HB562 Alabama 2012 Session

Updated Jul 25, 2021

House Bill

Expired

Current Status

Regular Session 2012

Session

Sponsor

Summary

Primary Sponsor: Jim Barton
Republican
Session: Regular Session 2012
Title: Children First Trust Fund, appropriations from for fiscal year ending September 30, 2012, use of allocation pursuant to Section 41-15B-2.2 and this act, tobacco settlement revenues deposited in fund within 30 days of receipt, Finance Director to notify each agency of allocation, appropriations conditional on tobacco revenues, appropriation of additional tobacco settlement funds, audit, Children's Affairs Department to report to Legislature and Children's Policy Council
Description: Under existing law, Children First Trust Fund programs are required to be funded through a separate appropriation in a separate act.
This bill would make an appropriation of $41,045,827 from the Children First Trust Fund for the fiscal year ending September 30, 2013, to the entities and for the purposes designated in Section 41-15B-2.2, Code of Alabama 1975.
This bill would provide for the deposit of tobacco settlement revenues into the Children First Trust Fund, would require the State Director of Finance to notify each agency in writing of the amount of each agency's anticipated allocation, would require quarterly allocation to each agency, and would condition allocations upon the receipt of tobacco funds.
This bill would make an appropriation of $45,084,505 from other tobacco settlement funds for the fiscal year ending September 30, 2013.
This bill would also make a conditional appropriation and allocation of any additional tobacco revenue on recommendation of the Director of Finance, the Chairman of the House Ways and Means General Fund Committee and the Chairman of the Senate Finance and Taxation-General Fund Committee, and approval of the Governor.
This bill would also allow for the transfer of ending cash balances from one agency to another within the Children First Trust Fund.
Subjects: Children First Trust Fund