Alabama § 29-9-2.1 New Recurring Revenue

Alabama Statutes

§ 29-9-2.1 — New Recurring Revenue

Alabama § 29-9-2.1

Title 29Legislature

Ch. 9Education Trust Fund Rolling Reserve Act

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Bluebook

Ala. Code § 29-9-2.1 (2026).

Text

REPEALED BY ACT 2023-390, EFFECTIVE SEPTEMBER 1, 2023.
For purposes of this chapter cited as “The Education Trust Fund Rolling Reserve Act”, and notwithstanding the provisions of Section 29-9-3(b)(4), the funds received by the Education Trust Fund under Act 2012-427 after September 30, 2012 totals $10,000,000 and shall be considered “New Recurring Revenue” as defined by Section 29-9-2 and be available for appropriation in FY 2013 because they will be deposited into the Education Trust Fund in FY 2013 for the first time due to a change in statute rather than by a Department of Revenue rule.

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REPEALED BY ACT 2023-390, EFFECTIVE SEPTEMBER 1, 2023.
For purposes of this chapter cited as “The Education Trust Fund Rolling Reserve Act”, and notwithstanding the provisions of Section 29-9-3(b)(4), the funds received by the Education Trust Fund under Act 2012-427 after September 30, 2012 totals $10,000,000 and shall be considered “New Recurring Revenue” as defined by Section 29-9-2 and be available for appropriation in FY 2013 because they will be deposited into the Education Trust Fund in FY 2013 for the first time due to a change in statute rather than by a Department of Revenue rule.