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AL SB290

Bill

Official Source

Status

Introduced

3/5/2013

Primary Sponsor

Paul Sanford

Click for details

Origin

Senate

Regular Session 2013

AI Summary

  • Proceeds from any monetary settlement or legal disposition related to Deep Water Horizon oil spill economic damages shall be used to repay funds previously transferred from the Alabama Trust Fund or General Fund Rainy Day Account to the General Fund
  • Any remaining proceeds after repayment shall be deposited into the Alabama Trust Fund
  • The act becomes effective on the first day of the third month following passage and approval by the Governor, or upon otherwise becoming law

Legislative Description

Alabama Trust Fund, Deep Water Horizon proceeds to be used to repay transfer of fund from the Alabama Trust Fund

Alabama Trust Fund

Last Action

Indefinitely Postponed

5/7/2013

Committee Referrals

Finance and Taxation General Fund3/5/2013

Full Bill Text

No bill text available