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BRADENTON, Fla. — The Florida Supreme Court Monday decided to hear oral arguments on April 7 in the South Florida Water Management District’s quest to get legal validation for $650 million of certificates of participation, the sale of which is being opposed by two appellants.
February 3
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The Virginia General Assembly is weighing legislation that will require more disclosure from local issuers on the bonds they issue. It also is considering the authorization of almost $4 billion of general obligation bonds for transportation projects.
February 3 - North Carolina
North Carolina Monday released its 2010 debt affordability report and said that the state has “substantially exhausted” its general fund debt capacity until fiscal 2012.
February 3 - Georgia
The Atlanta City Council Monday voted to pay a swap termination fee to UBS AG that could cost as much as $25 million. The swap was used to hedge $217 million of the city’s variable-rate water and sewer bonds.
February 3 -
A regional business organization headquartered in Jefferson County is urging Alabama’s political leaders to solve the county’s sewer debt crisis.
February 3 - Tennessee
BRADENTON, Fla. — Tennessee Gov. Phil Bredesen Monday night recommended a $28.41 billion budget for fiscal 2011, a reduction of 5% from the current year.
February 2 - Florida
BRADENTON, Fla. — Florida Gov. Charlie Crist Friday unveiled a $69.2 billion budget proposal for fiscal 2011 that, if accepted by the Legislature, would authorize the least amount of annual debt issuance in more than a decade.
January 29 -
BRADENTON, Fla. — Georgia Gov. Sonny Perdue Thursday said the state could not refinance $424.4 million of transportation debt because the board that oversees road projects has voted to maintain accounting practices that violate state law.
January 29 -
WASHINGTON — High-speed rail proponents rejoiced yesterday after President Obama announced the Federal Railroad Administration has awarded 31 states with a total of $8 billion of high-speed rail grants, the largest of which will go to California, Florida, and the Midwest region.
January 28
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BRADENTON, Fla. — President Obama and Vice President Joe Biden will be in Florida today to announce which states will share in $8 billion of federal stimulus funding for high-speed rail projects, and the winners will include the Sunshine State.
January 27
