SB8 Summary

• Ad valorem tax proceeds distributed to the Randolph Health Care Authority must be used to fund pensions for individuals retired from the health care authority as of the bill's enactment date.

• Any remaining ad valorem tax proceeds after pension funding may be used at the discretion of the authority.

• The act becomes effective immediately upon passage and approval by the Governor.

• Bill passed the Alabama Senate on February 9, 2016 and the House of Representatives on February 17, 2016.