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Panel advances bill to redirect surplus from Alabama First Century Fund to energy and economic programs
3152052 · April 29, 2025
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Summary
Committee considered legislation to reallocate surplus revenues from the Alabama First Century Fund toward energy infrastructure and economic development authorities, with formulas for transfers and preservation of debt service coverage.
Lawmakers reviewed a bill that would direct surplus revenue from the Alabama First Century Fund to energy infrastructure and related economic development programs.
A presenter described the measure as amending Alabama Code §401‑21‑629 to direct any First Century Fund revenues not used for debt service to the State…
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