Alabama § 45-27-246.04 Distribution of Funds from Escambia County Courthouse and County Jail Trust Fund

Alabama Statutes

§ 45-27-246.04 — Distribution of Funds from Escambia County Courthouse and County Jail Trust Fund

Alabama § 45-27-246.04

JurisdictionAlabama

Title 45Local Laws

Ch. 27Escambia County

Art. 24Taxation

Part 7Tax, Severance

Subpart 1Severance Tax

This text of Alabama § 45-27-246.04 (Distribution of Funds from Escambia County Courthouse and County Jail Trust Fund) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 45-27-246.04 (2026).

Text

The funds received by Escambia County prior to June 1, 1989, from 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, and deposited in the county treasury designated as the Escambia County Courthouse and County Jail Trust Fund, shall be distributed as follows:

(1)All the interest from such investment shall be deposited in the county general fund.

(2)Up to five hundred thousand dollars ($500,000) of the principal shall be deposited in the county general fund.

(3)The remaining principal shall be deposited as principal into the Escambia County Oil and Gas Severance Trust as established in Subpart 2. The earned interest that is generated by this transfer of principal shall be expended according to the

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The funds received by Escambia County prior to June 1, 1989, from 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, and deposited in the county treasury designated as the Escambia County Courthouse and County Jail Trust Fund, shall be distributed as follows:
(1) All the interest from such investment shall be deposited in the county general fund.
(2) Up to five hundred thousand dollars ($500,000) of the principal shall be deposited in the county general fund.
(3) The remaining principal shall be deposited as principal into the Escambia County Oil and Gas Severance Trust as established in Subpart 2. The earned interest that is generated by this transfer of principal shall be expended according to the provisions of Subpart 2.