Alabama § 29-13-4 - Transfer of Funds.
Full text of Alabama Code of Alabama § 29-13-4 — Transfer of Funds., with citation guidance and answers to common questions.
§ 29-13-4. Transfer of Funds.
(a) Beginning on October 1, 2020, and on October 1 of each fiscal year thereafter, there is transferred into the General Fund Budget Reserve Fund established in Section 29-13-3, 20 percent of the ending balance in the General Fund from the previous fiscal year that was unanticipated and unappropriated by the Legislature as a beginning balance in the current fiscal year. The Legislature shall set forth the amount of the beginning balance anticipated and appropriated in the General Fund appropriation each year beginning in the General Fund appropriation act for the fiscal year beginning October 1, 2020. The Director of Finance shall transfer 20 percent of the unanticipated and unappropriated beginning balance by November 15 of each year.
(b) The transfer authorized pursuant to subsection (a) shall be made each year when the balance in the General Fund Budget Reserve Fund at the end of a fiscal year is less than one hundred million dollars ($100,000,000).
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 29-13-4
What does Code of Alabama § 29-13-4 cover?
Section 29-13-4 ("Transfer of Funds.") 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 § 29-13-4?
A common citation format is "Code of Alabama § 29-13-4" (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 § 29-13-4 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.