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HB237 ENROLLED
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HB237
XDUYCEZ-3
By Representative Garrett
RFD: Ways and Means Education
First Read: 14-Jan-26
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HB237 Enrolled
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First Read: 14-Jan-26
Enrolled, An Act,
To transfer $500,000,000 from the Educational
Opportunities Reserve Fund for the fiscal year ending September
30, 2026, as follows: $399,150,000 to the Renewing Alabama's
Investment in Student Excellence (RAISE) Fund; and $100,850,000
to the College and Higher Education Excellence and Results
(CHEER) Fund.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
Section 1. Notwithstanding Section 29-9-4, Code of
Alabama 1975, during the fiscal year ending September 30, 2026,
$399,150,000 is transferred from the Educational Opportunities
Reserve Fund to the Renewing Alabama's Investment in Student
Excellence (RAISE) Fund established in Section 16-13-362, Code
of Alabama 1975, to be available for appropriation and used to
provide for the continuation and expansion of the Renewing
Alabama's Investment in Student Excellence (RAISE) Act pursuant
to Article 16, Chapter 13, of Title 16, Code of Alabama 1975.
Section 2. Notwithstanding Section 29-9-4, Code of
Alabama 1975, during the fiscal year ending September 30, 2026,
$100,850,000 is transferred from the Educational Opportunities
Reserve Fund to the College and Higher Education Excellence and
Results (CHEER) Fund established by House Bill or Senate Bill
of the 2026 Regular Session, or other act of the Legislature,
to provide initial funding to implement the CHEER Act. The
provisions of this section are only effective if House Bill 565
or Senate Bill 344 of the 2026 Regular Session is enacted.
Section 3. This act shall become effective immediately
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HB237 Enrolled
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Section 3. This act shall become effective immediately
following its passage and approval by the Governor, or its
otherwise becoming law.
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HB237 Enrolled
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otherwise becoming law.
________________________________________________
Speaker of the House of Representatives
________________________________________________
President and Presiding Officer of the Senate
House of Representatives
I hereby certify that the within Act originated in and
was passed by the House 12-Mar-26, as amended.
John Treadwell
Clerk
Senate 02-Apr-26 Passed
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