Amendment 512 of the Constitution of Alabama created the Penny Trust Fund in 2000. Proceeds from this permanent trust fund are used to promote public health initiatives and health-related public school programs. It is codified in the Code of Alabama, 1975, in Title 41, Chapter 15A. Revenue sources of the fund come from fees from “Educator” and “Retired Educator” license plates and interest income earned on the fund.
The proceeds from the Penny Trust Fund, which are dedicated for the promotion of the public health, shall be transmitted by the Comptroller to the Department of Public Health for the Alabama Drug Assistance Program and other similar programs upon application of the State Health Officer and approval by the board. The proceeds from the Penny Trust Fund which are dedicated for the promotion of the public health of children in public schools shall be transmitted by the Comptroller to the State Board of Education upon application of the State Superintendent of Education and approval by the board. Annual distributions to these two agencies have been made since 2012.
Penny Trust Fund Board of Directors
Kay Ivey, Governor of Alabama
Young Boozer, State Treasurer
Dr. Eric Mackey, State Superintendent of Education
Jim Zeigler, State Auditor
Dr. Scott Harris, State Health Officer
Molly Stone, Medical Outreach Ministries
Dr. Courtney Griffin, Staff, Tuskegee University