5/2/16 Group Watch: Split of BP Settlement $$
The Alabama House of Representativesapproved a bill to split settlement money from BP under a plan that could stave off Medicaid cuts for 2017. Instead of $1 billion over 18 years, the state general fund would receive an estimated $639 million up from a bond issue. The state would use $450 million for debt payment and $191 million for road projects in coastal counties. The Senate will have to approve the measure next week in the two remaining days of the session.
