FISCAL NOTE

House Bill 139 as introduced appropriates $76,591,969 from the Education Trust Fund (ETF) Advancement and Technology Fund to the public institutions of higher education for the fiscal year ending September 30, 2022, to be expended as provided by the ETF Rolling Reserve Act.

This bill further appropriates $205,722,699 from the ETF Advancement and Technology Fund, to the Department of Education to be allocated to the local school systems, the Board of Trustees of the Alabama Institute for Deaf and Blind, the Board of Youth Services School Districts, the Board of Directors of the Alabama School of Fine Arts, the Board of Trustees of the Alabama School of Math and Science, and the Board of Trustees of the Alabama School of Cyber and Engineering, for the fiscal year ending September 30, 2022, to be expended as provided by the ETF Rolling Reserve Act. This bill further provides that the funds allocated to the local school systems and other schools listed above shall not be expended without prior approval of the State Superintendent of Education and that $2 million of this amount shall be distributed to the Ed Farm Classroom of Tomorrow for technology tools and professional development services to classroom teachers.

In addition, this bill provides that all funds not expended in the current fiscal year shall not revert but be carried forward for the purpose appropriated.