SB101 Alabama 2023 Session

Sponsors

Session

Regular Session 2023

Title

To amend Sections 29-9-2, 29-9-3, and 29-9-4, Code of Alabama 1975, as last amended by Acts 2022-139 and 2022-358 of the 2022 Regular Session, relating to the Education Trust Fund Rolling Reserve Act, to provide additional definitions; to provide further for annual Education Trust Fund appropriations; to provide further for the distribution of revenues received in excess of appropriations; to create the Educational Opportunities Reserve Fund and provide for the funding and appropriations from the fund; and to repeal obsolete Section 29-9-2.1 of the Code of Alabama of 1975.

Description

<p class="bill_description"> This bill amends the Education Trust Fund Rolling Reserve Act of 2011 to provide additional definitions, to provide further for annual Education Trust Fund appropriations, to provide further for the distribution of revenues received in excess of appropriations, to create the Educational Opportunities Reserve Fund and provide for the funding and appropriations from the fund, and to delete obsolete provisions</p><p class="bill_entitled_an_act"> To amend Sections 29-9-2, 29-9-3, and 29-9-4, Code of Alabama 1975, as last amended by Acts 2022-139 and 2022-358 of the 2022 Regular Session, relating to the Education Trust Fund Rolling Reserve Act, to provide additional definitions; to provide further for annual Education Trust Fund appropriations; to provide further for the distribution of revenues received in excess of appropriations; to create the Educational Opportunities Reserve Fund and provide for the funding and appropriations from the fund; and to repeal obsolete Section 29-9-2.1 of the Code of Alabama of 1975. SB101 INTRODUCED </p>