SB35 Alabama 2016 1st Special Session Session

Summary

Primary Sponsor

Del Marsh

Republican

Session

First Special Session 2016

Title

Shared Revenue Fund, estab. in St. Treasury, deposit of any revenue earmarked for Education Trust Fund and General Fund for fiscal year 2017-2018, distrib. to Education Trust Fund and General Fund based on percentages, const. amend.

Description

This bill proposes an amendment to the Constitution of Alabama of 1901 to establish the Alabama Shared Revenue Fund and provide for the distribution of the proceeds of the shared revenue sources of the Education Trust Fund and the State General Fund initially into this fund to be allocated to the Education Trust Fund and the State General Fund based upon the percentages established in this Constitutional Amendment.

Show more Show less

Subjects

Constitutional Amendments