This bill provides for the establishment of the Alabama Recurring Revenue Fund and provides for the distribution of the proceeds of the recurring revenue sources of the Education Trust Fund and the State General Fund initially into this fund to be allocated to the Education Trust Fund and the State General Fund based upon the percentages established in this bill
To establish the Alabama Recurring Revenue Fund as a separate fund within the State Treasury, the balance of which shall be distributed to the Education Trust Fund and the State General Fund.
|August 5, 2015
|Read for the first time and referred to the Senate committee on Finance and Taxation Education
|SB55 Alabama 2015 1st Special Session - Introduced