SB5 Alabama 2015 2nd Special Session
In Committee
Bill Summary
Sponsors
Session
Second Special Session 2015
Title
Education Trust Fund Budget Stablization Fund, transfer of funds to State General Fund for fiscal year 2016; repayment with BP Settlement Funds, Sec. 29-9-4 am'd.
Description
This bill provides for a transfer from the Education Trust Fund Budget Stabilization Fund to the State General Fund for fiscal year 2016. This bill also requires proceeds from the BP Settlement Agreement to be utilized to repay the transfer made from the Budget Stabilization Fund
To amend Section 29-9-4, Code of Alabama 1975, to transfer funds from the Education Trust Fund Budget Stabilization Fund to the State General Fund for fiscal year 2016; and to require proceeds from the BP Settlement Agreement to be utilized to repay the transfer made from the Budget Stabilization Fund.
Subjects
Appropriations
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| September 8, 2015 | 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 | SB5 Alabama 2015 2nd Special Session - Introduced |