HB57 Alabama 2011 Session

Sponsors

Session

Regular Session 2011

Title

Education Trust Fund, appropriations in education budget act capped, Budget Stabilization Fund, Capital Fund, established, transfer of certain funds to Education Trust Fund Rainy Day Account, transfer of funds from Budget Stabilization Fund under certain conditions, Education Trust Fund Rolling Reserve Act, Sec. 40-1-32.1 repealed

Description

Under current law, there is no maximum amount that may be appropriated annually from the Education Trust Fund. Appropriations are based on estimates of the amount of revenue that will be available from all revenue sources to the Education Trust Fund.

This bill provides for the maximum amount that may be appropriated annually from the Education Trust Fund; and provides for the establishment and operation of a budget stabilization fund and a capital fund for the Education Trust Fund.

To provide for the maximum amount that may be appropriated annually from the Education Trust Fund; and to provide for the establishment and operation of a budget stabilization fund and a capital fund for the Education Trust Fund.

Subjects

Education Trust Fund