Alabama bill repay Trust Fund

Trust Fund bill
6:53 am
Wed February 20, 2013

Ala. Legislature Approves Bill to Repay Savings

Alabama Governor Robert Bentley says he'll make good on his promise to voters and sign legislation that requires full repayment of money transferred from the Alabama Trust Fund to the General Fund Budget.
AP Photo/Alabama Governor's Office, Jamie Martin

The Alabama House has given final passage to a bill that requires full repayment of money transferred from an oil and gas revenues savings account to the state's General Fund budget.


The House voted 90-0 Thursday to approve an amendment put on in the Senate that requires repayment of the money even if the Legislature doesn't appropriate the funds.

Read more