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SB159 Alabama 2017 Session

Updated Jul 24, 2021
SB159 Alabama 2017 Session
Senate Bill
Expired
Current Status
Regular Session 2017
Session
1
Sponsor

Summary

Primary Sponsor
Tom Whatley
Republican
Session
Regular Session 2017
Title
Education Retirees' Trust Fund for Cost-of-Living Allowances, creation in State Treasury, investment of funds
Description

This bill would create a separate fund in the State Treasury known as the Education Retirees' Trust Fund for Cost-of-Living Adjustments. The function of the Education Retirees' Trust Fund for Cost-of-Living Adjustments shall be to serve as a permanent trust and as an investment account for the earnings and funds received for the purpose of providing education retirees with cost-of-living increases or one-time bonuses.

Subjects
State Treasury

Bill Actions

H

Pending third reading on day 26 Favorable from Ways and Means Education with 1 amendment

H

Ways and Means Education first Amendment Offered

H

Read for the second time and placed on the calendar 1 amendment

H

Read for the first time and referred to the House of Representatives committee on Ways and Means Education

S

Engrossed

S

Motion to Read a Third Time and Pass adopted Roll Call 244

S

Whatley motion to Adopt adopted Roll Call 243

S

Whatley first Substitute Offered

S

Whatley motion to Table adopted Voice Vote

S

Finance and Taxation Education Amendment Offered

S

Third Reading Passed

S

Read for the second time and placed on the calendar 1 amendment

S

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

Bill Text

Votes

Documents

Source: Alabama Legislature