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Bond issue generates $12 million for statewide job creation

November 17, 2010

MONTGOMERY - Economic development agencies across the state will each receive a share of $12 million for job creation in their respective regions. The Alabama Revolving Loan Fund Authority met Wednesday, November 17, and issued bonds for $12 million that will be used to provide funds to twelve area agencies. The taxable bonds were sold by competitive bid to Protective Securities, a division of ProEquities, with a true interest cost of 5.416804%.


Also on Wednesday, the Authority refunded its Series 2000 bonds, resulting in savings of more than $1.3 million for state taxpayers.


The twelve agencies that will be receiving funds from the $12 million bond issue include:


  • Northwest Alabama Council of Local Governments, Muscle Shoals 
  • West Alabama Regional Commission, Northport 
  • The Regional Planning Commission of Greater Birmingham, Birmingham
  • East Alabama Regional Planning and Development Commission, Anniston 
  • Central Alabama Regional Planning and Development Commission, Montgomery
  • Southeast Alabama Regional Planning and Development Commission, Dothan 
  • South Alabama Regional Planning Commission, Mobile 
  • Lee-Russell Council of Governments, Opelika
  • North Central Alabama Regional Council of Governments, Decatur 
  • Top of Alabama Regional Council of Governments, Huntsville 
  • Alabama-Tombigbee Regional Commission, Camden
  • South Central Alabama Development Commission, Montgomery


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