SB1 Alabama 2015 2nd Special Session

Summary

Primary Sponsor

Paul Sanford

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

SB1 creates the Alabama Shared Revenue Fund to collect shared revenues and automatically distribute most of them to the Education Trust Fund and the State General Fund each month.

What This Bill Does

Establishes the Alabama Shared Revenue Fund in the State Treasury to hold revenues dedicated to the Education Trust Fund (ETF) and the State General Fund (SGF). Each month, the balance in the Shared Revenue Fund is distributed 78% to ETF and 22% to SGF. Includes safeguards so ETF receives at least the amount of income tax receipts it would have received before enactment and ensures total distributions match constitutionally earmarked revenues; it does not alter direct distributions to state agencies or earmarked funds.

Who It Affects

• Education Trust Fund: would receive 78% of monthly shared revenue distributions, potentially replacing some prior direct revenues (subject to the safeguards).
• State General Fund: would receive 22% of monthly shared revenue distributions, subject to the safeguards and implementation timeline.

Key Provisions

• Creates the Alabama Shared Revenue Fund as a separate fund in the State Treasury; initial deposits come from shared revenues dedicated to ETF and SGF.
• Monthly distributions from the Shared Revenue Fund allocate 78% to ETF and 22% to SGF.
• Defines shared revenue as existing or new revenue sources for ETF or SGF from prior or current/future fiscal years, excluding transfers to agencies or earmarked funds.
• Requires the Department of Revenue to certify that ETF receives at least the pre-enactment income tax receipts and the Executive Budget Office to certify that total distributions meet constitutionally earmarked revenue levels.
• Does not affect direct distributions to state agencies or earmarked funds, only the distributions to ETF and SGF.
• Effective October 1, 2015; fully implemented by January 1, 2016, with administrative changes by the Executive Budget Office.

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