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5/2/16 Group Watch: Split of BP Settlement $$

TheĀ Alabama House of Representativesapproved a bill to split settlement money from BP under a plan that could stave off Medicaid cuts for 2017. Instead of $1 billion over 18 years, the state general fund would receive an estimated $639 million up from a bond issue. The state would use $450 million for debt payment and $191 million for road projects in coastal counties. The Senate will have to approve the measure next week in the two remaining days of the session.

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