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Last-Minute Fix Found for PACT Plan

By Associated Press

Montgomery, AL – The Legislature made a final-hours fix to a problem with a bill it passed to save Alabama's prepaid college tuition plan.

State attorneys realized the bill contained language that violated federal regulations, and the governor recommended the Legislature remove one paragraph from it Thursday, the last meeting day of the 2010 sesssion. The Senate agreed 24-0 and then the House voted 94-6.

Gov. Bob Riley signed the bill into law. It will pump nearly $548 million into the financially troubled plan over the next 17 years.

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