Children First Trust Fund, appropriations from for fiscal year ending September 30, 2027, use of allocation pursuant to Section 41-15B-2.2, Code of Alabama 1975 and this act, tobacco settlement revenues deposited in fund within 30 days of receipt
What changed between versions
Removed draft markings, page headers, and redundant text to finalize the bill for signature.
Added a requirement that the Department of Early Childhood Education must certify an approved investment plan before the Executive Budget Office can allot funds.
Clarified that if tobacco revenues are not available at the start of a quarter, agencies will receive equal quarterly allotments for the quarters when funds do become available.
Explicitly listed the specific dollar amounts allocated to each agency (e.g., $8.8 million for Human Resources, $4.3 million for the Multiple Needs Children's Fund) to ensure transparency.
Specified that any remaining funds in the Children First Trust Fund at the end of the fiscal year must stay in the fund and cannot be transferred back to the State General Fund.