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AL HB127
Bill
Status
5/25/2023
Primary Sponsor
Pebblin Warren
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AI Summary
HB127 Summary
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Appropriates $39,097,848 from the Children First Trust Fund for fiscal year ending September 30, 2024, to 11 child-serving agencies including the Department of Human Resources ($9,871,073), Department of Youth Services ($8,107,318), and State Multiple Needs Children's Fund ($4,358,550).
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Requires tobacco settlement revenues to be deposited into the Children First Trust Fund within 30 calendar days of receipt and mandates quarterly allocations to agencies of at least one-fourth of their total annual appropriation.
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Transfers State Board of Education's portion of Children First Trust Fund receipts to the State General Fund during fiscal year 2024.
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Appropriates an additional $50,511,261 from other tobacco settlement funds, with $30,482,005 to Alabama Medicaid Agency, $16,000,000 to 21st Century Debt Service, and remaining amounts distributed to other entities.
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Conditions additional tobacco revenue appropriations on recommendations from the Director of Finance and approval from the House Ways and Means General Fund Committee Chair, Senate Finance and Taxation-General Fund Committee Chair, and the Governor.
Legislative Description
To make an appropriation of $39,097,848 from the Children First Trust Fund for the fiscal year ending September 30, 2024, to the entities and for the purposes designated in Section 41-15B-2.2, Code of Alabama 1975; to provide for the deposit of tobacco settlement revenues into the Children First Trust Fund; to require written notification of anticipated agency allocations by the State Director of Finance; to require quarterly allocations; to condition allocations on receipt of tobacco revenues; to provide for the transfer to the State General Fund during fiscal year 2024 that portion of Children First Trust Fund receipts currently allocated for the State Board of Education; to make an appropriation of $50,511,261 from other tobacco settlement funds for the fiscal year ending September 30, 2024; and to make a conditional appropriation and allocation of additional tobacco revenues upon the recommendation of the Director of Finance, the Chairman of the House Ways and Means General Fund Committee and the Chairman of the Senate Finance and Taxation-General Fund Committee, and the approval of the Governor.
FY24 Children's First Trust Fund Appropriation Bill
Last Action
Enacted
5/25/2023