SB90 Alabama 2013 Session

Summary

Primary Sponsor

Paul Sanford

Republican

Co-Sponsor

Scott Beason

Session

Regular Session 2013

Title

Alabama Recurring Revenue Fund, established, to receive certain percentages of recurring revenue sources of the Education Trust Fund and the State General Fund

Summary

SB90 creates a separate Alabama Recurring Revenue Fund to collect recurring revenues for the Education Trust Fund and the State General Fund and distributes them monthly (78% to ETF, 22% to SGF), with a safeguard to match pre-enactment income tax receipts.

What This Bill Does

The bill creates the Alabama Recurring Revenue Fund as a separate fund in the state treasury. Recurring revenues dedicated for the Education Trust Fund and the State General Fund are deposited into this new fund. Every month, 78% of those receipts go to the Education Trust Fund and 22% go to the State General Fund. The Department of Revenue must certify that ETF’s monthly distribution is at least as large as the income tax receipts that would have been deposited before the bill.

Who It Affects

• Education Trust Fund (ETF) would receive 78% of monthly recurring revenues distributed from the new Alabama Recurring Revenue Fund.
• State General Fund (SGF) would receive 22% of monthly recurring revenues distributed from the new Alabama Recurring Revenue Fund.

Key Provisions

• Establishes the Alabama Recurring Revenue Fund as a separate fund in the State Treasury.
• Initial deposits consist of all recurring revenues dedicated for the Education Trust Fund and the State General Fund.
• Provides monthly distributions: 78% to the Education Trust Fund and 22% to the State General Fund.
• Requires the Department of Revenue to certify that ETF's monthly distribution is at least equal to the income tax receipts that would have been deposited prior to the act.
• Defines recurring revenue and nonrecurring revenue for the purposes of the act.
• States the act does not affect the Education Trust Fund Rolling Reserve Act and that distributions are treated as recurring revenues for budget purposes.
• Repeals all laws or parts of laws that conflict with SB90.
• Effective date: October 1, 2013.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Appropriations