The State Treasurer shall invest the funds in the Medicaid Emergency Reserve Fund in investments that are eligible investments for the State Treasurer, as authorized by subsections (b), (c), and (d) of Section 41-14-30. All interest earned on the investment of money in the reserve fund shall be credited to the State General Fund. The State Treasurer shall receive no fees or compensation for his or her work in complying with this section.
Ala. Code § 22-6-259
Investments of Funds.
Known as the Medicaid Emergency Reserve Fund Act
The act spans §§ 22-6-250 to 22-6-259 (10 sections).
(Act 2023-359, §10.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.