Section 16-33C-9 Dissolution of PACT Program. - Alabama Statutes

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Section 16-33C-9

Dissolution of PACT Program.

In the event of dissolution of the PACT Program by the Alabama Legislature, any balances which remain in the PACT Trust Fund and in the PACT Administrative Fund after all costs and liabilities of the PACT Program have been paid, shall be transferred to the control of the Alabama Commission on Higher Education or its successor for use in the establishment of a higher education scholarship program to be administered at the commission's discretion pursuant to its statutes.

(Act 2001-427, p. 544, §2.)

State Codes and Statutes

Statutes > Alabama > Title16 > Chapter33C > 16-33C-9

Section 16-33C-9

Dissolution of PACT Program.

In the event of dissolution of the PACT Program by the Alabama Legislature, any balances which remain in the PACT Trust Fund and in the PACT Administrative Fund after all costs and liabilities of the PACT Program have been paid, shall be transferred to the control of the Alabama Commission on Higher Education or its successor for use in the establishment of a higher education scholarship program to be administered at the commission's discretion pursuant to its statutes.

(Act 2001-427, p. 544, §2.)

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State Codes and Statutes

Statutes > Alabama > Title16 > Chapter33C > 16-33C-9

Section 16-33C-9

Dissolution of PACT Program.

In the event of dissolution of the PACT Program by the Alabama Legislature, any balances which remain in the PACT Trust Fund and in the PACT Administrative Fund after all costs and liabilities of the PACT Program have been paid, shall be transferred to the control of the Alabama Commission on Higher Education or its successor for use in the establishment of a higher education scholarship program to be administered at the commission's discretion pursuant to its statutes.

(Act 2001-427, p. 544, §2.)