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In a financial mess that spans the Atlantic, Louisiana affiliates of a German wood pellet processing firm filed for Chapter 11 bankruptcy, potentially leaving bond investors on the hook for a project poised to receive millions in state incentives.
By Shelly SigoMarch 16 - North Carolina
North Carolina Gov. Pat McCrorys $2 billion NC Connect bond referendum won easily Tuesday, when Republican voters also nominated him for a second term.
By Shelly SigoMarch 16 -
The collapse of the Port St. Lucie, Fla.-based Vaccine and Gene Therapy Institute prompted Moody's Investors Service to review the citys bond ratings for possible downgrade.
By Shelly SigoMarch 15 - Louisiana
Louisiana selected underwriters Tuesday for a general obligation refunding of up to $600 million to patch a portion of the states massive deficit.
By Shelly SigoMarch 15 -
Jefferson County, Ala., said in a notice Monday it paid $5.37 million earlier this month to the Internal Revenue Service for investing some of its 2004 school warrants at interest rates higher than allowed by federal tax laws.
By Shelly SigoMarch 14 - Georgia
Georgia saw state revenues jump a whopping 24.9% in February, although state officials said Internal Revenue Service security breaches helped skew the results by delaying refunds.
By Shelly SigoMarch 14 - North Carolina
If North Carolina voters allow the state to issue $2 billion of general obligation bonds it could signal a shift in sentiment about tax-backed debt issuance, according to Fitch Ratings.
By Shelly SigoMarch 14 - Louisiana
Louisiana-based Adam and Reese LLP has promoted partner Tracy Averett Morganti to head the firm's public finance team.
By Shelly SigoMarch 14 - Florida
House Bill 347 received final passage Thursday in the Florida senate allowing certain entities to issue securitized bonds to finance water and sewer projects.
By Shelly SigoMarch 11 - Florida
For the first time in five years, Florida lawmakers have included bond financing for school projects in their proposed $82.35 billion budget for fiscal 2017.
By Shelly SigoMarch 10