36-29-19.5
Section 36-29-19.5 Premium deductions shall be pretax; transfer of funds. Employee's contribution
to the health insurance premium shall be deducted from payroll on a pretax basis as permitted
under Section 125 of the Internal Revenue Code. The board is authorized to transfer the necessary
funds from the State Employees' Insurance Fund to the fund established by the Flexible Employees
Benefit Board for the administration of the flexible employees benefits program. (Act 2004-647,
1st Sp. Sess., p. 17, §2.)...
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45-45A-32.02
Section 45-45A-32.02 Successor to Trustees of Green Academy. (a) The Huntsville City Board
of Education is declared to be the successor to the Trustees of Green Academy, a body corporate
established on November 25, 1812, by the Legislative Council and the House of Representatives
of the Mississippi Territory. (b) With respect to any real, personal, or mixed property owned
by the trustees, and any other provision of law to the contrary notwithstanding, the board
may assign, convey, deed, exchange, lease, sell, or otherwise dispose of or transfer, or encumber,
mortgage, pledge, or subject to security interests, such property, on such terms as the board
deems necessary or appropriate. Any modification to the exterior of any structure located
on such property shall comply with the historic property preservation requirements provided
in Section 11-68-9, and any rules promulgated pursuant to that section. The proceeds of any
action taken by the board relating to the property shall be used by...
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10A-30-1.16
Section 10A-30-1.16 Distribution of assets on dissolution; applicable to professional associations
formed prior to January 1, 1984. In the event of dissolution of a stock-type professional
association, the board of governors, as trustees of the property of such professional association,
shall apply the assets first to the payment of debts of the association and, secondly, to
the holders of the stock as provided in the certificate of formation. In the event of dissolution
of a nonstock-type association, the assets shall be distributed, or sold, and the net proceeds
distributed first to the payment of debts of the association and, secondly, to or among the
members of the association, as the certificate of formation shall provide. (Acts 1961, No.
865, p. 1349, §13; §10-10-16; amended and renumbered by Act 2009-513, p. 967, §370.)...

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11-54B-50
Section 11-54B-50 District management corporation limits, powers, and duties. (a) District
management corporations provided for in this article shall be incorporated under the Alabama
Nonprofit Corporation Act, Chapter 3 of Title 10A, and shall exercise their powers in a manner
consistent with that law. (b) To qualify for designation by ordinance to manage a self-help
business improvement district, the articles of incorporation of a proposed district management
corporation shall provide all of the following: (1) That a board of directors shall manage
the property, business, and affairs of the corporation. (2) The names and addresses of the
initial members of the board of directors. (3) That the initial members of the board shall
be divided into three groups which are as equal in number as is possible, that those groups
will serve for initial terms of one, two, and three years respectively, and that all directors
thereafter elected by the board of directors shall serve for a term of...
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11-91A-5
Section 11-91A-5 Meetings; quorum; reimbursement of expenses; board as body corporate. (a)
The organizational meeting of the board shall be set no later than October 1, 2014, by the
Chief Executive Officer of the SEIB. The first order of business at the organizational meeting
shall be the election of a chair and vice chair by majority vote of the membership of the
board. The Chief Executive Officer of the SEIB shall call the meeting to order and preside
only until the chair and vice chair are elected. Thereafter, the board shall annually elect
a chair and vice chair by majority vote of the membership of the board, provided that any
chair or vice chair may be re-elected and serve successive terms as chair or vice chair. (b)
A majority of the members of the board shall constitute a quorum for the transaction of business
and each member shall be entitled to one vote on all matters. Except where otherwise provided,
a majority vote of the board members present shall be necessary for a...
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16-13-302
Section 16-13-302 Issuance authorized; purposes; refunding warrants; powers of the boards;
mandamus for payment. (a) In addition to all other notes, obligations, warrants, and other
forms or types of indebtedness which any board shall have the power to issue pursuant to laws
other than this article, each board shall have full and continuing power from time to time
to issue and sell warrants for educational and public school purposes, including, without
limitation, the following: (1) For the purpose of paying the costs of public school facilities.
(2) For the purpose of paying or refunding all or any portion (principal or interest or premium)
of any refundable debt then outstanding, whether such refunding shall occur before, at, or
after the maturity of the refundable debt to be refunded. (3) For the payment of extraordinary,
nonrecurring items that are not customarily payable from current revenues, including, without
limitation, casualty losses, legal judgments, and payments due upon...
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16-25A-21
Section 16-25A-21 Flexible employees' benefits programs. Employee premium contributions shall
be deducted, by all employers, from payroll on a pretax basis as permitted under Section 125
of the Internal Revenue Code. The board is authorized to transfer the necessary funds from
the Public Education Employees' Health Insurance Plan to the fund established by the Public
Education Flexible Employees Benefit Board for the administration of the Public Education
Flexible Employees Benefits Program. All public education employees shall be offered flexible
spending accounts by employers for pretax deductions for medical and childcare expenses. (Act
2004-646, 1st Sp. Sess., p. 6, §4.)...
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16-60-198
Section 16-60-198 Alabama Institute of Aviation Technology at Ozark to be operated as additional
vocational trade school. Upon the transfer and conveyance of the Alabama Institute of Aviation
Technology at Ozark to the State of Alabama by the Ozark City Board of Education, the State
Board of Education is hereby authorized, directed and required to provide for the operation
and maintenance of said Alabama Institute of Aviation Technology as an additional vocational
trade school in accordance with the provisions of this article. The State Board of Education
may make such contracts, agreements, rules and regulations as may be necessary for carrying
out the provisions of this section. After the establishment of the trade school herein provided
for, the State Board of Education or any other state authority may expend for the operation,
maintenance and capital improvements at such institution any funds which are made available
to the board or other authority for the operation, maintenance...
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16-60-332
Section 16-60-332 Confirmation as state college; transfer of assets and liabilities; governance;
reversion of assets; facility names. (a)(1) The Marion Military Institute is confirmed as
a state college. All lands, facilities, assets, and proceeds from these lands, facilities,
and assets, hereafter are property of the state and all liabilities, obligations, and responsibilities
of the institute become those of the Alabama State Board of Education. (2) All endowments
and historical documents shall remain the property of the board of trustees to be used for
educational purposes as determined by the board. (b) Due to the unique governance inherent
in the military structure of the institute, the institute shall operate under the control,
management, and direction of the Alabama State Board of Education and the Chancellor. The
administration of the institute shall be by the president, who shall report and be responsible
to the Chancellor and the Alabama State Board of Education concerning...
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11-89A-10
Section 11-89A-10 Security for payment of bonds; contracts and agreements to secure. (a) Any
bonds issued by the authority shall be revenue bonds and shall be payable solely out of such
revenues of the authority as may be designated in the proceedings of the board under which
they shall be authorized to be issued. Any such proceedings may provide that the bonds therein
authorized shall be payable solely out of the revenues derived from the operation of any facility
or facilities owned by the authority, regardless of the fact that those bonds may have been
issued with respect to or for the benefit of a certain facility or facilities of the authority.
(b) As security for payment of the principal and interest on any bonds issued or assumed by
it, any authority may enter into a contract or contracts, and adopt resolutions or other proceedings
containing provisions constituting a part of the contract or contracts with the holders of
such bonds, pertaining to, among other things, the...
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