Wednesday, May 6, 2009

PACT Program resolution sent to the rules committee

The Alabama Senate discussed SJR135 sponsored by Senator Del Marsh pertaining to the Prepaid Affordable College Tuition (PACT) program. This resolution would set up a committee that would study the problem with the PACT program and require that they report their findings on the fifth legislative day of the 2010 session.

Senator Rodger Bedford spoke on the bill nothing that this is not a problem that the Legislature or the Governor made, its something that State Treasurer Kay Ivey ran into the ground. Bedford said that he doesn’t believe we should pay hired help to address this issue.

Senator Holly spoke to the resolution and said that this resolution does not addresses the actuary as not being as bad as it actually is in reality. Holly believes that this resolution does not solve the issues with the PACT program; it simply looks at its issues. Holly noted that he is not interested in studying the issue; he is interested in solving the issue. Holly said Governor Riley’s purpose in visiting the senate today was to come over and discuss with members of the body and the Lt. Governor the issues with the pact program. Holly asked that the resolution be sent to the Rules committee.

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