Senate passes People's Trust Act - WAFF-TV: News, Weather and Sports for Huntsville, AL

Senate passes People's Trust Act

Posted: Updated:
file photo file photo

The Alabama Senate approved a bill that would make legislature pay back money borrowed from the Alabama trust fund

$145,796,943 will be transferred from the Alabama trust fund to the State General fund each year for the next three years under Amendment 856.

The amendment does not require repayment.

Under House Bill 94, or the People's Trust Act, legislature will have to repay all funds by September 30, 2026.

The bill passed 80 votes to 19.

Copyright 2013 WAFF. All rights reserved.

Powered by WorldNow

1414 North Memorial Parkway
Huntsville, AL 35801

WAFF Is a Proud Member
of the Raycom Family of Stations

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WAFF. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.