The bill, identified as SB69 Enrolled, involves appropriations from the Children First Trust Fund and other tobacco settlement funds for the fiscal year ending September 30, 2025. It appropriates $39,531,128 to various entities as designated in Section 41-15B-2.2, Code of Alabama 1975, for purposes outlined in the approved plan of investment for each agency. The bill specifies the appropriation of funds to various agencies, including the Alcoholic Beverage Control Board, Children's Trust Fund, Department of Forensic Sciences, Alabama Department of Human Resources, and others. It also details the process for depositing tobacco settlement revenues into the Children First Trust Fund and requires the State Director of Finance to provide written notification of anticipated agency allocations before September 1, 2024. Quarterly allocations are mandated, conditioned upon the receipt of tobacco revenues, and there is a provision for the transfer of a portion of Children First Trust Fund receipts allocated for the State Board of Education to the State General Fund during the fiscal year 2025.

Additionally, the bill appropriates $49,596,888 from additional tobacco settlement funds to entities such as the Department of Early Childhood Education, 21st Century Debt Service, Senior Services Trust Fund, Alabama Medicaid Agency, and Department of Senior Services - Medicaid Waiver. It also allows for conditional appropriation and allocation of extra tobacco revenues based on recommendations and approvals by various officials, including the Director of Finance and the Governor. The bill outlines the responsibilities of the Secretary of the Department of Early Childhood Education in approving plans of investment for each agency, ensuring quality assurance, and reporting to the Joint Interim Legislative Oversight Committee and the Alabama Children's Policy Council. The bill becomes effective immediately upon passage and approval by the Governor or otherwise becoming law.

Statutes affected:
Introduced: 41-15B-2, 41-15B-2
Enrolled: 41-15B-2