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AL HB682
Bill
Status
4/30/2013
Primary Sponsor
Joseph Hubbard
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AI Summary
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Proposes constitutional amendment requiring repayment of funds transferred from Alabama Trust Fund under Amendment 856 within five years following fiscal year ending September 30, 2015.
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Establishes repayment schedule distributing proceeds from new cigarette tax between Alabama Trust Fund and Medicaid Agency from fiscal years 2016-2020, with $50 million to $100 million annually going to trust fund repayment.
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Imposes additional tax of five cents per cigarette beginning October 1, 2015, with proceeds designated for Alabama Trust Fund repayment and Medicaid purposes.
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Creates Medicaid Trust Fund administered by Medicaid Agency to help regional care organizations maintain restricted reserves and cover unfunded liabilities.
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Amendment becomes effective upon voter approval by majority of qualified electors and passage of separate legislation creating regional care organizations for Medicaid services delivery.
Legislative Description
Alabama Trust Fund, transfer of amount from pursuant to const. amend., repayment of transfer, increased tax on cigarettes, proceeds used to repayment and for other specified purposes relating to Medicaid, Medicaid Trust Fund created, const. amend.
Appropriations
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund
4/30/2013