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16-33C-25
Section 16-33C-25 Administration of programs. (a) In acquiring, investing, reinvesting,
exchanging, retaining, selling, and managing property for the benefit of the ABLE Program
and ACES Program, the Savings Board, and any person, investment manager, or committee to whom
the Savings Board delegates any of its investment authority, shall act as trustee and shall
exercise the judgment and care under the circumstances then prevailing which persons of prudence,
discretion, and intelligence exercise in the management of their own affairs, not in regard
to speculation but to permanent disposition of funds, considering the probable income as well
as the safety of their capital. (b) No Savings Board member nor any person, investment manager,
or committee to whom the Savings Board delegates any of its investment authority who acts
within the standard of care set forth in subsection (a) shall be held personally liable for
any losses, damages, or claims suffered by the ABLE Program or ACES...
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16-33C-4
Section 16-33C-4 Composition of ACES board. (a) The Savings Board shall consist of 11
members as follows: (1) The Lieutenant Governor, or his or her designee. (2) The Executive
Director of the Alabama Commission on Higher Education (ACHE), or his or her designee. (3)
The State Treasurer. (4) The Chancellor of the Alabama Community College System, or his or
her designee. (5) One person appointed by the Council of College and University Presidents.
(6) One person appointed by the Speaker of the House of Representatives. (7) One person appointed
by the Lieutenant Governor. (8) One person appointed by the State Treasurer. (9) Two persons
appointed by the Governor. (10) One person appointed by the State Treasurer who has experience
in health and disability related matters. (b) Members shall serve for terms of office of four
years and shall be eligible for reappointment, and shall serve until a successor is appointed.
Any person appointed to fill a vacancy on the Savings Board shall be...
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16-33C-5
Section 16-33C-5 Powers of board. In addition to the powers granted by any other provision
of this chapter, the Savings Board and PACT board shall have, as agents of the State of Alabama,
the powers necessary or convenient to carry out the purposes and provisions of this chapter,
to develop and implement the ABLE Program, ACES Program and the PACT Program, and the powers
delegated by any other law of the state or any executive order thereof including, but not
limited to, the following express powers: (1) To adopt and amend bylaws. (2) To adopt the
rules and regulations necessary to implement the provisions of this chapter either with or
without compliance with the state Administrative Procedure Act. (3) To invest as they deem
appropriate any funds in the plan in any instrument, obligation, security, or property that
constitutes legal investments for public funds in the state, including legal investments for
the State Treasurer and the Alabama Trust Fund, and to name and use...
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16-33C-11
Section 16-33C-11 ACES savings agreements. (a) Each savings agreement made pursuant
to this chapter shall include, but shall not be limited to, the following terms and provisions:
(1) The maximum and minimum annual contributions and maximum account balance allowed on behalf
of a designated beneficiary. (2) Provisions for withdrawals, refunds, transfers, returns of
excess contributions and any penalties. (3) The terms and conditions for remitting contributions,
including, but not limited to, that contributions may be made in cash only. (4) The name,
address, date of birth, and Social Security number of the designated beneficiary on whose
behalf the ABLE or ACES savings account is opened. (5) Terms and conditions for designation
of a substitute beneficiary. (6) Terms and conditions for termination of the account, including
any transfers to the state upon the death of the qualified beneficiary, if applicable, refunds,
withdrawals, transfers, applicable penalties, the name of the person...
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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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16-33C-6
Section 16-33C-6 PACT Program generally. (a) The PACT Program is established as one
college savings alternative under the plan whereby purchasers enter into PACT contracts for
the future payment of tuition and mandatory fees at eligible educational institutions. The
PACT Program includes the PACT Trust Fund and the PACT Administrative Fund created pursuant
to this chapter. (b) The official location of the trust fund shall be the State Treasurer's
office, and the facilities of the State Treasurer shall be used and employed in the administration
of the fund including, but without limitation thereto, the keeping of records, the management
of bank accounts and other investments, the transfer of funds, and the safekeeping of securities
evidencing investments. The PACT Trust Fund is hereby created as the source for payment of
the PACT Program's obligations under PACT contracts. The amounts on deposit in the PACT Trust
Fund shall not constitute property of the state, and the state may have no...
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40-18-19
Section 40-18-19 Exemptions - Generally. (a) The following exemptions from income taxation
shall be allowed to every individual resident taxpayer: (1) Retirement allowances, pensions
and annuities, or optional allowances, approved by the Board of Control of the Teachers' Retirement
System of Alabama, which exempt status is set out in Section 16-25-23. (2) Retirement
allowances, pensions and annuities or optional allowances, approved by the Board of Control
of the Employees' Retirement System of Alabama, which exempt status is set out in Section
36-27-28. (3) The first eight thousand dollars ($8,000) of any retirement compensation, retirement
allowances, pensions and annuities, or optional allowances, received by any eligible firefighter,
as defined in Sections 36-32-1 and 36-32-2, or his or her designated beneficiary, from any
firefighting agency established in the State of Alabama, but only if such retirement compensation,
retirement allowances, pensions and annuities, or optional...
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38-15-4
Section 38-15-4 Registration of certain youth residential institutions or organizations;
staff training plans; rights of children; licensing and inspection of food preparation areas;
access by law enforcement agencies. (a) Commencing on January 1, 2018, the department shall
register any religious, faith-based, or church nonprofit, other nonprofit, or for profit affiliated
youth residential facility, youth social rehabilitation facility, community treatment facility
for youths, youth transitional care facility, long term youth residential facility, private
alternative boarding school, private alternative outdoor program, and any organization entrusted
with the residential care of children in any organizational form or combination defined by
this section, whenever children are housed at the facility or location of the program
for a period of more than 24 hours. At a minimum, registered youth residential institution
or organization under this section shall do all of the following: (1) Be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/38-15-4.htm - 13K - Match Info - Similar pages
22-18-50
Section 22-18-50 Enactment and text of Emergency Medical Services Personnel Licensure
Interstate Compact. The Emergency Medical Services Personnel Licensure Interstate Compact
is hereby enacted into law and entered into with all other jurisdictions legally joining therein
in form substantially as follows: SECTION 1. PURPOSE In order to protect the public
through verification of competency and ensure accountability for patient care related activities
all states license emergency medical services (EMS) personnel, such as emergency medical technicians
(EMTs), advanced EMTs and paramedics. This Compact is intended to facilitate the day to day
movement of EMS personnel across state boundaries in the performance of their EMS duties as
assigned by an appropriate authority and authorize state EMS offices to afford immediate legal
recognition to EMS personnel licensed in a member state. This Compact recognizes that states
have a vested interest in protecting the public's health and safety...
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20-2-190
Section 20-2-190 Penalties; sale of ephedrine, etc.; Alabama Drug Abuse Task Force.
(a) Any person who manufactures, sells, transfers, receives, or possesses a listed precursor
chemical violates this article if the person: (1) Knowingly fails to comply with the reporting
requirements of this article; (2) Knowingly makes a false statement in a report or record
required by this article or the rules adopted thereunder; (3) Is required by this article
to have a listed precursor chemical license or permit, and is a person as defined by this
article, and knowingly or deliberately fails to obtain such a license or permit. An offense
under this subsection shall constitute a Class C felony. (b) Notwithstanding the provisions
of Section 20-2-188, a person who possesses, sells, transfers, or otherwise furnishes
or attempts to solicit another or conspires to possess, sell, transfer, or otherwise furnish
a listed precursor chemical or a product containing a precursor chemical or ephedrine or...
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