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AL SB392
Bill
Status
Introduced
4/4/2013
Primary Sponsor
George Keahey
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AI Summary
- Prohibits any proceeds Alabama receives from monetary settlements or legal actions related to Deep Water Horizon oil spill economic damages from being used to repay funds transferred from the Alabama Trust Fund or General Fund Rainy Day Account
- Applies to all monetary settlements and legal dispositions associated with economic damages from the Deep Water Horizon oil spill
- Becomes effective immediately upon passage and approval by the Governor or upon otherwise becoming law
Legislative Description
Monetary Settlement, oil spill- Deep Water Horizon, use of settlement to repay Alabama Trust Fund and Rainy Day account, prohibited, deposit into General Fund
General Fund
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
4/4/2013
Committee Referrals
Finance and Taxation General Fund4/4/2013
Full Bill Text
No bill text available