SB290 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 or legal disposition associated with
economic damages resulting from the Deep Water
Horizon oil spill shall be used to repay any funds
transferred from the Alabama Trust Fund and the
General Fund Rainy Day Account and would further
require the remaining proceeds shall be deposited
into the Alabama Trust Fund</p><p class="bill_entitled_an_act"> Relating to the Alabama Trust Fund, and the General
Fund Rainy Day Account; to provide that any proceeds the State
of Alabama receives from any monetary settlement or legal
disposition associated with economic damages 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; and the remaining balance shall
be transferred to the trust fund.
</p>
Subjects
Alabama Trust Fund
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 7, 2013 | S | Indefinitely Postponed |
| March 14, 2013 | S | Read for the second time and placed on the calendar |
| March 5, 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 | SB290 Alabama 2013 Session - Introduced |