Ala. Code § 16-33C-12

Additional Duties of Savings Board.

Known as the Wallace-Folsom Savings Investment Plan Act

The act spans §§ 16-33C-1 to 16-33C-9 (28 sections).

(Act 2001-427, p. 544, §2; Act 2010-725, p. 1800, §7; Act 2015-442, §1.)

In addition to any other requirements of this chapter, the Savings Board shall:

(1) Make available summary information on the ABLE Program and ACES Program to all contributors to savings agreements.

(2) Prepare, or cause to be prepared, an annual accounting of the ABLE Program and ACES Program and transmit a copy of same to the Governor, the Lieutenant Governor, and the Speaker of the House of Representatives.

(3) Make all necessary and appropriate arrangements with colleges and universities in order to fulfill its obligations under savings agreements.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.