Alabama September 18 referendum

Trust Fund Payback
7:29 pm
Wed February 20, 2013

Ala. Governor Signs Law To Repay Trust Fund

Gov. Bentley signed a bill today that mandates repaying the Alabama Trust Fund by 2026.
Credit http://governor.alabama.gov / Office of the Governor

Gov. Robert Bentley and legislative leaders kept a promise Wednesday to enact legislation requiring the repayment of $437 million taken from a state trust fund to bolster state budgets.

Bentley signed a bill passed by the Legislature that mandates the repayment to the trust fund through annual appropriations concluding in 2026. The bill was the first passed by the Legislature in the current session.

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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.

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