HB626 Summary

• Proposes a constitutional amendment transferring all sixteenth section and school lands in Cullman County from state control to the Cullman County Board of Education.

• Authorizes the Cullman County Board of Education to manage, sell, lease, and control the lands and any timber, minerals, or other natural resources.

• Distributes proceeds from land sales as 90% to a county trust account and 10% to the Board of Education General Fund.

• Directs proceeds from timber, mineral, or natural resource sales and land leases directly to the Cullman County Board of Education General Fund.

• Allocates annual interest earnings from deposited funds to Cullman County and Cullman City school systems based on student enrollment ratios, recalculated every five years.