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36-27-21.4
Section 36-27-21.4 Cost-of-living increase for persons whose date of retirement is prior
to October 1, 1984; funding; eligibility where Medicaid eligibility would be impaired. (a)(1)
There is hereby provided, commencing October 1, l985, to each person, whose effective date
of retirement for purposes of receiving benefits from the Teachers' Retirement System, is
prior to October 1, 1984, and who is receiving an allowance therefrom, a cost of living increase
of $2.00 per month for each year of creditable service attained by said retired member. (2)
There is hereby provided, commencing October 1, 1985, to each person, whose effective date
of retirement for purposes of receiving benefits from the Employees' Retirement System, is
prior to October 1, 1984, and who is receiving benefits therefrom, a cost of living increase
of $2.00 per month for each year of creditable service attained by said retired member provided
that only those retired members of the Employees' Retirement System whose...
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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...
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41-10-754
Section 41-10-754 Powers of the authority. The authority shall have, in addition to
all other powers granted to it in this article, all of the following powers: (1) To have succession
by its corporate name until dissolved as herein provided. (2) To institute and defend legal
proceedings in any court of competent jurisdiction and proper venue; provided, however, that
the authority may not be sued in any nisi prius court other than the courts of the county
in which is located the principal office of the authority; and provided further that the officers,
directors, agents, and employees of the authority may not be sued for actions on behalf of
the authority in any nisi prius court other than the courts of the county in which is located
the principal office of the authority. (3) To have and to use a corporate seal and to alter
the seal at pleasure. (4) To establish a fiscal year. (5) To adopt, and from time to time,
amend and repeal, bylaws, rules, and regulations not inconsistent with...
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11-54-127
Section 11-54-127 Additional powers of boards. (a) In addition to all other powers conferred
on it by law, and subject to any express provisions of its certificate of incorporation to
the contrary, any industrial development board shall have all of the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To create or establish one or more endowment trust funds. (2) To receive and accept from
any private source, for the account of any endowment trust fund so created or established
by it, contributions in the form of gifts of money, stocks, bonds, and other debt securities,
other personal property, whether tangible or intangible, and real property of any description,
subject, in the case of any such contribution, to any lawful condition to the use thereof
that is specified by the donor thereof and that is not inconsistent with the provisions of
this division. (3) To deposit, or to cause to be deposited, into any...
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16-33C-10
Section 16-33C-10 ACES Program generally. (a) The ACES Program is established as one
college savings alternative under the plan whereby contributors open ACES savings accounts
according to savings agreements for the payment of qualified higher education costs for a
designated beneficiary at eligible educational institutions, terms as defined in Section
529 of the Internal Revenue Code of 1986, as amended, or other applicable federal law. The
ACES Program includes the ACES Trust Fund, the ACES Administrative Fund, and the ACES Opportunity
Enhancement Fund created pursuant to this chapter. The ACES Program may be marketed under
a different name than ACES. (b) The ACES Trust Fund is hereby created and shall be comprised
of separate ACES savings accounts held in segregated accounts as established by savings agreements.
Funds contributed to the ACES savings accounts established pursuant to the ACES Program are
held in trust by the Savings Board for the sole benefit of the contributor and...
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16-6D-8
Section 16-6D-8 Tax credits; Failing Schools Income Tax Credit Account. (a) To provide
educational flexibility and state accountability for students in failing schools: (1) For
tax years beginning on and after January 1, 2013, an Alabama income tax credit is made available
to the parent of a student enrolled in or assigned to attend a failing school to help offset
the cost of transferring the student to a nonfailing public school or nonpublic school of
the parent's choice. The income tax credit shall be an amount equal to 80 percent of the average
annual state cost of attendance for a public K-12 student during the applicable tax year or
the actual cost of attending a nonfailing public school or nonpublic school, whichever is
less. The actual cost of attending a nonfailing public school or nonpublic school shall be
calculated by adding together any tuition amounts or mandatory fees charged by the school
to the student as a condition of enrolling or of maintaining enrollment in the...
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41-23-194
Section 41-23-194 Awarding of funds; goals. (a) Activities funded by the trust fund
shall be selected through a competitive process pursuant to rules adopted by the department
with input from the advisory committee. In establishing criteria for the awarding of funds,
the department shall address the transportation needs of the disabled, the elderly, and rural
populations, consistent with the input of the advisory committee and the statewide public
transportation needs assessment, and work toward the following goals: (1) Increase safe and
affordable public transportation options across the State of Alabama. (2) Maintain and repair
the existing fleet of public transportation options across Alabama, while acquiring new vehicles,
as needed. (3) Serve individuals and families living near urban fixed route public transportation
systems, expand such routes, and improve service along the routes. (4) Serve individuals and
families living in rural Alabama and connect them to the goods and...
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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...
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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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36-26-121
Section 36-26-121 Annual itemized statement of employee and retirement benefits, and
total employer contributions to retirement systems and health insurance plans. (a) As used
in this article, the following words have the following meanings: (1) EMPLOYEE BENEFIT. Any
benefit a public employee received or accrued from his or her employer, including, but not
limited to, salary or wages; insurance; allowance for days off such as vacation, holidays,
sick leave, or personal days; and contributions toward retirement or pension benefits. (2)
HEALTH INSURANCE PLAN. Either of the following health insurance plans as it applies to an
individual public employee or retiree: a. The State Employees' Health Insurance Plan. b. The
Public Education Employees' Health Insurance Plan. (3) RETIREE. A retiree or a beneficiary
of a deceased retiree who receives an employee benefit or pension benefit from a retirement
system, as defined in this section. (4) RETIREMENT SYSTEM. One of the following as
it applies...
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