HB306 Alabama 2014 Session

Summary

Primary Sponsor

Craig Ford

Independent

Co-Sponsors

Merika ColemanArtis McCampbellDarrio MeltonJames E. BuskeyMarcel BlackThomas JacksonRod ScottBarbara Bigsby Boyd

Session

Regular Session 2014

Title

Appropriation, Education Trust Fund, supplemental appropriation to Education Department for 2013-2014 fiscal year of excess funds set aside to finance credits authorized by the Alabama Accountability Act

Summary

HB306 provides a $15 million supplemental appropriation from the Education Trust Fund to the State Department of Education for FY 2014 to fund the Alabama Math, Science, and Technology Initiative, using anticipated savings from Alabama Accountability Act tax credits.

What This Bill Does

Allocates $15,000,000 from the Education Trust Fund to the State Department of Education for the fiscal year ending September 30, 2014, to be used for the Alabama Math, Science, and Technology Initiative (AMSTI). Notes that actual costs of tax credits under the Alabama Accountability Act are expected to be lower than initially estimated, and directs that up to $15,000,000 of unobligated revenues due to those lower costs be used to fund the Section 1 appropriation. Takes effect immediately upon passage and approval by the Governor.

Who It Affects

• State Department of Education — receives a $15,000,000 supplemental appropriation to support AMSTI.
• Students and schools participating in the Alabama Math, Science, and Technology Initiative — may benefit from increased funding and support for math, science, and technology programs.
• Tax-credit program under the Alabama Accountability Act (and taxpayers funding it) — costs are anticipated to be lower, allowing reallocation of funds toward AMSTI.

Key Provisions

• Section 1: Appropriates $15,000,000 from the Education Trust Fund to the State Department of Education for the fiscal year ending September 30, 2014, to be expended for AMSTI.
• Section 2: States that actual costs of Alabama Accountability Act tax credits are expected to be lower than initial estimates and that up to $15,000,000 of the difference in unobligated revenues may be used to fund the Section 1 appropriation.
• Section 3: Becomes effective immediately upon passage and approval by the Governor (or otherwise law).

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