Ala. Code § 16-33B-7
Current through the 2024 Regular Session.
The loan program may not be dissolved until all guaranteed loans have been repaid by the borrowers, or if in default, by ACHE. Upon dissolution of the loan program, all the property and moneys of the program not owed to the federal government shall vest in the Education Trust Fund, or its successor fund.
Ala. Code § 16-33B-7 (1975)