MONTGOMERY, AL (WBRC) – Despite being sent back to the legislature late in the session, the PACT bill was able to be passed by the House and Senate.
On Thursday, it was revealed that the first PACT bill passed by the legislature could possibly threaten the tax exempt status of bonds issued by the Public School and College Authority. Interest money from bonds issued by the PSCA was calculated into paying off the PACT scholarships along with other bond deals from the state. By dedicating the money to scholarships, the PSCA's tax exempt status could be revoked.
Governor Riley's office discovered the problem with the bill and quickly added an executive amendment to the PACT bill to rectify the oversight. The change fixed the problem, but the bill had to again pass both the Alabama House and Senate.
Many felt that a filibuster could come from opposition to the PACT bill in the State House. On Wednesday night, PACT bill opponents launched a filibuster that lasted until 9:00 p.m. on the first PACT bill.