Alabama § 40-18-510 - Transfer from Education Trust Fund.
Full text of Alabama Code of Alabama § 40-18-510 — Transfer from Education Trust Fund., with citation guidance and answers to common questions.
§ 40-18-510. Transfer from Education Trust Fund.
In addition to any other transfers that may be provided by law, the state Comptroller shall direct from the Education Trust Fund to the Refundable Tax Credit Fund the amount needed to make the payments of the one-time refundable tax credit provided for in Section 40-18-511, as well as the amount necessary to offset the administrative cost for the implementation of this article to the Department of Revenue. The fund may accrue interest that shall be used to offset the administrative costs associated with the implementation of this article.Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-18-510
What does Code of Alabama § 40-18-510 cover?
Section 40-18-510 ("Transfer from Education Trust Fund.") 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 § 40-18-510?
A common citation format is "Code of Alabama § 40-18-510" (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 § 40-18-510 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.