Section 16-33C-13 – Dissolution of Aces Program.
Section 16-33C-13 Dissolution of ACES Program. In the event of dissolution of the ACES Program by the Alabama Legislature, any balances which remain in the ACES Trust Fund and in the ACES Administrative Fund after all costs and liabilities of the ACES Program have been paid, shall be returned to contributors according to savings agreements. […]
Section 16-33C-1 – Legislative Intent.
Section 16-33C-1 Legislative intent. The Legislature of Alabama hereby finds and determines that the advancement and improvement of higher education in the State of Alabama is a proper governmental function and purpose of the State of Alabama. Additionally, the Legislature of Alabama intends to establish a qualified ABLE Program in this state which will encourage […]
Section 16-33C-14 – Appropriations From the Education Trust Fund to the Pact Program.
Section 16-33C-14 Appropriations from the Education Trust Fund to the PACT Program. Repealed by Act 2015-538, 2nd Sp. Sess., §2, effective September 17, 2015. (Act 2010-725, p. 1800, §1.)
Section 16-33C-2 – Short Title.
Section 16-33C-2 Short title. This chapter shall be known as the “Wallace-Folsom Savings Investment Plan Act.” (Acts 1989, No. 89-862, p. 1717, §2; Act 2001-427, p. 544, §1; Act 2015-442, §1.)
Section 16-33C-15 – Appropriations From the Education Trust Fund to the Pact Trust Fund; Purpose.
Section 16-33C-15 Appropriations from the Education Trust Fund to the PACT Trust Fund; purpose. Repealed by Act 2015-538, 2nd Sp. Sess., §2, effective September 17, 2015. (Act 2010-725, p. 1800, §2.)
Section 16-33C-2.1 – Creation and Administration of Plan.
Section 16-33C-2.1 Creation and administration of plan. There is hereby created the Wallace-Folsom Savings Investment Plan as an agency and instrumentality of the State of Alabama. The plan consists of the PACT Program, the ACES Program, and the ABLE Program. The plan shall be administered by the State Treasurer in accordance with the provisions of […]
Section 16-33C-16 – Appropriations From the Education Trust Fund to the Pact Trust Fund.
Section 16-33C-16 Appropriations from the Education Trust Fund to the PACT Trust Fund. (a) There is annually appropriated from the Education Trust Fund to the PACT Trust Fund the following amounts in the following fiscal years: (1) For the fiscal year ending 2016 — $33,952,000; (2) For the fiscal year ending 2017 — $63,622,000; (3) […]
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 […]