SB371 Alabama 2012 Session

Updated Jul 25, 2021

SB371 Alabama 2012 Session

Senate Bill

Expired

Current Status

Regular Session 2012

Session

1

Sponsor

Summary

Primary Sponsor: Roger Bedford, Jr.
Democrat
Session: Regular Session 2012
Title: PACT Program, transfer of funds designated to Budget Stabilization Fund to PACT program in those years where program is unable to meet financial obligations, authorized, legislative intent re, Secs. 16-33C-16, 29-9-4 am'd
Description: Current law provides for appropriations to be made from the Education Trust Fund in future years to the PACT Trust Fund for the purpose of fully funding the PACT Program, the terms of which were amended in Act 2010-725.
This bill will provide that in any year in which the PACT Program is unable to meet the financial obligations mandated in Act 2010-725, an amount sufficient to off-set such shortfall shall be transferred to the PACT Program from any funds designated to be deposited into the Budget Stabilization Fund under the Code of Alabama 1975, Section 29-9-4.
Subjects: PACT Program

Bill Actions

Read for the first time and referred to the Senate committee on Finance and Taxation Education

Bill Text

Download Introduced PDF

Documents

Bill Text (Introduced) SB371 Alabama 2012 Session - Introduced

Source: Alabama Legislature