SB27 Alabama 2015 1st Special Session
In Committee
Bill Summary
Sponsors
Session
First Special Session 2015
Title
Deepwater Horizon Oil Spill Disaster Settlement, distribution of funds to relieve certain debt of the state and remaining funds transferred to the State General Fund
Description
This bill provides for the distribution of payments allocated to the state for economic damages from the Deepwater Horizon Oil Spill Disaster Settlement to the Education Trust Fund
This bill also requires that payments from the settlement be classified as nonrecurring revenues for purposes of calculating the annual Education Trust Fund Appropriation Cap, pursuant to the Education Trust Fund Rolling Reserve Act
To provide for the distribution of payments allocated to the state for economic damages from the Deepwater Horizon Oil Spill Disaster Settlement; and to classify payments received by the Education Trust Fund as "Nonrecurring Revenue."
Subjects
Deepwater Horizon Oil Spill
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| August 3, 2015 | 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 | SB27 Alabama 2015 1st Special Session - Introduced |