bond money


State officials are issuing $33 million in bonds to keep promises to new and expanding industries and refinancing nearly $140 million in old bonds to save $12 million.

Two state boards headed by the governor voted unanimously Wednesday to refinance $1.9 million in bonds sold in 2001 for improvements at state parks and $137.7 million in bonds sold between 2001 and 2005 to pay for incentives the state promised new and expanding industries.

G.M. Andrews/AP Photo

The Alabama Legislature has approved selling bonds to borrow $30 million to repair tornado-damaged schools.

The Senate voted 26-6 Monday afternoon to give final passage to the bond legislation. The bill now goes to the governor for his review.