Southeast

BRADENTON, Fla. — Flush with cash, Florida’s Citizens Property Insurance Corp. has increased the number of outside managers it uses to invest bond proceeds and other funds.

WASHINGTON — North Carolina expects to competitively sell $500 million of limited-obligation capital improvement bonds Wednesday in its largest deal in almost four years.

As part of an ongoing initiative to examine developer-driven deals, the Internal Revenue Service is auditing $48.47 million of defaulted bonds issued by the Stoneybrook South Community Development District in Florida in 2007 for infrastructure improvements.

BRADENTON, Fla. — The Nashville Metropolitan Transit Authority has hired Parsons Brinckerhoff to do a year-long study of high-capacity transit options to shuttle workers and tourists to and from the city’s busy downtown business and entertainment districts.

Raleigh, N.C., is issuing $114.5 million of triple-A-rated water and sewer revenue bonds Thursday, bolstering city utility resources that have been constrained in recent years by the national recession and a regional drought.

BRADENTON, Fla. — Georgia Gov. Nathan Deal is poised to enact emergency procedures this week to ensure Atlanta Public Schools doesn’t lose its high school accreditation — a development that would prevent its new graduates from getting into most colleges and qualifying for ­scholarships.

BRADENTON, Fla. — The Baker Correctional Development Corp. in Florida’s panhandle notified bondholders Monday that it entered a forbearance agreement for principal payments due to start next month on $45 million of unrated bonds sold in 2008.

BRADENTON, Fla. — A convergence of factors is pushing bond issuance costs up this year — including fallout from the “headline risk” associated with predictions of increased municipal bankruptcy, local officials from across Florida learned Friday.

ORLANDO, Fla. — Florida school districts and local governments should brace for impacts from state budget cuts that could be more than $3.5 billion, according to elected and financial officials at a seminar Friday in Orlando.

BRADENTON, Fla. — A one-year extension to sell Gulf Opportunity Zone bonds by Congress will allow Louisiana to review applications for its $300.83 million of remaining capacity, the State Bond Commission learned Thursday.