SB27 Alabama 2015 1st Special Session
Updated Jul 24, 2021
SB27 Alabama 2015 1st Special Session
Senate Bill
Expired
Current Status
First Special Session 2015
Session
1
Sponsor
Summary
- Primary Sponsor
-
Quinton RossDemocrat - 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
Bill Actions
S
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Bill Text
Documents
Source: Alabama Legislature