SB147 Alabama 2025 Session

Summary

Primary Sponsor

Greg Albritton Senator

Republican

Session

2025 Regular Session

Title

Children First Trust Fund, appropriations from for fiscal year ending September 30, 2026, use of allocation pursuant to Section 41-15B-2.2, Code of Alabama 1975 and this act, tobacco settlement revenues deposited in fund within 30 days of receipt.

Description

This bill makes an appropriation of $36,616,436 from the Children First Trust Fund for the fiscal year ending September 30, 2026, to the entities and for the purposes designated in Section 41-15B-2.2, Code of Alabama 1975; to provide for the deposit of tobacco settlement revenues into the Children First Trust Fund; to require written notification of anticipated agency allocations by the State Director of Finance; to require quarterly allocations; to condition allocations on receipt of tobacco revenues; to provide for the transfer to the State General Fund during fiscal year 2026 that portion of Children First Trust Fund receipts currently allocated for the State Board of Education; to make an appropriation of $44,177,773 from other tobacco settlement funds for the fiscal year ending September 30, 2026; and to make a conditional appropriation and allocation of additional tobacco revenues upon the 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 the approval of the Governor.

SB147 INTRODUCED.

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Subjects

Appropriations