HB734 Alabama 2012 Session

Updated Feb 27, 2026

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Summary

Primary Sponsor: Jay Love
Republican
Session: Regular Session 2012
Title: Foundation Program and Postsecondary Education, supplemental appropriation
Summary: HB734 transfers $40 million from the Education Trust Fund to the Budget Stabilization Fund for the 2012 fiscal year and ensures the money does not lapse that year.
What This Bill Does
It appropriates $40,000,000 from the Education Trust Fund to the Budget Stabilization Fund for the fiscal year ending September 30, 2012. It prevents any part of this appropriation from reverting or lapsing at the end of the 2012 fiscal year, despite other laws. It repeals conflicting laws and takes effect immediately upon the governor's signature.

Who It Affects
Education Trust Fund (source of the money) — provides $40 million to the Budget Stabilization Fund, reducing funds available for other purposes in the ETF for that year.
Budget Stabilization Fund (destination) — receives $40 million and keeps it available through the end of FY 2012 without lapse.

Key Provisions
Section 1: $40,000,000 is appropriated from the Education Trust Fund to the Budget Stabilization Fund for the fiscal year ending September 30, 2012.
Section 2: The appropriation shall not revert or lapse at the end of the 2012 fiscal year, notwithstanding other laws, including SB 318 Section 10.
Section 3: Any laws or parts of laws that conflict with this act are repealed.
Section 4: The act becomes effective immediately upon passage and approval by the Governor.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Appropriations