Alabama schools bus bonds

Business & Education
8:24 am
Tue October 23, 2012

State Board Approves Bonds Sale for School Buses

A state board has approved the sale of $33 million in bonds to finance the purchase thousands of new buses for Alabama public schools.

The Alabama Public School and College Authority voted 2-0 Monday to approve the purchase of the bonds. Schools Superintendent Tommy Bice said state schools could buy as many as 5,743 buses with proceeds from sale of the bonds. But he said the number of new buses will likely be less because the money can also be used to pay off old transportation debt.