SB239 Alabama 2018 Session

Updated Feb 26, 2026

Notable

Summary

Primary Sponsor: Tim MelsonSenator
Republican
Session: Regular Session 2018
Title: Lauderdale Co., gas tax proceeds required to pay off debt obligations for Shoals Economic Development Project, Sec. 45-39-92.52 am'd.
Summary: Requires that all gasoline and motor fuel tax proceeds collected in Lauderdale County be used to pay debt and related costs for the Shoals Economic Development Project.
What This Bill Does
The bill amends section 45-39-92.52 to restrict the tax proceeds to Shoals Project–related uses, including highway-related costs, water/sewer/electric/gas services, property acquisition, development and construction, and debt service. It allows Lauderdale County to pledge those tax proceeds to securities and deposit them directly with the paying agent or trustee. It bars spending from the special fund or from securities proceeds on the Florence River Heritage Trail. It becomes effective on the first day of the third month after passage and governor approval.

Who It Affects
Lauderdale County Commission and county officials who must allocate the gasoline tax proceeds to Shoals Project debt and administration, and may pledge funds for debt service.
Holders of Shoals Economic Development Project securities and any local public corporations issuing those securities, who will have their debt paid from the pledged tax proceeds.

Key Provisions
Proceeds from the gasoline and motor fuel tax may be used only for Shoals Project–related costs, including construction, maintenance of highways, water and sewer and other services, real estate acquisition, development and improvement of the project, and related financing and administration.
The Lauderdale County Commission may pledge the tax proceeds to pay principal and interest on securities for the Shoals Project, and such pledge has the force of a contract between the county, any local public corporation, and the security holders.
If pledged, the tax proceeds may be deposited directly with the paying agent or trustee of the securities.
No money from the special fund or from the securities proceeds may be spent on the Florence River Heritage Trail.
The act becomes effective on the first day of the third month after it passes and the governor approves it.

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