HB65 Alabama 2022 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2022
Title
Forever Wild Trust, carbon credits, receipts of funds provided for, const. amend.
Description
<p class="bill_description"> Existing law requires any income generated
from Forever Wild Land Trust property to be treated
as interest of the Alabama Trust Fund and be
credited to the State General Fund</p><p class="bill_description">
This bill would propose an amendment to the
Constitution of Alabama of 1901, to provide that
any income from carbon credits generated from the
management of Forever Wild forest resources would
be credited to the county general fund in which the
Forever Wild land is located</p><p class="bill_entitled_an_act"> Relating to the Forever Wild Trust Fund; to propose
an amendment to Section 9 of Amendment 543 of the Constitution
of Alabama of 1901, now appearing as Section 219.07 of the
Official Recompilation of the Constitution of Alabama of 1901,
as amended, to provide for the distribution of the income from
carbon credits generated from the management of Forever Wild
forest resources.
</p>
Subjects
Alabama Trust Fund
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| January 11, 2022 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB65 Alabama 2022 Session - Introduced |