HB314 would amend the Alabama Constitution to transfer sixteenth section and school lands in Cullman County and their income to the Cullman County Board of Education, with new rules for management and distribution of proceeds.
It would vest all sixteenth section school lands in Cullman County in the Cullman County Board of Education, giving the board authority to manage, sell, lease, and control the land and any timber, minerals, or other natural resources. Proceeds from land sales would be split 90 percent into a county trust and 10 percent to the Board of Education General Fund, while annual interest from those funds would be distributed to the Cullman County and Cullman City school systems based on student enrollment, using a five-year cycle with the first calculations based on 2010-2011 data. Proceeds from timber, minerals, or other resources or from leases would go directly to the Board of Education General Fund, and any pre-ratification proceeds held in trust would continue to be paid to the custodian of funds for the Cullman County Board of Education. The amendment would supersede conflicting constitutional provisions on these lands, and an election would be held to ratify the amendment.
Forwarded to Secretary of State at 2:48 p. m. on April 3, 2012.
Assigned Act No. 2012-174.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 364
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Local Legislation No. 1
Motion to Read a Third Time and Pass adopted Roll Call 89
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Local Legislation
Source: Alabama Legislature