Alabama Gov. Kay Ivey approved $27 million in Public School and College Authority awards during an authority meeting. Auburn University received $22 million for capital expenses, while the Alabama School of Healthcare Sciences received $5 million. The money comes from interest earned on the authority’s original 2020 issuance.
What it means
The Public School and College Authority funding will support capital expenses at Auburn University and the Alabama School of Healthcare Sciences. Ivey said the awards will help the institutions prepare students for future opportunities.
Key facts
- $27 million total awarded to Public School and College Authority projects.
- $22 million awarded to Auburn University for capital expenses.
- $5 million awarded to the Alabama School of Healthcare Sciences for capital expenses.
- Funds came from interest accrued from the original 2020 issuance.
- More than $1.9 billion in PSCA funding has been awarded during Ivey’s tenure.
Source: Office of the Governor of Alabama