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FISCAL NOTE
House Bill 487
Committee: Ways and Means Education Sponsor: Representative Parker Moore
Analyst: John Friedenreich Date: 04/16/2025
House Bill 487 as reported by the Committee on Ways and Means Education could increase the
obligations of the Alabama G.I. Dependent Scholarship Program funded from the Education
Trust Fund (ETF) by:
(1) a department-estimated $2.6 million annually by decreasing the minimum
disability rating for a qualifying veteran from 40%, under current law, to 30%, as provided by
this bill; and
(2) an estimated minimum of $529,000 annually by allowing certain dependents
otherwise ineligible to now be eligible to receive educational benefits from January 1, 2026
through December 31, 2027, pursuant to the provisions of this bill.