Ala. Code § 16-33B-7
Current with legislation from 2024 effective through May 17, 2024.
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)