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AL SB245
Bill
AI Summary
SB245 Summary
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Changes the baseline date for BRAC-related school facility projects from January 1, 2010 to January 1, 2006, expanding eligibility for affected school systems.
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Reduces the required average salary threshold for jobs attributable to 2005 BRAC from $85,000 to $80,000 per year.
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Removes the requirement that school districts must experience a sales tax rate increase to receive bond proceeds from the Public School and College Authority.
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Eliminates the provision allowing school districts to redirect existing taxes not currently dedicated to schools as an alternative qualification method for bond proceeds.
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Allows Jackson County and Marshall County to participate in the bond funding benefits available under the chapter.
Legislative Description
Public School and College Authorities, change baseline date, increase average salary, allow schools affected by closure of bases to receive proceeds from the authority, Secs. 16-16A-2, 16-16A-7, 16-16A-8 am'd
Economic Development
Last Action
Finance and Taxation Education first Amendment Offered
5/9/2012