SB13 Alabama 2013 Session
Summary
- Primary Sponsor
-
Bryan TaylorRepublican - Co-Sponsors
- Arthur OrrDel MarshJimmy HolleyPaul BussmanJ.T. WaggonerTrip PittmanShadrack McGillGerald H. AllenPhillip W. WilliamsRusty GloverClay ScofieldDick Brewbaker
- Session
- Regular Session 2013
- Title
- Alabama Trust Fund, transfer of funds to State General Fund pursuant to const. amend., repayment required within certain timeframe, appropriation, People's Trust Act
- Description
Under Amendment to the Constitution of Alabama of 1901, $145,796,943 will be transferred from the Alabama Trust Fund to the State General Fund each year over three fiscal years beginning with the fiscal year ending September 30, 2013 and concluding with the fiscal year ending September 30, 2015. The amendment does not require the transferred funds to be repaid.
This bill would require the Legislature to repay all amounts transferred from the Alabama Trust Fund within ten (10) years following the fiscal year ending September 30, 2015 and providing for an appropriation in fiscal year ending September 30, 2026 from the State General Fund of any amount not repaid.
- Subjects
- Appropriations
Bill Actions
Pending third reading on day 4 Favorable from Finance and Taxation General Fund with 1 substitute
Indefinitely Postponed
Read for the second time and placed on the calendar with 1 substitute and
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Bill Text
Documents
Source: Alabama Legislature