HB38 Alabama 2015 2nd Special Session

Summary

Primary Sponsor

Will AinsworthLt. Governor

Republican

Session

Second Special Session 2015

Title

Appropriation process, shared revenue fund established, distribution of certain revenue above amount of revenue in the General Fund and Education Trust Fund prior to act

Summary

HB38 creates the Alabama Shared Revenue Fund to hold certain revenues for the Education Trust Fund and State General Fund and distributes them monthly, 78% to the Education Trust Fund and 22% to the State General Fund.

What This Bill Does

It establishes a separate fund in the State Treasury to hold shared revenues designated for the Education Trust Fund and the State General Fund. From this fund, monthly distributions are split 78% to the Education Trust Fund and 22% to the State General Fund, with safeguards to keep ETF and SGF receipts at or above certain pre-enactment levels. It exempts direct distributions to agencies and earmarked funds from this arrangement, and sets timelines for implementation and required administrative changes.

Who It Affects

• Education Trust Fund: will receive the majority (78%) of monthly distributions from the new Shared Revenue Fund and is protected to receive at least the amount of income tax receipts that would have gone to the ETF prior to enactment.
• State General Fund: will receive the remaining 22% of monthly distributions and is protected to receive at least the constitutionally earmarked revenues that would have gone to the SGF prior to enactment.

Key Provisions

• Establishes the Alabama Shared Revenue Fund as a separate fund in the State Treasury for revenues designated for the Education Trust Fund and the State General Fund.
• Requires monthly distributions from the Shared Revenue Fund: 78% to the Education Trust Fund and 22% to the State General Fund.
• Requires Department of Revenue to certify that monthly ETF distributions meet the pre-enactment income tax receipt level and Executive Budget Office to certify that total distributions meet pre-enactment constitutionally earmarked revenue levels.
• Excludes direct distributions to individual state agencies or earmarked funds from being affected by this act.
• Effective October 1, 2015, with full implementation by January 1, 2016, and administrative changes to be in place by that date.

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