Southeast

The Santa Rosa Bay Bridge Authority's new board learned Wednesday night that its defaulted bonds, sold to build the Garcon Point Bridge in north Florida, may be repaid without losses to investors.

For the second year in a row, Virginia Gov. Bob McDonnell plans an aggressive strategy to keep the state's transportation projects moving forward at a fast clip.

Moody’s Investors Service Monday placed on review for upgrade the Ba3 rating on the Tennessee Energy Acquisition Corp.’s 2006A gas project revenue bonds.

The Federal Emergency Management Agency last week awarded more than $52 million of new funding to New Orleans to repair neighborhood streets in areas of the city most severely damaged by Hurricane Katrina in 2005.

Florida Gov. Rick Scott on Monday appointed John M. Martinez, vice president of Gardnyr Michael Capital Inc., as an interim Orange County commissioner.

Federal Judge Thomas Bennett, who is overseeing Jefferson County’s bankruptcy case, said Monday that he may not make a decision about whether the receiver will remain in charge of the county’s sewer system until after Dec. 23.

Jefferson County will be without a finance director after Friday.

Tampa, Fla., this week is marketing $20 million of taxable bonds to pay workers' compensation claims in a transaction that could be a model for other deals.

Jefferson County is not eligible to file for bankruptcy because it has no debt outstanding that qualifies under the Alabama law that authorizes municipalities to file for Chapter 9, creditors argued in court filings last week.

The Securities and Exchange Commission said late Thursday that it is a "statutory party in interest" in Jefferson County, Ala.'s bankruptcy case and wants to receive all notices and documents filed with the court.