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funds from Budget Stabilization Fund under certain conditions, Education Trust Fund Rolling Reserve Act, Sec. 40-1-32.1 repealed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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> 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.
</p>
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 |