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2019 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 (2019)
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.)
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