Title 29 — Title 29
0 chapters · 259 sections in this title.
Ala. Code § 29-9-1 Short Title
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This chapter shall be known and may be cited as “The Education Trust Fund Rolling Reserve Act.” History: (Act 2011-3, p. 90, §1.)
Ala. Code § 29-9-2 Definitions
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For the purposes of this chapter, the following terms have the following meanings: (1) ALABAMA TRUST FUND. The Alabama Trust Fund created by Section 219.02 of the Constitution of Alabama of 2022. (2) EDUCATION TRUST FUND. An account in the State Treasury into which are deposited …
Ala. Code § 29-9-2.1 New Recurring Revenue
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REPEALED BY ACT 2023-390, EFFECTIVE SEPTEMBER 1, 2023. 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 Septemb…
Ala. Code § 29-9-3 Fiscal Year Appropriation Cap
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(a) Notwithstanding any other provision of law to the contrary, beginning with appropriations made for the fiscal year ending September 30, 2024, appropriations from the Education Trust Fund shall not exceed the fiscal year appropriation cap, or the secondary spending limit, whic…
Ala. Code § 29-9-4 Education Trust Fund Budget Stabilization Fund; Education Trust Fund
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Advancement and Technology Fund; Educational Opportunities Reserve Fund; Disposition of Funds. (a) There is hereby created in the State Treasury an Education Trust Fund Budget Stabilization Fund and an Education Trust Fund Advancement and Technology Fund. Any monetary interest th…
Ala. Code § 29-9-5 Withdrawals from Education Trust Fund Budget Stabilization Fund
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Amounts in the Education Trust Fund Budget Stabilization Fund may be withdrawn only to prevent proration in the Education Trust Fund. The Governor must certify to the state Comptroller and notify the Legislature that proration would occur in the Education Trust Fund before funds …
Ala. Code § 29-9-6 Temporary Transfers into Education Trust Fund
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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 transferre…