2017 Code of Alabama
Title 29 - LEGISLATURE.
Chapter 9 - EDUCATION TRUST FUND ROLLING RESERVE ACT.
Section 29-9-2.1 - New recurring revenue.

Universal Citation: AL Code § 29-9-2.1 (2017)
Section 29-9-2.1New recurring revenue.

For purposes of this chapter cited as "The Education Trust Fund Rolling Reserve Act", and notwithstanding the provisions of Section 29-9-3(b)(4), the funds received by the Education Trust Fund under Act 2012-427 after September 30, 2012 totals $10,000,000 and shall be considered "New Recurring Revenue" as defined by Section 29-9-2 and be available for appropriation in FY 2013 because they will be deposited into the Education Trust Fund in FY 2013 for the first time due to a change in statute rather than by a Department of Revenue rule.

(Act 2012-427, p. 1163, §3.)
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.