by Associated Press Published: November 12,2012
Tags: audit, auditing, auditor, bond, crime, criminal, elected official, embezzle, embezzlement, embezzler, investigation, law enforcement, money, public official, refund, repayment, state agency, steal, stealing, tax, taxpayer, theft, thief
BROOKHAVEN — Mississippi Auditor Stacey Pickering has closed his office’s investigation into embezzlement by a former Lincoln County Circuit Clerk. Pickering last week delivered a check for more than $61,000 to Lincoln County Supervisors. The Brookhaven Daily Leader reports the check represents the last of the money the auditor’s office says Terry Lynn Watkins had [...] [...]
by Associated Press Published: November 9,2012
Tags: apprpriation, bond, borrow, building, construction, credit, debt, finance, lawmaker, legislation, legislative, legislator, loan, state government
JACKSON — The Mississippi House and Senate will try to agree on a package of long-term borrowing next year, after failing to authorize one this past spring, a top lawmaker said. Senate Finance Committee chairman Joey Fillingane, R-Sumrall, said leaders want to cover the state’s needs without creating too much bond debt. The state issues [...] [...]
by MBJ Staff Published: October 12,2012
Tags: bond, clinic, credit, debt, health, health care, hospital, medical, medicine, outlook, rate, rating
HATTIESBURG — Fitch Ratings has affirmed its “A” rating on the following bonds issued on behalf of Forrest County General Hospital (Forest Health) (MS): — $70,000,000 Mississippi Hospital Equipment and Facilities Authority revenue bonds, series 2010; — $43,265,000 Mississippi Hospital Equipment and Facilities Authority, series 2009. The Rating Outlook is revised to “negative” from “stable.” [...] [...]
by Associated Press Published: September 19,2012
Tags: biofuel, board of supervisors, bond, county government, energy, finance, financing, fuel, green, infrastructure, levee, manufacture, manufacturer, manufacturing, project, REFINERY, supervisor, sustainable
NATCHEZ — The Adams County Board of Supervisors is advertising its intent to take out a bond that will not exceed $7.5 million as part of the KiOR levee project. The Natchez Democrat reports the funds from the bond will be channeled toward the construction of a levee on the site of the former Belwood [...] [...]
by Associated Press Published: September 13,2012
Tags: Askew Hargraves Harcourt & Associates Inc., bench, bond, embezzlement, federal government, home, homeowner, house, housing, housing authority, incarceration, judge, judicial, judiciary, low-income housing, mortgage, prison, public funds, tax, witness tampering
GREENVILLE — The former executive director of the South Delta Regional Housing Authority has reported to a federal prison in Illinois to begin a 32-month prison sentence for embezzlement. The Delta Democrat Times reports U.S. District Court Judge Glen H. Davidson denied a request from Ann Jefferson that she remain free on bond while her [...] [...]
by MBJ Staff Published: August 21,2012
Tags: bond, coal, construction, credit rating, debt rating, electricity, energy, power, Power plant, rating, utility
GULFPORT — Fitch Ratings has rated Mississippi Power Company’s (MPC) issuance of $200 million series 2012A 4.25% senior notes due March 15, 2042 as “A.” These notes are part of the same series of debt securities as the $250 million senior notes issued on March 9, 2012. These notes are senior, unsecured obligations of MPC. [...] [...]
by Associated Press Published: August 20,2012
Tags: appropriation, bond, budget, construction, education, funding, higher education, lawmaker, legislative, Legislature, public university, renovation, university
ACROSS MISSISSIPPI — Mississippi’s public universities say they need $684 million in building renovations and new construction. Officials know lawmakers won’t provide that much money next year. So instead, they’d like predictability when it comes to state bond funding. The College Board voted to forward the top 10 construction priorities of each institution to the [...] [...]
by MBJ Staff Published: August 17,2012
Tags: bank, banker, banking, bond, credit, debt, education, finance, financial institution, higher education, loan, state agency, student loan
JACKSON — Fitch Ratings has affirmed the senior student loan notes issued by Mississippi Higher Education Assistance Corp. (MHEAC), 1993 Trust Indenture. The Rating Outlook is “negative.” Fitch wrote: “The collateral supporting the notes comprises 95 percent cash and 5 percent student loans originated under the Federal Family Education Loan Program (FFELP). The Negative Outlook [...] [...]
by Associated Press Published: August 16,2012
Tags: bond, budget, budget shortfall, city, city council, city government, error, miscalculation, municipal government, municipality, tax, taxpayer
GAUTIER — After learning this week that Gautier will face a significant shortfall over the next several months, city leaders say tax increases will not be part of the solution. Interim city clerk Teresa Montgomery projected that the city can go into fiscal year 2013 with $493,200 in the general fund if money is transferred [...] [...]
by Associated Press Published: August 7,2012
Tags: board of supervisors, bond, construction, county, county governor, finance, financing, loan, road, road work, roadbuilder, roadbuilding, supervisor
NATCHEZ — The Adams County Board of Supervisors has voted to take out a $650,000 loan to fund road work and also voted to renegotiate an approximately $2.6 million road bond to reduce the payments the county pays on the bond each year. The Natchez Democrat reports the supervisors awarded a bid for the $650,000 [...] [...]
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