The respective university foundation receiving a challenge grant from the Alabama Trust Fund for Eminent Scholars shall enter into a written agreement with its university to provide from the earnings from its Eminent Scholars Trust Fund an amount not to exceed said earnings which the university may use as specified in this chapter in Section 16-61-8(d).
Structure Code of Alabama
Chapter 61 - Trust Fund for Eminent Scholars.
Section 16-61-1 - Legislative Intent.
Section 16-61-2 - Establishment; Administration; Funding.
Section 16-61-3 - Raising Funds; Allocation of Matching Funds.
Section 16-61-4 - Challenge Grant Money; Accounting Methods.
Section 16-61-7 - Establishment of Endowed Chair.
Section 16-61-8 - Selection Process for Individual to Fill Endowed Chair; Use of Endowment Proceeds.
Section 16-61-9 - Foundation to Enter Into Agreement With University.
Section 16-61-10 - Provisions Apply to Future Appropriations.