|Committee: Finance and Taxation Education||Sponsor: Poole|
|Analyst: Daniel Davenport||Date: 05/08/2020|
House Bill 190 as passed the House of Representatives appropriates from the Education Trust Fund (ETF) Advancement and Technology Fund, for the fiscal year ending September 30, 2020, the amount of $66,275,649 to the public institutions of higher education to be expended as provided by the ETF Rolling Reserve Act.
This bill further appropriates for the fiscal year ending September 30, 2020, from the ETF Advancement and Technology Fund, to the Department of Education to be allocated to the local school systems, the Alabama Institute for Deaf and Blind, the Alabama School of Math and Science, the Alabama School of Fine Arts, and the Department of Youth Servicesí School District, the amount of $178,917,280 to be expended as provided by the ETF Rolling Reserve Act. This act further provides that the funds allocated to the local school systems shall not be expended without prior approval of the State Superintendent of Education and that $2 million of this amount shall be distributed to the Ed Farm Classroom of Tomorrow for technology tools and professional development services to classroom teachers
This bill also transfers $15 million from the ETF Advancement and Technology Fund to the Education Trust Fund at the end of Fiscal Year 2020 to reimburse the Education Trust Fund for the first-year cost of the Public School and College Authority bond issue proposed by Senate Bill 242 of the 2020 Regular Session or similar legislation allocating bond proceeds to both public schools and institutions of higher education in the state.
In addition, this bill provides that all funds not expended in the current fiscal year shall not revert but be carried forward for the purpose appropriated.
As substituted and reported by the Committee on Finance and Taxation Education reduces the appropriation from the Education Trust Fund (ETF) Advancement and Technology Fund for the fiscal year ending September 30, 2020, to: (1) the public institutions of higher education from the amount of $66,275,649 to $65,911,419; and (2) the local school systems and other named public K-12 entities from $178,917,280 to $177,934,009.
|†||Arthur Orr, Chairperson|
Finance and Taxation Education