SB288 Summary

• Appropriates $39,004,803 from the Children First Trust Fund for fiscal year ending September 30, 2014, distributed to 11 entities including the Alabama Department of Human Resources ($9,593,095), Department of Youth Services ($8,088,036), and Juvenile Probation Services Fund ($4,657,710).

• Requires the Director of Finance to notify agencies by September 1, 2013, of anticipated allocations and distribute funds quarterly in equal installments as tobacco revenues become available, with allocations available within five working days of each quarter.

• Conditions all allocations from the Children First Trust Fund on actual receipt of tobacco settlement revenues, with funds remaining in the trust at fiscal year-end rather than reverting to the General Fund.

• Appropriates an additional $45,168,359 from other tobacco settlement funds for the fiscal year ending September 30, 2014, primarily to Alabama Medicaid Agency ($28,545,658) and 21st Century Debt Service ($13,000,000).

• Transfers Children First Trust Fund receipts previously allocated for the State Board of Education to the State General Fund during fiscal year 2014, and authorizes conditional appropriation of any additional tobacco revenues upon recommendation by the Director of Finance and relevant committee chairs with Governor approval.