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Alabama SB 290

Alabama SB 290

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Published by George Talbot
Sen. Paul Sanford bill to use BP money to repay Alabama Trust Fund
Sen. Paul Sanford bill to use BP money to repay Alabama Trust Fund

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Published by: George Talbot on Mar 19, 2013
Copyright:Attribution Non-commercial


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1SB2902149105-33By Senator Sanford4RFD: Finance and Taxation General Fund5First Read: 05-MAR-13Page 0
1149105-3:n:02/28/2013:JET/tj LRS2013-987R22345678SYNOPSIS: This bill would provide that any proceeds9the State of Alabama receives from any monetary10settlement or legal disposition associated with11economic damages resulting from the Deep Water12Horizon oil spill shall be used to repay any funds13transferred from the Alabama Trust Fund and the14General Fund Rainy Day Account and would further15require the remaining proceeds shall be deposited16into the Alabama Trust Fund.1718A BILL19TO BE ENTITLED20AN ACT2122Relating to the Alabama Trust Fund, and the General23Fund Rainy Day Account; to provide that any proceeds the State24of Alabama receives from any monetary settlement or legal25disposition associated with economic damages resulting from26the Deep Water Horizon oil spill shall be used to repay any27funds transferred from the Alabama Trust Fund or the Rainy DayPage 1

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