HB182 Alabama 2012 Session

Summary

Primary Sponsor

Craig Ford

Independent

Session

Regular Session 2012

Title

Education Trust Funds, repeal Education Trust Fund Rolling Reserve Act, reenact Education Trust Fund Proration Account, Sec. 40-1-32.1 reenacted; Act 2011-3, 2011 Reg. Sess., repealed

Description

This bill would repeal Act 2011-3, HB57, 2011 Regular Session, the Education Trust Fund Rolling Reserve Act, providing 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 and repealing Section 40-1-32.1, Code of Alabama 1975.

This bill would reenact Section 40-1-32.1, Code of Alabama 1975, providing for the Education Trust Fund Proration Account.

Subjects

Education Trust Fund