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AL HB173
Bill
Status
2/9/2016
Primary Sponsor
David Sessions
Click for details
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 from the state's 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 the trust fund, with all interest earned distributed by the department to Mobile County for maintenance and preservation of waterways and beaches.
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Specifies that trust fund money shall not revert to the General Fund or any other state fund at the end of any year, but shall remain in the trust fund.
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Becomes effective immediately upon passage and approval by the Governor.
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
Indefinitely Postponed
4/28/2016