It is the intent of the Legislature that each fiscal year, beginning with the fiscal year ending September 30, 2007, if the beginning of the year balance in the Children First Trust Fund is not equal to or greater than one-half of the total amount of the appropriations for that fiscal year from the Children First Trust Fund, the amount necessary to bring the balance in the Children First Trust Fund to one-half of the appropriations from the Children First Trust Fund for that fiscal year shall be transferred to the Children First Trust Fund from the State General Fund, or from any other fund from which the Finance Director may determine funds are available for transfer to the Children First Trust Fund. Upon receipt by the Children First Trust Fund of that portion of tobacco revenue allocated for deposit to the Children First Trust Fund, any State General Fund monies or other funds transferred to the Children First Trust Fund pursuant to this section shall be repaid from the Children First Trust Fund to the fund from which they were transferred.
Structure Code of Alabama
Section 41-15B-1 - Definitions.
Section 41-15B-2 - Children First Trust Fund.
Section 41-15B-2.1 - Transfer and Use of Funds.
Section 41-15B-2.2 - Allocation of Trust Fund Revenues.
Section 41-15B-2.3 - Appropriations or Allocations to State Board of Education.
Section 41-15B-3 - Eligibility to Receive Allocations.
Section 41-15B-4 - Permanent Joint Interim Legislative Oversight Committee.
Section 41-15B-5 - Budget Request Information.
Section 41-15B-6 - Funding of Programs.
Section 41-15B-7 - Disposition of Funds.
Section 41-15B-8 - Transfer From State General Funds; Repayment.