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AL SB177
Bill
AI Summary
SB177 Summary
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Appropriates $38,460,473 from the Children First Trust Fund for fiscal year 2019 to various child-welfare entities including the Department of Human Resources ($9.7M), Department of Youth Services ($8.1M), and Medicaid Agency ($1.7M).
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Requires tobacco settlement revenues designated for the Children First Trust Fund to be deposited within 30 days of receipt and mandates quarterly allocations to agencies with funds conditioned upon receipt of tobacco revenues.
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Appropriates an additional $47,788,069 from other tobacco settlement funds for fiscal year 2019, with $27.9M allocated to Alabama Medicaid Agency and $16M for 21st Century Debt Service.
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Transfers any portion of Children First Trust Fund receipts previously allocated to the State Board of Education to the State General Fund during fiscal year 2019.
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Establishes oversight requirements including investment plans with minimum four quality assurance items, periodic audits by the Examiners of Public Accounts, and reporting to the Joint Interim Legislative Oversight Committee.
Legislative Description
Children First Trust Fund, appropriations from for fiscal year ending September 30, 2019, 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
Children First Trust Fund
Last Action
Assigned Act No. 2018-264.
3/13/2018