Law and legal issues

The state's chief auditor said the program to install high-speed internet across Kentucky is plagued with "botched" procurements.

The state Supreme Court upheld a law that safeguards local property tax exemptions for the hospitals.

State officials have lost two rounds in a lawsuit that says California improperly diverted money intended for homeowners to make payments on housing bonds.

MEAG joins two other owners of the Plant Vogtle project voting to move forward; Oglethorpe Power has yet to decide.

Florida’s JEA has asked federal regulators to review its power purchase agreement with Georgia’s MEAG, a move that could delay lawsuits filed over the matter.

The Chicago suburb will sell $3.9 million of GOs in its first bond market appearance after allowing hotel project bonds to default.

S&P Global Raings dropped Verity Health System to CC.

S&P placed the Florida utility’s bond ratings on CreditWatch Negative after JEA asked a court to void a power purchase agreement.

Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.

The Legislature failed to publish a public notice about changes in the law authorizing the sole security for the bonds, the court ruled.

MEAG wants a power purchase agreement enforced against JEA, which says the agreement must be vacated because it wasn’t properly approved.

Coalinga Regional Medical Center was felled by challenges common to many rural hospitals.

A group of ratepayers on Jefferson County, Alabama’s sewer system has asked judges to reconsider dismissal of their appeal.

Verity Health System reported about $459 million of long-term bond debt and $254 million in pension obligations on its most recent CAFR.

Bondholders are going after the city, county officials, and a court-appointed water receiver to ensure future payments.

Maine Gov. Paul LePage is pushing the federal government to reverse the decisions of his state's voters and courts, and block a Medicaid expansion plan.

S&P Global Ratings raised Stockton Public Finance Authority lease-revenue bonds to BB from B-minus.

A major state bridge repair and replacement program was launched as the turnpike authority’s bond ratings were downgraded because of pension liabilities.

The SEC is sorting out those charged with engaging in a large multi-year "flipping" and kickback scheme.

The Florida Development Finance Corp. will issue $1.75 billion of bonds for the privately owned passenger train project.