State officials today plan to sell $730 million in bonds to help finance a major highway project in west Alabama.
The state plans to use a significant portion of its revenue from the 2019 gas tax increase to pay down the bond debt over about two decades, to the frustration of some state lawmakers who question pledging so much of the money to one project.
The bond sale was reported by the publication Bond Buyer and confirmed by the Alabama Department of Finance on Wednesday…