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AL SB282
Bill
Status
3/18/2015
Primary Sponsor
Bill Hightower
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AI Summary
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Creates the Alabama Gulf Coast Sand Restoration Trust Fund to be administered by the Department of Conservation and Natural Resources.
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Requires funds received from the sale of sand from two deposits located 2.5 miles offshore in the Gulf of Mexico at the west end of Dauphin Island to be deposited into the trust fund.
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Directs the State Treasurer to invest trust fund money, with all interest earned credited to the fund and distributed by the department to Mobile County for maintenance and preservation of waterways and beaches.
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Specifies that money remaining in the trust fund at year-end shall not revert to the General Fund or any other state fund but shall remain in the trust fund.
Legislative Description
Gulf Coast Sand Restoration Trust Fund, created, administration by the Department of Conservation and Natural Resources, distribution of interest earned
Water and Waterways
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
3/18/2015