(a) The Alabama Law Enforcement Officers’ Family Scholarship Fund is created in the State Treasury. All monies received by the commission from any source as provided in subsections (b) or (c) or pursuant to Section 32-6-730 shall be deposited into the State Treasury to the credit of the fund. Amounts deposited into the fund shall be budgeted and allotted in accordance with Division 4 of Chapter 4 of Title 41 and Chapter 19 of Title 41. (b)(1) Availability of the scholarship to eligible dependents, beginning with the fiscal year that starts on October 1, 2027, shall be subject to an annual appropriation in the Education Trust Fund Appropriation Act which shall not exceed ten million dollars ($10,000,000). This provision does not affect the availability of scholarships from funds provided on hand prior to October 1, 2027. (2) The annual appropriation provided in subdivision (1) shall cease when monies received to the credit of the Alabama Law Enforcement Officers’ Family Scholarship Fund in the preceding fiscal year pursuant to Section 32-6-730 are no less than ten million dollars ($10,000,000). (c) The commission may accept additional funding for the Alabama Law Enforcement Officers’ Family Scholarship Program from public and private sources, including appropriations, loans, federal gifts, grants, corporate sponsorships, and individual donations.
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