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AL SB129
Bill
Status
2/3/2016
Primary Sponsor
Paul Sanford
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AI Summary
SB129 Summary
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The Director of Finance shall transfer a total of $181,000,000 from the Education Trust Fund Budget Stabilization Fund and the Education Trust Fund Advancement and Technology Fund to the Education Trust Fund.
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The transfer applies to the fiscal year ending September 30, 2017.
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The transfer occurs notwithstanding any other provision of law, including the Education Trust Fund Rolling Reserve Act.
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The act becomes effective October 1, 2016, upon passage and approval by the Governor or upon otherwise becoming law.
Legislative Description
Appropriations, Education Trust Fund Budget Stabilization Fund and the Education Trust Fund Advancement and Technology Fund to the Education Trust Fund for the fiscal year ending September 30, 2017.
Appropriations
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation Education
2/3/2016