Section 16-33C-14


Published: 2015

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Section 16-33C-14

Section 16-33C-14Appropriations from the Education Trust Fund to the PACT Program.

(a) There is annually appropriated from the Education Trust Fund to the Trust Fund of the Prepaid Affordable College Tuition (PACT) Program the following amounts in the following fiscal years:



(1) For the fiscal year ending 2015 -- $23,558,000



(2) For the fiscal year ending 2016 -- $23,952,000



(3) For the fiscal year ending 2017 -- $22,622,000



(4) For the fiscal year ending 2018 -- $41,783,000



(5) For the fiscal year ending 2019 -- $42,539,000



(6) For the fiscal year ending 2020 -- $81,646,000



(b) These appropriations represent an amount that as of May 1, 2010, is less than or equal to the difference between the Education Trust Fund's portion of the FY 2014 debt service obligations of the Alabama Public School and College Authority (APSCA) and the Education Trust Fund's portion of the debt service obligations of the APSCA for the applicable fiscal year.

(Act 2010-725, p. 1800, §1.)