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AL SB79
Bill
Status
3/21/2023
Primary Sponsor
Greg Albritton
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AI Summary
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Appropriates $39,097,848 from the Children First Trust Fund for fiscal year 2024 to 11 designated entities 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 days of receipt and mandates the Director of Finance notify agencies in writing by September 1, 2023 of their anticipated allocations.
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Establishes quarterly allocation payments to agencies (at least one-fourth per quarter when tobacco revenues are available) with funds available for expenditure within five working days of each quarter's start, conditioned upon receipt of tobacco revenues.
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Appropriates an additional $50,511,261 from other tobacco settlement funds for fiscal year 2024, primarily to Alabama Medicaid Agency ($30,482,005) and 21st Century Debt Service ($16,000,000).
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Transfers any Children First Trust Fund receipts currently allocated for the State Board of Education to the State General Fund during fiscal year 2024, and allows conditional appropriation of additional tobacco revenues upon recommendation of the Director of Finance and House/Senate committee chairs with gubernatorial approval.
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.
Last Action
Introduced and Referred to Senate Finance and Taxation General Fund
3/21/2023