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AL SB306
Bill
Status
2/2/2010
Primary Sponsor
Roger Bedford
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AI Summary
SB306 Summary
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Appropriates $44,362,974 from the Children First Trust Fund for fiscal year ending September 30, 2011, distributed to 11 entities including the Department of Human Resources ($11,082,960), Department of Youth Services ($9,420,516), and Juvenile Probation Services ($5,541,480).
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Requires all tobacco settlement revenues designated for the Children First Trust Fund to be deposited within 30 calendar days of receipt, with the Director of Finance notifying agencies by September 1, 2010, of their anticipated allocations.
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Mandates quarterly allocation of at least one-fourth of each agency's total appropriation when tobacco revenues are available, with funds available for expenditure within five working days of each quarter's start.
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Appropriates an additional $50,407,080 from other tobacco settlement funds for fiscal year ending September 30, 2011, directed to entities including Alabama Medicaid Agency ($33,248,880) and 21st Century Debt Service ($13,000,000).
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Conditions all allocations on receipt of tobacco revenues and requires the Department of Children's Affairs to submit plans of investment with quality assurance measures and report approved plans to the Joint Interim Legislative Oversight Committee and Alabama Children's Policy Council.
Legislative Description
Children First Trust Fund, appropriations from for fiscal year ending September 30, 2010, use of allocation pursuant to Section 41-15B-2.2 and this act, tobacco settlement revenues deposited in fund within 30 days of receipt, Finance Director to notify each agency of allocation, appropriations conditional on tobacco revenues, appropriation of additional tobacco settlement funds, audit, Children's Affairs Department to report to Legislature and Children's Policy Council
Children First Trust Fund
Last Action
Indefinitely Postponed
4/14/2010