HB534 Alabama 2017 Session

Updated Feb 26, 2026

Notable

Summary

Primary Sponsor: Lynn Greer
Republican
Session: Regular Session 2017
Title: Lauderdale Co., gasoline and motor fuel tax, distrib. to Shoals Economic Development Authority, Sec. 45-39-92.53 am'd.
Summary: HB534 changes Lauderdale County's gasoline tax funding for the Shoals Economic Development Authority by tying its continuation to a voter vote after bonds are paid and, if abolished, directing tax proceeds to a county agriculture authority for loan pledges.
What This Bill Does
The gasoline and motor fuel taxes continue as long as the original securities for the Shoals Economic Development Project are outstanding; once those bonds are paid in full, continuation of the tax and the local public corporation depends on a majority vote of Lauderdale County residents. If the voters say Yes, the tax and the local public corporation stay in place; if they say No, the tax and the local public corporation are repealed and have no further effect. If the local public corporation is abolished, the tax proceeds are redirected to the Lauderdale County Agriculture Authority to be used as a pledge for a loan approved by that authority. The bill also restricts debt: the local public corporation may not increase debt beyond the balance owed as of May 12, 2005, and the tax may not be terminated while there is any outstanding loan payable from tax revenues. The election to continue the program is held with the next regularly scheduled state election.

Who It Affects
Lauderdale County residents and taxpayers, who will vote on whether the gasoline tax and its funding mechanism should continue after the original bonds are paid.
Shoals Economic Development Authority and its creditors, whose funding and ability to support the project could change depending on whether the tax continues or is redirected to other uses.

Key Provisions
Continuation of the tax and local public corporation depends on voter approval after the original securities are paid in full; a Yes vote keeps the program, a No vote repeals it.
Upon abolition of the Local Public Corporation, tax proceeds are redirected to the Lauderdale County Agriculture Authority for use as a pledge for a loan approved by that authority.
The local public corporation may not increase any outstanding debt or create new debt beyond the May 12, 2005 balance.
The tax may not be terminated while there is an outstanding loan payable from tax revenues.
Election for continuation is held in conjunction with the next regularly scheduled state election, with a specified ballot question, overseen by the Judge of Probate.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Lauderdale County