Alabama Statutes

§ 38-14-3 — Matching Funds

Alabama § 38-14-3
JurisdictionAlabama
Title 38Public Welfare
Ch. 14Individual Development Account Program

This text of Alabama § 38-14-3 (Matching Funds) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ala. Code § 38-14-3 (2026).

Text

Once the account owner has saved for a minimum of six months, has reached his or her savings goal, and has fulfilled all financial literacy education components in accordance with federal guidelines, the appropriate matching funds shall be transferred from the parallel account directly to the vendor or service provider of the approved asset.

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Legislative History

(Act 2011-641, p. 1626, §3.)

Nearby Sections

15
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Bluebook (online)
Alabama § 38-14-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/38-14-3.