§ 45-27-246.03 — Distribution of Funds to Escambia County General Fund

Alabama § 45-27-246.03

• Jurisdiction: Alabama
• Title 45: Local Laws
• Ch. 27: Escambia County
• Art. 24: Taxation
• Part 7: Tax, Severance
• Subpart 1: Severance Tax

Text

(a) An amount equal to 10 percent of the total of all net funds received by Escambia County after June 1, 1989, and distribution of funds as provided in Section 45-27-246, from a severance tax or privilege tax on oil and gas under any general law, including Sections 40-20-1 through 40-20-13, or any local law whatsoever, shall be deposited in the Escambia County General Fund.
(b) The provisions of this section shall become effective immediately upon the first receipt of funds by Escambia County pursuant to Sections 40-20-2 and 40-20-8.

Legislative History

(Act 82-744, 2nd Sp. Sess., p. 215, §4; Act 84-543, p. 1168, §1; Act 89-270, p. 424, §3.)