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AL SB132
Bill
Status
1/9/2018
Primary Sponsor
Trip Pittman
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AI Summary
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Proposes a constitutional amendment to repeal Amendment 709 of the Alabama Constitution (Section 260.01), which relates to rainy day fund accounts.
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Proposes to repeal Amendment 803 of the Alabama Constitution, which previously reestablished the Education Trust Fund Rainy Day Account and created the General Fund Rainy Day Account within the Alabama Trust Fund.
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Amendment becomes valid upon approval by a majority of qualified electors voting in accordance with Sections 284, 285, and 287 of the Alabama Constitution.
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Election officials shall assign a ballot number and present voters with a "Yes ( ) No ( )" choice on the ballot describing the proposed constitutional amendment.
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First read on January 9, 2018, referred to Finance and Taxation General Fund committee.
Legislative Description
General Fund Rainy Day Account , established, re-establishing the Education Trust Fund Rainy Day Account, const. amend.
Constitutional Amendments
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
1/9/2018