Monday, April 21, 2014

News
Ala. governor touts Amendment 2 as job creator


MONTGOMERY, Ala. (AP) — Gov. Robert Bentley is crisscrossing the state to ask voters to approve a constitutional amendment that could determine how successful he is in keeping his campaign promise to create jobs.

Bentley is urging voters to approve Amendment 2 on Nov. 6. He says it will give the state a new avenue for providing incentives for industries to locate in Alabama.

Alabama's Constitution already allows the state to sell up to $750 million in bonds for industrial incentives. The state is near that limit. Amendment 2 will allow the state to issue new bonds as it pays off the older bonds, as long as the total debt doesn't exceed $750 million. It will also allow the refinancing of old bonds to lower the interest rate.