Under existing law, Children First Trust Fund programs are required to be funded through a separate appropriation in a separate act.
This bill would make an appropriation of $38,460,473 from the Children First Trust Fund for the fiscal year ending September 30, 2019, to the entities and for the purposes designated in Section 41-15B-2.2, Code of Alabama 1975.
This bill would provide for the deposit of tobacco settlement revenues into the Children First Trust Fund, would require the State Director of Finance to notify each agency in writing of the amount of each agency's anticipated allocation, would require quarterly allocation to each agency, and would condition allocations upon the receipt of tobacco funds.
This bill would provide for the transfer to the State General Fund during fiscal year 2019 that portion of Children First Trust Fund receipts currently allocated for the State Board of Education.
This bill would make an appropriation of $47,788,069 from other tobacco settlement funds for the fiscal year ending September 30, 2019.
This bill would also make a conditional appropriation and allocation of any additional tobacco revenue on recommendation of the Director of Finance, the Chairman of the House Ways and Means General Fund Committee and the Chairman of the Senate Finance and Taxation-General Fund Committee, and approval of the Governor.
Assigned Act No. 2018-264.
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 725
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
Motion to Read a Third Time and Pass adopted Roll Call 439
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
Source: Alabama Legislature