The News Courier in Athens, Alabama

Local News

February 20, 2013

Governor signs law to repay trust fund

— MONTGOMERY, Ala. (AP) — Gov. Robert Bentley and legislative leaders kept a promise Wednesday to enact legislation requiring the repayment of $437 million taken from a state trust fund to bolster state budgets.

Bentley signed a bill passed by the Legislature that mandates the repayment to the trust fund through annual appropriations concluding in 2026. The bill was the first passed by the Legislature in the current session.

Alabama voters approved a constitutional amendment on Sept. 18 that allowed state officials to remove the money from the Alabama Trust Fund to shore up the state General Fund budget for three years. Bentley says the money is allowing the state to avoid Draconian cuts.

1
Text Only
Local News
Poll

What is your favorite Easter candy?

Chocolate bunnies
Marshmallow chicks
Chocolate eggs with filling
     View Results
Facebook
AP Video
Raw: More Than 100,000 Gather for Easter Sunday Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Deadly Avalanche Sweeps Slopes of Mount Everest
Twitter Updates
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Stocks
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Business Marquee