Alabama Statutes
§ 22-6-259 — Investments of Funds
Alabama·Title 22 Health, Mental Health, and Environmental Control·Ch. 6 Medicaid Program·Art. 12 Medicaid Emergency Reserve Fund Act
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.
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Legislative History
(Act 2023-359, §10.)
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