SB333 Alabama 2020 Session

Sponsors

Session

Regular Session 2020

Title

Rebuild Alabama Act, portion of proceeds redistributed for small business stimulus fund, const. amend.

Description

<p class="bill_description"> Under existing law, certain funds derived from fees and taxes relating to the licensing, use, and operation of motor vehicles and motor vehicle fuels may only be used for the construction, maintenance, and repair of public highways and bridges, and for costs related to traffic regulation and enforcement</p><p class="bill_description"> This bill would propose an amendment to Amendment 93, as amended by Amendment 354, to the Constitution of Alabama of 1901, now appearing as Section 111.06 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, to allow the Legislature to distribute any motor fuel excise taxes levied under the “Rebuild Alabama Act” Act 2019-2, 2019 First Special Session, to the Department of Commerce for a small business stimulus fund for a period of two years after the ratification of the amendment, after which time it would revert back to its original purpose under general law. The department shall promulgate rules on how monies in the small business stimulus fund will be distributed</p><p class="bill_entitled_an_act"> To propose an amendment to Amendment 93, as amended by Amendment 354, to the Constitution of Alabama of 1901, now appearing as Section 111.06 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, , to allow the Legislature to distribute any motor fuel excise taxes levied under the “Rebuild Alabama Act” Act 2019-2, 2019 First Special Session, to the Department of Commerce for a small business stimulus fund. </p>

Subjects

Constitutional Amendments