§ 16-13-16 — Name of “Alabama Special Educational Trust Fund” Changed to “Education Trust Fund.”

Alabama § 16-13-16

• Jurisdiction: Alabama
• Title 16: Education
• Ch. 13: School Finances Generally
• Art. 1: General Provisions

Text

The name of the “Alabama Special Educational Trust Fund” is changed to the “Education Trust Fund.” All references to the “Alabama Special Educational Trust Fund” or the “Alabama Special Education Trust Fund” contained in the Code of Alabama 1975, are changed to the “Education Trust Fund.” All other laws, rules, regulations, and legal references of any kind to the “Alabama Special Educational Trust Fund” or the “Alabama Special Education Trust Fund” shall be changed to the “Education Trust Fund” when the Code of Alabama 1975 is next reprinted and as other laws, rules, regulations and legal references are appropriate, timely and economically feasible.
Any and all funds for public education which are dedicated to the Alabama Special Educational Trust Fund prior to and on October 1, 1996, shall continue to be deposited into the “Education Trust Fund.” It is not the intent of this section to redirect the deposit or expenditure of any funds earmarked for the public schools and colleges, nor is it the intent of this section to create a new fund for public schools or colleges. It is the intent of this section only to rename the primary education trust fund of the state from the “Alabama Special Educational Trust Fund” to the “Education Trust Fund”.

Legislative History

(Acts 1995, No. 95-264, p. 473, §1.)