State Finance Director Bill Poole acknowledged difficulties in the long-term bond market. However, he downplayed the role politics had played.
According to the story from Bloomberg's Amanda Albright and Danielle Moran, underwriters for Alabama's $725 million bond issuance were "short around $200 million of orders on the bond deal."
Activists congregated outside the Regions Center in Birmingham on Monday morning to protest the new $725 million bond sale, which will help finance the state of Alabama’s two new mega prisons.
Alabama officials approved a $725 million bond sale on Thursday to help finance the construction of two supersize prisons, housing up to 4,000 inmates each, as part of a building plan that also relies on a portion of the state’s pandemic relief dollars.
The Alabama Department of Corrections (ADOC) is currently searching for an inmate who escaped an Atmore prison.
Should Fob James' son Tim James be elected governor in November, he would be inheriting a situation that is not quite as dire as what the elder James faced in 1979.
The state of Alabama carried out the execution of a man at the William C. Holman Correctional Facility late Thursday night. Matthew...
Alabama could see its first execution by nitrogen suffocation in the next few months. The Eleventh Circuit Court of Appeals heard...
The Plaquemine, La. police chief said his city had to pay for a juvenile murder suspect to be sent to a facility in Alabama because...
By Brandon Moseley The State Legislature’s Contract Review Committee met on Thursday and approved an Alabama Department of Corrections...
By Craig Monger An Alabama inmate, who survived a botched execution in 2018, has died from cancer-related complications. Doyle Hamm...
By Randy Tatano “The locks are unreliable.” That eye-opening comment from Alabama State Senator Greg Albritton about Atmore’s William...
By Brandon Moseley Alabama Governor Kay Ivey (R) signed legislation, on Friday, Oct. 1, authorizing the Alabama Department of Corrections...