SB418 Summary

• Proposes a constitutional amendment establishing a ten-year road and bridge construction program from fiscal year 2011 through 2020, appropriating up to $100 million annually from the Alabama Trust Fund based on net oil and gas capital payments.

• Distributes 75% of appropriations to the Department of Transportation for state highways and roads, with $1 million directed to the Alabama Shortline Railroad Infrastructure Rehabilitation Fund and remaining funds allocated to counties based on population ratios.

• Allocates 25% of appropriations to counties and municipalities for new construction and maintenance, split equally (45%) among all 67 counties and by population (55%), with 10% of county allocations distributed to municipalities within each county.

• Requires appropriations to maintain the Alabama Trust Fund's capital at $2 billion minimum, suspending distributions if the fund falls below that threshold, and mandates companies receiving contracts employ 50% of new hires from state unemployment rolls.

• Provides additional annual transfers (1% of cumulative appropriations) to Municipal and County Government Capital Improvement Funds from FY 2011 through 2020 to compensate for reduced interest earnings.