EXECUTIVE ORDER NUMBER 29

WHEREAS, pursuant to the provisions of Section 36-13-9, Code of Alabama 1975, Governor Fob James issued Executive Order Number 33, dated August 19,1980, authorizing, and directing the Alabama Commission on Higher Education, an agency and instrumentality of the State of Alabama, to request the incorporation of the Alabama Higher Education Loan Corporation (the “Corporation”) as an Alabama nonprofit corporation for the purpose of issuing its bonds and notes and using the proceeds thereof to acquire student loan notes incurred under the Higher Education Act of 1965;

WHEREAS, the Corporation was created on December 31, 1980, by the filing of Articles of Incorporation with the Judge of Probate of Montgomery County, Alabama, where said Articles are recorded in Corporations Book 121 at Page 283;

WHEREAS, the Corporation’s primary purpose was to purchase Federal Family Education Loan Program student loans on the secondary market and to manage and administer those loans to the benefit of Alabama college and university students;

WHEREAS, the United States Congress enacted the Health Care and Education Reconciliation Act of 2010, Public Law 111-152, which abolished the Federal Family Education Loan Program, thereby eliminating the student lending process that formed the basis of the Corporation’s corporate purposes and responsibilities; and,

WHEREAS, the Corporation’s Board of Directors, at a duly called and noticed meeting held at the State Capitol on February 17, 2012, adopted a resolution requiring the Corporation to grant its residual funding to the ACES Board of Directors to be utilized in the College Counts Scholarship Program, to conclude the business affairs of the Corporation, and to dissolve the Corporation.

NOW, THEREFORE, I, Robert Bentley, Governor of the State of Alabama, in accordance with the powers and authority granted to me by law, find, declare and order that the dissolution of the Alabama Higher Education Loan Corporation as resolved by its Board of Directors, is in order and is due to be and is hereby approved.

DONE and ORDERED this the 20th day of April, 2012.

Robert Bentley

Governor

Attested

Beth Chapman

Secretary of State