AL SB2

Proposes a constitutional amendment to authorize appropriations from the Alabama Trust Fund of up to $125,000,000 annually from fiscal year 2011 through 2018 for an eight-year road and bridge construction program, provided the Fund balance does not fall below $2 billion.

Allocates 75% of annual appropriations to the Department of Transportation for state highways, roads, and bridges distributed equally among Alabama's Senate districts, and 25% to counties and municipalities for new construction and maintenance/repair.

Requires 45% of county/municipal funds be distributed equally among all 67 counties and 55% be distributed based on population ratios according to the most recent federal census, with 10% of each county's allocation distributed to municipalities by population.

Appropriates $15,000,000 from the Alabama Trust Fund for fiscal year 2011 to the Department of Transportation for road construction directly accessing or adjacent to Redstone Arsenal.

Appropriates $40,000,000 from the Alabama Trust Fund to establish the Coastal Insurance Program Fund in the State Treasury, with funds to be expended by the Commissioner of Insurance to improve coastal insurance availability and affordability under rules and regulations subject to the Administrative Procedures Act.