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Governor Bentley Touts Amendment 2 As Job Creator

Alabama Public Radio | By The Associated Press

Published October 7, 2012 at 11:58 AM CDT

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Gov. Robert Bentley won't make a quick decision on whether to sign the state's Education Trust Fund budget or force lawmakers back into a special session over the issue of a raise for education employees.

State of Alabama

Gov. Robert Bentley is crisscrossing the state to ask voters to approve a constitutional amendment that could determine how successful he is in keeping his campaign promise to create jobs. Bentley is urging voters to approve Amendment 2 on Nov. 6. He says it will give the state a new avenue for providing incentives for industries to locate in Alabama. Alabama's Constitution already allows the state to sell up to $750 million in bonds for industrial incentives. The state is near that limit. Amendment 2 will allow the state to issue new bonds as it pays off the older bonds, as long as the total debt doesn't exceed $750 million. It will also allow the refinancing of old bonds to lower the interest rate. Copyright 2012 The Associated Press.