Ala. Admin. Code r. 345-X-1-.03

Current through Register Vol. 43, No. 1, October 31, 2024

Section 345-X-1-.03 - Duty Of Board Of Trustees

The Board shall administer the AFT Trust and the AFT Charitable Trust through the AFT Corporation. The Board and the AFT Corporation shall take all steps necessary to satisfy all federal and state laws to ensure that the AFT Trust and the AFT Charitable Trust are qualified to supplement the provision of government entitlement funding and, where necessary, are qualified as tax exempt entities under the United States Internal Revenue Code.

Ala. Admin. Code r. 345-X-1-.03

Adopted by Alabama Administrative Monthly Volume XXXIV, Issue No. 10, July 29, 2016, eff. 9/4/2016.

Author: Alabama Family Trust Board of Trustees

Statutory Authority:Code of Ala. 1975, § 38-9 B-4(d).