Southeast

DALLAS - The board overseeing the construction of a $1.1 billion Louisiana state hospital in New Orleans unanimously adopted a revised no-debt financial plan on Thursday.

BRADENTON, Fla. - North Carolina Gov. Beverly Perdue has announced a plan to accelerate "urban loop projects" in six cities using grant anticipation revenue vehicle bonds.

BRADENTON, Fla. - Just days before a critical decision on how to deal with $3.14 billion of defaulted sewer debt, Jefferson County, Ala., commissioners plan to hire the county's first manager.

BRADENTON, Fla. - With a deal uniquely structured to meet investors' demands, a Florida conduit issuer has sold one of the largest tax-exempt bond financings to date for an airport fixed-base operator.

The Internal Revenue Service has completed an audit of $60 million of hospital revenue bonds issued in 2002 by Lakeland, Fla., finding no change to the bonds’ tax-exempt status.

DALLAS - No revenue bond debt will be required to build a new $1 billion state teaching hospital in New Orleans under a revised business plan being considered Thursday by the University Medical Center Management Corp.

Moody’s Investors Service Tuesday upgraded the Georgetown County School District’s general obligation rating to Aa3 from A1, affecting $97.2 million of outstanding GOs.

In a one-day special session Friday, the Mississippi Legislature approved the issuance of $175 million of general obligation bonds as incentives for two major development projects.

Economic activity in Louisiana spurred by oil and gas exploration and production is a bright spot in a sputtering national economy, the head of the Federal Reserve Bank of Atlanta said last week.

Moody’s Investors Service last Thursday downgraded the Hillsborough County Aviation Authority’s revenue bonds to A1 from Aa3. The move affects $692.4 million of outstanding debt. The outlook is stable. The HCAA oversees Tampa International Airport on Florida’s west-central coast.