Section 16-13A-9 Reserve Funds.

Local boards of education must plan to keep a reserve fund equal to one month of operating expenses, and they must plan to replenish it after withdrawals. They may spend the reserve fund only in the listed budget-shortfall situations.

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Jurisdiction: United States — Alabama
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Official source: View official record ↗

Citation provenance: source:global:stored-legal-sources · schema StatuteEnrichmentPublicV1.

budget management reserve funds

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Section 16-13A-9 Reserve Funds.

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