Southeast

DALLAS - Louisiana Gov. Bobby Jindal Monday asked for consideration of an alternative, no-debt financial plan for a proposed $1.2 billion state hospital in New Orleans.

Kentucky plans to competitively sell $145.8 million of lease-revenue bonds Tuesday to complete work on a new state mental hospital. The deal precedes an estimated $362.3 million offering of lease-appropriation obligations.

BRADENTON, Fla. - Jefferson County ordered that plans to place nearly 1,000 employees on administrative leave without pay be prepared this week as the government struggles to stay solvent through the fiscal year end.

DALLAS - A proposal to scrap plans for a $1.2 billion state hospital in New Orleans in favor of a smaller, less-expensive project was outlined Thursday at a joint news conference by U.S. Sen. David Vitter, Louisiana Treasurer John Kennedy, and House Speaker Jim Tucker.

BRADENTON, Fla. - Virginia's gilt-edged Arlington County will sell $127 million of general obligation public improvement bonds beginning Monday using a three-day sale structure.

BRADENTON, Fla. — Georgia issuers are facing new credit pressures and calls for conservation because of a looming deadline to cut back on withdrawals from certain river basins and a federal reservoir that provide drinking water to the state’s growing population.

WASHINGTON — The Village Center Community Development District in Florida is asking the Internal Revenue Service for legal advice on whether it is a political subdivision — an issue critical to the tax-exempt status of million of bonds it issued.

Standard & Poor’s has raised its rating to BBB-minus from BB on revenue bonds issued for Princeton Community Hospital.

The proposed $1.2 billion University Medical Center in New Orleans may be built with the proceeds from bonds supported solely by hospital revenue if federal mortgage insurance is denied for the debt.

Former Jefferson County commissioner Chris McNair on Monday reported to a federal prison in Illinois to begin a five-year sentence for corruption related to contracts for rebuilding the county’s sewer system, according to the Birmingham News.