Any funds in the PACT Trust Fund remaining after the payment of all of the obligations of the fund shall be transferred to the Education Trust Fund in the fiscal year immediately following the year in which the last obligations are met.
Ala. Code § 16-33C-21
Disposition of Funds.
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, §6.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.