Alabama Code 22-6-259. Investment of funds
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Terms Used In Alabama Code 22-6-259
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
The State Treasurer shall invest the funds in the Medicaid Emergency Reserve Fund in investments which are eligible investments for the State Treasurer, as authorized by subsections (b), (c), and (d) of Section 41-14-30, Code of Alabama 1975. All interest earned on the investment of money in the reserve fund shall be credited to the State General Fund. The State Treasurer shall receive no fees or compensation for his or her work in complying with this provision.