Text of AL SB 1 (2016)

1 SB1 2 178025-1 3 By Senator Dial (N & P) 4 RFD: Local Legislation 5 First Read: 15-AUG-16 Page 0 1 178025-1:n:05/04/2016:JMH/th LRS2016-1659 2 3 4 5 6 7 8 9 A BILL 10 TO BE ENTITLED 11 AN ACT 12 13 Relating to Randolph County; to repeal Act 2001-425 14 of the 2001 Regular Session (Acts 2001, p. 541), establishing 15 the Randolph County Industrial Development Council; to provide 16 for the distribution to the county commission of the funds of 17 the council including certain tobacco tax proceeds distributed 18 to the council; and to authorize the county commission to use 19 the funds to make payments due on the indebtedness of the 20 council. 21 BE IT ENACTED BY THE LEGISLATURE OF ALABAMA: 22 Section 1. Act 2001-425 (Acts 2001, p. 541), of the 23 2001 Regular Session, establishing the Randolph County 24 Industrial Development Council, is repealed. 25 Section 2. On the effective date of this act, all 26 funds of the Randolph County Industrial Development Council, 27 including, but not limited to, that portion of the additional Page 1 1 tobacco tax levied pursuant to Act 2003-213 (Acts 2003, p. 2 541), and distributed to the council pursuant to subsection 3 (a) of Section 6 of that act, shall be placed in a fund in the 4 office of the county commission and may be used by the 5 commission to make payments on indebtedness incurred by the 6 council until the Legislature establishes a new industrial 7 development council in the county. 8 Section 3. This act shall become effective on the 9 first day of the third month following its passage and 10 approval by the Governor, or its otherwise becoming law. Page 2