SB167 Alabama 2013 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2013
Title
Alabama Trust Fund, Deep Water Horizon proceeds to be used to repay transfer of fund from the Alabama Trust Fund
Description
<p class="bill_description"> This bill would provide that any proceeds
the State of Alabama receives from any monetary
settlement resulting from the Deep Water Horizon
oil spill shall be used to repay any funds
transferred from the Alabama Trust Fund, the
General Fund Rainy Day Account, or the Education
Trust Fund Rainy Day Account to the General Fund or
the Education Trust Fund; and would further require
that 10 percent of the remaining proceeds of the
monetary settlement shall be deposited into the
Alabama Trust Fund</p><p class="bill_entitled_an_act"> Relating to the Alabama Trust Fund, the Education
Trust Fund Rainy Day Account, and the General Fund Rainy Day
Account; to provide that any proceeds the State of Alabama
receives from any monetary settlement resulting from the Deep
Water Horizon oil spill shall be used to repay any funds
transferred from the Alabama Trust Fund or the Rainy Day
Accounts to the General Fund or the Education Trust Fund; and
to further require that 10 percent of the remaining proceeds
of the monetary settlement shall be deposited into the Alabama
Trust Fund.
</p>
Subjects
Alabama Trust Fund
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 7, 2013 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB167 Alabama 2013 Session - Introduced |