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27-37-6
Section 27-37-6 Valuation - Other securities; preferred or guaranteed stocks or shares. (a)
Securities, other than those referred to in Section 27-37-5, held by an insurer shall be valued,
in the discretion of the commissioner, at their market value, or at their appraised value
or at prices determined by him as representing their fair market value. (b) Preferred or guaranteed
stocks or shares, while paying full dividends, may be carried at a fixed value in lieu of
market value, at the discretion of the commissioner and in accordance with such method of
valuation as he may approve. (c) No valuation under this section shall be inconsistent with
any applicable valuation or method currently accepted and in use among insurers in general.
(Acts 1971, No. 407, p. 707, ยง750.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-37-6.htm - 1K - Match Info - Similar pages
27-41-3
Section 27-41-3 Investments which may be counted as admitted assets generally; investments
and obligations for investments deemed eligible investments under chapter generally; filing
with commissioner of certified statements as to investments or obligations for investments
not deemed eligible under chapter; assets or funds to which investment limitations based upon
amounts of insurers assets or particular funds relate. (a) Only eligible investments may be
counted as admitted assets. (b) Every investment lawfully held by a life, disability, or burial
insurer on January 1, 1978, and every investment which the life, disability, or burial insurer
became obligated to make prior to January 1, 1978, which was a lawful investment for the insurer
at the time made or at the time the insurer became obligated to make it shall be an eligible
investment. Any particular investment held by an insurer on May 17, 1993, or any amendment
thereto, which was a legal investment at the time it was made, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-41-3.htm - 3K - Match Info - Similar pages
36-15-1
Section 36-15-1 Duties generally. The Attorney General shall keep his or her office at the
capital city and perform the following duties: (1)a. He or she shall give his or her opinion
in writing, or otherwise, on any question of law connected with the interests of the state
or with the duties of any of the departments, when required by the Governor, Secretary of
State, Auditor, Treasurer, Superintendent of Education, Commissioner of Agriculture and Industries,
Director of Finance, Comptroller, State Health Officer, Public Service Commissioners, Commissioner
of Conservation and Natural Resources, or the Commissioner of the Department of Revenue or
any other officer or department of the state when it is made, by law, his or her duty so to
do, and he or she shall also give his or her opinion to the Chairman of the Judiciary Committee
of either house, when required, upon any matter under the consideration of the committee.
b. The Attorney General shall give his or her opinion, in writing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-15-1.htm - 9K - Match Info - Similar pages
41-10-469
Section 41-10-469 Use of proceeds of refunding bonds. The proceeds of refunding bonds shall
be applied, together with any other moneys legally available therefor, to the payment of the
expenses authorized by this article and to the payment of the principal of, premium, if any,
and interest due and to become due on any outstanding bonds to be refunded thereby and, if
so required by resolution of the authority, shall be deposited in the State Treasury in an
interest account to pay interest on refunding bonds, and in the State Treasury in a reserve
account to further secure the payment of the principal of, premium, if any, and interest on
any refunding bonds. The expenses authorized by this article shall include, in addition to
expenses authorized by other sections hereof, all expenses that the board of directors may
deem necessary or advantageous in connection with the sale and issuance of such refunding
bonds, including without limitation, the expenses of selling and issuing such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-469.htm - 7K - Match Info - Similar pages
41-14A-10
Section 41-14A-10 SAFE Loss Payment Fund. (a) In order to facilitate the administration of
this chapter, there is created the SAFE Loss Payment Fund, which shall be held and administered
by the State Treasurer, for the account of the SAFE Program, separate and apart from the State
General Fund. The proceeds from the sale of securities pledged as collateral or from any assessment
pursuant to Section 41-14A-9 shall be deposited into the Loss Payment Fund. The amounts on
deposit in the Loss Payment Fund shall be disbursed as necessary in accordance with the provisions
of this chapter in order to pay losses to public depositors and for such other purposes as
may be expressly provided for in this chapter. (b) The State Treasurer is authorized to pay
any losses to public depositors from the Loss Payment Fund. The term "losses," for
purposes of this chapter, shall also include losses of interest or other accumulations to
the public depositor as a result of penalties for early withdrawal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-14A-10.htm - 2K - Match Info - Similar pages
41-14A-2
Section 41-14A-2 Definitions. As used in this chapter, the following words and terms shall
have the following meanings: (1) AVERAGE MONTHLY BALANCE OF PUBLIC DEPOSITS. The sum of the
average daily balances of public deposits, meaning the net average daily balances of public
deposits determined without any deduction for deposit insurance, for the reported month and
the 11 months preceding that month, divided by 12. (2) BOARD OF DIRECTORS or BOARD. The Board
of Directors of the SAFE Program established under Section 41-14A-6. The board of directors
shall consist of eight members. (3) COLLATERAL-PLEDGING LEVEL or COLLATERAL-PLEDGING REQUIREMENT.
The percentage or percentages of collateral, in relation to one or more levels of public deposits
held, required to be pledged by a qualified public depository as determined in accordance
with the provisions of this chapter or rules or orders of the board adopted pursuant to this
chapter. (4) COVERED PUBLIC ENTITY. The state and its political...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-14A-2.htm - 8K - Match Info - Similar pages
45-12-240.40
Section 45-12-240.40 Motor vehicle licensing. (a) The Revenue Commissioner of Choctaw County
shall perform all duties relative to the assessment and collection of taxes on motor vehicles,
motor vehicle titles, and nonmotorized vehicles in Choctaw County which the judge of probate
is required under the law to perform. The judge of probate shall be relieved of all duties
and responsibilities relative to the assessment and collection of taxes on motor vehicles,
motor vehicle titles, and nonmotorized vehicles, and the revenue commissioner shall have all
the duties and responsibilities relative to the assessment and collection of taxes and issuance
of motor vehicle licenses and titles for motorized and non-motorized vehicles. For purposes
of this section the term "motor vehicle" shall mean the same as defined in Article
5, Chapter 12, Title 40. (b) Before entering upon the additional duties imposed by this section,
the revenue commissioner shall execute an additional bond in a sum...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-12-240.40.htm - 7K - Match Info - Similar pages
45-13-120
Section 45-13-120 Compensation; election; oath and bond; office space, equipment; chief clerk;
powers and duties; issuance of licenses; disposition of funds. (a)(1) Effective October 1,
1991, there is hereby created the office of commissioner of licenses. The salary of the commissioner
of licenses shall be in the amount of thirty-six thousand dollars ($36,000) annually. The
annual salary shall be payable in equal biweekly installments from the general funds of the
county, as all other county employees are paid. (2) The office of commissioner of licenses
shall be established upon the occurrence of a vacancy before October 1, 1991, in either the
office of tax assessor or tax collector, then, in that event, the officer remaining after
the office of revenue commissioner is established, shall be the license commissioner for the
remainder of the unexpired term for which he or she was elected as either tax assessor or
as tax collector, as the case may be, and the license commissioner shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-13-120.htm - 16K - Match Info - Similar pages
9-16-12
Section 9-16-12 Disposition of fees and penalties. (a) All fees and penalties collected under
the provisions of this article shall be deposited in the General Fund of the State Treasury.
(b) All funds received from the forfeiture of bonds, sureties, cash, or governmental securities
shall be placed in the State Treasury and credited to a special agency account created and
designated as the Surface Mining Reclamation Fund. The department shall, for each bond, surety,
or deposit of cash or securities forfeited, utilize the proceeds of the forfeiture for the
reclamation of affected lands. The director may establish and carry out a systematic schedule
for the reclamation and revegetation of lands which have been affected by strip mining operations
and to which there is no obligation on any person to reclaim or revegetate. The department
may cause the reclamation work to be done by employees of other governmental agencies or through
contracts with qualified vendors. The department and any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-16-12.htm - 1K - Match Info - Similar pages
11-43-21
Section 11-43-21 Qualifications; compensation; powers and duties; bond; term of office and
removal. (a) A city manager employed under the provisions of this article shall have the authority
and be charged with the duties, liabilities, and penalties and shall hold office and receive
compensation as set forth in this section: The city manager shall be the administrative head
of the municipal government. He shall be chosen by the governing body of the municipality
without regard to political beliefs and solely upon the basis of his executive and administrative
qualifications. The choice shall not be limited to inhabitants of the municipality or of the
State of Alabama. The city manager shall receive such compensation as may be prescribed by
ordinance of the governing body, which shall be payable in 12 monthly installments from the
municipal treasury. During the absence or disability of the city manager the governing body
shall designate some properly qualified person to perform the duties...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-43-21.htm - 5K - Match Info - Similar pages
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