SB162 Alabama 2010 Session
Bill Summary
The Prepaid Affordable College Tuition program which was enacted in 1989 has provided an opportunity for the purchase of PACT contracts to provide for future college tuition payments to be made. The program has provided these payments for each year since inception. The PACT Board has suspended new entrants into the program and has expressed concerns about the ability to meet the contractual obligations for those participants still in the program. This bill will provide for a source of funding to help offset the shortfall if the assets of the program are insufficient to meet the obligations by appropriating funds from the Education Trust Fund as debt service from such fund declines
To provide for additional funds to be appropriated from the Education Trust Fund to the Prepaid Affordable College Tuition program beginning in the fiscal year ending September 30, 2014 and continuing into the fiscal year ending September 30, 2021 and to repeal Section 16-33c-9 Code of Alabama 1975 as amended relating to the disposition of funds upon the dissolution of the PACT Program.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 22, 2010 | Forwarded to Executive Department on April 22, 2010 | |
| April 22, 2010 | Assigned Act No. 2010-725. | |
| April 22, 2010 | Enrolled | |
| April 22, 2010 | Signature Requested | |
| April 22, 2010 | Second House Concurs in Executive Amendment | |
| April 22, 2010 | Ford motion to Concur In and Adopt adopted Roll Call 1152 | |
| April 22, 2010 | Ford motion to Table adopted Roll Call 1151 | |
| April 22, 2010 | Hall motion to Non Concur tabled | |
| April 22, 2010 | Ford motion to Concur In and Adopt offered | |
| April 22, 2010 | House of Origin Concurs in Executive Amendment | |
| April 22, 2010 | Little (T) motion to Concur In and Adopt adopted Roll Call 1217 | |
| April 22, 2010 | Executive Amendment Offered | |
| April 22, 2010 | Forwarded to Governor | |
| April 22, 2010 | Enrolled | |
| April 22, 2010 | Warren and Greeson intended to vote Yea | |
| April 22, 2010 | Signature Requested | |
| April 22, 2010 | Concurred in Conference Report | |
| April 21, 2010 | Ford motion to Concur In and Adopt Report of Committee on Conference adopted Roll Call 1126 | |
| April 21, 2010 | Ford motion to Table adopted Roll Call 1125 | |
| April 21, 2010 | Hall motion to Nonconcur tabled | |
| April 21, 2010 | Ford motion to Table adopted Roll Call 1124 | |
| April 21, 2010 | Knight motion to Carry Over Temporarily tabled | |
| April 21, 2010 | Ford motion to Table adopted Roll Call 1123 | |
| April 21, 2010 | Hall motion to Carry Over Until Specified Time tabled | |
| April 21, 2010 | Ford motion to Table adopted Roll Call 1122 | |
| April 21, 2010 | Knight motion to Nonconcur and Appoint Conference Committee tabled | |
| April 21, 2010 | Ford motion to Concur In and Adopt offered | |
| April 21, 2010 | Barron motion to Concur In and Adopt adopted Roll Call 1127 | |
| April 21, 2010 | Conference Report Concurrence Requested | |
| April 21, 2010 | Conference Committee on SB162 2010RS first Substitute Offered | |
| April 21, 2010 | Conference Report | |
| April 13, 2010 | Conference Committee Appointed | |
| April 13, 2010 | Ford motion to Accede adopted Roll Call 953 House appoints Ford, Rogers and Greeson | |
| April 13, 2010 | Conference Committee Requested | |
| April 13, 2010 | Little (T) motion to Non Concur and Appoint Conference Committee adopted Roll Call 1025 P&PO appoints Little (T), Little (Z) and Barron | |
| April 13, 2010 | Concurrence Requested | |
| April 8, 2010 | Hammon and Davis intended to vote Nay | |
| April 8, 2010 | Motion to Read a Third Time and Pass adopted Roll Call 888 | |
| April 8, 2010 | Ford motion to Table adopted Roll Call 887 | |
| April 8, 2010 | Ford motion to Table lost Roll Call 886 | |
| April 8, 2010 | Hubbard 2nd Amendment Offered | |
| April 8, 2010 | Ford motion to Table adopted Roll Call 885 | |
| April 8, 2010 | Hubbard 1st Amendment Offered | |
| April 8, 2010 | Motion to Adopt adopted Roll Call 884 | |
| April 8, 2010 | Education Appropriations first Substitute Offered | |
| April 8, 2010 | Third Reading Passed | |
| February 25, 2010 | Read for the second time and placed on the calendar with 1 substitute and | |
| February 16, 2010 | Read for the first time and referred to the House of Representatives committee on Education Appropriations | |
| February 16, 2010 | Engrossed | |
| February 11, 2010 | Motion to Read a Third Time and Pass adopted Roll Call 158 | |
| February 11, 2010 | Motion to Adopt adopted Roll Call 157 | |
| February 11, 2010 | Fiscal Responsibility and Accountability Amendment Offered | |
| February 11, 2010 | Third Reading Passed | |
| February 2, 2010 | Read for the second time and placed on the calendar 1 amendment | |
| January 12, 2010 | Read for the first time and referred to the Senate committee on Fiscal Responsibility and Accountability |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB162 Alabama 2010 Session - Enrolled |
| Bill Text | SB162 Alabama 2010 Session - Engrossed |
| Bill Text | SB162 Alabama 2010 Session - Introduced |