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41-15-2
Section 41-15-2 Department of Finance to administer chapter; administrator of State
Insurance Fund. The Department of Finance is hereby constituted and designated as the agency
through which this chapter shall be administered, and the director of said department is empowered
with such authority as may be necessary to carry out its purposes. The director of said department,
with the approval of the Governor, may appoint a risk manager, as administrator of the State
Insurance Fund, who is familiar with insurance customs and practices and is otherwise qualified
by actual experience in the underwriting of risks and adjustment of losses, to assist the
director of said department in carrying out the purpose of this chapter. The said risk manager
shall install and keep an accurate system of accounting and statistical records and shall
adjust losses, make appraisals of insured properties for insurance purposes, when necessary,
and shall handle or supervise the handling of all other details...
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5-12A-15
Section 5-12A-15 Taxation. A common trust fund, whether established, maintained, and
administered pursuant to the requirements of this chapter or established, maintained, administered,
and invested in without regard to the requirements and limitations of this chapter, as provided
in Section 5-12A-13, shall not be subject to taxation under any income tax law of the
State of Alabama. The computation of gain, loss, basis, taxable income, taxable loss, and
other income tax treatment of a common trust fund and its participants, shall be determined
in accordance with 26 U.S.C. ยง584, as amended from time to time. Every trust institution
maintaining a common trust fund shall make a return under oath for each fiscal year stating
specifically with respect to the fund the items of gross income and the deductions allowed
by law, and shall include in the return the names and addresses of the participants entitled
to share in the net income of the fund and the amount of the proportionate share of...
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22-30A-3
Section 22-30A-3 Alabama Hazardous Substance Cleanup Fund established; appropriations.
(a) There is hereby established within the State Treasury a special revenue fund to be known
as the Alabama Hazardous Substance Cleanup Fund. All federal grants, state appropriations,
penalties, reimbursements and any other funds collected pursuant to this chapter are hereby
appropriated for the purposes provided for in this chapter and shall be deposited into said
fund. Any funds remaining in the Alabama Hazardous Substance Cleanup Fund at the end of any
fiscal year shall not revert to the General Fund but shall remain in said fund and is hereby
reappropriated until expended in accordance with the provisions of this chapter. (b) There
is hereby appropriated from the State General Fund for the fiscal year ending September 30,
1989, the amount of $100,000.00 for the start-up and administrative costs necessary to implement
this chapter and for inactive or abandoned hazardous substance site cleanup...
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22-6-163
Section 22-6-163 Legislative findings; rules; collaboration; approval of agreements
and contracts; state action immunity; confidentiality of records; additional duties. (a) The
Legislature declares that collaboration among public payers, private health carriers, third
party purchasers, and providers to identify appropriate service delivery systems and reimbursement
methods in order to align incentives in support of integrated and coordinated health care
delivery is in the best interest of the public. Collaboration pursuant to this article is
to provide quality health care at the lowest possible cost to Alabama citizens who are Medicaid
eligible. The Legislature, therefore, declares that this health care delivery system affirmatively
contemplates the foreseeable displacement of competition, such that any anti-competitive effect
may be attributed to the state's policy to displace competition in the delivery of a coordinated
system of health care for the public benefit. In furtherance of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-6-163.htm - 6K - Match Info - Similar pages
22-6-233
Section 22-6-233 Legislative findings; certification of collaborators; powers of Medicaid
Agency; state action immunity. (a) The Legislature declares that collaboration among public
payers, private health carriers, third party purchasers, and providers to identify appropriate
service delivery systems and reimbursement methods in order to align incentives in support
of integrated and coordinated health care delivery is in the best interest of the public.
Collaboration pursuant to this article is to provide quality health care at the lowest possible
cost to Alabama citizens who are Medicaid eligible. The Legislature, therefore, declares that
this health care delivery system affirmatively contemplates the foreseeable displacement of
competition, such that any anti-competitive effect may be attributed to the state's policy
to displace competition in the delivery of a coordinated system of health care for the public
benefit. In furtherance of this goal, the Legislature declares its intent...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-6-233.htm - 6K - Match Info - Similar pages
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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41-15A-2
Section 41-15A-2 Distribution of proceeds. (a) Proceeds from the Penny Trust Fund which
are dedicated for the promotion of the public health shall be transmitted by the Comptroller
to the Department of Public Health for the Alabama Drug Assistance Program and other similar
programs upon application of the State Health Officer and approval by the board. (b) Proceeds
from the Penny Trust Fund which are dedicated for the promotion of the public health of children
in public schools shall be transmitted by the Comptroller to the State Board of Education
upon application of the State Superintendent of Education and approval by the board. Revenues
received by any school system from the Penny Trust Fund shall not replace or supplant any
existing funds or programs from any other source. (c) There is appropriated from the Penny
Trust Fund for any fiscal year accumulated earnings, available and not appropriated in any
fiscal year 2001 and forward sufficient to fund all applications and proposals...
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16-22-13.8
Section 16-22-13.8 Fiscal year 2018-2019 adjustments. (a) PAY INCREASES, FY 2018-2019.
The State Budget Officer shall allocate to the State Board of Education, the Board of Trustees
of the Alabama Institute for Deaf and Blind, the Board of Youth Services School District,
the Board of Directors of the Alabama School of Fine Arts, and the Board of Trustees of the
Alabama School of Mathematics and Science and for disbursement to the employees thereof funds
based on the criteria established in this section. It is not the intent of this section
to make appropriations, but the appropriations required by this section shall be made
in the annual Education Trust Fund budget act for the designated fiscal year. (1) Certificated
Personnel (K-12). For the fiscal year beginning October 1, 2018, and each year thereafter,
each certificated employee at all city and county school systems and the teachers at the Department
of Youth Services School District shall receive a two and one-half percent salary...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-22-13.8.htm - 9K - Match Info - Similar pages
16-22-13.9
Section 16-22-13.9 Fiscal year 2019-2020 adjustments. (a) PAY INCREASES, FY 2019-2020.
(a) The State Budget Officer shall allocate to the State Board of Education, the Board of
Trustees of the Alabama Institute for Deaf and Blind, the Board of Youth Services School District,
the Board of Directors of the Alabama School of Fine Arts, and the Board of Trustees of the
Alabama School of Mathematics and Science and for disbursement to the employees thereof funds
based on the criteria established in this section. It is not the intent of this section
to make appropriations, but the appropriations required by this section shall be made
in the annual Education Trust Fund budget act for the designated fiscal year. (1) Certificated
Personnel (K-12). For the fiscal year beginning October 1, 2019, and each year thereafter,
each certificated employee at all city and county school systems and the teachers at the Department
of Youth Services School District shall receive a four percent salary...
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16-33C-6
Section 16-33C-6 PACT Program generally. (a) The PACT Program is established as one
college savings alternative under the plan whereby purchasers enter into PACT contracts for
the future payment of tuition and mandatory fees at eligible educational institutions. The
PACT Program includes the PACT Trust Fund and the PACT Administrative Fund created pursuant
to this chapter. (b) The official location of the trust fund shall be the State Treasurer's
office, and the facilities of the State Treasurer shall be used and employed in the administration
of the fund including, but without limitation thereto, the keeping of records, the management
of bank accounts and other investments, the transfer of funds, and the safekeeping of securities
evidencing investments. The PACT Trust Fund is hereby created as the source for payment of
the PACT Program's obligations under PACT contracts. The amounts on deposit in the PACT Trust
Fund shall not constitute property of the state, and the state may have no...
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