SB129 Alabama 2016 Session

Summary

Primary Sponsor

Paul Sanford

Republican

Session

Regular Session 2016

Title

Appropriations, Education Trust Fund Budget Stabilization Fund and the Education Trust Fund Advancement and Technology Fund to the Education Trust Fund for the fiscal year ending September 30, 2017.

Summary

The bill would move $181 million from two Education Trust Fund subaccounts into the Education Trust Fund for the fiscal year ending September 30, 2017.

What This Bill Does

It directs the Director of Finance to transfer a total of $181,000,000 from the Education Trust Fund Budget Stabilization Fund and the Education Trust Fund Advancement and Technology Fund to the Education Trust Fund for FY 2017. It overrides other laws that would limit transfers, including the Education Trust Fund Rolling Reserve Act. The transfer would take effect starting October 1, 2016, after the Governor signs it into law.

Who It Affects

• Education Trust Fund: receives an infusion of $181,000,000 for the fiscal year 2017.
• Director of Finance: required to execute the transfer and empowered to override other legal restrictions to complete the transfer.

Key Provisions

• Section 1: Directs a total transfer of $181,000,000 from the Budget Stabilization Fund and the Advancement and Technology Fund to the Education Trust Fund for the fiscal year ending September 30, 2017; the Director of Finance shall perform the transfer.
• Section 1 also states that this transfer can override any other law, including the Education Trust Fund Rolling Reserve Act.
• Section 2: Establishes the effective date of October 1, 2016, subject to passage and approval by the Governor, after which the transfer would occur.

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

Subjects

Appropriations