reglab/statecodes huggingface dataset:
2023 Code of Alabama › Title 16 - Education. › Chapter 33B - Alabama Guaranteed Student Loan Program. › Section 16-33B-1 - Definitions.

Section 16-33B-1
Definitions.
As used in this chapter, unless the context clearly requires a different meaning, the following words shall have the following meanings:
(1) ACHE. The Alabama Commission on Higher Education.
(2) APPROVED LENDER. Any eligible institution, or any bank, trust company, savings and loan association, credit union, pension fund, or insurance company, whose primary consumer credit function is not the making of insured student loans and which is examined and supervised by the appropriate state or federal regulatory agency or any other institution or agency defined as an eligible lender in accordance with the Federal Student Loan Law.
(3) ELIGIBLE INSTITUTION. Any postsecondary educational institution which is approved by the Alabama Commission on Higher Education for the purposes of this program. However, an institution offering exclusively correspondence, independent study, or home study courses is not an eligible institution.
(4) FEDERAL STUDENT LOAN LAW. Title IV of the Federal Higher Education Act of 1965, as amended (enacted by the Congress of the United States of America as Public Law 89-239) providing for a student loan insurance or guaranty program, as said Title IV (presently codified as 20 U.S.C. §1071, as amended, et seq.) may at any time be amended and supplemented, together with all federal regulations at the time applicable thereto, and any other or future federal student loan insurance or loan guaranty program or loan subsidy program which may be enacted by the Congress of the United States as a supplement thereto or replacement thereof.
(5) FULL-TIME STUDENT. A student who is carrying the normal full-time academic workload and is maintaining satisfactory academic progress as defined by the educational institution in which that student is enrolled.
(6) HALF-TIME STUDENT. A student who is carrying at least one half of the normal full-time academic workload as determined by the educational institution in which that student is enrolled.
(7) RESIDENT OF ALABAMA. For purposes of this chapter, a resident is a person who attends an eligible institution within the State of Alabama, or who lives in Alabama and attends an eligible institution outside the state, or who obtains a guaranteed student loan from an approved lender.
(8) STUDENT LOAN. A loan or extension of credit to an eligible borrower (including without limitation a parent of an eligible borrower) including the promissory note or other written agreement or instrument evidencing such loan or extension of credit in accordance with the applicable requirements of the Federal Student Loan Law.
(Acts 1980, No. 80-733, p. 1484, §1; Acts 1988, 1st Ex. Sess., No. 88-866, p. 366, §1.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33B - Alabama Guaranteed Student Loan Program. › Section 16-33B-2 - Legislative Findings and Purposes.

Section 16-33B-2
Legislative findings and purposes.
The Legislature declares that there exists within the State of Alabama a lack of sufficient availability of loans to residents of Alabama who choose to attend a postsecondary educational institution and who have a financial need in order to pay a portion or all of such residents' educationally related expenses at the postsecondary educational institution.
This chapter establishes a guaranteed student loan program which is intended to provide increased access to educational loans for Alabama residents.
(Acts 1980, No. 80-733, p. 1484, §2.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33B - Alabama Guaranteed Student Loan Program. › Section 16-33B-3 - Administration of Program.

Section 16-33B-3
Administration of program.
The Alabama Guaranteed Student Loan Program created under this chapter shall be administered by the Alabama Commission on Higher Education. The Executive Director of the Alabama Commission on Higher Education shall have the primary responsibility for the administration of the program, including appropriate staffing, in accordance with the Federal Student Loan Law, and rules, regulations, policies, and procedures to be promulgated by the Alabama Commission on Higher Education.
(Acts 1980, No. 80-733, p. 1484, §3; Acts 1988, 1st Ex. Sess., No. 88-866, p. 366, §1.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33B - Alabama Guaranteed Student Loan Program. › Section 16-33B-5 - Audit of Approved and Eligible Institutions.

Section 16-33B-5
Audit of approved and eligible institutions.
Each approved institution and eligible institution shall be subject to examination at any time by ACHE or the Examiner of Public Accounts for the purpose of determining whether such institution has complied with the provisions of this chapter and the rules and regulations promulgated pursuant to this chapter.
(Acts 1980, No. 80-733, p. 1484, §5.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33B - Alabama Guaranteed Student Loan Program. › Section 16-33B-6 - False Statements or Misrepresentations.

Section 16-33B-6
False statements or misrepresentations.
Any person who knowingly makes or furnishes any false statement or misrepresentation, or who accepts such false statement or misrepresentation knowing the same to be false, for the purpose of enabling an individual or institution to wrongfully obtain moneys under this program, shall be guilty of a Class A misdemeanor and, upon conviction thereof, shall be subject to a fine or to imprisonment, or to both, as such misdemeanor is defined in Title 13A.
(Acts 1980, No. 80-733, p. 1484, §6.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33B - Alabama Guaranteed Student Loan Program. › Section 16-33B-7 - Dissolution of Program; Vesting of Property.

Section 16-33B-7
Dissolution 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.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33B - Alabama Guaranteed Student Loan Program. › Section 16-33B-8 - Legal Counsel for Program.

Section 16-33B-8
Legal counsel for program.
The Attorney General or his agent shall act as legal counsel to ACHE for the Alabama Guaranteed Student Loan Program. When the collection of loans on which ACHE has met its guarantee obligation requires legal action outside the State of Alabama, ACHE, upon recommendation of the Attorney General, may employ private, out-of-state counsel and expend its own funds to pay for this service.
(Acts 1980, No. 80-733, p. 1484, §8.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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 and assist Alabama individuals and families in saving private funds for the purpose of supporting Alabama citizens with disabilities. It is therefore the legislative intent of this chapter to establish the Wallace-Folsom Savings Investment Plan that consists of the ABLE Program, ACES Program, and the PACT Program. In establishing this plan, it is further the intent of the Legislature to encourage timely financial planning for higher education and other qualified disability expenses.
(Acts 1989, No. 89-862, p. 1717, §1; Acts 1990, No. 90-570, p. 970, §1; Act 2001-427, p. 544, §1; Act 2015-442, §1.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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 this chapter and rules, regulations, and guidelines established by the boards. The facilities and resources of the State Treasurer's office shall be used and employed in the administration of the plan. The official location of the plan shall be the State Treasurer's office.
(Act 2001-427, p. 544, §2; Act 2015-442, §1.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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 System, or his or her designee.
(5) One person appointed by the Council of College and University Presidents.
(6) One person appointed by the Speaker of the House of Representatives.
(7) One person appointed by the Lieutenant Governor.
(8) One person appointed by the State Treasurer.
(9) Two persons appointed by the Governor.
(10) One person appointed by the State Treasurer who has experience in health and disability related matters.
(b) Members shall serve for terms of office of four years and shall be eligible for reappointment, and shall serve until a successor is appointed. Any person appointed to fill a vacancy on the Savings Board shall be appointed in a like manner and shall serve for only the unexpired term. Ex officio members of the board shall serve terms coincident with their terms of office.
(c) Each person so appointed shall possess knowledge, skill, and experience in business or financial matters commensurate with the duties and responsibilities of the ABLE Program and ACES Program.
(d) Members of the Savings Board shall serve without compensation, but may be reimbursed for each day's official duties of the board at the same per diem and travel rate as is paid the employees of the state.
(e) The State Treasurer shall be the chair and presiding officer of the Savings Board, and the State Treasurer may appoint such other officers as the board may deem advisable or necessary. A majority of the members of the Savings Board shall constitute a quorum for the transaction of the business of the program.
(f) Members of the Savings Board or any committee established by the Savings Board may participate in a meeting of the board or committee by means of telephone conference, video conference, or similar communications equipment by means of which all persons participating in the meeting may hear each other at the same time. Participation by such means shall constitute presence in person at a meeting for all purposes, including the establishment of a quorum. Notice of such meetings must be given in accordance with the Alabama Open Meetings Act and such telephone or video conference or similar communications equipment shall also allow members of the public the opportunity to simultaneously listen to or observe such meetings.
(Acts 1989, No. 89-862, p. 1717, §4; Acts 1990, No. 90-570, p. 970, §1; Act 2001-427, p. 544, §1; Act 2006-62, p. 75, §1; Act 2010-725, p. 1800, §7; Act 2015-442, §1.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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) One person appointed by the Lieutenant Governor.
(6) One person appointed by the Senate President Pro Tempore.
(7) The President of the Council of College and University Presidents or his or her designee.
(8) The Chancellor of the Postsecondary Education Department or his or her designee.
(9) The Executive Director of the Alabama Commission on Higher Education.
(10) One member of the House of Representatives appointed by the Speaker of the House of Representatives.
(11) One member of the Senate appointed by the Lieutenant Governor.
(12) The Chief Executive Officer of the Retirement Systems of Alabama or his or her designee.
(13) The President of the Alabama Association of Independent Colleges and Universities or his or her designee.
(b) Members shall serve for terms of office of four years and shall be eligible for reappointment, and shall serve until a successor is appointed. Any person appointed to fill a vacancy on the PACT board shall be appointed in a like manner and shall serve for only the unexpired term.
(c) With the exception of those members serving on the PACT board by virtue of their respective offices, a person appointed to the PACT board shall be an expert in the field of investments, market analysis, or financial planning, or on similar matters commensurate with the duties and responsibilities of the plan. Additionally, all members of the PACT board have the fiduciary responsibility to devise and implement an investment strategy designed to maximize investment returns in a manner that correlates with future projected benefit payouts.
(d) Members of the PACT board shall serve without compensation, but may be reimbursed for each day's official duties of the PACT board at the same per diem and travel rate as is paid the employees of the state.
(e) The State Treasurer shall be the chair and presiding officer of the PACT board, and the State Treasurer may appoint such other officers as the PACT board may deem advisable or necessary. A majority of the members of the PACT board shall constitute a quorum for the transaction of the business of the plan.
(f) The membership of the PACT board shall be inclusive and reflect the racial, gender, geographic, urban/rural, and economic diversity of the state. The PACT board shall annually report to the Legislature by the fifth legislative day of each regular session the extent to which the PACT board has complied with the diversity provisions provided for in this subsection.
(Act 2010-725, p. 1800, §8.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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 the members of the PACT board created in Section 16-33C-4.1 shall commence. Additionally, the PACT board created in Section 16-33C-4.1 shall hold its first official meeting prior to July 1, 2010.
(Act 2010-725, p. 1800, §9.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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, ACES Program and the PACT Program, and the powers delegated by any other law of the state or any executive order thereof including, but not limited to, the following express powers:
(1) To adopt and amend bylaws.
(2) To adopt the rules and regulations necessary to implement the provisions of this chapter either with or without compliance with the state Administrative Procedure Act.
(3) To invest as they deem appropriate any funds in the plan in any instrument, obligation, security, or property that constitutes legal investments for public funds in the state, including legal investments for the State Treasurer and the Alabama Trust Fund, and to name and use depositories for its investments and holdings.
(4) To contract with a purchaser under the PACT Program.
(5) To enter into savings agreements under the ABLE Program and ACES Program.
(6) To enter into and execute contracts and other instruments for necessary goods and services, to employ necessary personnel, and to engage the services of qualified persons and entities for administrative and technical assistance in carrying out the responsibilities of the plan, under terms and conditions that the PACT board or Savings Board deems reasonable and appropriate. All such contracts awarded by the PACT board or Savings Board may be for periods not exceeding five years, except that professional services contracts awarded by the Savings Board may be for periods not exceeding ten years.
(7) To contract with other states to participate under the rules of another state's qualified ABLE Program or to authorize the participation of a contracting state in the Alabama ABLE Program.
(8) To apply for, accept, and expend gifts, grants, or donations from public or private sources to enable it to carry out its objectives and the purposes of this chapter.
(9) To define the terms and conditions of and enter into PACT contracts and savings agreements.
(10) To delegate to the State Treasurer the responsibilities of the day-to-day administration of the plan.
(11) To establish other policies, procedures, and criteria necessary to implement and administer the provisions of this chapter.
(12) To authorize the State Treasurer to approve marketing material produced for the plan. Neither the state, the State Treasurer, the PACT board, nor the Savings Board is liable for misrepresentation by a marketing agent.
(Acts 1989, No. 89-862, p. 1717, §5; Acts 1990, No. 90-570, p. 970, §1; Act 2001-427, p. 544, §1; Act 2010-725, p. 1800, §7; Act 2015-442, §1.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › Section 16-33C-8 - Additional Pact Duties of Board.

Section 16-33C-8
Additional PACT duties of board.
In addition to any other requirements of this chapter, the PACT board shall:
(1) Make available summary information on the financial condition of the PACT Program to all purchasers of PACT contracts.
(2) Prepare, or cause to be prepared, an annual report of the PACT Program, including details regarding the actuarial soundness of the program, and transmit a copy of same to the Governor, the Lieutenant Governor, and the Speaker of the House of Representatives. Such report shall be submitted not later than the fifth legislative day of the regular legislative session. Additionally, such report shall be presented during annual legislative budget hearings.
(3) Make all necessary and appropriate arrangements with colleges and universities in order to fulfill its obligations under PACT contracts.
(4) Submit, before any PACT-related investment or administrative contract is duly executed, a request for proposals (RFP).
(5) Require, before any PACT-related investment or administrative contract is duly executed, such contract to be approved by a majority vote of the PACT board.
(6) Prepare, or cause to be prepared, a quarterly report detailing the current projected funding status of the PACT Program, with a copy of such report transmitted to the Governor, the Lieutenant Governor, and the Speaker of the House of Representatives.
(7) Establish specific investment guidelines that include failsafe measures designed to limit future susceptibility of PACT investments to extreme market fluctuations.
(Acts 1989, No. 89-862, p. 1717, §8; Acts 1990, No. 90-570, p. 970, §1; Acts 1997, No. 97-547, p. 957, §1; Act 2001-427, p. 544, §1; Act 2010-725, p. 1800, §7.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › Section 16-33C-9 - Dissolution of Pact Program.

Section 16-33C-9
Dissolution of PACT Program.
Repealed by Act 2010-725, p. 1800, §10, effective April 30, 2010.
(Act 2001-427, p. 544, §2.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › Section 16-33C-12 - Additional Duties of Savings Board.

Section 16-33C-12
Additional duties of Savings Board.
In addition to any other requirements of this chapter, the Savings Board shall:
(1) Make available summary information on the ABLE Program and ACES Program to all contributors to savings agreements.
(2) Prepare, or cause to be prepared, an annual accounting of the ABLE Program and ACES Program and transmit a copy of same to the Governor, the Lieutenant Governor, and the Speaker of the House of Representatives.
(3) Make all necessary and appropriate arrangements with colleges and universities in order to fulfill its obligations under savings agreements.
(Act 2001-427, p. 544, §2; Act 2010-725, p. 1800, §7; Act 2015-442, §1.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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. Any unclaimed assets remaining in the ACES Program thereafter shall be administered in accordance with the Alabama Uniform Disposition of Unclaimed Property Act, Article 2 of Chapter 12 of Title 35.
(Act 2001-427, p. 544, §2.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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) For the fiscal year ending 2018 -- $62,783,000;
(4) For the fiscal year ending 2019 -- $61,539,000;
(5) For the fiscal year ending 2020 -- $60,738,300;
(6) For the fiscal year ending 2021 -- $31,881,600;
(7) For the fiscal year ending 2022 -- $32,181,600;
(8) For the fiscal year ending 2023 -- $33,494,400;
(9) For the fiscal year ending 2024 -- $33,728,700;
(10) For the fiscal year ending 2025 -- $38,449,500;
(11) For the fiscal year ending 2026 -- $39,201,000;
(12) For the fiscal year ending 2027 -- $32,500,000.
(b) Beginning with the fiscal year ending September 30, 2017, for budgetary purposes and annual budget calculations, fifty-five percent (55%) of the appropriations made in this section shall be considered to be a portion of the funding received by colleges and universities, and the remainder shall be considered to be the same as appropriations made for debt service.
(Act 2010-725, p. 1800, §3; Act 2012-198, p. 328, §1; Act 2015-538, 2nd Sp. Sess., §3.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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 10-year period, to the extent such limitation is possible.
(Act 2010-725, p. 1800, §11.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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 necessary.
(Act 2010-725, p. 1800, §5; Act 2012-198, p. 328, §1.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › 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.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › Section 16-33C-22 - Dissolution of Pact Program.

Section 16-33C-22
Dissolution of PACT Program.
Once all benefits or obligations owed to the PACT contract holders have been paid, the PACT Program shall be dissolved and the provisions of this chapter shall be void.
(Act 2010-725, p. 1800, §13.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › Section 16-33C-23 - Actuary Deficits.

Section 16-33C-23
Actuary deficits.
The PACT Board is expressly authorized to negotiate, accept, and implement a legally binding resolution with PACT purchasers and beneficiaries to address any actuarial deficit in the PACT Trust Fund, which includes all powers granted elsewhere in this chapter and all other powers necessary or convenient under this section.
(Act 2012-198, p. 328, §2.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › Section 16-33C-24 - Able Program Generally.

Section 16-33C-24
ABLE Program generally.
(a) The ABLE Program includes the ABLE Trust Fund, and may be marketed under a different name than ABLE. The ABLE Trust Fund is hereby created and comprised of separate ABLE Savings Accounts established pursuant to this chapter. The ABLE Trust Fund receives contributions to ABLE Savings Accounts. One or more persons may make contributions to an ABLE Savings Account.
(b) Available sources of funds, public or private, including any administrative fees received from ABLE contracting parties, shall be deposited in the State Treasury Operations Fund. All ABLE Program expenses, including operating, administrative and marketing, shall be paid from the State Treasury Operations Fund. For reporting purposes, ABLE Program expenses will be segregated by unit or such other accounting method as provided in the State's STAARS system, or similar system.
(c) Property and income of the ABLE Program and ABLE Trust Fund shall be exempt from all taxation by the state and by all of its political subdivisions.
(d) The Examiners of Public Accounts shall annually audit the ABLE Program.
(Act 2015-442, §2.)
2023 Code of Alabama › Title 16 - Education. › Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund. › Section 16-33C-25 - Administration of Programs.

Section 16-33C-25
Administration of programs.
(a) In acquiring, investing, reinvesting, exchanging, retaining, selling, and managing property for the benefit of the ABLE Program and ACES Program, the Savings Board, and any person, investment manager, or committee to whom the Savings Board delegates any of its investment authority, shall act as trustee and shall exercise the judgment and care under the circumstances then prevailing which persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but to permanent disposition of funds, considering the probable income as well as the safety of their capital.
(b) No Savings Board member nor any person, investment manager, or committee to whom the Savings Board delegates any of its investment authority who acts within the standard of care set forth in subsection (a) shall be held personally liable for any losses, damages, or claims suffered by the ABLE Program or ACES Program on investments made pursuant to the chapter.
(c) The assets of the ABLE Program and the ACES Program shall be preserved, invested, and expended solely pursuant to and for the purposes of this chapter and shall not be loaned or otherwise transferred or used by the state for any other purpose. A savings agreement, or any other agreement entered into by or on behalf of the ABLE Program or the ACES Program, does not constitute a debt or obligation of the state. A contributor is solely entitled to amounts on deposit in or accrued to the respective savings account.
(d) To the extent necessary to administer the ABLE Program and ACES Program or to comply with federal, state, or local tax reporting requirements, the programs shall obtain all necessary social security numbers and such other data as the Savings Board deems necessary for such purposes, whether from a contributor or from another state agency.
(e) Notwithstanding any other law to the contrary, a contribution to, and continued investment in, an ABLE savings account under the ABLE Program for a designated beneficiary by the guardian or conservator of that designated beneficiary are permitted for all purposes under state law.
(Act 2015-442, p. 1419, §3; Act 2018-280, §1.)
2023 Code of Alabama › Title 16 - Education. › Chapter 34 - Illiteracy. › Section 16-34-1 - Removal of Illiteracy Duty of State Board of Education.

Section 16-34-1
Removal of illiteracy duty of State Board of Education.
The State Board of Education shall be charged with the responsibility for the removal of illiteracy in Alabama. It shall have the power to make research and to collect data and shall endeavor to enlist the services of any and all community agencies of the state for the removal of illiteracy. The State Board of Education is authorized to receive and expend any funds which may be given to it from time to time from public, private or other sources and shall adopt such rules and regulations as may seem to it most satisfactory for carrying on the work outlined in this section.
(School Code 1927, §421; Code 1940, T. 52, §399.)
2023 Code of Alabama › Title 16 - Education. › Chapter 34 - Illiteracy. › Section 16-34-2 - County and City Boards to Cooperate With State Board.

Section 16-34-2
County and city boards to cooperate with state board.
It shall be the duty of county and city boards of education to cooperate with the State Board of Education in the removal of illiteracy in the territory under their respective jurisdictions, and to this end the said boards may appropriate from public school funds such amounts as may be necessary to carry out the provisions of this chapter.
(School Code 1927, §422; Code 1940, T. 52, §400.)
2023 Code of Alabama › Title 16 - Education. › Chapter 34 - Illiteracy. › Section 16-34-3 - Authority to Cooperate With Federal Government.

Section 16-34-3
Authority to cooperate with federal government.
The State Board of Education and county and city boards of education are hereby authorized to cooperate with the federal government in making effective any law enacted or that may be enacted by congress for the removal of illiteracy and for maintaining adult education programs and classes in Alabama and in the counties and cities thereof.
(School Code 1927, §423; Acts 1939, No. 496, p. 721; Code 1940, T. 52, §401.)
2023 Code of Alabama › Title 16 - Education. › Chapter 34 - Illiteracy. › Section 16-34-4 - Legislative Appropriation for Illiteracy and Adult Education Programs and Classes.

Section 16-34-4
Legislative appropriation for illiteracy and adult education programs and classes.
The State Board of Education is hereby authorized to expend the State Illiteracy Fund appropriated for the removal of illiteracy and for otherwise maintaining adult education programs and classes; provided, that the State Board of Education is authorized to provide from said fund the necessary professional and clerical assistants to carry on said program.
(School Code 1927, §424; Acts 1939, No. 496, p. 721, §2; Code 1940, T. 52, §402.)
2023 Code of Alabama › Title 16 - Education. › Chapter 34 - Illiteracy. › Section 16-34-5 - Council on Adult Education.

Section 16-34-5
Council on Adult Education.
(a) The State Board of Education shall establish a Council on Adult Education prior to October 1, 1991. The membership of the council shall be as follows:
(1) The Governor or his designated representative;
(2) The State Superintendent of Education;
(3) The Chancellor of the Alabama Department of Postsecondary Education;
(4) The Executive Director of the Alabama Commission on Higher Education;
(5) A member of, as selected by, the Alabama Council for School Administration and Supervision;
(6) A member of, as selected by, the Alabama Association of School Boards;
(7) A member of, as selected by, the Alabama Education Association;
(8) A member of, as selected by, the Alabama Parent Teacher Association;
(9) The Director of the Alabama Department of Economic and Community Affairs;
(10) The Governor's education liaison; and
(11) Five members of the business/professional community appointed by the Governor.
(b) The Council on Adult Education, created by this section, shall:
(1) Develop long-range recommendations, for submission to the Legislature and the State Board of Education, designed to establish a coordinated system of adult education in the State of Alabama, including a full assessment of the costs of any such recommendations;
(2) Develop recommendations, for submission to the Legislature and the State Board of Education, designed to coordinate existing adult education programs offered by the State of Alabama through different agencies;
(3) Inventory all existing adult education programs in the State of Alabama and recommend to the Legislature and the State Board of Education whether such programs should be abolished, expanded, or continued at present levels;
(4) Develop recommendations, for submission to the Legislature and the State Board of Education, to encourage business and industry to employ participants in adult education programs;
(5) Establish priorities and performance standards prior to December 31, 1992, and design measurement devices and procedures to determine level of accomplishing specific objectives; and
(6) Complete the above directives and submit a written annual report to the Legislature and the State Board of Education beginning with the 1993 Regular Session of the Legislature.
(c) The Council on Adult Education, created by this section, shall be provided with support staff by the Alabama Department of Postsecondary Education and the State Department of Education.
(Acts 1991, No. 91-323, p. 602, §17.)
2023 Code of Alabama › Title 16 - Education. › Chapter 35 - State Courses of Study Committee. › Section 16-35-1 - Composition; Appointment, Qualifications and Terms of Members.

Section 16-35-1
Composition; appointment, qualifications and terms of members.
The State Board of Education shall appoint a courses of study committee as set forth below for the purposes and functions as hereinafter provided. The State Courses of Study Committee shall consist of 28 members to be selected as follows:
(1) One elementary teacher (grades K through six) and one secondary teacher (grades seven through 12) from each of the seven congressional districts who are teaching in the course of study areas to be revised during their terms of office;
(2) Four members from the state at-large actively engaged in a supervisory or administrative capacity in the field of education and who are knowledgeable or who have had previous teaching experience in the course of study areas to be revised during their term of office;
(3) Three members who are employees of state institutions of higher learning and who are specialists in the course of study areas to be revised during their terms of office; and
(4) Seven additional members appointed by the Governor, one from each of the seven congressional districts, each of whom shall be either a business or professional representative not employed in the field of education. The Governor's appointees shall have expertise and be actually involved in the course of study field under consideration and shall be confirmed by the Senate.
Additional standards for membership on the State Courses of Study Committee may be established by the State Board of Education other than those prescribed hereinabove. Said standards shall be sent to every local board of education and every county and city superintendent.
Local boards of education, through their superintendents, shall nominate persons to serve on these committees. Local boards shall furnish credentials of each person recommended, including a summary of each person's qualifications for membership on the committee. All nominations along with said credentials shall be forwarded to the State Superintendent of Education. The State Board of Education, upon the recommendations of the State Superintendent of Education, shall appoint all members of the State Courses of Study Committee from the nominees made by the local boards of education. The Governor's appointments need not be nominated by a local board of education, nor recommended by the State Superintendent of Education, nor approved by the State Board of Education.
The term of office of the members of said committee shall be for a period of one year, beginning on the first day of May 1984; provided, however, that the terms of office for the Governor's initial appointees shall begin immediately upon their initial appointment. The members shall hold office until their successors are appointed.
(Acts 1965, 1st Ex. Sess., No. 221, p. 288, §1; Acts 1984, No. 84-235, p. 356, §1; Acts 1991, No. 91-323, p. 602, §5.)
2023 Code of Alabama › Title 16 - Education. › Chapter 35 - State Courses of Study Committee. › Section 16-35-2 - Oath and Compensation of Members.

Section 16-35-2
Oath and compensation of members.
Before transacting any business, each member of the State Courses of Study Committee and its secretary shall take an oath before someone authorized to administer oaths to discharge faithfully the duties imposed upon him or her as a member or as secretary of said State Courses of Study Committee, and that he or she has no interest as an author, an associate author, a publisher, a representative of authors or publishers, and that he or she is in no way connected with the distribution of books, or pecuniarily interested directly or indirectly in the business or profits of any person, firm or corporation anywhere engaged in manufacturing, publishing or selling school books.
Members of the State Courses of Study Committee shall be paid a per diem at the rate provided by state law during the time they are in session; provided, that the committee shall not remain in session at any one time for a longer period than 30 days and in addition shall receive travel expenses at the rate provided by state law for mileage from their homes to the place of meeting and return, the per diem and mileage to be paid from the appropriations made to the State Department of Education.
(Acts 1959, No. 581, p. 1458, §2; Acts 1995, No. 95-314, p. 634, §29.)
2023 Code of Alabama › Title 16 - Education. › Chapter 35 - State Courses of Study Committee. › Section 16-35-3 - Duties Generally.

Section 16-35-3
Duties generally.
The Courses of Study Committee shall conduct continuing studies and evaluations of the courses taught in the public elementary and secondary schools of the state. It shall prepare the contents of the courses of study for each grade of the elementary and secondary schools and revise the same from time to time. In evaluating the course of study, consideration shall be given to the required basic content, texts used and available, the educational objective of the course, changing scientific, technological and cultural developments, as well as established facts of American history, tradition and patriotism. The committee shall from time to time, but not less than once in each two years, prepare a report of its recommendations with respect to the compulsory minimum content of courses of study and of recommended revisions of courses, materials, subject content and treatment in specific courses and subject areas. The report shall be submitted to the State Superintendent of Education and to the members of the State Textbook Committee for separate written recommendations to the State Board of Education for such action as may be considered advisable.
(Acts 1965, 1st Ex. Sess., No. 221, p. 288, §2.)
2023 Code of Alabama › Title 16 - Education. › Chapter 35 - State Courses of Study Committee. › Section 16-35-4 - Minimum Course Content; Maximum Number of Courses.

Section 16-35-4
Minimum course content; maximum number of courses.
The State Board of Education, on the recommendations of the State Superintendent of Education, shall prescribe the minimum contents of courses of study for all public, elementary and high schools in the state, and shall fix the maximum number of courses which are compulsory in each grade of the elementary schools.
(School Code 1927, §426; Code 1940, T. 52, §403.)
2023 Code of Alabama › Title 16 - Education. › Chapter 35 - State Courses of Study Committee. › Section 16-35-5 - Studies Required to Be Taught in Elementary School.

Section 16-35-5
Studies required to be taught in elementary school.
In every elementary school in the state there shall be taught reading, spelling and writing, arithmetic, oral and written English, geography, history of the United States and Alabama, elementary science, health education, physical education and such other studies as may be prescribed by the State Board of Education.
(School Code 1927, §431; Code 1940, T. 52, §408.)
2023 Code of Alabama › Title 16 - Education. › Chapter 36 - Textbooks. › Article 1 - General Provisions. › Section 16-36-1 - State Textbook Committee - Creation; Duties Generally.

Section 16-36-1
State Textbook Committee - Creation; duties generally.
Repealed by Act 98-320, §13 effective July 1, 1998.
(Acts 1945, No. 412, p. 647, §1.)
2023 Code of Alabama › Title 16 - Education. › Chapter 36 - Textbooks. › Article 1 - General Provisions. › Section 16-36-2 - State Textbook Committee - Composition; Appointment and Terms of Members; Vacancies; Qualifying Affidavits of Members.

Section 16-36-2
State Textbook Committee - Composition; appointment and terms of members; vacancies; qualifying affidavits of members.
Repealed by Act 98-320, §13 effective July 1, 1998.
(Acts 1945, No. 412, p. 647, §5; Acts 1965, 1st Ex. Sess., No. 221, p. 288, §3; Acts 1969, No. 616, p. 1122; Acts 1982, 2nd Ex. Sess., No. 82-736, p. 191.)
2023 Code of Alabama › Title 16 - Education. › Chapter 36 - Textbooks. › Article 1 - General Provisions. › Section 16-36-3 - State Textbook Committee - Meetings; Election of Chairman and Secretary; Compensation and Expenses of Members.

Section 16-36-3
State Textbook Committee - Meetings; election of chairman and secretary; compensation and expenses of members.
Repealed by Act 98-320, §13 effective July 1, 1998.
(Acts 1965, 1st Ex. Sess., No. 221, p. 288, §4; Acts 1969, No. 616, p. 1122; Acts 1995, No. 95-314, p. 634, §30.)
2023 Code of Alabama › Title 16 - Education. › Chapter 36 - Textbooks. › Article 1 - General Provisions. › Section 16-36-4 - Local Textbook Selection Committee - Appointment; Filing of School Board Policies and Names of Members With State Superintendent of Education; Affidavit and Terms of Members.

Section 16-36-4
Local textbook selection committee - Appointment; filing of school board policies and names of members with State Superintendent of Education; affidavit and terms of members.
Repealed by Act 98-320, §13 effective July 1, 1998.
(Acts 1965, 1st Ex. Sess., No. 221, p. 288, §9.)
2023 Code of Alabama › Title 16 - Education. › Chapter 36 - Textbooks. › Article 1 - General Provisions. › Section 16-36-5 - Local Textbook Selection Committee - Selection of Textbooks; Furnishing and Disposition of Samples; Use of Textbooks Not on State List.

Section 16-36-5
Local textbook selection committee - Selection of textbooks; furnishing and disposition of samples; use of textbooks not on state list.
Repealed by Act 98-320, §13 effective July 1, 1998.
(Acts 1965, 1st Ex. Sess., No. 221, p. 288, §10; Acts 1995, No. 95-314, p. 634, §31.)
2023 Code of Alabama › Title 16 - Education. › Chapter 36 - Textbooks. › Article 1 - General Provisions. › Section 16-36-6 - Local Textbook Selection Committee - Adoption to Be for Period of Six Years; Limitation on Textbook Replacement; Report of Local Superintendent.

Section 16-36-6
Local textbook selection committee - Adoption to be for period of six years; limitation on textbook replacement; report of local superintendent.
Repealed by Act 98-320, §13 effective July 1, 1998.
(Acts 1965, 1st Ex. Sess., No. 221, p. 288, §11; Acts 1995, No. 95-314, p. 634, §32.)
2023 Code of Alabama › Title 16 - Education. › Chapter 36 - Textbooks. › Article 1 - General Provisions. › Section 16-36-7 - When Textbooks Considered or Reconsidered for Adoption; Existing Adoptions; When New Adoptions to Be Used.

Section 16-36-7
When textbooks considered or reconsidered for adoption; existing adoptions; when new adoptions to be used.
Repealed by Act 98-320, §13 effective July 1, 1998.
(Acts 1965, 1st Ex. Sess., No. 221, p. 288, §5.)
2023 Code of Alabama › Title 16 - Education. › Chapter 36 - Textbooks. › Article 1 - General Provisions. › Section 16-36-8 - Recommendations of State Textbook Committee.

Section 16-36-8
Recommendations of State Textbook Committee.
Repealed by Act 98-320, §13 effective July 1, 1998.
(Acts 1945, No. 412, p. 647, §6; Acts 1951, No. 88, p. 307; Acts 1965, 1st Ex. Sess., No. 221, p. 288, §6.)
2023 Code of Alabama › Title 16 - Education. › Chapter 36 - Textbooks. › Article 1 - General Provisions. › Section 16-36-9 - Adoption of Textbooks to Be Made at Public Meeting; Notice; Minimum Number of Adoptions for Each Course.

Section 16-36-9
Adoption of textbooks to be made at public meeting; notice; minimum number of adoptions for each course.
Repealed by Act 98-320, §13 effective July 1, 1998.
(Acts 1965, 1st Ex. Sess., No. 221, p. 288, §7.)