Section 16-26C-1 Legislative findings and intent.
Section 16-26C-1
Legislative findings and intent.
The Legislature finds and declares that it is necessary, desirable, and in the best interests of the future of the state that the children of Alabama receive the best education possible within the limited resources available. The Legislature also recognizes that individuals, businesses, and corporations interested in enhancing the educational programs of public schools hold considerable wealth. It is the intent of the Legislature by passage of this chapter to authorize the formation of a public corporation to encourage and promote private giving, the creation of perpetual trusts, and the prudent investment of available funds, from any source, to enhance the achievement of academic excellence in Alabama's public schools.
(Acts 1992, 2nd Ex. Sess., No. 92-716, p. 212, §1; Act 98-319, p. 535, §7.)