Ala. Code § 38-14-3
Current through the 2024 Regular Session.
Once the account owner has saved for a minimum of six months, has reached his or her savings goal, and has fulfilled all financial literacy education components in accordance with federal guidelines, the appropriate matching funds shall be transferred from the parallel account directly to the vendor or service provider of the approved asset.
Ala. Code § 38-14-3 (1975)