Southeast

Jefferson County on Monday turned over sewer accounts containing about $60 million in revenue to the court-appointed receiver for the sewer system, according to the Birmingham News.

BRADENTON, Fla. - The Kentucky Transportation Cabinet on Monday filed a motion in federal court to intervene in a lawsuit that the agency believes could delay the long-planned Ohio River Bridges Project.

BRADENTON, Fla. - William "Bill" J. Taggart is the new president and chief executive officer of Atlanta Life Financial Group, the firm's board of directors announced Monday.

DALLAS — The board set up to finance and operate a new state teaching hospital in New Orleans has withdrawn its request for federal enhancement of revenue bonds needed to build the $1.2 billion University Medical Center.

DALLAS — A Jefferson County, Ala., circuit judge on Friday gave total control over all finances of the county's sewer utility to the court-appointed receiver of the system, which is in default on more than $3 billion of revenue debt.

Shreveport, La., has scheduled the single largest bond issue in the city's history. Next week's sale of $81.5 million of general obligation debt will be the first tranche from a $175 million bond authorization.

The Atlanta City Council last week unanimously approved sweeping reforms to the city's retirement plan that will allow the city to avoid layoffs and cuts in service, and bolsters its fiscal stability, officials said.

Standard & Poor's last week dropped Sarasota County's limited ad valorem tax bonds four notches to BBB from A-plus.

Alabama Gov. Robert Bentley softened his stance on supporting bankruptcy for Jefferson County last week, according to the Birmingham News.

BRADENTON, Fla. - Santa Rosa Bay Bridge Authority bondholders did not get paid July 1, according to the Florida agency's trustee, Bank of New York Mellon.