Ala. Admin. Code r. 335-11-2-.07

Current through Register Vol. 43, No. 02, November 27, 2024

Section 335-11-2-.07 - Maintenance Of The Fund

(1) The Department shall maintain the corpus of the fund in perpetuity.

(2) Payments of principal, interest, and penalties on loans awarded from the DWSRF shall be made to the fund.

(3) All interest earned shall be credited to the DWSRF pursuant to the Act.

Ala. Admin. Code r. 335-11-2-.07

New Rule: Filed October 23, 2012; effective November 27, 2012.

Author: Aubrey H. White III

Statutory Authority:Code of Ala. 1975, §§ 22-23B-1, 22-23B-2, 22-23B-3, 22-23B-12.