Ala. bond issues pending on Legislature’s last day

The Alabama Legislature could use its last meeting day to authorize the
borrowing of $280 million through state bond issues.

The bond
issues awaiting a final vote today would affect school security,
reconstruction of tornado-damaged schools, the construction of National
Guard armories, and the purchase of school technology equipment and
electronic textbooks.

Gov. Robert Bentley says that's a lot of
borrowing, and he doesn't know whether all of it will be done. Senate
Budget Committee Chairman Trip Pittman said low-interest rates make
bonds attractive for some expenses, but sometimes it's better to pay as
you go.

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