Section 16-61-9 Foundation to enter into agreement with university. - Alabama Statutes

Section 16-61-9

Foundation to enter into agreement with university.

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).

(Acts 1985, No. 85-759, p. 1265, §9.)