SB121 Alabama 2011 Session

In Committee

Bill Summary

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funds from Budget Stabilization Fund under certain conditions, Education Trust Fund Rolling Reserve Act, Sec. 40-1-32.1 repealed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

Bill Actions

Action Date	Chamber	Action
March 1, 2011		Read for the first time and referred to the Senate committee on Finance and Taxation Education

Bill Text

Download SB121 Alabama 2011 Session PDF

Bill Documents

Type	Link
Bill Text	SB121 Alabama 2011 Session - Introduced