Alabama HB237: Education Opportunities Reserve Fund transfers for the fiscal year ending September 30, 2026

What the bill says

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.

From the enrolled text:

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 or Senate Bill 344 of the 2026 Regular Session is enacted. …

Read the full official text

Sponsors

• Garrett, Danny (R, HD-044) · primary sponsor

Latest actions

1. April 9, 2026: Enacted
2. April 2, 2026: Delivered to Governor
3. April 2, 2026: Signature Requested
4. April 2, 2026: Enrolled
5. April 2, 2026: Ready to Enroll
6. April 2, 2026: Motion to Read a Third Time and Pass - Adopted Roll Call 1104
7. April 2, 2026: Third Reading in Second House
8. April 1, 2026: Read for the Second Time and placed on the Calendar
9. April 1, 2026: Reported Out of Committee Second House
10. March 12, 2026: Pending Committee Action in Second House

Votes

• Senate Roll Call #1104 (April 2, 2026): 33 yea, 0 nay, passed
• Senate Roll Call #1103 (April 2, 2026): 33 yea, 0 nay, passed
• House Roll Call #874 (March 12, 2026): 104 yea, 0 nay, passed
• House Roll Call #873 (March 12, 2026): 105 yea, 0 nay, passed
• House Roll Call #872 (March 12, 2026): 104 yea, 0 nay, passed

Common questions

What is HB237?

HB237 is a bill in the Alabama Legislature (2026 Regular Session): Education Opportunities Reserve Fund transfers for the fiscal year ending September 30, 2026.

What does HB237 do?

In its own words: 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.

What is the status of HB237?

Signed into law as of April 9, 2026. Latest action: Enacted (April 9, 2026).

Who sponsored HB237?

Garrett, Danny (R, HD-044).

Where is the official record for HB237?

On the Alabama Legislature website: https://alison.legislature.state.al.us/instrument/2026RS/HB237