SB299 Alabama 2019 Session
Updated Apr 26, 2021
SB299 Alabama 2019 Session
Senate Bill
In Committee
Current Status
Regular Session 2019
Session
1
Sponsor
Summary
- Primary Sponsor
-
Tom Whatley SenatorRepublican - Session
- Regular Session 2019
- Title
- State Treasury, Education Retirees' Trust Fund, created, cost-of-living adjustments, to provide funding by lottery if one is authorized
- 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 bill would provide for funding, including from a lottery if one is authorized; provide that when the assets of the trust are sufficient to fully fund a cost-of-living adjustment for education retirees of one percent or more, funds would be transferred and used for that purpose.
- Subjects
- State Treasury
Bill Actions
S
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Bill Text
Documents
Source: Alabama Legislature