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The P3 taxable deal aims to replace the state’s old, dilapidated and outdated jails with more modern alternatives in a bid to ease prison overcrowding and provide new services to inmates.
April 14 -
The Department of Justice filed a federal complaint alleging conditions at Alabama prisons violate the constitution, as the state continues to negotiate public-private partnerships to build three lockups.
December 10 -
The Alabama Public School and College Authority will issue nearly $1.5 billion of bonds and most of the deal will be tax-exempt new money.
October 14 -
The public-private partnership Alabama is using to build three new prisons is estimated to cost nearly $2.64 billion over 30 years, up from $900 million.
September 9 -
Fairfield, Alabama, weighed down by fiscal problems long before the coronavirus hit, filed for bankruptcy saying it is insolvent.
May 21 -
Refundings and taxable deals were also up substantially, driving the region to $75 billion of municipal bond volume, up 32.6% from 2018.
February 26 -
Kay Ivey requested the school funding during her State of the State address Tuesday, the first day of Alabama's legislative session.
February 6 -
Opponents of the $700 million adopted budget say $2.5 million of spending choices may begin a slide back to Chapter 9.
September 11 -
The governor declared the $2.1 billion Mobile River project "dead” after it a local planning organization voted it down.
September 5 -
Two Virgin Trains USA deals from Florida helped push the region's volume up 9.8% over last year, making it one of only two regions to sell more bonds.
August 21