Southeast

WASHINGTON - An investor holding bonds wrapped with insurance from ACA Financial Guaranty Corp. has filed a lawsuit against the moribund insurer, which says it is no longer obligated to pay insurance claims related to the bonds following the issuer’s Chapter 9 restructuring agreement.

BRADENTON, Fla. - A new Florida agency created to fund statewide Property Assessed Clean Energy improvements filed a complaint to validate the issuance of up to $2 billion of municipal bonds.

A bill signed last week by Louisiana Gov. Bobby Jindal will complete the final $160 million of financing for two segments of Interstate 49 North that will connect Shreveport to the Arkansas line.

The Georgia Department of Transportation again selected HNTB Corp. as the prime consultant for the agency’s Innovative Program Delivery Technical Support Services initiative.

Chris Jones is the new chief financial officer for the Georgia Environmental Finance Authority. He take charge of the fiscal division, which oversees finance and accounting operations, manages loan underwriting, servicing and financial analysis, and provides program budget and administrative support.

U.S. Transportation Secretary Ray LaHood signed a full-funding agreement Monday for the first phase of the central Florida commuter train called SunRail.

Jefferson County, Ala., filed a brief notice with the bond market on Tuesday stating that it once again defaulted on its sewer warrants. The county said warrants were purchased by banks that entered into standby warrant purchase agreements.

BRADENTON, Fla. - A $1.1 billion transportation project aimed at alleviating congestion around Atlanta has qualified to apply for a low-interest federal loan as part of the financing plan.

Transportation Secretary Ray LaHood is proposing to reduce the cost of the $3.8 billion metrorail extension to Dulles International Airport by having Loudoun and Fairfax counties in Virginia pay for parking garages and a station with federal assistance.

BRADENTON, Fla. - Jefferson County is asking creditors holding its $3.14 billion of defaulted variable- and auction-rate sewer warrants to take a haircut of $1.3 billion, the Birmingham News said Sunday.