Senate Bill 153 Alabama 2026 Session

Summary

Primary Sponsor

Greg Albritton Senator

Republican

Session

2026 Regular Session

Title

Children's First Trust Fund, appropriations

Description

This bill makes an appropriation of $36,635,222 from the Children First Trust Fund for the fiscal year ending September 30, 2027, 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 2027 that portion of Children First Trust Fund receipts currently allocated for the State Board of Education; to make an appropriation of $43,789,530 from other tobacco settlement funds for the fiscal year ending September 30, 2027; 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.

SB153 INTRODUCED.

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Subjects

Appropriations