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June 28, 2022
MONTGOMERY, Ala. (AP) — Alabama officials approved a $725 million bond sale on Thursday to help finance 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 Corrections Institution Finance Authority, which is chaired by Gov. Kay Ivey, met briefly at the Alabama Capitol to approve the sale of the bonds. That money will be added to $135 million in state funds and $400 million in pandemic relief dollars that the state already agreed to put toward the project.
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