In the event of dissolution of the ACES Program by the Alabama Legislature, any balances which remain in the ACES Trust Fund and in the ACES Administrative Fund after all costs and liabilities of the ACES Program have been paid, shall be returned to contributors according to savings agreements. Any unclaimed assets remaining in the ACES Program thereafter shall be administered in accordance with the Alabama Uniform Disposition of Unclaimed Property Act, Article 2 of Chapter 12 of Title 35.
Structure Code of Alabama
Chapter 33C - Wallace-Folsom Prepaid College Tuition Trust Fund.
Section 16-33C-1 - Legislative Intent.
Section 16-33C-2 - Short Title.
Section 16-33C-2.1 - Creation and Administration of Plan.
Section 16-33C-3 - Definitions.
Section 16-33C-4 - Composition of Aces Board.
Section 16-33C-4.1 - Composition of Pact Board.
Section 16-33C-4.2 - Transition for Pact Board.
Section 16-33C-5 - Powers of Board.
Section 16-33C-6 - Pact Program Generally.
Section 16-33C-7 - Pact Contracts.
Section 16-33C-8 - Additional Pact Duties of Board.
Section 16-33C-9 - Dissolution of Pact Program.
Section 16-33C-10 - Aces Program Generally.
Section 16-33C-11 - Aces Savings Agreements.
Section 16-33C-12 - Additional Duties of Savings Board.
Section 16-33C-13 - Dissolution of Aces Program.
Section 16-33C-14 - Appropriations From the Education Trust Fund to the Pact Program.
Section 16-33C-15 - Appropriations From the Education Trust Fund to the Pact Trust Fund; Purpose.
Section 16-33C-16 - Appropriations From the Education Trust Fund to the Pact Trust Fund.
Section 16-33C-17 - Charge of Mandatory Fees or Tuition per Credit Hour.
Section 16-33C-18 - Limits on Increase in Mandatory Fees and Tuition.
Section 16-33C-19 - Changes to Pact Rules, Procedures, or Policies.
Section 16-33C-20 - Certification That Appropriations No Longer Necessary.
Section 16-33C-21 - Disposition of Funds.
Section 16-33C-22 - Dissolution of Pact Program.
Section 16-33C-23 - Actuary Deficits.