Under existing law, any income generated from Forever Wild Land Trust property is required to be treated as interest of the Alabama Trust Fund and credited to the State General Fund.
This bill would propose a local constitutional amendment relating to Coosa County to require the Department of Conservation and Natural Resources to market carbon credits for at least 50 percent of all Forever Wild Land Trust property located in Coosa County and to provide that any income from carbon credits generated from the management of Forever Wild forest resources located in Coosa County would be credited to the General Fund of Coosa County.
Further Consideration
Chambliss motion to Carry Over adopted Voice Vote
Third Reading Carried Over
Singleton motion to Carry Over to the Call of the Chair adopted Voice Vote
Third Reading Carried Over to Call of the Chair
Singleton motion to Carry Over to the Call of the Chair adopted Voice Vote
Agriculture, Conservation and Forestry Amendment Offered
Read for the second time and placed on the calendar 1 amendment
Third Reading Carried Over to Call of the Chair
Read for the first time and referred to the Senate committee on Agriculture, Conservation and Forestry
Local Application adopted Roll Call 777
Motion to Read a Third Time and Pass adopted Roll Call 776
Third Reading Passed
Read for the second time and placed on the calendar
Rereferred from Calendar to LL
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on State Government
Source: Alabama Legislature