SB345 Alabama 2018 Session

Summary

Primary Sponsor

Clyde Chambliss Senator

Republican

Session

Regular Session 2018

Title

General Fund Appropriation Act, max. amount of annual approp, General Fund Reserve Fund and Capital Fund estab., unspent approps transfer to fund, General Fund Budget Reform Act

Description

Under existing law, revenues calculated for an upcoming budget include unrealized growth that may or may not occur. This unrealized growth is available for appropriation by the Legislature.

This bill limits the amount that may be appropriated annually from the State General Fund to that received in the previous twelve months with some exceptions; provides for the disposition of revenues in excess of appropriations; creates and funds the General Fund Budget Reserve Fund and the General Fund Capital Fund; provides for the appropriation and use of the amounts deposited into the funds; provides for the distribution of State General Fund revenues exceeding appropriations annually; and caps the amount of taxes and revenues designated by general law for purposes other than education to the amount credited in the fiscal year ending September 30, 2019.

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Subjects

Appropriations