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.

Summary

SB35 would create the Alabama Shared Revenue Fund to hold certain state revenues and automatically distribute them to the Education Trust Fund (ETF) and the State General Fund (SGF) on a 76% to ETF and 24% to SGF split starting in 2018.

What This Bill Does

It establishes a separate fund in the State Treasury called the Alabama Shared Revenue Fund and deposits shared revenues intended for the ETF and SGF into it. Each month, amounts in the fund would be distributed 76% to the ETF and 24% to the SGF. The bill requires certification from the Department of Revenue and the Executive Budget Office to ensure that ETF revenues meet prior levels and that earmarked revenues would have been deposited as before; it also clarifies that the change does not affect direct distributions to other state agencies and that the measure becomes effective only if ratified.

Who It Affects

• Education Trust Fund: would receive 76% of monthly shared revenue distributions, with a requirement to at least match prior income tax receipts that would have gone to the ETF.
• State General Fund: would receive 24% of monthly shared revenue distributions.
• Department of Revenue: must review and certify monthly distributions to ensure ETF receipts meet prior levels.
• Executive Budget Office: must review and certify monthly distributions to ensure overall revenue targets are met.
• Voters in Alabama: will vote on the constitutional amendment in November 2016.

Key Provisions

• Establishes the Alabama Shared Revenue Fund as a separate fund within the State Treasury and deposits all shared revenues intended for ETF and SGF beginning in fiscal year 2018.
• Distributes monthly from the Shared Revenue Fund: 76% to the Education Trust Fund and 24% to the State General Fund.
• Requires Department of Revenue and Executive Budget Office to certify distributions to ensure ETF receipts match prior levels and that constitutionally earmarked revenues would have been deposited.
• States the amendment does not affect direct distributions to state agencies and becomes effective only if ratified; if not ratified, the amendment is void.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Constitutional Amendments