HB276 Alabama 2010 Session

Updated Jul 26, 2021

Summary

Primary Sponsor: Barbara Bigsby BoydRepresentative
Democrat
Co-Sponsors: Robert Bentley H. Mac Gipson Todd Greeson Jeremy Oden James C. Fields Butch Taylor Richard Lindsey James E. Buskey Jody Letson Yvonne Kennedy Betty Carol Graham Randy Hinshaw John W. Rogers
Session: Regular Session 2010
Title: Education Appropriations Act for fiscal year ending September 30, 2010, debt service on certain bonds, funding from Capital Improvement Trust Fund reduced, funding from Education Trust Fund increased, supplemental appropriation for debt service on certain Public School and College Authority bond swaps, appropriation to state agencies for fiscal year ending September 30, 2009, reappropriated, certain food stamp funds not to revert from Human Resources Department, use for child care, Act 2009-339, 2009 Reg. Sess. am'd.
Summary: HB276 would shift GO Bond 2005-A funding from the Capital Improvement Trust Fund to the Education Trust Fund, cap fund reversions to the Education Trust Fund, and redirect excess money to the Department of Human Resources, while updating debt service and related allocations for FY 2010.
What This Bill Does
If enacted, it moves funding for GO Bond 2005-A from the Capital Improvement Trust Fund to the Education Trust Fund. It also limits how much money DHHR can revert back to the Education Trust Fund and requires any excess to be reappropriated to DHHR. The bill reappropriates unspent FY2009 funds to state offices for FY2009-10, sets a cap on Food Stamp Program fund reversions to the ETF (11,028,645 for FY2010), and directs any excess to subsidized child care slots; it also provides for debt service payments and related costs on various bonds and endowments and allows swaptions-related payments to be made like other debt service.

Who It Affects
Education Trust Fund and Capital Improvement Trust Fund — funding source changes for GO Bond 2005-A, affecting how debt service is paid.
Department of Human Resources — the amount that can revert to the ETF is capped; any excess funds are reappropriated to DHHR.
Public School and College Authority and related bond instruments (including swaptions) — debt service payments and related costs are addressed, with some payments treated as debt service.
Food Stamp Program administered by DHHR — cap on fund reversions to ETF and directive that excess funds be used for subsidized child care slots.

Key Provisions
Change GO Bond 2005-A funding source from the Capital Improvement Trust Fund to the Education Trust Fund for debt service.
Limit the amount of funds that may be reverted to the Education Trust Fund by the Department of Human Resources; any excess funds must be reappropriated to the Department of Human Resources.
Reappropriate unexpended FY2009 appropriations to the appropriate state offices for FY2009-10; cap reversions from Food Stamp Program funds to the ETF at $11,028,645 for FY2010 and direct any remaining funds to subsidized child care slots.
Provide and designate funds for debt service on specified GO bonds and endowments; authorize payments related to Public School and College Authority swaptions and associated costs; allow APSCA 2009-D Fees and Expenses Fund to pay necessary bond-related costs; effective immediately upon passage.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Appropriations--Education Appropriations Act