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AL HB296
Bill
Status
4/2/2019
Primary Sponsor
William Poole
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AI Summary
HB 296 Summary
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Changes Alabama's state fiscal year from October 1 - September 30 to July 1 - June 30, effective with fiscal year 2022 beginning July 1, 2021.
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Creates a nine-month implementation fiscal year from October 1, 2020 through June 30, 2021 to transition between the two fiscal year schedules.
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Appropriations for fiscal year 2021 are split between the nine-month implementation period and the first quarter of fiscal year 2022, with 75 percent distributed during the implementation period.
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Applies the new fiscal year dates uniformly to state government departments, institutions, county governments, and city/county boards of education.
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Authorizes the Governor to promulgate procedures for orderly implementation and directs the Code Commissioner to update all fiscal year date references in Alabama Code 1975.
Legislative Description
Fiscal year, to change the date and provide implementation of a new fiscal year, provide definition of fiscal year for the state, Secs. 1-3-4, 11-8-1, 16-13-1, 11-43A-29, 11-43A-94, 11-43C-41, 11-44C-41, 11-44E-110 am'd.
Government
Last Action
Read for the first time and referred to the House of Representatives committee on Fiscal Responsibility
4/2/2019