Nearly $175 million in bonds sold to help North Alabama schools affected by BRAC

ANGELA PASCOPELLA's picture
Wednesday, June 26, 2013

School districts in North Alabama can move forward with plans to renovate and rebuild schools affected by BRAC.

Gov. Robert Bentley announced today that the Alabama Public School and College Authority has completed the sale of more than $174 million in capital improvement pool bonds. The bonds were sold to help fund the capital needs of school districts affected by the 2005 Base Realignment and Closure.

"This will benefit students and teachers throughout northern Alabama," Bentley said in a statement. "Cities like Huntsville, Madison and many other communities have seen tremendous growth as a result of BRAC. Now, public schools in these communities will be able to make necessary renovations and additions. We're able to do this because of the state's strong credit rating and sound financial management."

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