41-15B-2.3
Section 41-15B-2.3 Appropriations or allocations to State Board of Education. Notwithstanding
Section 41-15B-2.2, or any other provision of law, beginning with the appropriation from the
Children First Trust Fund for the fiscal year ending September 30, 2006, and each fiscal year
thereafter, the Legislature may, but shall not be required to, make appropriations or allocations
to the State Board of Education from the Children First Trust Fund. If there is no appropriation
or allocation made to the State Board of Education, any tobacco revenue in or received by
the Children First Trust Fund which is allocated for the State Board of Education by Section
41-15B-2.2(b)(2), may be appropriated or allocated by the Legislature to any other entity
or fund which receives appropriations or allocations pursuant to Section 41-15B-2.2. (Act
2005-321, 1st Sp. Sess., p. 782, §3.)...
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41-10-768
Section 41-10-768 Legislative intent. It is the intent of the Legislature that payments allocated
in Section 41-10-757 to the Alabama Trust Fund for the purpose of repaying amounts transferred
to the State General Fund pursuant to Section 4 of Amendment 856 to the Constitution of Alabama
of 1901 shall be in lieu of the fiscal year 2017 State General Fund appropriation of $20,000,000
to the Alabama Trust Fund Board for the same purpose as provided in Act 2016-116 and that
such $20,000,000 be used instead to release a portion of the conditional appropriation to
the Medicaid Agency contained in Act 2016-116. (Act 2016-469, 1st Sp Sess., §19.)...
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22-6-73
Section 22-6-73 Powers of board. The board of directors of the trust fund shall have the following
powers: (1) To transfer funds in the trust fund, upon appropriation by the Legislature, to
the Alabama Medicaid Agency for any purpose for which the Medicaid Agency may expend funds.
(2) To advise the State Treasurer on investments that may be made with trust fund assets.
(3) To make recommendations to the Governor and the Legislature as to the need for appropriations
from the Medicaid Trust Fund to the Medicaid Agency. (4) To advise the Governor and the Legislature
on the continuing status of the tobacco revenues designated by state law for the use and benefit
of the Alabama Medicaid Agency. (Act 2000-772, p. 1768, §4.)...
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23-1-431
Section 23-1-431 (This section terminates April 26, 2018, if no revenue is created.) Alabama
Transportation Safety Fund. There is hereby created the Alabama Transportation Safety Fund
in the State Treasury. All proceeds from the revenues designated to the fund less the cost
of collection authorized by law shall be deposited into the fund to be expended only as provided
in this article. The provisions of this article shall not be superseded, amended, altered,
violated, or overridden by any provision of the state General Fund appropriation act or any
other annual or supplemental appropriation act, administrative rule, inter-agency transfer,
or executive order or directive. The monies allocated to counties and municipalities from
the fund shall be in addition to and shall not diminish any other revenues allocated or distributed
from other sources. Proceeds deposited into the fund shall be distributed as follows: (1)
The first thirty-two million dollars ($32,000,000) of the proceeds paid...
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29-9-2
Section 29-9-2 Definitions. For the purposes of this chapter, the following terms shall have
the following meanings: (1) ALABAMA TRUST FUND. The Alabama Trust Fund created by Amendment
No. 450 to the Constitution of Alabama of 1901. (2) EDUCATION TRUST FUND. An account in the
State Treasury into which are deposited certain revenues paid to the State of Alabama that
are earmarked or set aside for appropriation for public educational purposes. (3) EDUCATION
TRUST FUND RAINY DAY ACCOUNT. The special account created within the Alabama Trust Fund by
Amendment No. 803 to the Constitution of Alabama of 1901. (4) FISCAL YEAR. The fiscal year
of the State of Alabama that begins on October 1 and ends on September 30. (5) FISCAL YEAR
APPROPRIATION CAP. The maximum amount of appropriations that may be made from the Education
Trust Fund for any fiscal year pursuant to this chapter. (6) NEW RECURRING REVENUE. Revenue
of any kind or type constituting a new annual source of money that has been...
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45-27-246.30
Section 45-27-246.30 Trust fund. (a) The Legislature recognizes that there has been a certain
windfall to Escambia County paid during the fiscal year 1983-84 and arising under the oil
and gas severance tax levied under provisions of Section 40-20-2, and distributed under Section
40-20-8. The legislative intent of this section is to establish a trust fund, the corpus of
which is to be composed of four million dollars ($4,000,000) from the oil and gas severance
tax paid to Escambia County during the fiscal year of 1983-84 together with 20 percent of
the annual income thereon each year during the existence of this trust beginning with the
fiscal year 1984-85. (b) Subject to any limitation of the Constitution of Alabama of 1901,
or of any general law of this state, the Escambia County Commission shall establish a trust
fund which shall be entitled the Escambia County Oil and Gas Severance Trust and which shall
hereafter in this section be referred to as the trust. The Escambia County...
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16-13-281
Section 16-13-281 Average salaries to match national average; funding; compliance. (a) The
average salary of Alabama teachers, including the State Minimum Salary Schedule, local salary
supplementals, state incentive pay such as National Board of Professional Teaching Standards
certification, and any other salary compensation paid to Alabama teachers, shall be increased
to the national average for teacher salaries as provided in this article. Beginning in the
fiscal year 2001-2002, and continuing each fiscal year thereafter until such time as the Alabama
teacher salary average has reached the national average for teacher salaries, there shall
be allocated 41.15 percent of the growth in the Education Trust Fund for teacher salaries.
The 41.15 percent of the growth shall not apply to any future new revenue source to the Education
Trust Fund, including any revenue generated from an increase in the rate or a substantial
change in the base of existing revenue sources. Provided, however, an...
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29-10-1
Section 29-10-1 Repayment schedule; reports. (a) This section shall be known and may be cited
as The People's Trust Act. (b)(1) Notwithstanding any other provision of law to the contrary,
the Legislature shall provide for the repayment of all funds transferred from the Alabama
Trust Fund to the State General Fund pursuant to Amendment 856 to the Constitution of Alabama
of 1901. All funds borrowed pursuant to this amendment shall be repaid to the Alabama Trust
Fund by not later than September 30, 2033. (2) The total annual amount repaid pursuant to
this section shall not be less than the following amounts on the following dates: a. September
30, 2014: $5,000,000. b. September 30, 2015: $10,000,000. c. September 30, 2017: $238,434,126.
d. September 30, 2020: $13,500,000. e. September 30, 2021: $13,500,000. f. September 30, 2022:
$13,500,000. g. September 30, 2023: $13,500,000. h. September 30, 2024: $13,500,000. i. September
30, 2025: $13,500,000. j. September 30, 2026: $13,500,000. k....
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41-10-757
Section 41-10-757 Disposition of proceeds of bonds. (a) The authority is authorized and empowered
to apply the proceeds of any bonds and any other funds belonging to the authority for any
of the following purposes or uses: (1) For the purposes for which the bonds were authorized
to be issued, in the following order: a. To repay the General Fund Rainy Day Account for the
$161,565,874 transferred to the State General Fund in fiscal year 2010 pursuant to Amendment
803 to the Constitution of Alabama of 1901. b. To repay a total of $238,434,126 to the Alabama
Trust Fund for amounts transferred to the State General Fund in fiscal years 2013, 2014, and
2015 pursuant to Section 4 of Amendment 856 to the Constitution of Alabama of 1901. c. To
provide one hundred twenty million dollars ($120,000,000) to the Alabama Medicaid Agency to
be distributed fifteen million dollars ($15,000,000) in fiscal year 2017 and one hundred five
million dollars ($105,000,000) in fiscal year 2018. The Alabama...
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16-22-13.1
Section 16-22-13.1 Fiscal year 2000-2001 adjustments. (a) The state Budget Officer shall allocate
to the State Board of Education, the Board of Trustees of the Alabama Institute for Deaf and
Blind, the Board of Youth Services School District, the Board of Directors of the Alabama
School of Fine Arts, and the Board of Trustees of the Alabama School of Mathematics and Science
for disbursement to the employees thereof funds based on the criteria established in this
section. It is not the intent of this section to make appropriations, but the appropriations
required by this section shall be made in the annual budget act for the public schools and
colleges for the designated fiscal years. (1) CERTIFICATED PERSONNEL (K-12). For the fiscal
year beginning October 1, 2000, and each year thereafter, each step and cell on the State
Minimum Salary Schedule contained in the annual budget act for the public schools shall be
increased by the amounts below in addition to the amounts contained in the...
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