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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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