Southeast

BRADENTON, Fla. — A Florida grand jury will consider whether to investigate a court building costing $47 million that was financed largely with tax-exempt bonds.

BRADENTON, Fla. — An Alabama judge said Wednesday that bankruptcy is not a feasible alternative for Jefferson County and appointed a receiver with rate-setting powers to take over the county’s sewer system.

BRADENTON, Fla. — Atlanta plans to bring $1.34 billion of new and refunding airport revenue bonds to market between November and January in two long-planned transactions.

WASHINGTON — Virginia Gov. Bob McDonnell is pushing for the creation of a state transportation infrastructure bank that would be funded with revenue from the privatization of state-owned liquor stores and provide an array of financing tools for road construction and other projects.

The Birmingham City Council approved a resolution Tuesday supporting an increase in the lodging tax rate by 3.5% to support the development of sports and entertainment facilities.

BRADENTON, Fla. — ACA Financial Guaranty Corp. is asking Santa Rosa Bay Bridge Authority bondholders if they are interested in creating a committee to investigate potential resolutions to the northwest Florida issuer’s looming payment default.

WASHINGTON — Senior bondholders of a South Carolina toll road’s debt are claiming they are owed at least $237.8 million as they continue to wrestle with state transportation officials over a debt restructuring plan.

DALLAS — The Louisiana State Bond Commission on Thursday approved $600 million of the state’s dwindling capacity of Gulf Opportunity Zone bonds for an iron and steel project in St. James Parish.

BRADENTON, Fla. — Sarasota and two counties on Florida’s southwest coast plan to take advantage of federally subsidized economic recovery zone and Build America Bonds when they issue more than $100 million of debt for the spring-training facilities of two Major League Baseball teams.

BRADENTON, Fla. — When the Municipal Electric Authority of Georgia sold $2.66 billion of bonds in March for the first U.S. nuclear power project in nearly three decades, it faced a challenge. With interest rates so low and the financial markets so uncertain, how would it invest such a huge portfolio of bond proceeds before it needed to draw funds to pay for its share of two new nuclear units at Plant Vogtle near Augusta?