Education Opportunities Reserve Fund transfers for the fiscal year ending September 30, 2026
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Progress
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill directs the state to transfer funds from the Education Opportunities Reserve Fund to two specific education programs. Specifically, $399.15 million will be sent to the Renewing Alabama's Investment in Student Excellence (RAISE) Fund, and $100.85 million will be allocated to the College and Higher Education Excellence and Results (CHEER) Fund. These transfers are intended to support ongoing and expanded initiatives within these programs during the fiscal year ending September 30, 2026. The bill’s effectiveness is contingent on the enactment of House Bill 565 or Senate Bill 344.
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