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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Alabama Senate approves $1 bln road program

Posted on 12 March 2010

From Businessweek.com: Barron’s bill would take $100 million per year for 10 years from a state savings account called the Alabama Trust Fund. The trust fund receives royalties from natural gas wells drilled in state-owned waters along the Alabama coast and usually receives more than $100 million each year.

The trust fund currently has $2.5 billion. The annual withdrawals in Barron’s bill would end if the trust fund dropped below $2 billion……………………….Full Article: Source

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