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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Time to use Alabama Trust Fund

Posted on 14 September 2012

The people of Alabama will vote Tuesday to borrow money from the Alabama Trust Fund in order to bolster our state budget for the short term. This is exactly why the trust fund exists, and this is exactly the type of crisis this fund was created to remedy.
I know this to be an absolute fact, because as a former member of the Alabama Legislature, I was the chief sponsor of the legislation that created the Alabama Trust Fund and campaigned vigorously for the passage of the legislation………………………………………..Full Article: Source


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