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

Summary

The law moves $399.15 million to the Renewing Alabama’s Investment in Student Excellence (RAISE) Fund and $100.85 million to the College and Higher Education Excellence and Results (CHEER) Fund for the fiscal year ending September 30, 2026. The money comes from the Educational Opportunities Reserve Fund and is meant to support the continuation of the RAISE Act and the initial implementation of the CHEER Act, provided related legislation is enacted. The transfer takes effect once the Governor signs the bill.

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