SB13 Alabama 2013 Session
Bill Summary
Under Amendment to the Constitution of Alabama of 1901, $145,796,943 will be transferred from the Alabama Trust Fund to the State General Fund each year over three fiscal years beginning with the fiscal year ending September 30, 2013 and concluding with the fiscal year ending September 30, 2015. The amendment does not require the transferred funds to be repaid
This bill would require the Legislature to repay all amounts transferred from the Alabama Trust Fund within ten (10) years following the fiscal year ending September 30, 2015 and providing for an appropriation in fiscal year ending September 30, 2026 from the State General Fund of any amount not repaid
To require the Legislature to repay all amounts transferred from the Alabama Trust Fund to the State General Fund pursuant to Amendment to the Constitution of Alabama of 1901 within ten (10) years following the fiscal year ending September 30, 2015 and to provide for an appropriation in fiscal year ending September 30, 2026 from the State General Fund of any amount not repaid.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 7, 2013 | S | Pending third reading on day 4 Favorable from Finance and Taxation General Fund with 1 substitute |
| May 7, 2013 | S | Indefinitely Postponed |
| February 7, 2013 | S | Read for the second time and placed on the calendar with 1 substitute and |
| February 5, 2013 | S | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB13 Alabama 2013 Session - Introduced |