Alabama Statutes
§ 38-14-3 — Matching Funds
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
§ 38-1-1
Definitions§ 38-1-6
State and Local Governments Authorized to Participate in Programs to Provide Assistance to the Aged§ 38-10-1
Short Title§ 38-10-11
Construction of Provisions of Article§ 38-10-2
Definitions§ 38-10-30
Definitions