SB32 Alabama 2015 1st Special Session

Summary

Primary Sponsor

Arthur Orr Senator

Republican

Session

First Special Session 2015

Title

Alabama Trust Fund, General Fund Rainy Day Account repayment, bond issue, $800,000,000, authorized, const. amend.

Description

This bill proposes an amendment to the Constitution of Alabama of 1901 to authorize the state to issue up to $800,000,000 in bonds for the purpose of repaying amounts due to the Alabama Trust Fund and the General Fund Rainy Day Account and for capital improvements. The amendment would also authorize the state to guarantee bonds issued by a state authority created for those purposes.

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Subjects

Constitutional Amendments