During the first six months of a fiscal year, the Director of Finance may temporarily transfer available funds in the Budget Stabilization Fund into the Education Trust Fund as necessary to alleviate cash flow problems in the Education Trust Fund. Any funds temporarily transferred shall be repaid to the Budget Stabilization Fund from funds in the Education Trust Fund by September 30 of the fiscal year in which the transfer was made.
Ala. Code § 29-9-6
Temporary Transfers into Education Trust Fund.
Known as the The Education Trust Fund Rolling Reserve Act
The act spans §§ 29–29 (7 sections).
(Act 2011-3, p. 90, §6; Act 2015-538, 2nd Sp
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.