(a) The benefits provided in this chapter shall be paid from an annual appropriation from the Education Trust Fund to reimburse every qualifying school in which benefits are given to veterans, their spouses, widows, or children under this chapter. Reimbursement shall be made timely at the end of each academic quarter or semester for all tuition reimbursements for the certified invoices submitted by the institution or school to the State Department of Veterans’ Affairs, and shall be supported by names of the students receiving such benefits, together with the amounts claimed for each student. Any amount of in-state tuition, books, or fees not paid by the combination of federal, state, and third party funds may be billed to students receiving such benefits or waived by the institution or school.

Terms Used In Alabama Code 31-6-15

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • preceding: means next before. See Alabama Code 1-1-1
  • 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
(b) The Department of Examiners of Public Accounts may audit the records of any two-year or four-year institution of higher education which receives any reimbursement as a result of this chapter to the same extent, degree, and scope as audits performed on other public educational institutions, and the institution shall submit to the Legislature and the State Department of Veterans’ Affairs each year, before any subsequent reimbursement may be applied for or considered, a full accounting of any receipts, disbursements, assets, liabilities, and other resources as of the date of the close of the immediately preceding academic year.