Section 16-33C-3 – Definitions.
Section 16-33C-3 Definitions. The following terms as used in this chapter shall have the meanings ascribed to them, unless the context clearly indicates otherwise: (1) ABLE PROGRAM. The Achieving a Better Life Experience Program established pursuant to this chapter and defined in Section 529A of the Internal Revenue Code of 1986, as amended, or other […]
Section 16-33C-17 – Charge of Mandatory Fees or Tuition per Credit Hour.
Section 16-33C-17 Charge of mandatory fees or tuition per credit hour. Repealed by Act 2012-198, §3, effective April 12, 2012. (Act 2010-725, p. 1800, §4.)
Section 16-33C-4 – Composition of Aces Board.
Section 16-33C-4 Composition of ACES board. (a) The Savings Board shall consist of 11 members as follows: (1) The Lieutenant Governor, or his or her designee. (2) The Executive Director of the Alabama Commission on Higher Education (ACHE), or his or her designee. (3) The State Treasurer. (4) The Chancellor of the Alabama Community College […]
Section 16-33C-18 – Limits on Increase in Mandatory Fees and Tuition.
Section 16-33C-18 Limits on increase in mandatory fees and tuition. On behalf of all current and future postsecondary students, the Legislature strongly encourages all public institutions of higher education to limit any annual percentage increases in mandatory fees and tuition to the average percentage amount such fees and tuition were annually increased over the previous […]
Section 16-33C-4.1 – Composition of Pact Board.
Section 16-33C-4.1 Composition of PACT board. (a) The PACT board shall consist of 15 members as follows: (1) The Director of Finance. (2) The State Treasurer. (3) Two persons appointed by the Governor. (4) Two persons appointed by the Speaker of the House of Representatives, one of whom shall be a PACT contract holder. (5) […]
Section 16-33C-19 – Changes to Pact Rules, Procedures, or Policies.
Section 16-33C-19 Changes to PACT rules, procedures, or policies. Repealed by Act 2012-198, §3, effective April 12, 2012. (Act 2010-725, p. 1800, §12.)
Section 16-33C-4.2 – Transition for Pact Board.
Section 16-33C-4.2 Transition for PACT board. It is the intent of the Legislature that there be an orderly transition between the current PACT board and the PACT board created in Section 16-33C-4.1. As a result, on June 1, 2010, the PACT-related responsibilities of the current PACT board shall terminate and the term of office of […]
Section 16-33C-20 – Certification That Appropriations No Longer Necessary.
Section 16-33C-20 Certification that appropriations no longer necessary. In the event that the PACT Program’s Board of Directors receives an actuarial report certifying that any appropriation made in Section 16-33C-14, Section 16-33C-15, or Section 16-33C-16 is no longer necessary, the PACT Program’s Board of Directors shall certify to the Legislature that no future appropriations are […]
Section 16-33C-5 – Powers of Board.
Section 16-33C-5 Powers of board. In addition to the powers granted by any other provision of this chapter, the Savings Board and PACT board shall have, as agents of the State of Alabama, the powers necessary or convenient to carry out the purposes and provisions of this chapter, to develop and implement the ABLE Program, […]
Section 16-33C-21 – Disposition of Funds.
Section 16-33C-21 Disposition of funds. Any funds in the PACT Trust Fund remaining after the payment of all of the obligations of the fund shall be transferred to the Education Trust Fund in the fiscal year immediately following the year in which the last obligations are met. (Act 2010-725, p. 1800, §6.)