Alabama House Committee approves bill dividing BP oil spill settlement

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The Alabama House Budget Committee approved a bill Wednesday dividing the $20 billion settlement BP is scheduled to pay the state over 18 years for the 2010 BP oil spill in the Gulf of Mexico.

HB569 divides the funds to pay off state debts and as well as road projects in coastal Alabama counties.

The plan, sponsored by Ozard Republican Rep. Steve Clouse, would also help close the gap in next year’s Medicaid shortfall — freeing up $55 million of the necessary $85 million officials say is needed to maintain services across the state.

The bill moves forward to the full House for consideration, which could happen as early as Thursday.

 

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