Economy

The Maine Turnpike Authority is suing former chief executive Paul Violette, demanding he repay $524,000 it alleges he cost the agency between 2003 and 2011.

The chairwoman of the Senate Environment and Public Works Committee said Thursday that she wants the panel to approve a bipartisan, two-year $109 billion transportation reauthorization bill before Congress leaves for its August recess.

A California appellate court will hear a public employee union’s appeal next month after a court denied a lawsuit over the Presidio Parkway public-private partnership.

WASHINGTON - The Metropolitan Washington Airports Authority board of directors did a turnaround on Wednesday and voted 11 to 1 to approve the construction of an above-ground station for the metrorail extension to Dulles International Airport.

WASHINGTON - Transportation advocates told members of Congress on Wednesday that a healthy tax-exempt bond market, an expansion of the use of private-activity bonds, and the reinstatement of Build America Bonds would help finance much-needed infrastructure improvements.

DALLAS - The Central Texas Turnpike System, which operates three tollways in the Austin area, is counting on higher subsidies from the state after revenues fell $100 million short of covering debt and operating costs, officials said.

WASHINGTON - An investor holding bonds wrapped with insurance from ACA Financial Guaranty Corp. has filed a lawsuit against the moribund insurer, which says it is no longer obligated to pay insurance claims related to the bonds following the issuer’s Chapter 9 restructuring agreement.

SAN FRANCISCO - A controversial Alaska public-private partnership toll bridge project has moved a step ahead this month despite years of hurdles.

A bill signed last week by Louisiana Gov. Bobby Jindal will complete the final $160 million of financing for two segments of Interstate 49 North that will connect Shreveport to the Arkansas line.

The Georgia Department of Transportation again selected HNTB Corp. as the prime consultant for the agency’s Innovative Program Delivery Technical Support Services initiative.

U.S. Transportation Secretary Ray LaHood signed a full-funding agreement Monday for the first phase of the central Florida commuter train called SunRail.

BRADENTON, Fla. - A $1.1 billion transportation project aimed at alleviating congestion around Atlanta has qualified to apply for a low-interest federal loan as part of the financing plan.

CHICAGO - The Illinois Finance Authority board Tuesday signed off on Advocate Health Care Network's sale of up to $533 million of new-money and refunding bonds, and the newly merged Central DuPage Health-Delnor Health System's $190 million direct-purchase issue.

Transportation Secretary Ray LaHood is proposing to reduce the cost of the $3.8 billion metrorail extension to Dulles International Airport by having Loudoun and Fairfax counties in Virginia pay for parking garages and a station with federal assistance.

Moody's Investors Service last week affirmed Fairfield Medical Center's Baa2 rating and revised its outlook to stable from negative, citing its sustained operating improvements. The action affects $34.2 million of rated debt.

Moody's Investors Service has revised its outlook on Saint Luke's Health System's A1 rating to stable from negative due to its improved operating performance. The action affects $532 million of debt issued through the Missouri Health and Educational Facilities Authority.

Construction of a western bypass expressway around O'Hare International Airport would create at least 78,000 jobs and strengthen the regional economy, but financing the $3 billion project likely would have to come from tolls, according to an advisory council report announced by Illinois Gov. Pat Quinn last week.

Moody's Investors Service changed its outlook on Decatur Memorial Hospital's A2 rating to negative from stable due to a downturn in its operating performance. The action applies to nearly $40 million of debt.

DALLAS - After pricing $347 million of general obligation bonds for expansion of state facilities Monday, Texas is preparing another $300 million of taxable debt for its Cancer Prevention Research Institute next week.

Massachusetts Attorney General Martha Coakley has asked a bankruptcy judge to review the proposed $38 million sale of Quincy Medical Center Inc. to Steward Health Care System LLC.