Southeast

A construction firm convicted of fraud in connection with repairing Jefferson County’s sewer system has finally paid nearly $20 million in fines and court costs assessed more than five years ago, Alabama U.S. attorney Joyce White Vance said Friday.

Georgia's plan to develop statewide alternative drinking water projects funded with $300 million of state general obligation bonds is a credit-positive, according to Moody's Investors Service.

The independent financial advisory firm, C.D. Bowling & Associates in Lexington, Ky., has changed its name to Civic Finance Advisors LLC and added three new partners.

Alabama federal Judge Thomas Bennett Friday limited the power of the receiver managing Jefferson County's sewer system.

The Clay Gas Utility District of Clay County, Tenn., never made a payment on its bonds over the past decade. Now the district is offering to buy them for 10 cents on the dollar in a contingent tender offer.

As Jefferson County, Ala., slogs through the nation's largest municipal bankruptcy, at least 10 bills that provide various forms of fiscal relief for the county are being advertised in advance of this year's regular legislative session, which begins Feb. 7.

Louisville, Ky.-based Hilliard Lyons has hired Chicago-based banker Alexander Rorke to lead an expansion of its public finance banking business across the firm's 13-state footprint.

As of Jan. 1, the consulting firm Wilbur Smith Associates no longer exists in name, and its headquarters have moved from Columbia, S.C., to Cambridge, Mass.

Kentucky and Indiana officials announced last week that they reached consensus on a basic plan to finance and build the $2.6 billion Ohio River Bridges Project.

Georgia Gov. Nathan Deal last week approved the final report of the Water Supply Task Force, which outlines water supply initiatives and recommendations that will be financed with $300 million of bonds over four years.