HB565 Summary

• Proposes a constitutional amendment authorizing Alabama to issue up to $85,000,000 in general obligation bonds for improvement, renovation, construction, and maintenance of state parks under the Department of Conservation and Natural Resources and historical sites under the Alabama Historical Commission.

• Creates the Alabama State Parks Enhancement Authority to issue and manage the bonds, with proceeds designated for $80,000,000 for state parks and $5,000,000 for public historical sites and parks.

• Prohibits use of bond proceeds for Confederate Memorial Park in Marbury by the Alabama Historical Commission.

• Allocates any bond proceeds exceeding $85,000,000 from original issue premiums to the Alabama Forestry Commission for state forest improvements and maintenance.

• Election on the proposed amendment scheduled for the 2022 statewide primary election, with bonds exempt from state taxation except inheritance, estate, and gift taxes.