Title 29 — Title 29
0 chapters · 259 sections in this title.
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…
Ala. Code § 29-10-1 Repayment Schedule; Reports
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(a) This section shall be known and may be cited as The People’s Trust Act. (b)(1) Notwithstanding any other provision of law to the contrary, the Legislature shall provide for the repayment of all funds transferred from the Alabama Trust Fund to the State General Fund pursuant t…
Ala. Code § 29-11-1 Transfer of Certain State Funds to Offset Costs of Services
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(a) Notwithstanding any other provision of law to the contrary, in order to provide for an increase in receipts into the State General Fund for the funding of the operations of state government, there is hereby established the authority to transfer from the following state depart…
Ala. Code § 29-12-1 Limitation on Appropriations
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The Legislature shall not appropriate any funds from any of the several clearing or holding accounts into which the Department of Revenue deposits tax revenues on a timely basis and from which the state Comptroller makes disbursements, which are limited by statutes to the purpose…
Ala. Code § 29-13-1 Short Title
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This chapter shall be known as the General Fund Budget Reserve Act. History: (Act 2020-115, §1.)
Ala. Code § 29-13-2 Definitions
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As used in this chapter, the following terms shall have the following meanings: (1) Ending Balance. The balance in the General Fund at the conclusion of a fiscal year, excluding General Fund appropriations unexpended and reverted. The term shall not include any balances remaining…
Ala. Code § 29-13-3 General Fund Budget Reserve Fund
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There is hereby created within the State Treasury the General Fund Budget Reserve Fund, to which monies shall be deposited as provided in this chapter and as appropriated by the Legislature. Monies that accrue to the fund shall not be subject to withdrawal except as provided in t…
Ala. Code § 29-13-4 Transfer of Funds
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(a) Beginning on October 1, 2020, and on October 1 of each fiscal year thereafter, there is transferred into the General Fund Budget Reserve Fund established in Section 29-13-3, 20 percent of the ending balance in the General Fund from the previous fiscal year that was unanticipa…
Ala. Code § 29-13-5 Withdrawal of Funds
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(a) Except as provided in subsection (b), amounts in the General Fund Budget Reserve Fund may be withdrawn only to prevent proration in the General Fund. The Governor must certify to the state Comptroller and notify the Legislature that proration would occur in the General Fund b…