Code of Alabama - Title 29: Legislature - Chapter 13 - General Fund Budget Reserve Fund

  • Section 29-13-1 Short title
    This chapter shall be known as the General Fund Budget Reserve Act.
  • Section 29-13-2 Definitions
    As used in this chapter, the following terms shall have the following meanings: (1) Ending Balance. The balance in the General Fund at the conclusion...
  • Section 29-13-3 General Fund Budget Reserve Fund
    There is hereby created within the State Treasury the General Fund Budget Reserve Fund, to which monies shall be deposited as provided in this chapter...
  • Section 29-13-4 Transfer of funds
    (a) Beginning on October 1, 2020, and on October 1 of each fiscal year thereafter, there is transferred into the General Fund Budget Reserve Fund...
  • Section 29-13-5 Withdrawal of funds
    (a) Except as provided in subsection (b), amounts in the General Fund Budget Reserve Fund may be withdrawn only to prevent proration in the General...

Last modified: May 3, 2021