|
16-57-5
Section 16-57-5 Funding from Education Trust Fund. The Legislature finds that Tuskegee University
has a unique relationship to the State of Alabama. The Legislature further finds that due
to the unique nature of the circumstances related to the establishment and development of
Tuskegee Institute which differs from that of private schools and colleges receiving funds
from the state and from the state's public colleges and universities, the institution should
be afforded a unique treatment relative to funding from the Education Trust Fund. Tuskegee
Institute was established by an act of the Legislature in 1881 and separately incorporated
by an act of the Legislature in 1892; the Governor appoints five commissioners who serve as
voting members on the Tuskegee Board; and the State Superintendent of Education serves as
an ex officio voting commissioner on the Tuskegee Board. Tuskegee has received appropriations
from the Legislature since 1881. Being a private institution as well as a state...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-57-5.htm - 1K - Match Info - Similar pages
19-3-125
Section 19-3-125 Life, endowment, or annuity contracts. In addition to any other investment
now permitted by law, a guardian or trustee may invest the funds of his ward or of the beneficiary
of the trust in life, endowment or annuity contracts of legal reserve life insurance companies
duly qualified and authorized to write such business in the State of Alabama; provided, however,
that the annual premium or premiums on such contracts purchased by such guardian or trustee
shall not exceed 25 percent of the income of the ward or the beneficiary for any calendar
year preceding the date of such purchase. The contract must contain the following options
after it has been in force for three years or less: a cash surrender value option, a paid-up
insurance or endowment option, and an extended insurance or endowment option. Such contract
may be issued on the life or lives of the ward or wards, or beneficiary or beneficiaries of
the trust or upon the life or lives of persons in whose life or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3-125.htm - 2K - Match Info - Similar pages
2-6-54
Section 2-6-54 Lease authorized - Lease not to constitute debt of state; payment of rentals.
The lease agreement shall never in any event constitute or give rise to an indebtedness of
the State of Alabama and no recourse shall ever be had against the general credit of the state
or against its general funds for payment of said rentals. The rentals provided for in the
lease agreement shall be payable solely out of the moneys in the Agricultural Center Fund
derived from the operation of the properties covered by the lease agreement and, to the extent
such moneys are not sufficient to pay said rentals and to pay the said operating and administrative
expenses, out of the moneys in the Agricultural Fund appropriated for said purposes in this
article. No moneys at any time in the General Fund of the state shall ever be used for payment
of said rentals. (Acts 1951, No. 533, p. 943, §5.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-54.htm - 1K - Match Info - Similar pages
22-21-144
Section 22-21-144 Bonds - Security. The principal of, and the interest on, the bonds shall
be secured by a pledge of the revenues out of which the bonds shall be made payable, may be
secured by a pledge of the lease agreement (if any) covering the project from which revenues
so pledged shall be derived and by a pledge of the rental from such project and may be secured
by a nonforeclosable indenture covering the project or projects out of the revenues from which
the bonds are made payable. The trustee, under any indenture, may be a trust company or bank
having trust powers, whether located within or without the state, and may be selected by the
board without regard to the provisions of Chapter 25 of Title 36 of this code or other similar
law. The indenture may contain any agreements and provisions customarily contained in instruments
securing evidences of indebtedness including, without limiting the generality of the foregoing,
provisions respecting the collection, segregation and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-144.htm - 2K - Match Info - Similar pages
26-24-30
Section 26-24-30 Alabama Children's Policy Council. (a) The Alabama Children's Policy Council
is hereby created and shall consist of the following members: Three appointees from business
and industry made by the Governor; the Lieutenant Governor; the Speaker of the House of Representatives;
two members of the Alabama Senate, one appointed by the Lieutenant Governor and one appointed
by the President Pro Tempore of the Senate; two members of the House of Representatives appointed
by the Speaker of the House of Representatives; the Chief Justice of the Supreme Court of
Alabama; the legal advisor to the Governor; the Attorney General; the President of the Juvenile
and Family Court Judges' Association; the Commissioner of the Department of Corrections; the
President of the District Attorneys' Association; the President of the Chief Juvenile Probation
Officers' Association; the Commissioner of the Department of Human Resources; the Administrative
Director of Courts; the Secretary of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-24-30.htm - 4K - Match Info - Similar pages
27-27-12
Section 27-27-12 Deposit of solicitation permit funds in escrow - Requirement. (a) All funds
received in Alabama pursuant to a solicitation permit, other than advance premiums for insurance
which are subject to Section 27-27-18, shall, by the permit holder, be deposited and held
in escrow in a bank or trust company located in this state under an agreement approved by
the commissioner. (b) No part of such funds shall be withdrawn from such deposit, except:
(1) For the payment of promotion, sales, and organization expenses as authorized by the solicitation
permit, and funds for such purposes may be withheld from the deposit; (2) For the purpose
of making any deposit with the commissioner required for the issuance of a certificate of
authority to an insurer; (3) If the proposed organization is not to be an insurer, upon completion
of payments on securities subscriptions made under the solicitation permit and deposit or
appropriation of such funds to the purposes specified in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-12.htm - 1K - Match Info - Similar pages
27-4A-2
Section 27-4A-2 Definitions. For the purposes of this chapter only, the following terms, unless
the context clearly indicates otherwise, shall have the meanings: (1) ANNUITY CONSIDERATIONS.
All sums received as consideration for annuity contracts. (2) COMMISSIONER. The Commissioner
of Insurance of the State of Alabama. (3) DEPARTMENT. The Department of Insurance of the State
of Alabama. (4) DOMESTIC INSURER. Any insurer organized under the laws of the State of Alabama
which maintains its principal office and chief place of business in the State of Alabama.
(5) FOREIGN INSURER. Any insurer organized under the laws of any country or of any state of
the United States other than the State of Alabama and any insurer organized under the laws
of Alabama which maintains its principal office or chief place of business outside the State
of Alabama. (6) INSURER. Every insurer as defined in Section 27-1-2, and every other insurance
company or association charging a premium for contracts entered...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-4A-2.htm - 3K - Match Info - Similar pages
38-3-6
Section 38-3-6 Authorization to receive gifts, etc. The commissioner may receive and hold gifts,
devises, bequests of money, real estate, and other things of value to be used in the support
and development of department work. Bequests of money shall be deposited into the Alabama
Senior Services Trust Fund established and created as a separate fund in the State Treasury.
(Acts 1957, No. 554, p. 774, §6; Acts 1964, 1st Ex. Sess., No. 148, p. 214, §4; Act 2000-744,
p. 1655, §2; Act 2008-398, p. 787, §1; Act 2015-159, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/38-3-6.htm - 849 bytes - Match Info - Similar pages
40-23-174
Section 40-23-174 Distribution of proceeds. (a) Should the enactment of a national agreement
for the collection of sales and use taxes from remote sellers establish a single national
tax rate on such remote sales or should the agreement provide for the State of Alabama to
establish a single statewide rate on such remote sales, the proceeds shall be distributed
as follows: (1) One-half of such proceeds shall be distributed to the State of Alabama of
which 75% shall be deposited into the General Fund, and 25% shall be deposited into the Education
Trust Fund. (2) One-quarter shall be distributed to the governing body of the municipality
in which the delivery is made, if the delivery is made into a municipality. (3) The remainder
shall be distributed to the county governing body in the county in which the delivery is made.
(b) The tax proceeds distributed to a municipality or county shall be expended by the governing
body of the municipality or county as required and provided by law for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-23-174.htm - 1K - Match Info - Similar pages
44-1-92
Section 44-1-92 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER. THIS SECTION HAS NOT BEEN
CODIFIED BY THE LEGISLATURE. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) There is hereby
created the Department of Youth Services Capital Improvement Trust Fund and the Youth Services
Capital Improvement Trust Fund Income Account as separate funds in the state treasury. Any
unexpended or unencumbered balances in the funds shall not revert at the end of each fiscal
year, but shall remain in the funds and may be carried over into each succeeding fiscal year.
Any income earned on the trust income account shall accrue to the fund. The funds shall be
administered by the State Treasurer, which shall be entitled to a reasonable fee for the administration.
All investments shall be made pursuant to the same authority and restrictions that apply to
the investment of State funds. (b) Funding to the Department of Youth Services Capital Improvement
Trust Fund shall consist of funds resulting from the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/44-1-92.htm - 3K - Match Info - Similar pages
|