Southeast

BRADENTON, Fla. — The Securities and Exchange Commission on Monday filed a motion in Alabama federal court announcing that it had reached proposed settlements in the civil securities fraud case against Montgomery bond dealer William Blount and his firm, Blount Parrish & Co., and local lobbyist Al LaPierre.

WASHINGTON — Wake County, N.C., on Wednesday is expected to competitively price $421.7 million of general obligation refunding bonds, its largest refunding deal on record.

BRADENTON, Fla. — The nonprofit Raymond F. Kravis Center for the Performing Arts Inc. in Palm Beach County, Fla., has paid $320,000 to the Internal Revenue Service to settle a violation of the Internal Revenue Code’s 5% limit on private use in a bond-financed facility.

BRADENTON, Fla. — Birmingham, Ala., plans to use recovery zone economic development bonds in a “creative” way, according to city officials.

BRADENTON, Fla. — When Moody’s Investors Service ­released its first round of rating recalibrations for states Monday, Florida failed in its “gilt-edged” quest to win triple-A scores from all three major rating agencies.

BRADENTON, Fla. — The Securities and Exchange Commission has opened an investigation into an $83.3 million bond deal that Miami-Dade County sold last year on behalf of the county’s financially ailing Public Health Trust.

BRADENTON, Fla. — The Atlanta City Council on Monday formally adopted a five-year budget stabilization planning process to eliminate deficits in certain funds, examine options to reduce unfunded pension benefits, and fix aging infrastructure with planned long-term bond issues.

Louisiana disclosed this week that it has been providing information to the Internal Revenue Service for the last 13 months as part of an ongoing audit of $650 million of general obligation refunding bonds it sold in 2005.

DALLAS — Louisiana Gov. Bobby Jindal plans to close a $366 million budget gap over the next 10 weeks with funds earmarked for resolving a dispute with the federal government and money from a settlement with a pharmaceutical company.

BRADENTON, Fla. — Kentucky ended its annual legislative session Thursday night without passing a budget for the biennium, which begins July 1. The state is facing a $1.5 billion shortfall over the next two years.