HB65 Summary

• Proposes an amendment to the Alabama Constitution to redirect income from carbon credits generated by Forever Wild forest management from the state general fund to the county general fund where the forestland is located.

• Maintains existing law that other income from Forever Wild Land Trust property continues to be treated as interest of the Alabama Trust Fund and credited to the state general fund.

• Specifies the amendment applies to carbon credits or similar forestry carbon offsets generated from the management of Forever Wild forest resources.

• Requires the proposed amendment to be approved by a majority of qualified voters and calls for an election to be held in accordance with Alabama constitutional procedures and state election laws.

• Directs the election official to place the amendment on the ballot with a specific description of the measure followed by Yes/No voting options.