In the event that the PACT Program’s Board of Directors receives an actuarial report certifying that any appropriation made in Section 16-33C-14, Section 16-33C-15, or Section 16-33C-16 is no longer necessary, the PACT Program’s Board of Directors shall certify to the Legislature that no future appropriations are necessary.
Ala. Code § 16-33C-20
Certification That Appropriations No Longer Necessary.
Known as the Wallace-Folsom Savings Investment Plan Act
The act spans §§ 16-33C-1 to 16-33C-9 (28 sections).
(Act 2010-725, p. 1800, §5; Act 2012-198, p. 328, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.