Loading chat...
AL HB251
Bill
Status
1/14/2010
Primary Sponsor
Barry Mask
Click for details
AI Summary
HB251 Summary
-
Amends Section 40-13-6 of the Code of Alabama 1975 to eliminate designated transfers from the Alabama State Docks Bulk Handling Facility Trust Fund, with the exception of transfers to the State General Fund.
-
Removes transfers previously allocated to the Alabama Mining Academy, Tuscaloosa County General Fund, Jefferson County General Fund, Walker County Economic and Industrial Development Authority, Community Development Foundation, Inc., Marion County Community Development Association, Inc., West Alabama Development Association of Fayette County, Jackson County Economic Development Association, and West Alabama Economic Development Association.
-
Directs all remaining severance tax proceeds in the trust fund (after transfer to Alabama State Docks Department for operational deficiencies) to be credited to the State General Fund instead of multiple entities.
-
Takes effect immediately upon passage and approval by the Governor, or upon otherwise becoming law.
Legislative Description
State Docks Bulk Handling Facility Trust Fund, excess funds, all transfers removed except transfer to General Fund, Sec. 40-13-6 am'd.
State Docks
Last Action
Read for the first time and referred to the House of Representatives committee on Government Appropriations
1/14/2010