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AL SB242
Bill
AI Summary
SB242 Summary
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Appropriates $42,112,181 from the Children First Trust Fund for fiscal year ending September 30, 2012, distributed to 10 agencies including the Department of Human Resources ($9,745,362), Department of Youth Services ($9,420,516), and Juvenile Probation Services Fund ($5,742,298).
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Requires tobacco settlement revenues to be deposited into the Children First Trust Fund within 30 calendar days of receipt and mandates quarterly allocation of at least one-fourth of each agency's total appropriation when tobacco revenues are available.
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Appropriates an additional $45,966,572 from other tobacco settlement funds for fiscal year ending September 30, 2012, primarily to Alabama Medicaid Agency ($29,236,085) 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 develop investment plans with quality assurance measures including number of children served, measurable success indicators, and periodic audit reporting by the Examiners of Public Accounts.
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Authorizes conditional appropriation of additional tobacco revenues upon recommendation of the Director of Finance, House Ways and Means General Fund Committee Chairman, Senate Finance and Taxation-General Fund Committee Chairman, and Governor approval.
Legislative Description
Children First Trust Fund, appropriations from for fiscal year ending September 30, 2011, 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
Delivered to Governor at 2:00 p.m. on June 2, 20111
6/1/2011