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, and Sections 29-9-5, Code of Alabama 1975, 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; to revise the allowable uses of withdrawals from the Budget Stabilization Fund to eliminate temporary loans for repairs; and to repeal obsolete Section 29-9-2.1 of the Code of Alabama of 1975.
It became law on Jun 1, 2023.
- Stage
- Became law
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Jun 1, 2023
What it does
Appropriations, Rolling Reserve Act amended to provide for the annual appropriations from the Education Trust Fund and distribution of excess revenues, Educational Opportunities Reserve Fund established
Where it stands
This bill passed and is now law.
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Committee (Done)
Floor (Done)
Law (Done)
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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Where it goes next
Once a bill is decided, the questions are about what is done with it in Alabama.