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AL HB237
Bill
Status
3/12/2026
Primary Sponsor
Danny Garrett
Click for details
AI Summary
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Transfers $500,000,000 total from the Educational Opportunities Reserve Fund for fiscal year ending September 30, 2026
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Allocates $399,150,000 to the RAISE (Renewing Alabama's Investment in Student Excellence) Fund for continuation and expansion of the RAISE Act
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Allocates $100,850,000 to the CHEER (College and Higher Education Excellence and Results) Fund for initial implementation funding
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CHEER Fund transfer is contingent on enactment of HB565 or SB344 from the 2026 Regular Session
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Passed Alabama House 104-0 on March 12, 2026; effective immediately upon Governor's approval
Legislative Description
Education Opportunities Reserve Fund transfers for the fiscal year ending September 30, 2026
Education
Last Action
Pending Senate Finance and Taxation Education
3/12/2026