HB490 Alabama 2015 Session
Summary
- Primary Sponsor
-
Steve Clouse RepresentativeRepublican - Session
- Regular Session 2015
- Title
- People's Trust Act, repayment schedule revised, Sec. 29-10-1 am'd.
- Description
Under Act 2013-6, The People's Trust Act, the Legislature is required to repay all amounts transferred from the Alabama Trust Fund to the State General Fund pursuant to Amendment 856 to the Constitution of Alabama of 1901 by not later than September 30, 2026 based on a schedule of minimum cumulative amounts that must be repaid at the end of each fiscal year between the fiscal year ending September 30, 2014 and the fiscal year ending September 30, 2026.
This bill would revise the repayment schedule for the People's Trust Act to provide the repayment by not later than September 30, 2027.
- Subjects
- Alabama Trust Fund
Bill Actions
Indefinitely Postponed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
Bill Text
Documents
Source: Alabama Legislature