Alabama § 16-47-123.1 - Annual Administration Expenses.
Full text of Alabama Code of Alabama § 16-47-123.1 — Annual Administration Expenses., with citation guidance and answers to common questions.
§ 16-47-123.1. Annual Administration Expenses.
(a) The Board of Medical Scholarship Awards Fund is created in the State Treasury. All monies received by the board pursuant to Section 16-47-125 or Section 16-47-127 and from fees, gifts, donations, grants, and bequests shall be deposited in the fund and are continuously appropriated for granting scholarships or making loans to medical students.
(b) The board shall establish the fiscal requirements for its annual administration expenses, which may be paid from funds from any source which are available to the board.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 16-47-123.1
What does Code of Alabama § 16-47-123.1 cover?
Section 16-47-123.1 ("Annual Administration Expenses.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 16-47-123.1?
A common citation format is "Code of Alabama § 16-47-123.1" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 16-47-123.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.