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2023 Code of Alabama
Title 38 - Public Welfare.
Chapter 14 - Individual Development Account Program.
Section 38-14-5 - Financial Literacy Education.
Universal Citation: AL Code § 38-14-5 (2023)
Section 38-14-5
Financial literacy education.
Before becoming eligible to receive matching funds to pay for qualified purposes, individual development account owners shall complete a financial literacy education course offered by a qualified financial institution, a qualified fiduciary organization, an Indian tribe, or a governmental entity in accordance with federal guidelines.
(Act 2011-641, p. 1626, §5.)
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