SB231 Alabama 2015 Session
Bill Summary
This bill would propose an amendment to the Constitution of Alabama of 1901, to create the Alabama Legacy Trust Fund
The proposed amendment would require the Alabama Trust Fund Board of Trustees to administer the fund
The proposed amendment provides for the distribution of certain payments received by the state from settlements and other monies
The proposed amendment also provides that trust capital be held in perpetual trust and provides for the distribution of trust income
Proposing an amendment to the Constitution of Alabama of 1901, to create the Alabama Legacy Trust Fund; to provide for the distribution of payments from settlements and other monies; to provide for the holding of trust capital in perpetual trust; and to provide for the distribution of trust income.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| June 3, 2015 | S | Indefinitely Postponed |
| May 28, 2015 | S | Further Consideration |
| May 28, 2015 | S | Hightower motion to Carry Over to the Call of the Chair adopted Voice Vote |
| May 28, 2015 | S | Finance and Taxation General Fund Amendment Offered |
| May 28, 2015 | S | Third Reading Carried Over to Call of the Chair |
| April 2, 2015 | S | Read for the second time and placed on the calendar with 1 substitute and 1 amendment |
| March 12, 2015 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | April 1, 2015 | Room 727 at 09:30 | Senate F&TG Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB231 Alabama 2015 Session - Introduced |