Alabama Statutes

§ 41-15B-2 — Children First Trust Fund

Alabama·Title 41 State Government·Ch. 15B Children First
(a)There is established a special fund in the State Treasury to be known as the Children First Trust Fund.
(b)The existence of the fund is contingent upon the receipt by the state of tobacco revenues.
(c)The fund shall consist of tobacco revenues and any appropriations or revenues received from any other source. The amounts provided for in Section 41-15B-2.1 shall be deposited into the fund from tobacco revenues with the remainder of the tobacco revenues being distributed as provided in Division 1, Article 17, Chapter 10 of this title.
(d)The council shall keep detailed permanent records of all expenditures and distributions from the fund and shall file a monthly written report of all transactions, and any other information requested, with the permanent Joint Legislative Oversight Comm

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Legislative History

(Act 98-382, p. 716, § 2; Act 99-390, p. 628, § 2.)

Nearby Sections

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