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AL HB232

Bill

Official Source

Status

Passed

4/1/2014

Primary Sponsor

Steve Clouse

Click for details

Origin

House of Representatives

Regular Session 2014

AI Summary

  • Transfers $20,000,000 from the Alabama 21st Century Fund to the State General Fund for the fiscal year ending September 30, 2015.
  • Amends Section 41-10-629 of the Code of Alabama 1975 to authorize the one-time transfer of available funds from the tobacco revenue-funded special fund.
  • Maintains the Alabama 21st Century Fund's existing retention amounts for debt service on bonds issued by the authority ($7 million-$16 million annually depending on fiscal year).
  • Became effective October 1, 2014 following passage and approval by the Governor.
  • Passed by the House on February 26, 2014 and by the Senate on March 20, 2014.

Legislative Description

Alabama 21st Century Fund, one-time transfer of available funds to the State General Fund, Sec. 41-10-629 am'd.

Appropriations

Last Action

Delivered to Governor at 3:48 p.m. on April 1, 2014.

4/1/2014

Committee Referrals

Finance and Taxation General Fund2/26/2014
Ways and Means General Fund1/15/2014

Full Bill Text

No bill text available