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31-5A-7
Section 31-5A-7 State Veterans' Home Trust Fund; deposits; expenditures. There is hereby
created in the State Treasury a trust fund for the Alabama Department of Veterans' Affairs,
to be known as the Alabama Veterans' Home Trust Fund. The trust fund shall consist of all
funds and monies received by the State Board of Veterans' Affairs and/or the Alabama Department
of Veterans' Affairs from the United States, any federal agency or institution, gifts, contributions,
bequests, any individual reimbursements, and any other source, for the care or support of
veterans, discharged other than under dishonorable conditions, who have been admitted and
cared for at an Alabama Department of Veterans' Affairs state veterans' home. Nothing contained
herein prohibits the establishment and utilization of special agency accounts by the Department
of Veterans' Affairs and its constituent institutions, as may be approved by the State Board
of Veterans' Affairs, for receipt and disbursement of the personal...
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25-4-30
Section 25-4-30 Administration and composition. There shall be as a special fund, separate
and apart from all public moneys or funds of this state, an Unemployment Compensation Trust
Fund, which shall be administered by the secretary exclusively for the purposes of this chapter
without liability on the part of the state beyond the amounts paid into and earned by the
fund. This fund shall consist of: (1) All contributions paid in or collected under this chapter;
(2) Interest earned upon any moneys in the fund; (3) Any property or securities acquired through
the use of moneys belonging to the fund; (4) All earnings of such property or securities;
(5) Any money received from the federal unemployment account in the unemployment trust fund
in accordance with Title XII of the Social Security Act; (6) All money credited to this state's
account in the unemployment trust fund pursuant to Section 903 of the Social Security
Act, as amended; and (7) All money received for the fund from any other...
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32-5A-191.2
Section 32-5A-191.2 Administration and disposition of funds in Alabama Head and Spinal
Cord Injury Trust Fund. (a) Beginning October 1, 1994, moneys in the Alabama Head and Spinal
Cord Injury Trust Fund shall be distributed to the Division of Rehabilitation Services in
the State Department of Education for the following purposes: (1) As a payer of last resort
for the costs of care provided in this state for citizens of this state who have survived
neuro-trauma with head or spinal cord injuries. Expenditures for spinal cord injury and head
injury care shall be made by the Division of Rehabilitation Services according to criteria
established by the Alabama Head and Spinal Cord Injury Trust Fund Advisory Board. Expenditures
may include but need not be limited to, post acute medical care, rehabilitation therapies,
medication, attendant care, home accessibility modification, and equipment necessary for activities
of daily living. (2) Public information, prevention education, and research...
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11-54-131
Section 11-54-131 Investment of moneys; duties of fund manager. (a) Moneys held in and
forming a part of an endowment trust fund, including, without limitation, proceeds of investments
held in and forming a part of the fund, shall, to the extent practicable and feasible, be
kept fully and continuously invested, pending their distribution and expenditure for the purposes
authorized by this division, in any of the following: (1) Interest-bearing bank time deposits
and interest-bearing bank certificates of deposit. (2) Debt securities that are direct general
obligations of the United States of America or any agency thereof, and debt securities of
any state or local government. (3) Other debt securities, common and preferred stocks, shares
of investment companies or mutual funds, or other like investments. (b) All of the above as
may be authorized in the trust agreement under which such fund has been established, and all
with the care, skill, prudence, and diligence under the circumstances...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-131.htm - 3K - Match Info - Similar pages
22-12B-3
Section 22-12B-3 Sources of funding. The source of funding for moneys to be received
by the Alabama Mothers and Babies Indigent Care Trust Fund shall include, without limitation,
grants, appropriations, contributions, and donations. For the purposes of this chapter, political
subdivisions may appropriate moneys directly to the trust fund. Any such grants, appropriations,
contributions, and donations are hereby appropriated and allocated to the Alabama Mothers
and Babies Indigent Care Trust Fund Board, at the time of the receipt of the grant, contribution
or donation, or at the effective date of the legislation making the appropriation. (Acts 1987,
No. 87-707, p. 1245, ยง3.)...
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41-23-193
Section 41-23-193 Creations; functions; fee. (a) The Alabama Public Transportation Trust
Fund is created in the State Treasury for the distribution of designated funds appropriated
by the Legislature or collected from grants or other sources for the purpose of increasing
public transportation options across the State of Alabama. The trust fund shall be maintained
and administered by the department. (b) The department shall do all of the following in maintaining
and administering the trust fund: (1) Invest and reinvest all money held in the trust fund
in investments under the department's investment policies. (2) Keep books and records relating
to the investment, interest earnings, and uses of monies deposited into the trust fund. (3)
Establish procedures for the withdrawal, allocation, and use of the monies held in the trust
fund for the purposes described in Section 41-23-194. (4) Publish, on an annual basis,
criteria for determining the distribution of monies from the trust fund. (5)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-23-193.htm - 3K - Match Info - Similar pages
22-35-4
Section 22-35-4 Alabama Underground and Aboveground Storage Tank Trust Fund. There is
hereby created the Alabama Underground and Aboveground Storage Tank Trust Fund, hereinafter
referred to as the "fund," to be administered by the Secretary-Treasurer of the
Retirement Systems of Alabama. The fund shall be used by the department as a revolving fund
for carrying out the purposes of this chapter. The fund is not an insurance company and the
laws relating to the conduct of business in this state by an insurance company do not apply
to the fund. A decision that underground or aboveground storage tanks are ineligible for benefits
under the fund does not expose the fund, the director, department, or commission to a claim
of bad faith as such terms are used in general insurance law. Further, in no event shall combined
claims against the fund for payment of response actions and third-party claims exceed the
per occurrence indemnification limit set by the commission. Under no circumstances shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-35-4.htm - 6K - Match Info - Similar pages
26-16-30
Section 26-16-30 Creation of fund; purpose; investment; disposition. (a) The Children's
Trust Fund is created as a separate fund in the State Treasury. The function of the Children's
Trust Fund shall be to serve as a permanent trust pursuant to Section 26-16-8, and
as an investment account for the earnings and funds received by the Child Abuse and Neglect
Prevention Board pursuant to Sections 26-16-8, 26-16-31, and 26-16-30(e). (b) The State Treasurer
shall credit to the trust fund all amounts appropriated for this purpose under this article
and any amounts received under Section 26-16-8. (c) The State Treasurer shall invest
trust fund money in the same manner as funds are invested pursuant to Section 16-33C-6.
Earnings shall be credited to the trust fund. (d) A separate revenue trust account in the
State Treasury is created to be known as the Child Abuse and Neglect Prevention Board Operations
Fund which shall serve as the administrative fund for the Children's Trust Fund and the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-16-30.htm - 3K - Match Info - Similar pages
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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25-4-55
Section 25-4-55 Payment of interest on moneys advanced by federal government - Contributory
employer's assessment; method of determining amount; procedures. In addition to all other
contributions required to be paid by the provisions of Sections 25-4-51 and 25-4-54, when
the Unemployment Compensation Trust Fund of this state has received advances from the federal
government under the provisions of 42 U.S.C. 1321, each contributory employer shall be assessed
an additional rate solely for the purpose of paying interest due on such federal advances.
The additional rate assessed to any employer shall be determined by dividing the estimated
amount of interest to be paid on such advanced moneys minus any balance in this special fund
by 95 percent of the wages as defined in Section 25-4-16 paid by all Alabama contributory
employers during the immediately preceding calendar year. The amount to be paid by each employer
shall be the product obtained by multiplying such employer's wages as...
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