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SB426 Alabama 2013 Session

Updated Jul 24, 2021
SB426 Alabama 2013 Session
Senate Bill
Expired
Current Status
Regular Session 2013
Session
3
Sponsors

Summary

Primary Sponsor
Gerald H. Allen Senator
Republican
Co-Sponsors
Arthur OrrTrip Pittman
Session
Regular Session 2013
Title
Foundation for Local Schools, dissolved and monies disbursed to local schools and trust accounts, Secs. 16-26C-1 to 16-26C-13 repealed
Description

Under existing law, the Foundation for Local Schools was created by legislative act as a public corporation to accept and invest private donations for the enhancement of public K-12 schools.

Also, existing law requires, upon dissolution of the foundation, for monies in the accounts of various school systems to be disbursed to local school systems and monies remaining in various participating trusts to be returned in whole to the treasurer of each applicable trust fund.

This bill would dissolve the foundation and provide for the disbursement of the funds held in the accounts of the foundation.

Subjects
Foundation for Local Schools

Bill Actions

S

Indefinitely Postponed

S

Read for the second time and placed on the calendar

S

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

Bill Text

Download Introduced PDF

Documents

Bill Text (Introduced) SB426 Alabama 2013 Session - Introduced

Source: Alabama Legislature