Southeast

WASHINGTON — A northern Virginia county suing federal and state transportation authorities over certain environmental exemptions for planned high-occupancy toll lanes on two interstate highways has asked the court to add another federal official as a defendant.

BRADENTON, Fla. — Miami-Dade County is completing the sale of $217 million of transit sales-tax revenue bonds today for institutional investors.

BRADENTON, Fla. — The Securities and Exchange Commission is recommending that Jefferson County, Ala., receive a $25 million disgorgement and civil penalty that JPMorgan paid into an SEC “fair fund” designed to compensate harmed investors and issuers.

Kentucky reaped more savings than anticipated in Wednesday's $468 million taxable note sale in which underwriters created a new index-eligible term bond structure to entice investors who typically aren't interested in maturities less than 10 years.

The Louisiana State Bond Commission on Tuesday reserved $600 million of Gulf Opportunity Zone private-activity bonds for an unidentified manufacturing project in the southern part of the state.

The Atlanta City Council Monday approved issuing $145 million of new and refunding taxable bonds for Philips Arena, home to the National Basketball Association's Hawks and the Atlanta Thrashers, a National Hockey League expansion team.

The Buena Vista, Va., City Council plans to meet Thursday to discuss the possibility of hiring a financial adviser to help it devise a workout solution for a troubled $9.2 million bond issue that could force it to lose its city hall, police station, and other municipal buildings.

The Santa Rosa Bay Bridge Authority could deplete its debt-service reserve in the current fiscal year, which could result in a payment default next July, Florida Department of Transportation officials said Wednesday.

The Richland County No. 2 School District expects to competitively price $136.6 million of bonds Tuesday, including refunding and taxable qualified school construction bonds.

New Orleans has only $1.2 billion available to finance $1.5 billion of recovery projects announced in 2009 by former Mayor Ray Nagin, city officials said last week.