(a) The Renewing Coal-Impacted Communities Act Fund is created within the State Treasury to provide grant funds to local development organizations for the purpose of improving economic and workforce development in coal-impacted communities. The fund shall be administered by the department and shall be comprised of revenues received from rent and royalties derived from federal coal lease sales in the state beginning after January 1, 2027, or allocated by the Legislature from other funds for the purposes of this chapter. Amounts deposited into the fund shall be budgeted and allotted in accordance with Sections 41-4-80 through 41-4-96 and Sections 41-19-1 through 41-19-12. All funds received into the fund shall remain in the fund and not revert or be expended for any other purposes other than those set out in this chapter. (b) The department may retain up to 10 percent of the total funds allocated for the Coal-Impacted Communities Economic and Workforce Development Grant Program for actual expenses relating to administering the program and conducting financial audits. Members of the advisory committee shall serve without compensation but may be reimbursed for expenses incurred for the performance of official advisory committee duties, including expenses incurred in attending meetings or otherwise conducting advisory committee business. Reimbursement shall be made in accordance with the per diem and travel expense rates authorized for state officers and employees under applicable state law and any rules or policies adopted pursuant thereto.
‹ Prev All Alabama sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.