Welcome


Law should be interactive.

Rabbit Crowd Library is an experiment in enabling people to interact with the law directly without bias.

Give law accountability. Use - , and to comment and respond to text you agree and disagree with.

0
0
0
Section 25-4-56 Payment Of Interest On Moneys Advanced By Federal Government - Creation Of Special Interest Payment Fund; Deposits; Administration; Disposition.

Section 25-4-56

Payment of interest on moneys advanced by federal government - Creation of Special Interest Payment Fund; deposits; administration; disposition.

There is hereby created a special fund, to be known as the "Special Interest Payment Fund," into which shall be deposited all moneys collected under the provisions of Section 25-4-55. All moneys in the Special Interest Payment Fund shall be deposited, administered and disbursed in the same manner and under the same conditions and requirements as is provided by law in Section 25-4-31.

Moneys in this fund shall be used by the secretary for the payment of interest on moneys advanced by the federal government, shall be continuously available to the secretary for expenditures in accordance with the provisions of Sections 25-4-55 through 25-4-58 and appropriate federal laws and shall not lapse at any time. Any interest earned on moneys in this special fund shall accrue to the special fund.

(Acts 1983, 2nd Ex. Sess., No. 83-178, p. 347, §2; Acts 1984, No. 84-73, p. 94, §2.)

Share this law:
Facebook Twitter LinkedIn Pinterest Reddit
Local Government
Alabama
0
1
0
Kay Ivey
Kay Ivey
April 10, 2017 -
Republican
1-334-242-3935
600 Dexter Ave., Montgomery, AL, 36104

Keywords
payment
fund
moneys
special
federal
deposited
secretary
government
advanced
collected