HB308 Summary

• Proposes a constitutional amendment transferring sixteenth section and school indemnity lands located in the annexed portion of the Town of Eldridge to the Walker County Board of Education.

• Grants the Walker County Board of Education authority to manage, sell, lease, and control the transferred lands and any timber, minerals, or other natural resources on the property.

• Requires proceeds from land sales to be deposited in a trust account in Walker County, with annual interest distribution to the Walker County school system.

• Directs proceeds from timber, mineral, or natural resource sales and land leases to be paid directly to the Walker County Board of Education General Fund.

• Requires a statewide election in accordance with state law to ratify the amendment, with specific ballot language describing the proposed changes.