SB281 Alabama 2015 Session

Updated Jul 24, 2021

SB281 Alabama 2015 Session

Senate Bill

Expired

Current Status

Regular Session 2015

Session

1

Sponsor

Summary

Primary Sponsor: Jimmy Holley
Republican
Session: Regular Session 2015
Title: Education Trust Fund, rolling reserve, additional percentage of projected surplus by Finance Director and Director of Legislative Fiscal Office, added to calculator for appropriation cap, Sec. 29-9-4 am'd.
Description: Under existing law, the Education Trust Fund Rolling Reserve Act limits appropriations from the Education Trust Fund to an amount determined by a formula. The formula provides for the addition of specific amounts to determine the annual appropriation cap. Revenues received in excess of the cap are transferred to a Budget Stabilization Fund.
This bill would amend the Education Trust Fund Rolling Reserve Act to provide for an additional amount that would be added to the calculation of the annual appropriation cap.
Subjects: Education Trust Fund

Bill Actions

Read for the first time and referred to the Senate committee on Finance and Taxation Education

Bill Text

Download Introduced PDF

Documents

Bill Text (Introduced) SB281 Alabama 2015 Session - Introduced

Source: Alabama Legislature