# Ala. Code § 41-29-3.2: Section 41-29-3.2 Alabama Development Fund > Alabama · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-3.2 ## Section - **Citation:** Ala. Code § 41-29-3.2 - **Heading:** Section 41-29-3.2 Alabama Development Fund - **Jurisdiction:** Alabama - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Alabama Code / Title 41 / Chapter 29 / Section 41-29-3.2 ## Text (a) There is created in the State Treasury a fund to be known as the Alabama Development Fund, which shall be administered by the Department of Commerce. Funds received by the State of Alabama from the following sources shall be deposited into the fund: (i) monies received from taxes collected under Chapter 9I of Title 40; (ii) monies appropriated or otherwise made available by the Legislature in any manner excluding State General Fund or Education Trust Fund monies; (iii) proceeds of any gifts, grants, or contributions; and (iv) monies from any other source designated for deposit into the fund, but not including monies subject to a constitutional designation for some other purpose. (b) No monies shall be withdrawn or expended from the fund for any purpose unless the monies have been appropriated by the Legislature and allocated pursuant to applicable law. Any monies appropriated shall be budgeted and allotted pursuant to the Budget Management Act in accordance with Article 4 of Chapter 4 of this title and only in the amounts provided by the Legislature in the general appropriations act or other appropriations act. (c) Unexpended amounts remaining in the fund at the end of each fiscal year shall not revert to the State Treasury at the end of any fiscal year but shall be carried forward to the succeeding fiscal year. (d) The Alabama Department of Commerce may administer the expenditure of funds in the Alabama Development Fund in furtherance of economic development. (b) No monies shall be withdrawn or expended from the fund for any purpose unless the monies have been appropriated by the Legislature and allocated pursuant to applicable law. Any monies appropriated shall be budgeted and allotted pursuant to the Budget Management Act in accordance with Article 4 of Chapter 4 of this title and only in the amounts provided by the Legislature in the general appropriations act or other appropriations act. (c) Unexpended amounts remaining in the fund at the end of each fiscal year shall not revert to the State Treasury at the end of any fiscal year but shall be carried forward to the succeeding fiscal year. (d) The Alabama Department of Commerce may administer the expenditure of funds in the Alabama Development Fund in furtherance of economic development. (c) Unexpended amounts remaining in the fund at the end of each fiscal year shall not revert to the State Treasury at the end of any fiscal year but shall be carried forward to the succeeding fiscal year. (d) The Alabama Department of Commerce may administer the expenditure of funds in the Alabama Development Fund in furtherance of economic development. (d) The Alabama Department of Commerce may administer the expenditure of funds in the Alabama Development Fund in furtherance of economic development. ## Nearby sections - [Ala. Code § 41-29-1 Section 41-29-1 Creation; Composition; Support](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-1.md) - [Ala. Code § 41-29-2 Section 41-29-2 Powers, Duties, and Functions of Department of Commerce](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-2.md) - [Ala. Code § 41-29-3 Section 41-29-3 Project Notification; Applications](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-3.md) - [Ala. Code § 41-29-3.1 Section 41-29-3.1 Disclosure of Tax Abatement, Grant, Credit, or Exemption, and Realized Benefits](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-3.1.md) - [Ala. Code § 41-29-3.2 Section 41-29-3.2 Alabama Development Fund](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-3.2.md) - [Ala. Code § 41-29-4 Section 41-29-4 Advisory Committees or Councils](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-4.md) - [Ala. Code § 41-29-5 Section 41-29-5 Organization of Department](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-5.md) - [Ala. Code § 41-29-5.1 Section 41-29-5.1 Workforce Development Division Renamed Industrial Development and Training Institute](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-5.1.md) - [Ala. Code § 41-29-6 Section 41-29-6 Effective and Operative Dates](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-6.md) - [Ala. Code § 41-29-220 Section 41-29-220 Created; Purpose](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-220.md) - [Ala. Code § 41-29-221 Section 41-29-221 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-221.md) - [Ala. Code § 41-29-222 Section 41-29-222 Director and Other Employees](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-222.md) - [Ala. Code § 41-29-223 Section 41-29-223 Duties and Functions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-223.md) - [Ala. Code § 41-29-224 Section 41-29-224 Information Required of State Agencies Requiring Regulatory Approval, Etc](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-224.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C29_S41-29-3.2. Check the current official text before relying on it. Not legal advice.