SB450 Alabama 2011 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Arthur OrrSenator
Republican
Session: Regular Session 2011
Title: John L. Buskey Trust Fund Matching Act of 1993, providing for transfer of matching funds from Education Trust Fund and General Fund to the Penny Trust Fund for health care, repealed, Secs. 41-15A-10, 41-15A-11, 41-15A-12 repealed
Summary: SB450 repeals the John L. Buskey Trust Fund Matching Act of 1993, removing the requirement that Alabama provide a one-to-one state match to the Penny Trust Fund.
What This Bill Does
If enacted, the automatic state matching of funds to the Penny Trust Fund would be eliminated. The state would no longer be required by law to provide a one-to-one contribution to the Penny Trust Fund for monies deposited into it each fiscal year. The repeal takes effect on September 30, 2011.

Who It Affects
Penny Trust Fund: would no longer receive a mandatory state matching contribution.
State budget sources (Education Trust Fund and General Fund): no longer required by law to provide a one-to-one match to the Penny Trust Fund.

Key Provisions
Repeals Title 41, Chapter 15A, Article 2 of the Code of Alabama, known as the John L. Buskey Trust Fund Matching Act of 1993.
Effective date of the repeal: September 30, 2011.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Penny Trust Fund