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AL SB69

Bill

Status

Passed

5/6/2024

Primary Sponsor

Greg Albritton

Click for details

Origin

Senate

Regular Session 2024

AI Summary

  • Appropriates $39,531,128 from the Children First Trust Fund for fiscal year 2025 to 11 entities including the Alabama Department of Human Resources ($10,295,965), Department of Youth Services ($8,107,318), and State Multiple Needs Children's Fund ($4,358,550).

  • Requires all tobacco settlement revenues designated for the Children First Trust Fund to be deposited within 30 calendar days of receipt and directs quarterly allocations to agencies beginning each fiscal quarter when funds are available.

  • Transfers Children First Trust Fund receipts currently allocated to the State Board of Education to the State General Fund during fiscal year 2025.

  • Appropriates an additional $49,596,888 from other tobacco settlement funds for fiscal year 2025, with the largest allocation of $30,103,496 to the Alabama Medicaid Agency and $16,000,000 for 21st Century Debt Service.

  • Conditions fund allocations on receipt of tobacco revenues and requires agencies to submit plans of investment including quality assurance items, measurable success standards, and reporting to the Joint Interim Legislative Oversight Committee.

Legislative Description

Children First Trust Fund, appropriations from for fiscal year ending September 30, 2025, use of allocation pursuant to Section 41-15B-2.2 and this act, tobacco settlement revenues deposited in fund within 30 days of receipt.

Appropriations

Last Action

Enacted

5/6/2024

Committee Referrals

Ways and Means General Fund4/11/2024
Finance and Taxation General Fund2/7/2024

Full Bill Text

No bill text available