|
16-33C-21
Section 16-33C-21 Disposition of funds. Any funds in the PACT Trust Fund remaining after the
payment of all of the obligations of the fund shall be transferred to the Education Trust
Fund in the fiscal year immediately following the year in which the last obligations are met.
(Act 2010-725, p. 1800, ยง6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-33C-21.htm - 613 bytes - Match Info - Similar pages
29-9-4
Section 29-9-4 Education Trust Fund Budget Stabilization Fund; Education Trust Fund Advancement
and Technology Fund. There is hereby created in the State Treasury an Education Trust Fund
Budget Stabilization Fund and an Education Trust Fund Advancement and Technology Fund. Any
monetary interest which accrues in the Education Trust Fund Budget Stabilization Fund shall
be retained in the fund from year to year and shall be subject only to the provisions of this
chapter. On or before November 15 of each fiscal year, if the total revenues deposited into
the Education Trust Fund during the immediately preceding fiscal year exceed the fiscal year
appropriation cap for the immediately preceding fiscal year, the excess shall be transferred
to the Education Trust Fund Rainy Day Account until the account has been repaid in full. If
the account has been repaid in full, any excess remaining shall be transferred to the Education
Trust Fund Budget Stabilization Fund and the Education Trust Fund...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/29-9-4.htm - 3K - Match Info - Similar pages
40-13-6
Section 40-13-6 Distribution of tax proceeds. (a) In each fiscal year when the funds then on
deposit in the special fund or funds created for retirement of the bonds equal the amount
needed to pay all the principal and interest becoming payable on the bonds within the succeeding
12 months and the funds then on deposit in the reserve fund or funds created for the bonds
equal the maximum principal and interest becoming due on the bonds in any one year, the severance
tax proceeds remaining in the Alabama State Docks Bulk Handling Facility Trust Fund, shall
be distributed as provided herein; provided however, that if at the end of any fiscal year
of the state, beginning with the fiscal year ending September 30, 1987, the Director of the
Alabama State Docks Department shall have notified the Director of Finance in writing, at
least five days prior to the close of the fiscal year, that the revenues to be derived by
the Alabama State Docks Department from the operations of its coal handling...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-13-6.htm - 13K - Match Info - Similar pages
40-23-35
Section 40-23-35 Disposition of revenues from tax. (a) Such amount of money as shall be appropriated
for each fiscal year by the Legislature to the Department of Revenue with which to pay the
salaries, the cost of operation and management of the department shall be deducted, as a first
charge thereon, from the taxes collected under the provisions of this division; provided,
that the expenditure of the sum so appropriated shall be budgeted and allotted pursuant to
Article 4 of Chapter 4 of Title 41, and limited to the amount appropriated to defray the expenses
of operating the department for each fiscal year. After the payment of the expenses, so much
of the amount remaining as may be necessary, after first applying all sums of money received
by reason of the application of the surplus in the income tax as provided by Section 40-18-58,
for the replacement in the public school fund of the three-mill constitutional levy for schools
and in the General Fund of the one-mill levy for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-23-35.htm - 9K - Match Info - Similar pages
45-37A-40
Section 45-37A-40 Board of education. (a) Beginning with the municipal elections in 2002, a
school board for the City of Bessemer, Alabama, is established and shall be elected in 2002,
and every four years thereafter. The board shall be called the Bessemer City Board of Education.
The board shall be composed of seven members, with one member being elected from each of the
districts from which the Bessemer City Council are elected, by a majority of the qualified
electors voting who reside in the respective districts. (b) Candidates for each place on the
board of education shall be at least 21 years of age, residents of the district which they
seek to represent on the board for at least 90 consecutive days immediately preceding the
deadline date for qualifying as a candidate, and shall not have a record of conviction for
a felony or any other crime involving moral turpitude. Each candidate shall pay a qualifying
fee in an amount prescribed by the Bessemer City Council. (c)(1) The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-40.htm - 4K - Match Info - Similar pages
28-3-190
Section 28-3-190 Levy of tax; collection; disposition of proceeds by localities; enforcement
and administration; penalties; exclusive nature of tax. (a) Levy. In addition to the excise
tax levied by Article 5A of Chapter 3 of this title and the licenses provided for by Chapter
3A of this title and by Section 28-3-194, and any acts amendatory thereof, supplementary thereto
or substituted therefor, and municipal and county licenses, there is hereby levied a privilege
or excise tax on every person licensed under the provisions of Chapter 3A who sells, stores,
or receives for the purpose of distribution, to any person, firm, corporation, club, or association
within the State of Alabama any beer. The tax levied hereby shall be measured by and graduated
in accordance with the volume of sales by such person of beer, and shall be an amount equal
to one and six hundred twenty-five thousands cents (1.625 cents) for each four fluid ounces
or fractional part thereof. (b) Collection. The tax levied...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/28-3-190.htm - 43K - Match Info - Similar pages
16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16A-7.htm - 24K - Match Info - Similar pages
25-4-58
Section 25-4-58 Payment of interest on moneys advanced by federal government - Disposition
of moneys in fund when assessment discontinued. When payment of assessments have been discontinued
under the provisions of Section 25-4-57, and all obligations of the secretary for interest
on advances have been met, all remaining moneys in the Special Interest Payment Fund shall
remain in this fund until such time as the balance in the Unemployment Trust Fund equals at
least 26 times the average weekly payment made from the Unemployment Trust Fund during the
immediately preceding fiscal year as defined in Section 25-4-4(b). Thereafter the secretary
may on the immediately succeeding April 1 transfer any balances to the trust fund but in no
event shall unexpended assessments remain in the special fund when the trust fund equals or
exceeds 50 percent of the minimum normal amount on the preceding October 1, and may thereafter
be expended only in such manner and for such purposes as other moneys in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-58.htm - 1K - Match Info - Similar pages
29-9-5
Section 29-9-5 Withdrawals from Education Trust Fund Budget Stabilization Fund. (a) Except
as provided in Section 29-9-3 and in subdivision (b), amounts in the Education Trust Fund
Budget Stabilization Fund may be withdrawn only to prevent proration in the Education Trust
Fund. The Governor must certify to the state Comptroller and notify the Legislature that proration
would occur in the Education Trust Fund before funds may be withdrawn to prevent proration.
Following the certification and notification by the Governor, withdrawals may be made from
the Education Trust Fund Budget Stabilization Fund to prevent proration; however, the withdrawals
shall be limited to the amount of the anticipated proration and funds allotted only to the
extent necessary to avoid proration of appropriations from the Education Trust Fund. Any funds
withdrawn from the Budget Stabilization Fund in excess of the amount necessary to avoid proration
shall be transferred back to the Budget Stabilization Fund...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/29-9-5.htm - 4K - Match Info - Similar pages
16-13-280
Section 16-13-280 Definitions. As used in this article, the following terms shall have the
following meanings: (1) BOARD. Each county or city board of education; the Board of Trustees
of the Alabama Institute for Deaf and Blind; the Alabama Youth Services Board in its capacity
as the Board of Education for the Youth Services School District; the Board of Directors of
the Alabama School of Fine Arts; and the Board of Directors of the Alabama School of Mathematics
and Science. (2) GROWTH. The amount by which projected revenue in the Education Trust Fund
for the fiscal year for which appropriations for teacher salaries are being made is anticipated
to exceed projected revenue for the prior fiscal year. For purposes of calculating growth,
prior fiscal year projected revenue shall exclude actual beginning of year balance and projected
end of year unappropriated balance. For purposes of calculating growth, projected revenue
for the fiscal year for which appropriations for teacher salaries...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-280.htm - 2K - Match Info - Similar pages
|