16-33C-2
Section 16-33C-2 Short title. This chapter shall be known as the "Wallace-Folsom Savings
Investment Plan Act." (Acts 1989, No. 89-862, p. 1717, §2; Act 2001-427, p. 544, §1;
Act 2015-442, §1.)...
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16-33C-2.1
Section 16-33C-2.1 Creation and administration of plan. There is hereby created the Wallace-Folsom
Savings Investment Plan as an agency and instrumentality of the State of Alabama. The plan
consists of the PACT Program, the ACES Program, and the ABLE Program. The plan shall be administered
by the State Treasurer in accordance with the provisions of this chapter and rules, regulations,
and guidelines established by the boards. The facilities and resources of the State Treasurer's
office shall be used and employed in the administration of the plan. The official location
of the plan shall be the State Treasurer's office. (Act 2001-427, p. 544, §2; Act 2015-442,
§1.)...
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10A-2A-1.01
Section 10A-2A-1.01 Short Title. (a) This chapter and the provisions of Chapter 1, to the extent
applicable to business corporations, shall be known and may be cited as the Alabama Business
Corporation Law. (b) This chapter and the provisions of Chapter 1, to the extent applicable
to business corporations, apply to a corporation incorporated and existing under this chapter
or any predecessor law regarding business corporations, and to a foreign corporation that
is transacting business in this state, regardless of whether the foreign corporation is registered
to transact business in this state. Without in any way limiting the generality of any provision
of this chapter or of any provision of Chapter 1, this chapter and the provisions of Chapter
1, to the extent applicable to corporations, shall apply to banks, trust companies, savings
and loan associations, insurance companies, public utilities, and railroad companies, except
to the extent, if any, that any provision of this chapter or...
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16-33C-1
Section 16-33C-1 Legislative intent. The Legislature of Alabama hereby finds and determines
that the advancement and improvement of higher education in the State of Alabama is a proper
governmental function and purpose of the State of Alabama. Additionally, the Legislature of
Alabama intends to establish a qualified ABLE Program in this state which will encourage and
assist Alabama individuals and families in saving private funds for the purpose of supporting
Alabama citizens with disabilities. It is therefore the legislative intent of this chapter
to establish the Wallace-Folsom Savings Investment Plan that consists of the ABLE Program,
ACES Program, and the PACT Program. In establishing this plan, it is further the intent of
the Legislature to encourage timely financial planning for higher education and other qualified
disability expenses. (Acts 1989, No. 89-862, p. 1717, §1; Acts 1990, No. 90-570, p. 970,
§1; Act 2001-427, p. 544, §1; Act 2015-442, §1.)...
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10A-2-1.01
Section 10A-2-1.01 Short title and applicability. REPEALED IN THE 2019 REGULAR SESSION BY ACT
2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) This chapter
and Chapter 1, to the extent applicable to business corporations, shall be known and may be
cited as the "Alabama Business Corporation Law." (b) This chapter applies to a domestic
business corporation formed and existing under this title and to a foreign business corporation
that is transacting business in this state, regardless of whether the foreign corporation
is registered to transact business in this state. Without in any way limiting the generality
of any provision of this chapter or of any provision of Chapter 1, this chapter and the provisions
of Chapter 1 to the extent applicable to business corporations shall apply to banks, trust
companies, savings and loan associations, insurance companies, public utilities, and railroad
companies, except to the extent, if any, that any provision of this...
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16-33C-3
Section 16-33C-3 Definitions. The following terms as used in this chapter shall have the meanings
ascribed to them, unless the context clearly indicates otherwise: (1) ABLE PROGRAM. The Achieving
a Better Life Experience Program established pursuant to this chapter and defined in Section
529A of the Internal Revenue Code of 1986, as amended, or other applicable federal law, to
assist individuals and families to save private funds to support individuals with disabilities
to maintain health, independence, and quality of life. (2) ABLE SAVINGS ACCOUNT. An individual
ABLE trust fund account established by a contributor pursuant to this chapter to apply distributions
from the account toward qualified disability expenses for an eligible designated beneficiary,
both terms as defined in Section 529A of the Internal Revenue Code of 1986, as amended, or
other applicable federal law. (3) ABLE TRUST FUND. The fiduciary trust fund established pursuant
to this chapter comprised of separate and...
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22-30F-3
Section 22-30F-3 Definitions. The following words and phrases, whenever used in this chapter,
shall have the following respective meanings unless the context clearly indicates otherwise:
(1) AUTHORITY. The corporation organized pursuant to this chapter as a public corporation,
agency, and instrumentality of the state and known as the "Alabama Land Recycling Finance
Authority." (2) AUTHORIZING RESOLUTION. A resolution, order, or other proceedings adopted
by the board of directors of the authority authorizing the issuance of agreements and related
matters. (3) BOARD OF DIRECTORS. The board of directors of the authority. (4) DEPARTMENT.
The Alabama Department of Environmental Management or any successor. (5) ELIGIBLE PROPERTY.
Property which qualifies under Section 22-30E-6 for participation in the voluntary cleanup
program established pursuant to Chapter 30E of this title, and which is owned and operated
by an applicant or applicants which qualifies for the limitation of liability as...
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10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise requires,
the following terms mean: (1) AFFILIATE. A person who controls, is controlled by, or is under
common control with another person. An affiliate of an individual includes the spouse, or
a parent or sibling thereof, of the individual, or a child, grandchild, sibling, parent, or
spouse of any thereof, of the individual, or an individual having the same home as the individual,
or a trust or estate of which an individual specified in this sentence is a substantial beneficiary;
a trust, estate, incompetent, conservatee, protected person, or minor of which the individual
is a fiduciary; or an entity of which the individual is director, general partner, agent,
employee or the governing authority or member of the governing authority. (2) ASSOCIATE. When
used to indicate a relationship with: (A) a domestic or foreign entity for which the person
is: (i) an officer or governing person; or (ii) a beneficial...
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16-25-21
Section 16-25-21 Method of financing. Effective October 1, 1997, all the assets of the retirement
system shall be credited according to the purpose for which they are held among three funds,
namely: The Annuity Savings Fund, the Pension Accumulation Fund, and the Expense Fund. The
operation of the former Pension Reserve Fund and the Annuity Reserve Fund shall be discontinued
as of such date, the balance of the former Pension Reserve Fund shall be transferred to the
Pension Accumulation Fund, and the balance of the former Annuity Reserve Fund shall be transferred
to the Pension Accumulation Fund. (1) The Annuity Savings Fund shall be a fund in which shall
be accumulated contributions from the compensation of members to provide for their annuities.
Contributions to and payments from the Annuity Savings Fund shall be made as follows: a. Each
employer shall cause to be deducted from the salary of each member on each and every payroll
of such employer for each and every payroll period five...
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1-2A-1
Section 1-2A-1 Short title. This chapter shall be known and may be cited as the "Alabama
State Flag Act." (Act 2001-472, p. 629, §1.)...
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