It is the intent of the Legislature that there be an orderly transition between the current PACT board and the PACT board created in Section 16-33C-4.1. As a result, on June 1, 2010, the PACT-related responsibilities of the current PACT board shall terminate and the term of office of the members of the PACT board created in Section 16-33C-4.1 shall commence. Additionally, the PACT board created in Section 16-33C-4.1 shall hold its first official meeting prior to July 1, 2010.
Ala. Code § 16-33C-4.2
Transition for Pact Board.
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, §9.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.