HB360 Alabama 2016 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Deepwater Horizon Oil Spill Disaster Settlements, creaton of authority by Legislature required to issue bonds for certain purposes, Alabama Strategic Investment Initiative, const. amend.
Description
<p class="bill_description"> This proposed amendment shall be known as
the Alabama Strategic Investment Initiative</p><p class="bill_description">
This bill would propose an amendment to the
Constitution of Alabama of 1901, to provide for the
distribution and use of certain payments received
by the state from settlements and other monies</p><p class="bill_description">
The proposed amendment also would require
the Legislature to enact legislation creating an
authority to issue revenue bonds using any
Deepwater Horizon Oil Spill Disaster Settlement to
fund the bond payments and require distribution of
amounts from such bond issuance for certain
purposes</p><p class="bill_entitled_an_act"> Proposing an amendment to the Constitution of
Alabama of 1901, to provide for the distribution and
appropriations of payments from settlements and other monies;
and to authorize the issuance of revenue bonds using any
Deepwater Horizon Oil Spill Disaster Settlement monies.
</p>
Subjects
Constitutional Amendments
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 1, 2016 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB360 Alabama 2016 Session - Introduced |