TREASURER IVEY RELEASES ALABAMA TRUST FUND 101 DOCUMENT

FROM THE OFFICE OF THE STATE TREASURER

July 07, 2008

Contact: Anthony Leigh
(334) 242-7500


MONTGOMERY - As a result of the constitutional amendment on the November ballot related to rainy day accounts in the Alabama Trust Fund, my office has received a number of inquiries about the current composition of the Alabama Trust Fund. In an attempt to help Alabamians understand the current distributions of the oil and gas royalties and the income in the Alabama Trust Fund, I have prepared a one-page document titled ‘Alabama Trust Fund 101.’ This information, as well as additional information about the Alabama Trust Fund, can be found in a special section on the Treasury website by visiting http://www.treasury.alabama.gov and clicking on ‘Alabama Trust Fund’.

One of the key principles by which I administer the Treasurer’s Office is to provide factual information to our citizens about our state’s finances. The people’s treasury is the people’s business. I hope this information is helpful to you in your efforts to educate the public. Please contact me or Deputy Treasurer Anthony Leigh if we can provide you with additional information.