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36-17-3
Section 36-17-3 Duties generally. The powers, functions, and duties of the Treasurer shall
be: (1) To receive all moneys due the state and deposit them in the proper accounts. (2) To
perform the functions and duties now authorized by law with respect to state depositaries.
(3) To pay all warrants duly executed by the Comptroller, and to pay for funds electronically
transferred by the Comptroller in accordance with Section 41-4-50, upon the determination
that there is sufficient money for the payment thereof in the fund upon which they are drawn.
No warrant executed by any other person shall be honored. All checks drawn on the state funds
shall be signed by the Treasurer, or the chief clerk in the office, and countersigned by the
special assistant in the office of the Treasurer, who is appointed by the Treasurer with the
approval of the Governor. Another employee may be designated by the Treasurer, with the approval
of the Governor, to countersign checks in the absence of the special...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-17-3.htm - 7K - Match Info - Similar pages
5-11A-9
Section 5-11A-9 Exemption of trust companies, etc., acting as administrators, etc., from bond
requirement. Any trust company or bank which is authorized by law to act as a guardian, administrator,
executor, receiver or trustee, except as may be otherwise provided in this code for the administration
of the affairs of war veterans, under appointment of any court of this state, and which maintains
the deposit provided for in Section 5-11A-5, shall be entitled as a matter of right to exemption
from giving bond before receiving authority to act in any of the above capacities, provided
its aggregate liabilities, to secure which said bonds or other securities are deposited, do
not exceed five times the par value of said securities. When such company desires exemption
from giving any such bond, it shall file with the officer who would otherwise require such
bonds a sworn statement showing the amount in value of the bonds or other securities on deposit
with the State Treasurer, and that the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-11A-9.htm - 1K - Match Info - Similar pages
24-1A-2
Section 24-1A-2 Definitions. The following words and phrases used in this chapter, and others
evidently intended as the equivalent thereof, shall, in the absence of clear implication otherwise,
have the following respective meanings: (1) AUTHORITY. The public corporation and instrumentality
of the state organized pursuant to the provisions of this chapter. (2) AUTHORIZED INVESTMENTS.
Bonds or other obligations of, or guaranteed by, the United States of America or the state;
interest bearing bank and savings and loan association deposits; obligations of any agency
of the United States of America; any obligations in which a state chartered savings and loan
association may invest its funds; any agreement to repurchase any of the foregoing; or any
combination thereof. (3) BOARD OF DIRECTORS. The board of directors of the authority. (4)
BONDS. Bonds or other securities representing an obligation to pay money. (5) ELIGIBLE HOUSING
UNIT. Real and personal properties located in the state...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-2.htm - 4K - Match Info - Similar pages
23-1-158
Section 23-1-158 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the corporation, remaining after paying the expenses of their issuance,
shall be turned in to the Treasury or shall be deposited into such account or accounts as
specified in the resolution of the board of directors whereunder such bonds are authorized
to be issued, and shall be subject to be drawn on upon the approval of the Department of Transportation
solely for the purpose of constructing, reconstructing, and relocating public roads, bridges
and approaches thereto, tunnels, other public roadway improvements, or work incidental or
related thereto, in the State of Alabama, including the acquisition of property necessary
for such construction, reconstruction, and relocation and incidental and related work. If
action is necessary in order to comply with any federal legislation relating to federal aid
in construction of roads, the corporation may authorize the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-158.htm - 5K - Match Info - Similar pages
5-13B-111
Section 5-13B-111 Asset maintenance. (a) Each foreign bank which is licensed to establish and
maintain an Alabama state branch or Alabama state agency shall hold in this state currency,
bonds, notes, debentures, drafts, bills of exchange, or other evidences of indebtedness, including
loan participation agreements or certificates, or other obligations payable in the United
States or in United States funds or, with the prior approval of the superintendent, in funds
freely convertible into United States funds, or such other assets as the superintendent shall
by regulation or order permit, in an amount which shall bear such relationship as the superintendent
shall by regulation or order prescribe to liabilities of such foreign bank payable at or through
its Alabama state branch or Alabama state agency, including acceptances, but excluding amounts
due and other liabilities to other offices, agencies, or branches of, and wholly owned, except
for a nominal number of directors' shares,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-111.htm - 4K - Match Info - Similar pages
16-13-98
Section 16-13-98 Preference and payment of warrants and care of fund. All warrants issued hereunder
by a county or city board of education shall be payable solely from the county or city board
of education's apportioned share of the proceeds of the special tax in respect of which they
were issued, but this shall not prohibit their payment from any other funds which may be available
therefor under any other provision of law; provided, that in no event shall such warrants
be payable from such other funds if the effect thereof would be to subject such warrants to
any constitutional debt limit or to any constitutional requirement that they be authorized
by vote of the qualified voters. All warrants issued hereunder shall be preferred claims against
the county or city board of education's apportioned share of said tax as herein provided.
All valid pledges of the said tax heretofore made, whether made to secure warrants or otherwise,
shall remain valid and effective, and successive pledges...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-98.htm - 4K - Match Info - Similar pages
35-12-72
Section 35-12-72 Presumption of abandonment. (a) Property is presumed abandoned if it is unclaimed
by the apparent owner during the time set forth below for the particular property: (1) Traveler's
checks, 15 years after issuance. (2) Money order, five years after issuance. (3) A demand,
savings, or time deposit including a deposit that is automatically renewable, three years
after the earlier of maturity, as extended from time to time, or the date of the last indication
by the apparent owner of interest in the property. (4) Tangible and intangible property held
in a safe deposit box or other safekeeping depository in this state in the ordinary course
of the holder's business and proceeds resulting from the sale of the property permitted by
other law, three years after expiration of the lease or rental period on the box or other
depository. (5) Money or credits owed to a customer as a result of a retail business transaction,
one year after the obligation accrued. (6) Property in an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-12-72.htm - 8K - Match Info - Similar pages
11-44C-66
Section 11-44C-66 Director of finance - Powers and duties. The director of finance shall have
general management and control of the several divisions and units of the department of finance.
He or she shall have charge, subject to the direction and control of the mayor, of the administration
of the financial affairs of the city, and to that end shall have authority and be required
to: (1) Cooperate with the mayor in compiling estimates for the general fund, public utility,
and capital budgets; (2) Supervise and control all encumbrances, expenditures, and disbursements
to insure that budget appropriations are not exceeded; (3) Prescribe and install systems of
accounts for all departments, offices, and agencies of the city and provide instructions for
their use; and prescribe the form of receipts, vouchers, bills, or claims to be used and of
accounts to be kept by all departments, offices, and agencies of the city; (4) Require daily,
or at such other intervals, a report of receipts from...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-44C-66.htm - 6K - Match Info - Similar pages
16-65-8
Section 16-65-8 Dedicated source of revenue as security for the repayment of equipment loans.
In order to provide for the funding of an equipment loan by the authority to an educational
institution, such educational institution shall establish a dedicated source of revenue to
secure the repayment of moneys received from the authority. Such educational institution is
hereby authorized and empowered, any existing statute to the contrary notwithstanding, to
do and perform any one or more of the following: (1) To obligate itself to pay to the authority
at periodic intervals a sum sufficient to provide for the payment of debt service with respect
to the bonds of the authority issued to fund the equipment loan made to such educational institution
and to pay over such debt service to the authority for the account of such educational institution.
(2) To levy, collect, and pay over to the authority and to obligate itself to continue to
levy, collect, and pay over to the authority the proceeds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-65-8.htm - 2K - Match Info - Similar pages
26-9-10
Section 26-9-10 Investment of funds of estate by guardian; limitation as to loans of funds
of ward. (a) Every guardian shall invest the funds of the estate in one or more of the following
forms in which the guardian has no interest and not otherwise: (1) Interest-bearing obligations
of the State of Alabama or of the United States or as to which the State of Alabama or the
United States has guaranteed the payment of both principal and interest. (2) Loans secured
by direct first mortgage on improved real estate located within the State of Alabama. Such
loans shall not exceed 50 percent of the actual value fixed by a competent appraiser or of
the value for which such real estate, with improvements, was assessed for taxation for the
last preceding tax year, whichever is the lower, except as provided in subdivision (3) of
this section. (3) Purchase of indebtedness secured by first real estate mortgages which have
been accepted for insurance by the Secretary of Housing and Urban Development...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-9-10.htm - 3K - Match Info - Similar pages
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