SB406 Alabama 2012 Session

Updated Jul 25, 2021

Summary

Primary Sponsor: George M. “Marc” Keahey
Democrat
Session: Regular Session 2012
Title: Penny Trust Fund (PTF), Comptroller authorized to transmit funds from PTF to State Board of Education, Secs. 41-15A-2, 41-15A-6 am'd
Description: This bill would amend Section 41-15A-2 of the Code of Alabama 1975, to authorize the Comptroller to transmit funds from the Penny Trust Fund to the Department of Public Health upon the application of the State Health Officer and to the State Board of Education upon the application of the State Superintendent of Education; would clarify uses of the funds; would appropriate earnings from the Penny Trust Fund for the purposes authorized by Amendment 512 of the Constitution of Alabama of 1901; and would amend Section 41-15A-6 of the Code of Alabama 1975, to define earnings and to modify the duties of the Board of Control of the Penny Trust Fund.
Subjects: Education, State Board

Indefinitely Postponed

Read for the second time and placed on the calendar

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