SB98 Alabama 2015 Session
In Committee
Bill Summary
Sponsors
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Act, reenact Education Trust Fund Proration Account, Sec. 40-1-32.1 reenacted; Secs. 29-9-1 to 29-9-6, inclusive, repealed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
<p class="bill_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</p><p class="bill_description">
This bill would reenact Section 40-1-32.1,
Code of Alabama 1975, providing for the Education
Trust Fund Proration Account</p><p class="bill_entitled_an_act"> To 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
reenact Section 40-1-32.1, Code of Alabama 1975, providing for
the Education Trust Fund Proration Account.
</p>
Subjects
Education Trust Fund
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 3, 2015 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB98 Alabama 2015 Session - Introduced |