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AL SB124
Bill
AI Summary
SB124 Summary
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Appropriates $37,430,811 from the Children First Trust Fund for fiscal year ending September 30, 2017, distributed to 12 entities including the Department of Human Resources ($9,311,270), Department of Youth Services ($8,107,318), and Department of Public Health ($4,655,634).
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Requires tobacco settlement revenues designated for the Children First Trust Fund to be deposited within 30 calendar days of receipt and directs the Director of Finance to notify agencies of anticipated allocations by September 1, 2016.
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Mandates quarterly allocation of at least one-fourth of appropriated funds to each agency when tobacco revenues are available, with allocations available within five working days of quarter commencement.
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Appropriates an additional $44,537,126 from other tobacco settlement funds for fiscal year 2017, including $27,901,260 to Alabama Medicaid Agency and $13,000,000 for 21st Century Debt Service.
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Conditions all allocations on receipt of tobacco revenues and requires the Department of Early Childhood Education to approve investment plans for each receiving agency with quality assurance measures and periodic reporting to the Joint Interim Legislative Oversight Committee.
Legislative Description
Children First Trust Fund, appropriations from for fiscal year ending September 30, 2017, 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
Assigned Act No. 2016-108.
3/17/2016