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AL SB287
Bill
Status
5/20/2013
Primary Sponsor
Phillip Williams
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AI Summary
SB287 Summary
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Transfers tobacco settlement revenues received in fiscal year 2013 from the dispute with Participating Manufacturers over Non-Participating Manufacturer adjustment under the Master Settlement Agreement to the State General Fund
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Allocates up to $50,000,000 of transferred revenues for expenditure in fiscal year ending September 30, 2014
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Appropriates $1,000,000 to the University of South Alabama in fiscal year 2013 as partial satisfaction of funds owed to the university from the State of Alabama pursuant to the December 20, 1999 tobacco litigation settlement
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Voids the appropriation for such purposes previously provided in Act 2012-600
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Becomes effective immediately upon passage and Governor approval
Legislative Description
Tobacco master settlement, transfer of funds to State General Fund, portion appropriated to University of South Alabama
Appropriations
Last Action
Conference Committee on SB287 2013RS first Substitute Offered
5/20/2013