Section 16-26C-8 Acceptance of appropriations, gifts, and grants. - Alabama Statutes

Section 16-26C-8

Acceptance of appropriations, gifts, and grants.

The foundation may seek and accept private gifts, devises, grants, or bequests and hold or expend the same to carry out the provisions of this chapter. The foundation may also accept appropriations or grants from the state, any county, any municipality, any local board of education, any local public school under the control of a local board of education, or any organized group recognized by a local school such as a local parent-teacher organization or school booster club. The foundation may hold or expend the monies to carry out the provisions of this chapter. The state Comptroller shall transmit to the treasurer the funds which the state Legislature may from time to time appropriate to the foundation.

(Acts 1992, 2nd Ex. Sess., No. 92-716, p. 212, §8; Act 98-319, p. 535, §10.)