SB16 Alabama 2016 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2016
Title
Appropriation process, shared revenue fund established, distribution of certain revenue above amount of revenue in the General Fund and Education Trust Fund prior to act
Description
This bill provides for the establishment of the Alabama Shared Revenue Fund and provides for the distribution of the proceeds of the shared revenue sources of the Education Trust Fund and the State General Fund initially into this fund to be allocated to the Education Trust Fund and the State General Fund based upon the percentages established in this bill
To establish the Alabama Shared Revenue Fund as a separate fund within the State Treasury, the balance of which shall be distributed to the Education Trust Fund and the State General Fund.
Subjects
Appropriations
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 2, 2016 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB16 Alabama 2016 Session - Introduced |