SB392 Alabama 2013 Session
In Committee
Bill Summary
Sponsors
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
Description
This bill would prohibit 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 from being used to repay any funds transferred from the Alabama Trust Fund and the General Fund Rainy Day Account
Relating to the Alabama Trust Fund, and the State General Fund; to prohibit 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 from being used to repay any funds transferred from the Alabama Trust Fund or the Rainy Day Accounts to the General Fund.
Subjects
General Fund
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 4, 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 | SB392 Alabama 2013 Session - Introduced |