Alabama § 45-38-242 Disposition of Funds from Oil and Gas Severance Task

Alabama Statutes

§ 45-38-242 — Disposition of Funds from Oil and Gas Severance Task

Alabama § 45-38-242

JurisdictionAlabama

Title 45Local Laws

Ch. 38Lamar County

Art. 24Taxation

Part 3Tax, Severance

This text of Alabama § 45-38-242 (Disposition of Funds from Oil and Gas Severance Task) 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 § 45-38-242 (2026).

Text

(a)Of the proceeds of the oil and gas severance tax provided by Sections 40-20-1 through 40-20-13, which are distributed to the county General Fund of Lamar County, or to the general fund of any municipality therein, 10 percent of such proceeds shall be transferred to the county education department and shall be used as follows: Five percent shall be used for classroom supplies and equipment, which shall be in addition to any classroom support provided by the state, and five percent shall be used for the repair, renovation, or new construction of educational buildings or facilities, or for the purchase of new school buses.

(b)The five percent pledged for school supplies shall be distributed by the Lamar County Board of Education to the principal of each public school located within the c

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(a) Of the proceeds of the oil and gas severance tax provided by Sections 40-20-1 through 40-20-13, which are distributed to the county General Fund of Lamar County, or to the general fund of any municipality therein, 10 percent of such proceeds shall be transferred to the county education department and shall be used as follows: Five percent shall be used for classroom supplies and equipment, which shall be in addition to any classroom support provided by the state, and five percent shall be used for the repair, renovation, or new construction of educational buildings or facilities, or for the purchase of new school buses.
(b) The five percent pledged for school supplies shall be distributed by the Lamar County Board of Education to the principal of each public school located within the county on a per student basis.
(c) The principal of each school shall control/distribute the moneys received by the school as follows:
(1) Fifty percent of the money to each teacher based on the number of hours of instruction being presented by the teacher.
(2) Fifty percent of the money shall be expended in the manner selected by a majority vote of the principal, counselors, teachers, coaches, and librarian.
(3) Moneys allocated in subdivision (1) can be transferred between teachers as needed by written consent of the teacher losing the funds.
(d) All unspent money allocated under subdivision (1) shall be resubmitted to the principal and the principal shall resubmit the money to the board of education. The teacher shall submit receipts of all expenditures to the principal and the principal shall present the receipts to the board of education. The board of education shall make an accounting of all the money.
(e) All unspent money under subdivision (2) shall be resubmitted by the principal of the school to the board of education. The principal shall present receipts to the board of education for all expenditures. The board of education shall make an accounting of all the money provided in subdivision (1) and subdivision (2).
(f) All unspent money returned to the board of education shall be used for repair, renovation, or construction of educational buildings or facilities or for the purchase of new school buses.
(g) Of the proceeds of the oil and gas severance tax provided by Sections 40-20-1 through 40-20-13, 25 percent of such proceeds which are distributed to the county General Fund of Lamar County shall be transferred to the Lamar County Education Department for capital improvement and shall be used for the repair, renovation, or new construction of educational buildings or facilities, or for the payment of principle of and interest on obligations of the county board of education issued for such purposes.