Baxley removed 'guarantee' from Ala. PACT plan - WSFA.com Montgomery Alabama news.

Baxley removed 'guarantee' from Ala. PACT plan

Lucy Baxley Lucy Baxley

MONTGOMERY, AL (AP) - Lucy Baxley says she removed all guarantees from promotional literature and contracts for Alabama's prepaid college tuition plan when she was state treasurer in 1995.

The plan is now financially troubled, raising questions about whether those putting money in the program were guaranteed tuition would be paid.

Baxley, in an interview with The Associated Press, said she removed the word "guarantee" because there was no legal guarantee in state law.

The program used the word "guarantee" when Baxley's predecessor in the treasurer's office, George Wallace Jr., launched the program 20 years ago.

Wallace disagrees with Baxley and says there is a legal obligation by the state to provide tuition.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

  • NewsMore>>

  • Trump defends tax plan, proclaims economy set 'to rock'

    Trump defends tax plan, proclaims economy set 'to rock'

    Saturday, December 16 2017 3:16 AM EST2017-12-16 08:16:02 GMT
    Sunday, December 17 2017 8:00 AM EST2017-12-17 13:00:25 GMT
    (AP Photo/J. Scott Applewhite). House Ways and Means Committee Chairman Kevin Brady, R-Texas, is pursued by reporters in the Capitol after signing the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017.(AP Photo/J. Scott Applewhite). House Ways and Means Committee Chairman Kevin Brady, R-Texas, is pursued by reporters in the Capitol after signing the conference committee report to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017.

    Republicans working to execute their first major legislative achievement of Donald Trump's presidency appear to have secured the votes to pass a massive tax overhaul that Trump hoped to present to Americans. 

    More >>

    Republicans working to execute their first major legislative achievement of Donald Trump's presidency appear to have secured the votes to pass a massive tax overhaul that Trump hoped to present to the American people for Christmas.

    More >>
  • After Alabama, abortion may be backseat issue in 2018 races

    After Alabama, abortion may be backseat issue in 2018 races

    Saturday, December 16 2017 12:06 PM EST2017-12-16 17:06:09 GMT
    Sunday, December 17 2017 8:00 AM EST2017-12-17 13:00:20 GMT

    Both Democratic and Republican operatives say abortion may take a backseat to other issues in 2018 now that conservative Alabama has elected a Democrat who supports abortion rights.

    More >>

    Both Democratic and Republican operatives say abortion may take a backseat to other issues in 2018 now that conservative Alabama has elected a Democrat who supports abortion rights.

    More >>
  • Special counsel obtains thousands of Trump transition emails

    Special counsel obtains thousands of Trump transition emails

    Sunday, December 17 2017 3:19 AM EST2017-12-17 08:19:20 GMT
    Sunday, December 17 2017 8:00 AM EST2017-12-17 13:00:09 GMT

    Several people familiar with President Donald Trump's transition organization say special counsel Robert Mueller's team gained access to thousands of private emails sent and received by Trump officials before his administration began.

    More >>

    Several people familiar with President Donald Trump's transition organization say special counsel Robert Mueller's team gained access to thousands of private emails sent and received by Trump officials before his administration began.

    More >>
Powered by Frankly