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16-47-35
Section 16-47-35 Authority of trustees to dispose of property. The Board of Trustees
of the University of Alabama may sell, lease or otherwise dispose of, all or any part of such
land as has been or may be selected under and by virtue of an act of Congress entitled, "An
act to increase the endowment of the University of Alabama from the public school lands in
said state," approved April 23, 1884, and may sell lands or any interest therein or part
thereof for such prices and upon such terms as to it may seem proper. Such sales may be for
cash or for part cash, and the said Board of Trustees of the University of Alabama shall not
be limited by any statute heretofore enacted as to what part of the purchase price of such
lands which it has heretofore sold or may hereafter sell shall be in cash, but the percent
of the purchase price of such lands that may have been or shall be in cash shall be such as
said Board of Trustees of the University of Alabama may agree upon with the purchaser or...
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22-30F-4
Section 22-30F-4 Revolving Loan Fund established; maintenance; administration. (a) There
is hereby established the State of Alabama Land Recycling Revolving Loan Fund, which shall
be maintained in perpetuity and operated by the department as agent for the authority for
the purposes stated herein. Grants from the federal government or its agencies allocated,
allotted, or paid to the state for capitalization of the revolving loan fund, grants from
other entities allocated, allotted, or paid to the state for capitalization of the revolving
loan fund, state matching funds where required, and loan principal, interest, and penalties
and interest income and all other amounts at anytime required or permitted to be paid into
the revolving loan fund shall be deposited therein. Proceeds of capitalization grants, funds
appropriated by the state, loan principal and interest payments, interest income, and all
other funds of the authority shall be deposited with one or more banks designated by the...
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16-31-2
Section 16-31-2 Fund paid to institution designated. At the time such sum or sums of
money amounting to $1,250.00 shall be donated to the state and paid over to the Treasurer,
the said American Legion or American Legion Auxiliary donating the same shall designate in
writing signed by its commander or president and countersigned by its chairman of the scholarship
committee, and filed with the Comptroller, the particular institutions of learning, among
those enumerated in Section 16-31-1, in which the scholarship is desired. Thereupon
it shall be the duty of the Comptroller to issue a warrant drawn upon the treasurer, in due
form, and to deliver the same to the treasurer of such institution of learning for the said
sum of $1,250.00, or for such several sums of $1,250.00 which shall be donated in this manner
to the state, which warrant or warrants the treasurer shall pay on presentation. Such sum
or several sums of $1,250.00 shall be received by such treasurer of such institution of...
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16-47-203
Section 16-47-203 University of Alabama Museum Fund. There shall be a University of
Alabama Museum Fund. All moneys received from gifts or bequests or from county or municipal
appropriations or moneys appropriated by the State of Alabama shall be deposited by the Treasurer
of the University of Alabama to the credit of said fund. There shall also be deposited in
said fund all moneys received from any concession business conducted upon the land or water
included in this bill and also any moneys accruing to the University of Alabama as an incident
to the operation or ownership of the University of Alabama Museum, by virtue of the sale or
rental of real or personal property or from whatsoever source. The said fund hereby created
shall be used and expended by the University of Alabama in accordance with the terms of the
gift, bequest, grant, appropriation or donation from which said moneys are derived, in the
same manner, by the same authority and for the purposes stipulated in this...
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16-54-8
Section 16-54-8 Treasurer - Generally; bond. The trustees shall elect a treasurer, who
shall not be a trustee, who shall receive, hold and pay out all moneys belonging to the university
or that may be paid in for the necessary expenses of students in the university or for their
use and benefit, and the treasurer shall hold office for the term and receive such compensation
as may be fixed by the trustees. Before entering upon the duties of the office, the treasurer
must give bond in such penalty as the trustees may fix, payable to the University of Montevallo,
with conditions that he or she will faithfully receive, safely keep and lawfully pay out,
and promptly, fully and fairly account for all moneys or choses in action which may come to
him or her by virtue of the office, and the trustees may require a new bond, or an additional
bond, whenever they judge that the interest of the university requires it. The business manager
or chief financial officer by whatever name appointed by the...
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16-61-1
Section 16-61-1 Legislative intent. The Legislature recognizes that the following public
universities in Alabama which grant baccalaureate degrees and are independently accredited
by the Southern Association of Colleges and Schools - the University of Alabama in Huntsville,
the University of Alabama in Birmingham, the University of Alabama, Auburn University, Auburn
University at Montgomery, Jacksonville State University, Troy State University, Troy State
University in Montgomery, Troy State University in Dothan, the University of North Alabama,
the University of South Alabama, Livingston University, the University of Montevallo, Alabama
State University, Athens State College, and Alabama A & M University - would be greatly
strengthened by the addition of distinguished scholars serving as resident faculty members.
It further recognizes that support from sources other than state appropriations, student fees,
federal funds, research grants, and any interest earned thereon will help...
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41-6-32
Section 41-6-32 Interest accruing, earned or paid from investment of fund appropriated
to department; expenditure thereof. The interest accrued, earned or paid as the result of
investment of said endowment fund is hereby appropriated to said Department of Archives and
History and shall be used by said department only for such purposes as its trustees may specify
and the Governor approve; provided, however, that no expenditure of such funds may be made
or approved by said board of trustees unless it is for the purpose of acquiring rare and valuable
articles, property or materials or acquiring, marking and preserving or maintaining historical
locations or spots within the State of Alabama. (Acts 1943, No. 454, p. 416, §3.)...
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41-6-33
Section 41-6-33 Lease, sale, etc., of gifts or donations of real property authorized;
disposition of proceeds from sale or rent. Should any gift or donation to said department
be in the form of real property, it may be leased, rented or sold in the discretion of said
board of trustees, but the sum received as rent or the amount received as the purchase price,
in the event of sale, must be deposited to the credit of said endowment fund, and such sum
shall remain intact as a part of the principal amount of such endowment fund, and the interest
received from the investment thereof shall be paid in the same manner as provided in this
article for the payment of interest on other moneys deposited to the credit of said endowment
fund. (Acts 1943, No. 454, p. 416, §4.)...
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41-14A-13
Section 41-14A-13 Establishment of Program Enforcement Fund. There is hereby created
a SAFE Program Enforcement Fund, which shall be held and administered by the State Treasurer.
There shall be paid into the Program Enforcement Fund all administrative penalties collected
under this chapter. The amounts in the Program Enforcement Fund shall be applied and disbursed
by the State Treasurer to pay the costs and expenses of enforcing the requirements and provisions
of this chapter, including the costs of foreclosing on pledged collateral, of making and collecting
assessments from qualified public depositories, and of enforcing the obligations of qualified
public depositories under contingent liability agreements. Any money in the Program Enforcement
Fund estimated not to be needed for immediate cash requirements shall be invested in any securities
or other investments selected by the State Treasurer that are permitted under Section
41-14-30. All interest and other earnings from the...
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25-4-31
Section 25-4-31 Treasurer; separate accounts; disposition of interest and penalties.
(a) The secretary shall designate an employee of the unemployment compensation agency as treasurer
of the fund who shall pay all vouchers or checks duly drawn upon the fund, in such manner
as the secretary may prescribe. The secretary shall also designate an employee of the unemployment
compensation agency as alternate treasurer who, in case of extended absence of the treasurer
shall, upon written notice from the secretary, perform all duties of the treasurer. The treasurer
shall maintain within the fund the following separate accounts: A clearing account; an unemployment
trust fund account; an unemployment benefit payment account; a fraud interest penalty account;
and such other account or accounts as may be necessary for the payment of any federal unemployment
benefits. All moneys payable to the fund, upon receipt thereof by the secretary, shall be
forwarded to the treasurer who shall immediately...
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