SB10 Alabama 2014 Session
Bill Summary
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.
Relating to the Foundation for Local Schools; to provide for the dissolution of the foundation and the disbursement of funds held in the accounts of the foundation; and to repeal Chapter 26C, consisting of Sections 16-26C-1 to 16-26C-13, Title 16, Code of Alabama 1975.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 1, 2014 | S | Assigned Act No. 2014-372. |
| April 1, 2014 | S | Enrolled |
| April 1, 2014 | H | Signature Requested |
| April 1, 2014 | S | Passed Second House |
| April 1, 2014 | H | Motion to Read a Third Time and Pass adopted Roll Call 990 |
| April 1, 2014 | H | Third Reading Passed |
| March 5, 2014 | H | Read for the second time and placed on the calendar |
| February 12, 2014 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
| February 12, 2014 | S | Motion to Read a Third Time and Pass adopted Roll Call 340 |
| February 12, 2014 | S | Third Reading Passed |
| January 15, 2014 | S | Reported from Finance and Taxation Education as Favorable |
| January 14, 2014 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB10 Alabama 2014 Session - Enrolled |
| Bill Text | SB10 Alabama 2014 Session - Introduced |
Source: Alabama Legislature