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AL HB306
Bill
Status
Introduced
1/21/2014
Primary Sponsor
Craig Ford
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AI Summary
- Appropriates $15,000,000 from the Education Trust Fund to the State Department of Education for the fiscal year ending September 30, 2014
- Allocates the appropriated funds for the Alabama Math, Science, and Technology Initiative Program
- Funds are derived from the difference between estimated revenues ($5,805,500,000) and enacted appropriations ($5,765,396,233) due to lower-than-anticipated tax credit costs under the Alabama Accountability Act
- The appropriation amount cannot exceed $15,000,000 and represents unobligated revenues not needed for tax credits
- Becomes effective immediately upon passage and approval by the Governor
Legislative Description
Appropriation, Education Trust Fund, supplemental appropriation to Education Department for 2013-2014 fiscal year of excess funds set aside to finance credits authorized by the Alabama Accountability Act
Appropriations
Last Action
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
1/21/2014
Committee Referrals
Ways and Means Education1/21/2014
Full Bill Text
No bill text available