Alabama Selling Bonds Backed by Deepwater Horizon Settlement

  • State’s getting money from $1 billion settlement up front
  • Bond proceeds also would fund Medicaid and transportation

Smoke billows from controlled oil burns near the site of the Deepwater Horizon oil spill in the Gulf of Mexico off the coast of Louisiana, on June 19, 2010.

Photographer: Derick E. Hingle/Bloomberg

The 2010 Deepwater Horizon oil-rig disaster, featured in a major-motion picture opening next week, may soon help Alabama rebuild its reserves, pay Medicaid expenses and fund road projects.

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