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AL HB276
Bill
Status
4/13/2010
Primary Sponsor
Barbara Boyd
Click for details
AI Summary
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Amends Act 2009-339 (fiscal year 2010 Education Appropriation Bill) by shifting $8,000,000 in General Obligation Bonds 2005-A funding from the Capital Improvement Trust Fund to the Education Trust Fund.
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Limits the Department of Human Resources to reverting a maximum of $11,028,645 in Food Stamp Program sales tax administration funds to the Education Trust Fund for fiscal year ending September 30, 2010, with any excess funds appropriated for subsidized child care slots.
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Appropriates funds as deemed necessary by the Director of Finance from the APSCA 2009-D Fiscal Fees and Expense Fund for payments of fiscal fees and expenses associated with APSCA 2009-D bonds.
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Authorizes payment of Public School and College Authority Swaptions in the same manner as other debt service, including court costs and attorney fees.
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Takes effect immediately upon passage and approval by the Governor.
Legislative Description
Education Appropriations Act for fiscal year ending September 30, 2010, debt service on certain bonds, funding from Capital Improvement Trust Fund reduced, funding from Education Trust Fund increased, supplemental appropriation for debt service on certain Public School and College Authority bond swaps, appropriation to state agencies for fiscal year ending September 30, 2009, reappropriated, certain food stamp funds not to revert from Human Resources Department, use for child care, Act 2009-339, 2009 Reg. Sess. am'd.
Appropriations--Education Appropriations Act
Last Action
Delivered to Governor at 1:35 p.m. on April 13, 2010.
4/13/2010