SB98 Alabama 2015 Session

Updated Jul 24, 2021

Summary

Primary Sponsor: Quinton Ross
Democrat
Session: Regular Session 2015
Title: Education Trust Funds, repeal Education Trust Fund Rolling Reserve Act, reenact Education Trust Fund Proration Account, Sec. 40-1-32.1 reenacted; Secs. 29-9-1 to 29-9-6, inclusive, repealed
Description: This bill would repeal Sections 29-9-1 to 29-9-6, Code of Alabama 1975, providing for the maximum amount that may be appropriated annually from the Education Trust Fund; and to provide for the establishment and operation of a budget stabilization fund and a capital fund for the Education Trust Fund and repealing Section 40-1-32.1, Code of Alabama 1975.
This bill would reenact Section 40-1-32.1, Code of Alabama 1975, providing for the Education Trust Fund Proration Account.
Subjects: Education Trust Fund

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