HB113 Alabama 2010 Session

Under existing state law, there is no specific fund established in the State Treasury to receive payments from the federal Gulf of Mexico Energy Security Act to provide monetary assistance to those areas of this state negatively impacted by offshore oil production and to protect coastal areas from damage and erosion

This bill would establish the Coastal Protection and Restoration Fund to receive such federal payments to provide monetary assistance to those areas of this state negatively impacted by offshore oil production and to protect coastal areas. This bill would provide the method of allocation from the fund

To establish the Coastal Protection and Restoration Fund to receive and distribute payments made to the state and coastal political subdivision of the state to provide monetary assistance to those areas of this state negatively impacted by offshore oil production and to provide for other conservation and restoration projects for coastal protection; and to provide the method of allocation from the fund.