SB16 Alabama 2016 Session

Updated Jul 24, 2021

Summary

Primary Sponsor: Paul Sanford
Republican
Session: Regular Session 2016
Title: Appropriation process, shared revenue fund established, distribution of certain revenue above amount of revenue in the General Fund and Education Trust Fund prior to act
Description: This bill provides for the establishment of the Alabama Shared Revenue Fund and provides 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 bill.
Subjects: Appropriations

Read for the first time and referred to the Senate committee on Finance and Taxation Education