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AL SB107
Bill
AI Summary
SB107 Summary
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Appropriates $40,198,388 from the Children First Trust Fund for fiscal year ending September 30, 2023, distributed to 11 child-serving agencies including the Department of Human Resources ($11,000,000), Department of Youth Services ($8,107,318), and Department of Public Health ($4,717,267).
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Requires tobacco settlement revenues designated for the Children First Trust Fund to be deposited within 30 calendar days of receipt and mandates quarterly allocations to agencies with at least one-fourth of annual appropriations distributed each quarter when revenues are available.
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Appropriates an additional $52,239,843 from other tobacco settlement funds for fiscal year 2023, primarily to Alabama Medicaid Agency ($32,333,121) and 21st Century Debt Service ($16,000,000).
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Transfers any portion of Children First Trust Fund receipts currently allocated to the State Board of Education to the State General Fund during fiscal year 2023.
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Requires agencies to submit plans of investment with minimum four quality assurance items for measuring success, with the Department of Early Childhood Education responsible for oversight, certification, and reporting to legislative committees and the Alabama Children's Policy Council.
Legislative Description
Children First Trust Fund, appropriations from for fiscal year ending September 30, 2023, 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. 2022-158.
3/15/2022