Alabama Putting Back Millions in Education Trust Fund's Rainy Day Account

By: News Release
By: News Release

Alabama will be putting $260 million back into the Education Trust Fund’s Rainy Day account.

Gov. Robert Bentley made the announced on Friday, Sept. 27. In fiscal year 2009, the state transferred $437 million from the rainy day account to support the trust fund.

Last year, the state resubmitted $14 million. The state has been working to re-fund the account. The $260 million repayment will be made in the first quarter of fiscal year 2014.

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