SJR 96

SJR96 193081-2 By Senators Waggoner, Albritton, Allen, Beasley, Blackwell, Brewbaker, Bussman, Chambliss, Coleman-Madison, Dial, Dunn, Figures, Glover, Hightower, Holley, Holtzclaw, Livingston, Marsh, McClendon, Melson, Orr, Pittman, Reed, Sanders, Sanford, Scofield, Shelnutt, Singleton, Smith, Smitherman, Stutts, Ward, Whatley and Williams RFD: First Read: 13-MAR-18 SJR96 SJR96 ENROLLED, SJR96, COMMENDING YOUNG BOOZER FOR OUTSTANDING SERVICE AS ALABAMA'S 39TH STATE TREASURER. WHEREAS, Young Boozer was elected State Treasurer in his first run ever for public office on November 2, 2010, and reelected on November 4, 2014; and WHEREAS, in his first term as State Treasurer, he negotiated a settlement for the financially struggling PACT Program to preserve substantial value, to protect the program, and to provide a long-term financial plan for the program resulting in three consecutive increases in benefit payments for contract holders; and WHEREAS, a college scholarship program was implemented which has distributed approximately $3.7 million to more than 1,000 needs-based high school students in Alabama attending Alabama colleges; and WHEREAS, he freed up approximately $3 million annually to be used in other areas by removing State Treasury from the General Fund budget; and WHEREAS, he implemented annual board meetings of the Penny Trust Fund to distribute statute directed monies of SJR96 $829,227 to the Departments of Education and Public Health; and WHEREAS, assets in the College Counts 529 savings program have grown 80 percent from $734 million to $1.6 billion during his tenure as Treasurer; and WHEREAS, he worked with the Legislature to enact law to further improve investment strategies for taxpayer dollars; to enact law making vast improvements to the Alabama Trust Fund, the State's most valuable financial asset, that simplifies the structure for ATF disbursements, provides a stable source of revenue to its recipients and provides long-term prudent management of ATF assets for higher total returns; and to enact the Alabama ABLE Act which created a financial product to allow persons with disabilities to save money for the first time in history without jeopardizing public benefits they receive; and WHEREAS, during his two terms, he transferred some $236 million to the General Fund from State Treasury; now therefore, BE IT RESOLVED BY THE LEGISLATURE OF ALABAMA, BOTH HOUSES THEREOF CONCURRING, That Young Boozer is highly honored and commended and this resolution is offered to him in highest tribute, as well as in deepest admiration and appreciation for his immeasurable service to our State and best wishes for continued success in all future endeavors. SJR96 President and Presiding Officer of the Senate Speaker of the House of Representa- tives SJR96 Senate 13-MAR-18 I hereby certify that the within Senate Joint Resolution originated in and was adopted by the Senate. Patrick Harris, Secretary. House of Representatives Adopted: 20-MAR-18 By: Senator Waggoner