Senate Finance and Taxation General Fund Hearing
Finance and Taxation at 12:30:00

SB153 would appropriate funds from the Children First Trust Fund for FY2027, require tobacco settlement revenues to be deposited there, and set rules for how those funds are allocated and overseen.
SB153 allocates $36,635,222 from the Children First Trust Fund for the fiscal year ending September 30, 2027 to specified agencies for designated child-related purposes. It requires tobacco settlement revenues to be deposited into the fund within 30 days of receipt and to be allocated quarterly once funds are available, with allocations conditioned on revenue receipts. It also transfers the portion of CFTF receipts currently allocated for the State Board of Education to the State General Fund in FY2027 and adds $43,789,530 from other tobacco settlement funds to various programs, while allowing additional conditional appropriations subject to approvals. The bill establishes investment plans, quality assurance/measurement requirements, and reporting duties to oversight bodies, with funds directed to meet evolving needs of children.
Pending House Ways and Means General Fund
Read for the first time and referred to the House Committee on Ways and Means General Fund
Motion to Read a Third Time and Pass - Adopted Roll Call 828
Third Reading in House of Origin
Read for the Second Time and placed on the Calendar
Reported Out of Committee House of Origin
Pending Senate Finance and Taxation General Fund
Read for the first time and referred to the Senate Committee on Finance and Taxation General Fund
Finance and Taxation at 12:30:00
Source: Alabama Legislature