14-2-19
Section 14-2-19 Bonds - Disposition of proceeds. (a) All proceeds derived from the sale of
any bonds, except refunding bonds, sold by the authority, remaining after payment of the expenses
of issuance thereof, shall be turned over to the State Treasurer, shall be carried in a special
account to the credit of the authority, and shall be subject to be drawn on by the authority
solely for the purposes of: (1) Acquiring land for and constructing, reconstructing and equipping
thereon one or more facilities; (2) Constructing additional improvements on property currently
owned by the Department of Corrections or the authority in order to provide for additional
bedspace; (3) Paying all reasonable and necessary expenses incidental thereto, including filing,
recording, surveying, legal and engineering fees and expenses; (4) Paying the interest which
will accrue on the said bonds during the period required for the construction and equipment
of the said facilities and for a period not exceeding...
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41-10-270
Section 41-10-270 Use of proceeds from sale of bonds. All proceeds derived from the sale of
any bonds (except refunding bonds) by the authority remaining after payment of the expenses
of issuance thereof shall be turned over to the State Treasurer, shall be carried in a special
account of the State Treasury to the credit of the authority, and shall be subject to be drawn
on by the authority solely for the purposes of funding any required reserve fund, acquiring,
constructing, installing and equipping judicial facilities and paying all reasonable and necessary
expenses incidental thereto, including interest which shall accrue on said bonds during the
construction of said judicial facilities. Any balance of said proceeds thereafter remaining
shall, upon completion of said judicial facilities and the payment of all costs in connection
therewith, be used for the redemption of bonds of the authority at the earliest permissible
date. (Acts 1986, No. 86-420, p. 627, §11.)...
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41-10-463
Section 41-10-463 Investment of proceeds from sale of bonds. Any portion of the principal proceeds
derived from the sale of the bonds which the board of directors of the authority may determine
is not then needed for any of the purposes for which the bonds are authorized to be issued
shall, on order of the authority, be invested by the State Treasurer in permitted investments.
Any such securities may, at any time and from time to time on order of the authority, be sold
or otherwise converted by the State Treasurer into cash. The income derived from any such
investments shall be disbursed on order of the authority for any purpose for which the authority
may lawfully expend funds. (Acts 1990, No. 90-602, p. 1079, §14.)...
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41-10-507
Section 41-10-507 Investment of proceeds. Any portion of the principal proceeds derived from
the sale of the bonds which the board of directors of the authority may determine is not then
needed for any of the purposes for which the bonds are authorized to be issued shall, on order
of the authority, be invested by the State Treasurer in permitted investments which mature
at such time or times as the authority shall direct. Any such investments may, at any time
and from time to time on order of the authority, be sold or otherwise converted by the State
Treasurer into cash. The income derived from any such investments shall be disbursed on order
of the authority for any purpose for which it may lawfully expend funds. (Acts 1990, No. 90-603,
p. 1094, §18.)...
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41-15C-1
Section 41-15C-1 Creation; funding and distribution. (a) There is hereby created the Alabama
Senior Services Trust Fund as a separate fund in the State Treasury. The trust fund shall
be administered by the Secretary/Treasurer of the Retirement Systems of Alabama, 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 funds of the Retirement
Systems of Alabama. (b) Funding to the Alabama Senior Services Trust Fund shall be from the
distribution of tobacco settlement proceeds as enacted in Division 1 of Article 17 of Chapter
10 of this title. Distributions to the trust fund shall be made each fiscal year that the
state receives proceeds from the tobacco settlement. (c) Earnings in the trust fund shall
not be subject to appropriation until the Legislature includes an appropriation in the general
appropriations act from the trust fund to the Department of Senior...
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14-2-20
Section 14-2-20 Bonds - Investment of proceeds. Any portion of the principal proceeds derived
from the sale of the bonds which the board of directors of the authority may determine is
not then needed for any of the purposes for which the bonds are authorized to be issued shall,
on order of the authority, be invested by the State Treasurer in any securities which are
direct and general obligations of the United States of America or the principal of and interest
on which are unconditionally and irrevocably guaranteed by the United States of America. Any
such securities may, at any time and from time to time on order of the authority, be sold
or otherwise converted by the State Treasurer into cash. The income derived from any such
investments shall be disbursed on order of the authority for any purpose for which it may
lawfully expend funds. (Acts 1965, No. 678, p. 1226, §15.)...
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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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36-18-8
Section 36-18-8 Alabama Forensic Services Trust Fund - Fees charged for use of department personnel
in private lawsuits; proceeds and earnings credited to fund. (a) Beginning October 1, 1995,
the Director of the Department of Forensic Sciences shall charge and collect three hundred
dollars ($300) per hour for the use of department personnel in private lawsuits arising from
death investigations and other criminal investigations the department conducts pursuant to
Section 36-18-2. (b) The fee shall be applied to time spent for any or all of the following:
(1) Preparation for trial. (2) Testimony. (3) Depositions. (4) Travel. (5) Consultations.
(6) Time spent in any additional actions imposed by private lawsuits arising from criminal
investigations. (c) Proceeds from the fees shall be forwarded by the department, no later
than 30 days after collection, to the State Treasurer. All amounts received by the State Treasurer
shall be credited to the Alabama Forensic Services Trust Fund and...
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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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40-20-50
Section 40-20-50 Collection of severance taxes; deposit into fund; distribution of investment
income; trustees; escrow agents; limitations. Any laws or parts of laws to the contrary notwithstanding,
any annual privilege tax levied upon persons engaging in the business of producing or severing
oil or gas or other hydrocarbons from the soil or waters of this state measured by the gross
value of such oil or gas or other hydrocarbons and which tax is applicable only in a particular
county and under which collections were being made on January 1, 1987, or which shall hereafter
be levied pursuant to legislative act, shall be continued and collected only as herein prescribed:
(1) All revenues collected from such local severance taxes shall, beginning the first day
of the month following August 3, 1987, be paid into the general fund of the county exclusively
for transfer and deposit into a trust fund hereby established until the total sum of $15,000,000
in severance tax revenues of the type...
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