Ala. governor touts Amendment 2 as job creator - WAFF-TV: News, Weather and Sports for Huntsville, AL

Ala. governor touts Amendment 2 as job creator

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MONTGOMERY, AL (AP) -

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. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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