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funds from Budget Stabilization Fund under certain conditions, Education Trust Fund Rolling Reserve Act, Sec. 40-1-32.1 repealed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
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB121 Alabama 2011 Session - Introduced |