SB159 Alabama 2012 Session
Bill Summary
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
To 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 reenact Section 40-1-32.1, Code of Alabama 1975, providing for the Education Trust Fund Proration Account.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 7, 2012 | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB159 Alabama 2012 Session - Introduced |