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AL HB415
Bill
Status
4/4/2024
Primary Sponsor
Juandalynn Givan
Click for details
AI Summary
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Repeals Act 2023-560 of the 2023 Regular Session, which established the Distressed Institutions of Higher Education Revolving Loan Program (Code of Alabama 1975, Sections 16-65A-1 through 16-65A-7).
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Transfers any remaining funds from the Distressed Institutions of Higher Education Loan Program Fund to the Education Trust Fund within 30 days of the act's effective date.
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Classifies transferred funds as nonrecurring revenue under Chapter 9 of Title 29, Code of Alabama 1975, making them available for supplemental appropriation for fiscal year ending September 30, 2024.
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Becomes effective immediately upon enactment.
Legislative Description
Repeal Act 2023-560, relating the the Distressed Institutions of Higher Education Revolving Loan Program.
Education
Last Action
Motion to Read a Third Time and Pass - Adopted Roll Call 792
4/25/2024