Committee: Sponsor: Poole
Analyst: Daniel DavenportDate: 07/02/2020

FISCAL NOTE

House Bill 190 (Act 2020-154) as enacted appropriates from the Education Trust Fund (ETF) Advancement and Technology Fund, for the fiscal year ending September 30, 2020, the amount of $65,559,353 to the public institutions of higher education to be expended as provided by the ETF Rolling Reserve Act.

This act 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 $176,983,575 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 act 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 (Act 2020-167) 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 act provides that all funds not expended in the current fiscal year shall not revert but be carried forward for the purpose appropriated.