Southeast

WASHINGTON — The Virginia Housing Development Authority this week expects to sell $107.3 million of homeownership mortgage bonds as part of its second act under the Treasury Department’s New Issue Bond Program.

BRADENTON, Fla. — Lawyers for ousted Birmingham, Ala., Mayor Larry Langford say the former Jefferson County commissioner who spearheaded the ill-fated refinancing of the county’s $3.2 billion of sewer debt will appeal his conviction on 60 federal charges.

BRADENTON, Fla. — Birmingham, Ala., welcomes new Mayor William Bell to office on Tuesday, which leaves a vacancy on the Jefferson County Commission as it continues to cope with $3.2 billion of troubled sewer debt.

DALLAS — Another $641 million could be added to Louisiana’s $1.5 billion of remaining authorization for Gulf Opportunity Zone bonds if already-allocated bonds are not sold by mid-August.

BRADENTON, Fla. — ­Nashville’s consolidated government leaders Tuesday night voted to move forward with a new convention center that could require as much as $650 million in bond financing that could price next month.

BRADENTON, Fla. — Facing a potential $1.5 billion shortfall over the next two years, Kentucky Gov. Steve Beshear Tuesday night recommended an $18.4 billion biennial budget to lawmakers that calls for a total of $1.53 billion of new debt.

BRADENTON, Fla. — Alabama federal judge Scott Coogler Tuesday denied former Birmingham Mayor Larry Langford’s motion for a new trial.

West Virginia’s pension system reported last week its unfunded liabilities jumped by about $2 billion, or 41%, in fiscal 2009. The Consolidated Public Retirement Board said obligations to retirees in the state’s seven pension funds increased to $7 billion for the fiscal year ending June 30.

Virginia’s new governor, Robert F. McDonnell, told lawmakers on Monday the state must retain its business-friendly environment, in part by barring tax hikes in the fiscal 2011 and 2012 budget. The state faces a $4 billion budget shortfall.

While in New Orleans last week, Vice President Joe Biden said the federal government will allow local governments in Louisiana and Mississippi to seek forgiveness of special community disaster loans they received after the hurricanes of 2005.