{"data":{"id":"us-al/ala.-code-5-23-4","jurisdiction":"us-al","citation":"Ala. Code § 5-23-4","heading":"Proceeds.","body":"The net proceeds of the state fees shall be transmitted to the state Comptroller and distributed as follows:\n(1) Seventy-five percent to the Foundation for Local Schools as provided in Chapter 26C of Title 16, to be allocated to the credit of local school systems.\n(2) Twenty-five percent to the Penny Trust Fund as established by Amendment 512 of the Constitution of Alabama of 1901, and by Chapter 15A of Title 41.","path":["Title 5 Banks and Financial Institutions.","Chapter 23 State Sponsorship of Financial Institution Credit Card."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=5-23-4","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"973ba6f63cedd9f09d4218b2e2d163b04bc5db827e8da9eabbee3a3e9e41f6ce","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-5-23-3","next":"us-al/ala.-code-5-23-5"},"notice":"GroundRules: Original legal text. Not legal advice."}