SB392 Alabama 2013 Session

Updated Feb 25, 2026

Summary

Primary Sponsor: George M. “Marc” Keahey
Democrat
Co-Sponsors: Bill Hightower Trip Pittman Rusty Glover Vivian Davis Figures
Session: Regular Session 2013
Title: Monetary Settlement, oil spill- Deep Water Horizon, use of settlement to repay Alabama Trust Fund and Rainy Day account, prohibited, deposit into General Fund
Summary: SB392 would prohibit Alabama from using Deep Water Horizon settlement proceeds to repay funds transferred from the Alabama Trust Fund or the General Fund Rainy Day Account.
What This Bill Does
If enacted, the bill says that any settlement or legal money related to the Deep Water Horizon oil spill cannot be used to repay those two state funds. It overrides other laws to enforce this restriction. It becomes effective immediately after the governor signs it into law.

Who It Affects
Alabama Trust Fund and General Fund Rainy Day Account: cannot be repaid with Deep Water Horizon settlement proceeds.
State government and related funds that would use settlement proceeds: prohibited from using those proceeds to repay the restricted funds.

Key Provisions
Prohibits using any Deep Water Horizon settlement proceeds to repay funds transferred from the Alabama Trust Fund or the General Fund Rainy Day Account.
Effective immediately following passage and governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: General Fund

Read for the first time and referred to the Senate committee on Finance and Taxation General Fund