SB27 Alabama 2015 1st Special Session

Updated Jul 24, 2021

Summary

Primary Sponsor: Quinton Ross
Democrat
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.
Subjects: Deepwater Horizon Oil Spill

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