SB13 Alabama 2016 1st Special Session Session

Summary

Primary Sponsor

Paul Sanford

Republican

Session

First Special Session 2016

Title

Hunting and fishing licenses, nonresidents enrolled in college or university, authorized to purchase resident licenses except for lifetime licenses, Sec. 9-11-73 added

Description

This bill would authorize the creation of the Alabama Economic Settlement Authority. This bill would authorize the Authority to issue bonds payable from revenues received from the settlement of certain claims of the State against BP Petroleum and Exploration, Inc. and would provide for the terms of the bonds and their sale. The bill would provide for the distribution of the proceeds of the bonds to provide funding for road projects throughtout the state, to provide the additional funding to the Medicaid Agency, to make deposits into the General Fund Rainy Day Account, and to deposit any remaining proceeds into the Alabama Trust Fund. This bill would also create a special fund entitled the “BP Settlement Fund” into which revenues from the settlement of economic damages claims against BP Petroleum and Exploration, Inc.

would be deposited, and would pledge and appropriate such revenues for the payment of the authority’s bonds.

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Subjects

Game and Fish