HB138 Summary

• Appropriates $1,283,283,616 from the Education Trust Fund for fiscal year ending September 30, 2022 to various state agencies, universities, and entities for specific capital projects and programs.

• Allocates $177.4 million to State Treasurer's Office for PACT Program obligations and $58.4 million to Teachers' Retirement System for one-time longevity bonuses for retirees.

• Distributes $750.4 million to Education Trust Fund Advancement and Technology Fund and $60 million to Alabama Innovation Fund, with $15 million for Hudson Alpha Institute and $45 million for Southern Research Institute.

• Provides funding for community college system projects ($25.1 million), university capital improvements across multiple institutions ($97+ million combined), and infrastructure projects including geological survey building, fire college facility, and museum renovations.

• Amends prior appropriations law to increase maximum grant amounts from $250,000 to $500,000 per K-12 school system under Department of Education grant program, with $3 million total allocated for unmet capital and equipment needs.