SB167 Alabama 2013 Session
Bill Summary
This bill would provide that any proceeds the State of Alabama receives from any monetary settlement resulting from the Deep Water Horizon oil spill shall be used to repay any funds transferred from the Alabama Trust Fund, the General Fund Rainy Day Account, or the Education Trust Fund Rainy Day Account to the General Fund or the Education Trust Fund; and would further require that 10 percent of the remaining proceeds of the monetary settlement shall be deposited into the Alabama Trust Fund
Relating to the Alabama Trust Fund, the Education Trust Fund Rainy Day Account, and the General Fund Rainy Day Account; to provide that any proceeds the State of Alabama receives from any monetary settlement resulting from the Deep Water Horizon oil spill shall be used to repay any funds transferred from the Alabama Trust Fund or the Rainy Day Accounts to the General Fund or the Education Trust Fund; and to further require that 10 percent of the remaining proceeds of the monetary settlement shall be deposited into the Alabama Trust Fund.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 7, 2013 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB167 Alabama 2013 Session - Introduced |