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AL HB560
Bill
Status
4/10/2012
Primary Sponsor
Jim Barton
Click for details
AI Summary
HB560 Summary
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Amends tobacco settlement fund allocation by adding $1,000,000 annually from fiscal year 2012 through 2020 (or until full satisfaction) to be transferred to University of South Alabama from tobacco settlement funds.
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Modifies Children First Trust Fund allocations to designate $1,000,000 each fiscal year beginning October 1, 2012 through September 30, 2020 for University of South Alabama from the Children First Trust Fund.
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Maintains existing distributions to Children First Trust Fund ($60-70 million annually), Alabama Senior Services Trust Fund ($2 million annually), and State General Fund, with specified allocations to Alabama Medicaid Agency.
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Requires prorated distributions of tobacco revenues if insufficient funds exist for priority allocations, with excess funds directed to Children First Trust Fund after Medicaid Agency needs are met.
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Becomes effective immediately upon passage and approval by the Governor.
Legislative Description
Children First Trust Fund, allocation of to State Board of Education changed to General Fund, Department of Human Resources to administer percent of fund allocated to the Children's Trust Fund and the State Multiple Needs Children's Fund, funding to Juvenile Probation Services Fund, Department of Forensic Sciences, increased, allocation to Department of Youth Services, ABC Board, and Department of Rehabilitation Services deleted, Secs. 41-10-638, 41-15B-2.2 am'd
Children First Trust Fund
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
5/3/2012