Ala. Code § 29-9-2.1: New Recurring Revenue.

REPEALED BY ACT 2023-390, EFFECTIVE SEPTEMBER 1, 2023.

For purposes of this chapter cited as “The Education Trust Fund Rolling Reserve Act”, and notwithstanding the provisions of Section 29-9-3(b)(4), the funds received by the Education Trust Fund under Act 2012-427 after September 30, 2012 totals $10,000,000 and shall be considered “New Recurring Revenue” as defined by Section 29-9-2 and be available for appropriation in FY 2013 because they will be deposited into the Education Trust Fund in FY 2013 for the first time due to a change in statute rather than by a Department of Revenue rule.