Motion to Read a Third Time and Pass
Yes
26
Absent
8
SB314 Alabama 2018 Session
Updated Apr 26, 2021
SB314 Alabama 2018 Session
Senate Bill
Expired
Current Status
Regular Session 2018
Session
1
Sponsor
Summary
- Primary Sponsor
-
Tom WhatleyRepublican - Session
- Regular Session 2018
- 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
S
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Votes
Holley motion to Adopt
Yes
26
Absent
8
Holley motion to Concur In and Adopt
Yes
25
Absent
9
Motion to Read a Third Time and Pass
Yes
83
No
4
Abstained
10
Absent
5
Motion to Adopt
Yes
81
No
3
Abstained
9
Absent
9
Documents
Source: Alabama Legislature