SB35 Alabama 2016 1st Special Session Session
In Committee
Bill Summary
Sponsors
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
Proposing an amendment to the Constitution of Alabama of 1901 to establish the Alabama Shared Revenue Fund as a separate fund within the State Treasury, the balance of which shall be distributed to the Education Trust Fund and the State General Fund.
Subjects
Constitutional Amendments
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| August 16, 2016 | S | Read for the first time and referred to the Senate committee on Tourism and Marketing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB35 Alabama 2016 1st Special Session Session - Introduced |