Bryant signs $250 million bond bill

Bryant signs $250M bond bill into law

Legislation authorizing the issuance of nearly $250 million in state debt through the sale of bonds was signed into law Tuesday by Gov. Phil Bryant.

At the time the legislation passed last month near the end of the 2016 session, Republican state Treasurer Lynn Fitch criticized the size of the proposal and the fact that it contained money for local projects that should not receive state funding.

Despite the controversy surrounding the bill, most observers believed the governor would sign it into law.

Daily Journal
5/17/16