Section 16-33B-7

Link to law: http://alisondb.legislature.state.al.us/alison/codeofalabama/1975/16-33B-7.htm
Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
Section 16-33B-7

Section 16-33B-7Dissolution of program; vesting of property.

The loan program may not be dissolved until all guaranteed loans have been repaid by the borrowers, or if in default, by ACHE. Upon dissolution of the loan program, all the property and moneys of the program not owed to the federal government shall vest in the Education Trust Fund, or its successor fund.

(Acts 1980, No. 80-733, p. 1484, §7.)