There is hereby created the Wallace-Folsom Savings Investment Plan as an agency and instrumentality of the State of Alabama. The plan consists of the PACT Program, the ACES Program, and the ABLE Program. The plan shall be administered by the State Treasurer in accordance with the provisions of this chapter and rules, regulations, and guidelines established by the boards. The facilities and resources of the State Treasurer's office shall be used and employed in the administration of the plan. The official location of the plan shall be the State Treasurer's office.
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.