HB569 Alabama 2016 Session

Summary

Primary Sponsor

Steve Clouse Representative

Republican

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.

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Subjects

Authorities