Loading chat...
AL HB229
Bill
Status
4/1/2014
Primary Sponsor
Steve Clouse
Click for details
AI Summary
HB229 Summary
-
Appropriates $40,972,964 from the Children First Trust Fund for fiscal year ending September 30, 2015, to 11 entities including the Alabama Department of Human Resources ($9,714,633), Department of Youth Services ($8,193,959), and State Multiple Needs Children's Fund ($4,325,293).
-
Requires tobacco settlement revenues designated for the Children First Trust Fund to be deposited within 30 calendar days of receipt and mandates quarterly allocations to agencies beginning each fiscal quarter when tobacco revenues are available.
-
Appropriates an additional $44,875,562 from other tobacco settlement funds for fiscal year 2015, with $28,261,141 allocated to Alabama Medicaid Agency and $13,000,000 for 21st Century Debt Service.
-
Transfers from the Children First Trust Fund to the State General Fund during fiscal year 2015 any portion of receipts currently allocated for the State Board of Education.
-
Requires the Department of Children's Affairs to develop and approve investment plans for each agency, including minimum quality assurance measures, and to 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, 2015, 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, appropriations from General Fund to various entities contingent upon adoption of const. amend. proposed by SB147, 2012 Reg. Sess.
Children First Trust Fund
Last Action
Delivered to Governor at 3:48 p.m. on April 1, 2014.
4/1/2014