Ala. Code § 29-9-6

Current through the 2024 Regular Session.

Section 29-9-6 - Temporary transfers into Education Trust Fund

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 transferred shall be repaid to the Budget Stabilization Fund from funds in the Education Trust Fund by September 30 of the fiscal year in which the transfer was made.

Ala. Code § 29-9-6 (1975)

Amended by Act 2022-358,§ 1, eff. 4/13/2022.

Amended by Act 2015SP2-538,§ 1, eff. 9/17/2015.

Act 2011-003, § 6.