Senate passes People's Trust Act

file photo
file photo

MONTGOMERY, AL (WAFF) - 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.

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