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Form a Business

Proceeds.

Ala. Code § 5-23-4
in effect
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5-23-4. Proceeds. The net proceeds of the state fees shall be transmitted to the state Comptroller and distributed as follows: (1) Seventy-five percent to the Foundation for Local Schools as provided in Chapter 26C of Title 16, to be allocated to the credit of local school systems. (2) Twenty-five percent to the Penny Trust Fund as established by Amendment 512 of the Constitution of Alabama of 1901, and by Chapter 15A of Title 41. (Acts 1990, No. 90-524, p. 764, §5; Act 98-319, p. 535, §11.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#5-23-4Fetched: 10/20/2026

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