HB232 Alabama 2014 Session

Updated Feb 26, 2026

Notable

Summary

Primary Sponsor: Steve ClouseRepresentative
Republican
Session: Regular Session 2014
Title: Alabama 21st Century Fund, one-time transfer of available funds to the State General Fund, Sec. 41-10-629 am'd.
Summary: HB232 would make a one-time transfer of $20 million from the Alabama 21st Century Fund to the State General Fund for fiscal year 2015.
What This Bill Does
The bill amends Section 41-10-629 to authorize a one-time transfer of $20,000,000 from the Alabama 21st Century Fund to the State General Fund for FY2015. The Alabama 21st Century Fund is a tobacco-revenue funded source used to pay debt service on bonds, so moving money out could reduce funds available for debt service in that year. The transfer is effective October 1, 2014, and remaining revenues in the fund would continue to be invested with earnings staying in the fund until needed.

Who It Affects
State General Fund: receives a one-time $20 million addition for FY2015 to use for its purposes.
Alabama 21st Century Fund and debt service: has $20 million less available in FY2015 for debt service payments; remaining fund revenues would continue to be invested and earnings would stay in the fund.

Key Provisions
One-time transfer of twenty million dollars ($20,000,000) from the Alabama 21st Century Fund to the State General Fund for FY2015.
Amends Section 41-10-629 to preserve the Alabama 21st Century Fund as a tobacco-revenue fund used to pay bond debt service, allows investment of remaining revenues, and makes the act effective October 1, 2014.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Appropriations