industrial incentives

The Governor's Office

Alabama Gov. Robert Bentley says he plans to call a special session of the Legislature to use money from the state's education budget to pay for economic incentives to lure new businesses. reports Bentley made the remarks Wednesday at a workforce development summit in Washington County. He said the special session would come after the election in November.


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.