Alabama Code 29-13-3. General Fund Budget Reserve Fund
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Terms Used In Alabama Code 29-13-3
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
- year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1
There is hereby created within the State Treasury the General Fund Budget Reserve Fund, to which monies shall be deposited as provided in this chapter and as appropriated by the Legislature. Monies that accrue to the fund shall not be subject to withdrawal except as provided in this chapter. Any monetary interest that accrues to the General Fund Budget Reserve Fund shall be retained in the fund from year to year and shall be subject only to this chapter.