2018 Code of Alabama
Title 16 - EDUCATION.
Chapter 33C - WALLACE-FOLSOM PREPAID COLLEGE TUITION TRUST FUND.
Section 16-33C-2.1 - Creation and administration of plan.
There is hereby created the Wallace-Folsom Savings Investment Plan as an agency and instrumentality of the State of Alabama. The plan consists of the PACT Program, the ACES Program, and the ABLE Program. The plan shall be administered by the State Treasurer in accordance with the provisions of this chapter and rules, regulations, and guidelines established by the boards. The facilities and resources of the State Treasurer's office shall be used and employed in the administration of the plan. The official location of the plan shall be the State Treasurer's office.(Act 2001-427, p. 544, §2; Act 2015-442, §1.)