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29-9-6
Section 29-9-6 Temporary transfers into Education Trust Fund. During the first six months of
a fiscal year, the Director of Finance may temporarily transfer available funds in the Budget
Stabilization Fund into the Education Trust Fund as necessary to alleviate cash flow problems
in the Education Trust Fund. Any funds temporarily transferred shall be repaid to the Budget
Stabilization Fund from funds in the Education Trust Fund within 90 days following the date
the funds are transferred. (Act 2011-3, p. 90, §6; Act 2015-538, 2nd Sp. Sess., §1.)...
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16-1-40
Section 16-1-40 Education Trust Fund proration relief. (a) During fiscal year 2009 and any
fiscal year in which proration is declared by the Governor in an amount equal to or greater
than three percent, local boards of education, with the recommendation of the local superintendent,
may transfer Education Trust Fund line item appropriations including the Public School Fund,
except Public School Fund monies dedicated to a specific capital outlay project or debt service
and except for Alabama Public School and College Authority funds which are allocated for a
specific capital outlay project, between and among appropriated line item categories. No state
funds shall be transferred from funds appropriated for salaries, fringe benefits, or student
materials allocations. (b) Prior to any implementation of the flexibility provisions of this
section, the local board of education shall produce a plan indicating the source and amount
to be transferred from each line item and show that the transfer...
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16-13-234
Section 16-13-234 Allocation of funds. (a) In making apportionment of the Public School Fund
held by the state, to the local boards of education, the State Superintendent of Education
shall first set apart and distribute to the schools of each township the amount due from the
state thereto as interest on its sixteenth section fund, or other trust fund held by the state.
(b) It is the intent of the Legislature to insure that no local board of education receive
less state funds per pupil than it received in fiscal year 1994-95. For this reason the Foundation
Program for each local board of education shall be supplemented, if necessary, by a hold harmless
allowance. The base amount of each local board's hold harmless allowance calculation is the
1994-95 program cost as defined herein. The 1994-95 program cost of each local board of education
was determined by using the first forty scholastic days of average daily membership from 1993-94.
Beginning with the fiscal year 1995-96, the hold...
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16-25-45
Section 16-25-45 Appropriations; funding for benefits. (a) There is hereby appropriated from
the Education Trust Fund to the Teachers' Retirement System of Alabama $7,276,740 for the
fiscal year beginning October 1, 1988, or such amounts as are necessary to carry out the provisions
of this section as it relates to the Teachers' Retirement System. (b) There is hereby appropriated
from the Education Trust Fund to the Employees' Retirement System $22,500 for the fiscal year
beginning October 1, 1988, or such amounts as are necessary to carry out the provisions of
this section as they relate to retired employees of local boards of education and state institutions
of higher education who are retired under the Employees' Retirement System. (c) The Board
of Control of the Teachers' Retirement System shall determine annually the amount to pay the
cost of the benefits provided in this article and shall notify the chief fiscal officer of
each employer the percentum rate of earnable compensation...
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16-25-62
Section 16-25-62 Appropriation; funding for benefits. (a) There is hereby appropriated from
the Education Trust Fund to the Teachers' Retirement System of Alabama $13,878,629.00 for
the fiscal year beginning October 1, 1990. In addition to the appropriation provided herein
any available amounts from the existing funds of the Teachers' Retirement System which may
be expended without increasing the unfunded accrued liability of the Teachers' Retirement
System, as determined by the system's actuary, or any other appropriation to the Teachers'
Retirement System for the fiscal year beginning October 1, 1990, may be allocated and expended
by the Secretary-Treasurer to partially fund the benefits provided herein for the fiscal year
beginning October 1, 1990. In the event that funding from the Teachers' Retirement System
is utilized to fund a portion of the benefits provided herein for the fiscal year beginning
October 1, 1990 and in the further event that unencumbered funds shall be available...
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16-25-82
Section 16-25-82 Appropriations; funding for benefits. (a) There is appropriated from the Education
Trust Fund to the Teachers' Retirement System of Alabama $20,610,644 for the fiscal year beginning
October 1, 1993. (b) There is appropriated from the Education Trust Fund to the Employees'
Retirement System $38,320 for the fiscal year beginning October 1, 1993, to partially defray
the costs of this section as they relate to retired employees of local boards of education
and state institutions of higher education who are retired under the Employees' Retirement
System. (c) The Board of Control of the Teachers' Retirement System shall determine annually
the amount to pay the cost of the benefits provided in this article and shall notify the chief
fiscal officer of each employer the percentum rate of earnable compensation required to be
paid to the retirement system. Each employer of members of the Teachers' Retirement System
of Alabama shall pay on account of the increase provided in this...
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16-6F-10
Section 16-6F-10 Reporting of enrollment, attendance, etc.; funding. (a) Enrollment. Students
enrolled in and attending public charter schools shall be included in all enrollment and attendance
counts of students of the local school system in which the students reside. The public charter
school shall report all such data to the local school systems of residence in a timely manner.
Each local school system shall report such enrollment, attendance, and other counts of students
to the department in the manner required by the department. (b) Operational funding. (1) The
following provisions govern operational funding: a. In their initial year, and in subsequent
years to accommodate growth as articulated in their application, funding for public charter
schools shall be provided from the Education Trust Fund in the Foundation Program appropriation
for current units. Subsequent year funding for public charter schools shall be based on the
Foundation Program allocation and other public school...
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16-33B-1
Section 16-33B-1 Definitions. As used in this chapter, unless the context clearly requires
a different meaning, the following words shall have the following meanings: (1) ACHE. The
Alabama Commission on Higher Education. (2) APPROVED LENDER. Any eligible institution, or
any bank, trust company, savings and loan association, credit union, pension fund, or insurance
company, whose primary consumer credit function is not the making of insured student loans
and which is examined and supervised by the appropriate state or federal regulatory agency
or any other institution or agency defined as an eligible lender in accordance with the Federal
Student Loan Law. (3) ELIGIBLE INSTITUTION. Any postsecondary educational institution which
is approved by the Alabama Commission on Higher Education for the purposes of this program.
However, an institution offering exclusively correspondence, independent study, or home study
courses is not an eligible institution. (4) FEDERAL STUDENT LOAN LAW. Title...
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16-13-281
Section 16-13-281 Average salaries to match national average; funding; compliance. (a) The
average salary of Alabama teachers, including the State Minimum Salary Schedule, local salary
supplementals, state incentive pay such as National Board of Professional Teaching Standards
certification, and any other salary compensation paid to Alabama teachers, shall be increased
to the national average for teacher salaries as provided in this article. Beginning in the
fiscal year 2001-2002, and continuing each fiscal year thereafter until such time as the Alabama
teacher salary average has reached the national average for teacher salaries, there shall
be allocated 41.15 percent of the growth in the Education Trust Fund for teacher salaries.
The 41.15 percent of the growth shall not apply to any future new revenue source to the Education
Trust Fund, including any revenue generated from an increase in the rate or a substantial
change in the base of existing revenue sources. Provided, however, an...
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16-39-11
Section 16-39-11 Transportation. When authorized by regulations of the State Board of Education
in lieu of the amount calculated on the basis of average daily membership otherwise authorized
by law, there shall be allowed from the Education Trust Fund appropriation for transportation
for each bus used exclusively for the purpose of transporting eight or more pupils classified
as exceptional children who are unable to ride regular school buses 80 percent of the cost
of such transportation, and a proportionate amount shall be allowed for a vehicle used exclusively
for the transportation of a smaller number of exceptional children in average daily membership
as prescribed by regulations of the State Board of Education. (Acts 1971, No. 106, p. 373,
§11; Acts 1995, No. 95-314, p. 634, §49.)...
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