The Craft Training Fund is created for the benefit of the State of Alabama and its citizens and shall continue to exist as a special fund in the State Treasury and shall be funded with the construction industry craft training fees and administered solely in accordance with Section 41-4-412 and the decisions of the Craft Training Board. The revenue received by the fund shall be invested by the State Treasurer in permitted investments until the Craft Training Board uses money for the purposes established in that section. Earnings on permitted investments shall remain a part of the fund.
Structure Code of Alabama
Chapter 4 - Department of Finance.
Article 14 - Stewardship of State-Owned Property and Leased Real Property.
Division 5 - Division of Construction Management.
Section 41-4-410 - Definitions.
Section 41-4-411 - Craft Training Fund.
Section 41-4-412 - Alabama Construction Industry Craft Training Program; Craft Training Board.