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Alabama Code Title 29. Legislature § 29-9-2.1

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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.

Cite this article: - Alabama Code Title 29. Legislature § 29-9-2.1 - last updated December 30, 2022 |

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