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11-66-3
Section 11-66-3 Definitions. As used in this chapter, the following words and phrases shall
have the following respective meanings: (1) FISCAL YEAR. The fiscal year of the state as may
from time to time be provided by law. (2) FUND. The "Municipal Government Capital Improvement
Fund." (3) FUND CAPITAL. All assets of the "fund." (4) STATE. The State of
Alabama. (5) TRUST FUND. "The Alabama Trust Fund" created by Amendment Number 450
of the Constitution of Alabama 1901. (6) TRUST INCOME. The net income received by the state,
subsequent to the transfer of the initial trust capital by the State Treasurer to the board
of trustees of the trust fund, from the investment and reinvestment of all assets of the trust
fund, determined in accordance with the provisions of Amendment Number 450 of the Constitution
of Alabama 1901. "Trust income" does not include income which becomes part of the
trust capital of the trust fund. (Acts 1986, No. 86-234, p. 345, §3.)...
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15-23-16
Section 15-23-16 Alabama Crime Victims Compensation Fund; created; purposes; composition; administered
or managed by commission. (a) There is hereby established a special fund to be known as the
Alabama Crime Victims Compensation Fund. (b) The fund shall be placed under the management
or administration of the Alabama Crime Victims Compensation Commission for purposes of providing
compensation or other benefits to crime victims and for purposes of implementing this article.
(c) The fund shall consist of all moneys collected or received by the Alabama Crime Victims
Compensation Commission from any source. (d) The commission shall have control of the funds
not inconsistent with this article and with the laws of Alabama. (e) All moneys of the commission
shall be covered into the State Treasury or deposited in a special trust account and may be
withdrawn therefrom by vouchers or check signed by the chair of the commission pursuant to
authorization given by the commissioner. All investments...
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16-61-2
Section 16-61-2 Establishment; administration; funding. There is hereby established the Alabama
Trust Fund for Eminent Scholars to provide challenge grants to the public state universities
in Alabama named in Section 16-61-1. The trust fund shall be administered by the Alabama Commission
on Higher Education in accordance with the guidelines as set forth in this chapter. The Legislature
shall designate funds to be transferred to the trust fund from the Education Trust Fund. All
appropriated funds deposited into the trust fund shall be invested by the Alabama Commission
on Higher Education pursuant to the provisions of Section 16-13-2. Interest income accruing
to that portion of the trust fund not matched shall increase the total funds available for
challenge grants. (Acts 1985, No. 85-759, p. 1265, §2.)...
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22-6-72
Section 22-6-72 Duties of State Treasurer; disposition of funds. The State Treasurer shall
invest the funds in the trust fund on the direction of the board in investments which are
eligible investments for the Alabama Trust Fund as authorized by Amendment No. 450 and Amendment
No. 488 of the Constitution of Alabama of 1901. All interest earned on the investment of money
in the trust fund shall be credited to the trust fund. The State Treasurer shall receive no
fees or compensation for his or her work in complying with this provision. No funds may be
transferred to the Medicaid Agency or expended by the board except as budgeted and allotted
in accordance with the Budget Act and the Budget Management Act. Money contained in the trust
fund at the end of any year shall not revert to the General Fund or any other fund in the
State Treasury but shall remain in the trust fund until appropriated by the Legislature. (Act
2000-772, p. 1768, §3.)...
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23-6-8
Section 23-6-8 Bonds of corporation; annual appropriation from state Public Road and Bridge
Fund. (a) The bonds of the corporation shall be signed by its president and attested by its
secretary and the seal of the corporation shall be affixed thereto or a facsimile thereof
printed or otherwise reproduced thereon. The signatures of both the president and the secretary
on any bonds may be facsimile signatures if the board of directors, in its proceedings with
respect to issuance of the bonds, provides for manual authentication thereof, or manual execution
of certificates of registration thereon, by a trustee, registrar, or paying agent or by named
individuals who are employees of the state assigned to the Finance Department or the State
Treasurer's office. Any bonds of the corporation may be executed and delivered by it at any
time and shall be in the form and denominations and of the tenor and maturities, shall bear
the rate or rates of interest payable and evidenced in such manner, may...
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34-14A-20
Section 34-14A-20 Alabama Construction Trade Academy Fund; Alabama Construction Trade Advisory
Council; applications for funding; program guidelines. (a) The Alabama Construction Trade
Academy Fund is established in the State Treasury. The fund shall be comprised of federal,
state, and private funding through direct budgetary funding and grants for the expansion of
construction trade education. To the extent practicable, monies in the fund shall be used
to leverage other forms of funding from private sources. A percentage of matching funds, as
established by the advisory council, must come from private, non-governmental sources. The
board may not use more than 15 percent of the monies in the fund for administrative and operational
costs incurred in the implementation and administration of this section. (b) The board, in
cooperation with public and private sector partners, shall establish a program to provide
funding mechanisms for tool grants, program incentives, supplies, mobile...
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34-17A-25
Section 34-17A-25 Alabama Board of Examiners in Marriage and Family Therapy Fund. There is
established a separate revenue trust fund in the State Treasury to be known as the "Alabama
Board of Examiners in Marriage and Family Therapy Fund." All receipts and disciplinary
fines collected by the board under this chapter shall be deposited in this fund and used only
to implement this chapter. Monies shall be disbursed only by warrant of the State Comptroller
upon the State Treasury, upon itemized vouchers approved by the chair of the board or an authorized
designee. No funds shall be withdrawn or expended except as budgeted and allotted according
to Sections 41-4-80 to 41-4-96, inclusive, and 41-19-1 to 41-19-12, inclusive, and only in
amounts stipulated in general appropriations bills and other appropriations bills. (Acts 1997,
No. 97-170, p. 247, §25.)...
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41-10-404
Section 41-10-404 Transfer of certain assets to authority. Upon issuance of the certificate
of incorporation, any unencumbered funds appropriated to the Department of Finance, Division
of Data Systems Management, for capital outlay and operation and maintenance of the supercomputer
system, are hereby transferred to the Supercomputer System Fund to be expended in accordance
with the provisions of this article. Upon issuance of the certificate of incorporation and
pursuant to a written transfer, assignment or conveyance by the State of Alabama to the authority,
all contracts, leases, management agreements, real or personal property acquired by the State
of Alabama and utilized in the operation of a supercomputer center and system by the Alabama
Department of Finance, shall be transferred, assigned or conveyed to the authority without
payment or other consideration. Upon such assignment, transfer or conveyance, the State of
Alabama shall have no further obligations or rights to or under...
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41-4-95
Section 41-4-95 Appropriations wrongfully expended. It shall be unlawful for any trustee, commissioner,
director, manager, building committee or other officer or person connected with any department,
institution, bureau, board, commission or other state agency to which an appropriation is
made to expend any appropriation for any purpose other than that for which the money was appropriated,
budgeted and allotted, or to consent thereto. If the Governor shall ascertain that any department,
institution, bureau, board, commission or other state agency has used any of the moneys appropriated
to it for any purpose other than that for which the money was appropriated, budgeted and allotted
and not in strict accordance with the provisions of law, the Governor shall have the power
and he is hereby authorized to suspend all appropriations and allotments to such department,
institution, bureau, board, commission or other state agency until and after such amounts
diverted or wrongfully expended...
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41-6-31
Section 41-6-31 Endowment fund established; composition; expenditure; investment of fund. The
principal amount of such gift or donation shall be set aside by the State Treasurer in a special
fund designated: "Endowment Fund - Department of Archives and History," and moneys
so deposited shall constitute an endowment fund for said department. In no event shall more
than 10 percent of the amount remaining in said fund be expended in any one fiscal year. The
Director of Finance shall invest or reinvest from time to time, at his discretion and with
the approval of the Governor, all or any part or portion of said fund in such bonds as are
authorized by the laws of Alabama governing investments in bonds by domestic life insurance
companies, and the interest thereon shall be paid to said department by the State Treasurer
upon a requisition signed by the director of said department and approved by the Governor.
(Acts 1943, No. 454, p. 416, §2.)...
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