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
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
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.
|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||HB65 Alabama 2022 Session - Introduced|