There is a newer version
of
this Section
2022 Code of Alabama
Title 29 - Legislature.
Chapter 9 - Education Trust Fund Rolling Reserve Act.
Section 29-9-6 - Temporary Transfers Into Education Trust Fund.
Universal Citation: AL Code § 29-9-6 (2022)
Section 29-9-6
Temporary transfers into Education Trust Fund.
THIS SECTION WAS AMENDED BY ACT 2022-358 IN THE 2022 REGULAR SESSION, EFFECTIVE APRIL 13, 2022. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
During the first six months of a fiscal year, the Director of Finance may temporarily transfer available funds in the Budget Stabilization Fund into the Education Trust Fund as necessary to alleviate cash flow problems in the Education Trust Fund. Any funds temporarily transferred shall be repaid to the Budget Stabilization Fund from funds in the Education Trust Fund by September 30 of the fiscal year in which the transfer was made.
(Act 2011-3, p. 90, §6; Act 2015-538, 2nd Sp. Sess., §1; Act 2022-358, §1.)
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
