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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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16-61-3
Section 16-61-3 Raising funds; allocation of matching funds. The associated foundations
that serve the respective universities shall solicit and receive contributions, from sources
other than state appropriations, student fees, federal funds, research grants and any interest
earned thereon, to provide funds to match the Alabama Trust Fund for Eminent Scholars challenge
grants for the establishment of endowments for chairs within the universities. The amount
appropriated to the Alabama Trust Fund for Eminent Scholars shall be allocated by the Alabama
Commission on Higher Education to each university on the basis of one $400,000.00 grant for
each $600,000.00 raised by the respective university's foundation, by contributions and accrued
interest thereon, from sources other than the state appropriations, student fees, federal
funds, research grants, and any interest earned thereon. (Acts 1985, No. 85-759, p. 1265,
§3.)...
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16-61-6
Section 16-61-6 University foundations to maintain and invest funds; limitation on total
amount of grants received; annual report. The foundation serving a university shall have the
responsibility for the maintenance and investment of its fund and for the administration of
the program at that university. The governing board of each foundation shall be responsible
for soliciting and receiving gifts to be used as matching funds to be deposited and matched
with challenge grants from the Alabama Trust Fund for Eminent Scholars for the establishment
of the endowments for the specified university. Once an endowment is established and operating,
there may be further challenge grants to be matched for the establishment of more chairs.
The total amount of challenge grants received by a university foundation shall not exceed
its equal share of the amount appropriated to the Alabama Trust Fund for Eminent Scholars
plus its equal share of any funds unmatched by other university foundations by...
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16-61-4
Section 16-61-4 Challenge grant money; accounting methods. Such challenge grants shall
be matched by the university's foundation on a basis of $3.00 of contributions and accrued
interest thereon, received by said university's foundation for every $2.00 in challenge grant
money from the Alabama Trust Fund for Eminent Scholars. Matching funds shall come from contributions,
and accrued interest thereon, received by such university's foundation after October 1, 1985,
which are for the eminent scholars fund or from unpledged contributions, and accrued interest
thereon, received by such university's foundation. Each university's foundation shall establish
an Eminent Scholars Fund account for each grant, which shall serve as the depository for funds
received pursuant to this chapter. State matching funds in the amount of $400,000.00 shall
be transferred by the Alabama Commission on Higher Education to a university's foundation
within 90 days of notification, by such university's foundation to...
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32-6-411
Section 32-6-411 Establishment of Forest Stewardship Education Fund; distribution of
proceeds. (a) There is hereby established a separate special revenue trust fund in the State
Treasury to be known as the "Forest Stewardship Education Fund," whose purpose is
to promote the professional management of trees and related resources and to educate the general
public regarding the contribution that trees and related resources make to the economy and
environmental quality of this state. (b) Proceeds from the additional revenues generated by
the fifty dollars ($50) for the "Alabama Forests" tags or plates, less administrative
costs, shall be submitted monthly by the Alabama state Comptroller to the Forest Stewardship
Education Fund. Receipts collected under the provisions of this division are to be deposited
in this fund and used only to carry out the provisions of this division. Such receipts shall
be disbursed only by warrant of the state Comptroller upon the State Treasurer, upon itemized...
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12-15-508
Section 12-15-508 State Multiple Needs Children Fund established; use; limitations;
accounting system to be maintained; provisions for yearly audit. (a) There is established
in the State Treasury a fund to be known as the State Multiple Needs Children Fund which shall
be administered by the agency designated by the Executive Council of the State Team. This
fund shall consist of all moneys appropriated for these purposes from the State General Fund
, the Alabama Education Trust Fund, or the Children First Trust Fund, donations, grants, bequests,
loans, or any other sources, either public or private, relating to providing services for
children identified as multiple needs children. (b) The State Multiple Needs Children Fund
shall be used to provide services not otherwise provided by state departments or agencies
for multiple needs children. Administrative costs connected with the expenditures of state
multiple needs children funds shall not exceed a percentage amount established by the...
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16-61-5
Section 16-61-5 Universities entitled to match appropriated funds; basis for applying
for unmatched funds. Each public state university named in Section 16-61-1 is entitled
to match an equal share of the total moneys appropriated to the Alabama Eminent Scholars Trust
Fund prior to September 30, 1987, or for two years after any subsequent appropriation made
by the Legislature. Any funds hereby allocated to the Alabama Eminent Scholars Trust Fund,
which remain unmatched by contributions, as outlined above, on September 30, 1987, shall be
available for matching by any university foundation on the following basis: On September 30,
1987, any university foundation which has previously received a challenge grant may apply
for any remaining funds and the Alabama Commission on Higher Education shall award matching
challenge grants in equal amounts to the applying foundations upon certification of the availability
of matching funds. The matching ratio for these grants shall be the same as...
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36-36-6
Section 36-36-6 Sources of funding; use of assets; distributions; modification and termination
of trusts; taxation; financial statement. (a) The sources of funding to the Alabama Retired
State Employees' Health Care Trust may be: (1) appropriations made by the Legislature; (2)
contributions by employees and retired employees; (3) employer contributions; (4) investment
income; (5) proceeds of any gifts, grants, or contributions; (6) transfers from the State
Employees' Insurance Fund; and (7) all other sources permitted by law. (b) The sources of
funding to the Alabama Retired Education Employees' Health Care Trust may be: (1) appropriations
made by the Legislature; (2) contributions by employees and retired employees; (3) employer
contributions; (4) investment income; (5) proceeds of any gifts, grants, or contributions;
(6) transfers from the Public Education Employees' Health Insurance Fund; and (7) all other
sources permitted by law. (c) The agreements creating the trusts shall be...
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16-23-24
Section 16-23-24 Teacher Education Scholarship Loan Program established; use; subsequent
obligations; funding; rule-making authority; provisions for current scholarship recipients.
(a) Effective October 1, 1993, there is established a Teacher Education Scholarship Loan Program
(hereinafter referred to as "the program") to provide for the education of certified,
employed public school teachers to be trained in the use of integrating technology skills
in the curriculum. First priority shall be given to those certified public school teachers
in the fields of English, science, mathematics, and social science and history and those who
teach pupils in kindergarten to grade six, inclusive. Twenty-five percent of the funds available
through this program shall be targeted for minority teachers. When moneys are available for
scholarship loans for teachers above and beyond the first priority group, the State Board
of Education shall designate other critical needs areas for scholarship loans. (b)...
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16-33B-4
Section 16-33B-4 Basic powers and duties of the Alabama Commission on Higher Education
for the Alabama Guaranteed Student Loan Program. (a) Basic powers. The Alabama Commission
on Higher Education (ACHE) is authorized to administer the Alabama Guaranteed Student Loan
Program in accordance with the Federal Student Loan Law, and empowered to promulgate such
rules, regulations, policies, and procedures as may be reasonable and proper in order to carry
out the provisions and purposes of this chapter. Without limiting the generality of the foregoing,
the ACHE is authorized and empowered: (1) To establish regulations deemed necessary to comply
with federal regulations and legislation relative to guaranteed student loans and the Federal
Student Loan Law. (2) To establish eligibility criteria for participating postsecondary educational
institutions. (3) To establish reasonable eligibility criteria for the initial and continuing
participation of approved lenders in the student loan program. (4)...
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