Southeast

DALLAS — Louisiana Gov. Bobby Jindal will eliminate a $106.8 million deficit in the $25.5 billion budget for fiscal 2011 mostly by cutting expenditures for higher education and health care.

BRADENTON, Fla. — The Orlando-Orange County Expressway Authority expects to sell $280 million of tax-exempt bonds Tuesday.

DALLAS — The Louisiana State Bond Commission allocated the state’s remaining $232.7 million of Gulf Opportunity Zone bonds Thursday to three applicants that had sought the right to issue $700 million of the tax-exempt private-activity debt.

BRADENTON, Fla. — The Kentucky State Property and Buildings Commission is selling $315 million of revenue bonds next week, with most of the deal structured as taxable Build America Bonds.

BRADENTON, Fla. — The Birmingham, Ala., City Council approved the sale of up to $75 million of revenue bonds Tuesday for the construction of a 300-room Westin Hotel and creation of a downtown restaurant and entertainment district near the Birmingham-Jefferson Convention Center.

BRADENTON, Fla. — The Securities and Exchange Commission has approved a distribution plan allowing ­Jefferson County, Ala., to receive a $25 million disgorgement and civil penalty that ­JPMorgan paid into a “fair” fund to compensate harmed investors and issuers.

BRADENTON, Fla. — Mississippi expects to price this week’s largest negotiated deal with a $650.7 million taxable general obligation bond transaction that represents only its second issuance of Build America Bonds.

DALLAS — New Orleans Mayor Mitch Landrieu rolled out a $483 million operating budget for 2011 on Thursday that he said would pay for essential city services while setting strict spending limits.

The North Carolina Turnpike Authority will price $275 million of debt Thursday, including $250 million of Build America Bonds, for the Monroe Connector System in a transaction that illustrates how some issuers are jockeying for pricing position ahead of the BAB program’s scheduled expiration.

BRADENTON, Fla. — The South Florida Water Management District paid $194 million in cash Tuesday for the purchase of 26,800 acres of land from U.S. Sugar Corp. for Everglades restoration, and may use debt to buy additional acreage over the next decade.