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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Opponents protest Alabama’s Trust Fund transfer

Posted on 14 September 2012

About 50 people gathered on the steps of the Alabama Capitol to urge residents to vote “no” Tuesday on a constitutional amendment to allow the transfer of $437.4 million from the Alabama Trust Fund to be used for Medicaid, prisons and other state services.
Holding signs urging voters to not “bust” the trust fund, the demonstrators Thursday listened to representatives of grassroots groups who said the principle from the fund, established by former Gov. Fob James, was never meant to be spent………………………………………..Full Article: Source


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