SB159 Alabama 2017 Session
Summary
- Primary Sponsor
-
Tom WhatleyRepublican - 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
Pending third reading on day 26 Favorable from Ways and Means Education with 1 amendment
Ways and Means Education first Amendment Offered
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 244
Whatley motion to Adopt adopted Roll Call 243
Whatley first Substitute Offered
Whatley motion to Table adopted Voice Vote
Finance and Taxation Education Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Votes
Motion to Read a Third Time and Pass
Documents
Source: Alabama Legislature