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
<p class="bill_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</p><p class="bill_entitled_an_act"> 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.
</p>
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 |