The News Courier in Athens, Alabama

Local News

February 20, 2013

State Legislature approves bill to repay savings

— MONTGOMERY, Ala. (AP) — The Alabama House has given final passage to a bill that requires full repayment of money transferred from an oil and gas revenues savings account to the state's General Fund budget.

The House voted 90-0 Thursday to approve an amendment put on in the Senate that requires repayment of the money even if the Legislature doesn't appropriate the funds.

An amendment to allow the state to take the money from the Alabama Trust Fund and use it for the cash-strapped General Fund budget was approved by voters in September. Before voters decided on the amendment, Bentley and some legislators promised the money would be repaid.

Bentley said he will make good on his promise to voters by signing the bill into law at 1 p.m. Wednesday at the Capitol.

1
Text Only
Local News
Poll

A recent national telephone survey found 75 percent of respondents believe the sale and use of pot will eventually be legal nationwide. Do you think marijuana should be legal in Alabama?

Yes
No
No, but I don’t think pot smokers should go to jail
Yes, but only for medical use
Yes, but only for personal adult use
     View Results
Facebook
AP Video
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