HB569 Alabama 2016 Session
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Bill Summary
Sponsors
Session
Regular Session 2016
Title
Economic Settlement Authority, created, issuance of bonds by authority payable from revenue from settlement of BP Oil Spill for capital improvements and deposit into certain funds, BP Settlement Fund created
Description
This bill would provide for the distribution of any payments allocated to the state for economic damages from the Deepwater Horizon Oil Spill Disaster Settlement to relieve certain debt of the state. Subsequently, any remaining funds would be deposited into a trust fund designated to hold such funds or the State General Fund.
Providing for the distribution of any payments allocated to the state for economic damages from the Deepwater Horizon Oil Spill Disaster Settlement.
Subjects
Authorities
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB569 Alabama 2016 Session - Introduced |
Source: Alabama Legislature