|
24-1A-43
Section 24-1A-43 Mortgage guarantee fund; fee; payment warrants; reimbursements; depletion
of fund. (a) There is hereby established a mortgage guarantee fund to be held in the State
Treasury and to be administered by the Alabama Housing Finance Authority that will be available
to reimburse foreclosure losses, if any, that arise with respect to a qualified mortgage loan
under the Alabama Home Buyers Initiative. There is appropriated from the Alabama Capital Improvement
Trust Fund to the guarantee fund a total of six million dollars ($6,000,000) for the fiscal
year ending September 30, 2009. This appropriation shall be irrevocably deposited in the guarantee
fund within ten days after this act becomes effective. Pursuant to Section VII of Amendment
666 to the Constitution of Alabama 1901, the Legislature finds that it is advisable and necessary
to make this appropriation to the guarantee fund which is in excess of the amount contained
in the Governor's certification of the amount of funds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-43.htm - 3K - Match Info - Similar pages
34-22-24
Section 34-22-24 Disposition of fees. All fees received by the board for examinations, annual
renewal registrations, or from any other source shall be utilized in regulating the practice
of optometry and paying the expenses of the board, including necessary clerk hire, legal expenses,
and per diem and expenses of the members of the board as herein provided. Should the funds
in the hands of the board at the end of any fiscal year (October 1) be more than two hundred
thousand dollars ($200,000), the excess of this amount shall be paid into the State Treasury
to the credit of a special trust fund which shall be spent solely for the purpose of constructing,
operating, and maintaining a college of optometry at the University of Alabama, in Birmingham,
equipping of facilities, student scholarships and loans, faculty salaries and endowments,
continuing education, and research grants. (Acts 1975, No. 1148, p. 2257, §14; Acts 1989,
No. 89-233, p. 288, §3; Act 2001-270, p. 329, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-22-24.htm - 1K - Match Info - Similar pages
27-4A-3
Section 27-4A-3 Generally. (a) Subject to the exceptions and exemptions hereinafter set forth,
for the year beginning on January 1, 1995, and for each year thereafter, every insurer shall
pay to the commissioner a premium tax equal to the percentage, as set out in this subsection,
of the premiums received by the insurer for business done in this state, whether the same
was actually received by the insurer in this state or elsewhere: (1) PREMIUM TAX ON LIFE INSURANCE
PREMIUMS. a. Except as hereinafter provided, the rates of taxation on life insurance premiums
shall be those amounts set out in the following schedule: Year Foreign Insurers Domestic Insurers
1995 2.9 1.3 1996 2.8 1.6 1997 2.7 1.8 1998 2.5 2.1 Every Year Thereafter 2.3 2.3 b. Individual
life insurance policies in a face amount of greater than $5,000 and up to and including $25,000,
excluding group life insurance policies, shall be taxed at the rate of one percent per annum.
c. Individual life insurance policies in a face...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-4A-3.htm - 16K - Match Info - Similar pages
36-28-8
Section 36-28-8 Contribution Fund. (a) There is hereby established a special fund to be known
as the Contribution Fund. Such fund shall consist of and there shall be deposited in such
fund: (1) All contributions, interest and penalties collected under Sections 36-28-5 and 36-28-7;
(2) All moneys appropriated thereto under this chapter; (3) Any property or securities and
earnings thereof acquired through the use of moneys belonging to the fund; (4) Interest earned
upon any moneys in the fund; and (5) All sums recovered upon the bond of the custodian or
otherwise for losses sustained by the fund and all other moneys received for the fund from
any other source. All moneys in the fund shall be mingled and undivided. Subject to the provisions
of this chapter, the state Comptroller is vested with full power, authority and jurisdiction
over the fund, including all moneys and property or securities belonging thereto, and may
perform any and all acts whether or not specifically designated,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-28-8.htm - 5K - Match Info - Similar pages
8-17-91
Section 8-17-91 Disposition of funds; overpayments. (a) The proceeds from the permit fees,
inspection fees, and penalties, if any, collected by the Commissioner of Agriculture and Industries
and the Revenue Commissioner pursuant to Section 8-17-87 together with one-third of the proceeds
of the six cent ($.06) additional motor fuel excise tax levied on gasoline under subdivision
(1) of subsection (a) of Section 40-17-325, shall be paid into the State Treasury and distributed
by the State Treasurer as follows: (1) An amount equal to five percent or no less than $175,000,
whichever is greater, of the combined proceeds received each month shall accrue to the credit
of, and be deposited in, the Agricultural Fund; and (2) The balance of the proceeds shall
be distributed as follows: a. 13.87 percent of the balance of the proceeds shall be distributed
equally among each of the 67 counties of the state monthly. The county shall deposit the proceeds
into the county's special RRR Fund as provided...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-17-91.htm - 9K - Match Info - Similar pages
12-5A-3
Section 12-5A-3 Juvenile Probation Services Fund. There is created in the State Treasury a
fund to be designated as the Juvenile Probation Services Fund. All funds now or hereafter
deposited to the credit of the Juvenile Probation Services Fund shall be expended for the
purposes of carrying out the provisions of this chapter which shall include, but not be limited
to, providing juvenile probation services for children alleged or adjudged to be delinquent
or in need of supervision, salaries and related costs for juvenile probation officers, salaries
and related costs for other professional and support staff for juvenile probation services,
training and education of juvenile probation officers and staff, research, equipment, printing,
supplies, state administrative office support staff, or any other purpose consistent with
the purposes of this chapter in counties having a population of 99,000 or less according to
the 1990 federal decennial census and for providing salary subsidies for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-5A-3.htm - 2K - Match Info - Similar pages
36-15-4.2
Section 36-15-4.2 Attorney General's Litigation Support Fund. (a) There is established in the
State Treasury a special fund to be known as the Attorney General's Litigation Support Fund.
(b) The fund shall consist of any and all monies designated by a court order as reasonable
attorney fees and related expenses or negotiated fees and related expenses for matters settled
out of court, and penalties paid in certain cases received by the Attorney General pursuant
to this section as a result of any fees, fines, restitution, forfeitures, penalties, costs,
interest, or judgments collected pursuant to any civil litigation, or any administrative proceedings,
or in settlement of any claim asserted by or against the people of Alabama, the State of Alabama,
or any of its departments, agencies, institutions, officers, employees, or political subdivisions
thereof. Notwithstanding the foregoing, the fees, fines, restitution, forfeitures, penalties,
costs, interest, or judgements shall not be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-15-4.2.htm - 3K - Match Info - Similar pages
40-25-23
Section 40-25-23 Disposition of funds. All revenues collected under the provisions of this
article, except as otherwise provided, shall be paid to the Department of Revenue by check
or draft made payable to the Treasurer of Alabama, and shall be distributed in the following
manner: (1) All of the revenue derived from the tax levied upon cigarettes by Sections 40-25-2
and 40-25-41 shall be deposited in the State Treasury and 38.82 percent of such revenue shall
be divided as follows: a. Six and six one-hundredths percent to the credit of the State Public
Welfare Trust Fund, which is hereby appropriated for general welfare purposes. In this section,
"general welfare purposes" means: 1. The administration of public assistance as
set out in Sections 38-2-5 and 38-4-1; 2. Services, including supplementation and supplementary
services under the federal Social Security Act, to or on behalf of persons to whom such public
assistance may be given under Section 38-4-1; 3. Services to and on behalf...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-25-23.htm - 8K - Match Info - Similar pages
41-10-621
Section 41-10-621 Legislative findings and purpose. (a) The Legislature finds and declares
the following: (1) The State of Alabama has a great need from time to time to have access
to financing for economic development and industrial recruitment that does not involve improvements
to revenue-producing facilities. (2) It is desirable and in the public interest to establish
a state-level authority with the power to issue bonds for such general purposes. (3) The Alabama
Supreme Court has held, in effect, that only when the debt of a public corporation is payable
out of a new revenue source will such debt not be considered a debt of the state in contravention
of Section 213 of the Constitution of Alabama of 1901; the State of Alabama expects to receive
in the near future new revenues from the settlement of certain litigation between the state
and the tobacco industry. (4) By the passage of this division, it is the intention of the
Legislature to: a. Provide for the creation of a special...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-621.htm - 2K - Match Info - Similar pages
41-4-3.1
Section 41-4-3.1 Monthly reports on condition of General Fund and Education Trust Fund. (a)
The Alabama Department of Finance shall produce monthly financial reports. It is the intent
of the Legislature that the monthly reports shall increase the transparency of state finances
and, when conditions emerge that make budget proration likely, provide advance notice to the
affected agencies of government so that they can prepare as much as possible for its impact
on their operations. (b) The monthly reports shall provide information on the State General
Fund and the Education Trust Fund. Each monthly report shall be released no later than the
final day of the month following the month covered by that report. Each monthly report shall
be published in a prominent location on the Department of Finance web site to provide broad
public access to the document. (c) The monthly reports shall include at least the following
information on the fiscal condition of the fund being reported: (1) The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-4-3.1.htm - 3K - Match Info - Similar pages
|