11-29-3
Section 11-29-3 Definitions. As used in this chapter, the following words and phrases shall have the following respective meanings: (1) FISCAL YEAR. The fiscal year of the state as may from time to time be provided by law. (2) FUND. The "County Government Capital Improvement Fund." (3) FUND CAPITAL. All assets of the "fund." (4) STATE. The State of Alabama. (5) TRUST FUND. "The Alabama Trust Fund" created by Amendment Number 450 of the Constitution of Alabama of 1901. (6) TRUST INCOME. The net income received by the state, subsequent to the transfer of the initial trust capital by the State Treasurer to the board of trustees of the trust fund, from the investment and reinvestment of all assets of the trust fund, determined in accordance with the provisions of Amendment Number 450 of the Constitution of Alabama of 1901. "Trust income" does not include income which becomes part of the trust capital of the trust fund. (Acts 1986, No. 86-206, p. 269, §3.)...
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11-66-3
Section 11-66-3 Definitions. As used in this chapter, the following words and phrases shall have the following respective meanings: (1) FISCAL YEAR. The fiscal year of the state as may from time to time be provided by law. (2) FUND. The "Municipal Government Capital Improvement Fund." (3) FUND CAPITAL. All assets of the "fund." (4) STATE. The State of Alabama. (5) TRUST FUND. "The Alabama Trust Fund" created by Amendment Number 450 of the Constitution of Alabama 1901. (6) TRUST INCOME. The net income received by the state, subsequent to the transfer of the initial trust capital by the State Treasurer to the board of trustees of the trust fund, from the investment and reinvestment of all assets of the trust fund, determined in accordance with the provisions of Amendment Number 450 of the Constitution of Alabama 1901. "Trust income" does not include income which becomes part of the trust capital of the trust fund. (Acts 1986, No. 86-234, p. 345, §3.)...
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16-22-13.7
Section 16-22-13.7 Fiscal year 2016-2017 adjustments. (a) PAY INCREASES, FY 2016-2017. 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 EARNING LESS THAN $75,000 (K-12). For the fiscal year beginning October 1, 2016, 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 earning less than...
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34-36-17
Section 34-36-17 Funding. There is hereby established a separate fund in the State Treasury to be known as the Alabama Board of Electrical Contractors Fund. All money derived under the provisions of this chapter shall be deposited in this fund and used only to carry out the provisions of this chapter. Such fund shall be paid out only by warrant of the Comptroller upon the Treasurer, upon itemized vouchers, approved by the director of the board; provided, that no funds shall be withdrawn or expended except as budgeted and allotted according to the provisions of Sections 41-4-80 through 41-4-96 and Sections 41-19-1 through 41-19-12, and only in amounts as stipulated in the general appropriation or other appropriation bills. Any funds unspent and unencumbered at the end of any state fiscal year in excess of one hundred thousand dollars ($100,000) shall be transferred into the State General Fund on or before January 15 of the succeeding year. In addition, there is hereby appropriated from...
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12-23-10
Section 12-23-10 Alcohol and Drug Abuse Court Referral Officer Trust Fund - Established; use. The Alcohol and Drug Abuse Court Referral Officer Trust Fund is hereby established and created as a separate fund in the State Treasury. Such fund shall be used for operation of the alcohol and drug abuse court referral officer program. This fund shall consist of all moneys paid into the State Treasury to the credit of such fund pursuant to this chapter and all moneys received for the benefit of the court referral officer program by legislative appropriation, grant, gift, or contributions by counties or municipalities, or otherwise. Such moneys shall be used and expended by the Administrative Director of Courts to establish, organize, and administer the alcohol and drug abuse court referral officer program throughout the state. Any unexpended or unencumbered sums remaining in the fund at the end of the fiscal year except appropriations from other state funds shall remain in the fund to be...
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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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22-6-72
Section 22-6-72 Duties of State Treasurer; disposition of funds. The State Treasurer shall invest the funds in the trust fund on the direction of the board in investments which are eligible investments for the Alabama Trust Fund as authorized by Amendment No. 450 and Amendment No. 488 of the Constitution of Alabama of 1901. All interest earned on the investment of money in the trust fund shall be credited to the trust fund. The State Treasurer shall receive no fees or compensation for his or her work in complying with this provision. No funds may be transferred to the Medicaid Agency or expended by the board except as budgeted and allotted in accordance with the Budget Act and the Budget Management Act. Money contained in the trust fund at the end of any year shall not revert to the General Fund or any other fund in the State Treasury but shall remain in the trust fund until appropriated by the Legislature. (Act 2000-772, p. 1768, §3.)...
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29-10-1
Section 29-10-1 Repayment schedule; reports. (a) This section shall be known and may be cited as The People's Trust Act. (b)(1) Notwithstanding any other provision of law to the contrary, the Legislature shall provide for the repayment of all funds transferred from the Alabama Trust Fund to the State General Fund pursuant to Amendment 856 to the Constitution of Alabama of 1901. All funds borrowed pursuant to this amendment shall be repaid to the Alabama Trust Fund by not later than September 30, 2033. (2) The total annual amount repaid pursuant to this section shall not be less than the following amounts on the following dates: a. September 30, 2014: $5,000,000. b. September 30, 2015: $10,000,000. c. September 30, 2017: $238,434,126. d. September 30, 2020: $13,500,000. e. September 30, 2021: $13,500,000. f. September 30, 2022: $13,500,000. g. September 30, 2023: $13,500,000. h. September 30, 2024: $13,500,000. i. September 30, 2025: $13,500,000. j. September 30, 2026: $13,500,000. k....
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34-21A-6
Section 34-21A-6 Funding and financial administration of the board. (a) There is hereby established a separate special fund in the State Treasury to be known as the "Alabama Onsite Wastewater Board Fund." All receipts and monies collected under this chapter shall be deposited in the fund and used only to carry out the provisions of this chapter. The fund shall be disbursed only by warrant of the state Comptroller upon the State Treasury upon itemized vouchers approved by the executive director. No funds shall be withdrawn or expended except as budgeted and allotted according to Sections 41-4-80 to 41-4-96, inclusive, and 41-19-1 to 41-19-12, inclusive, and only in amounts as stipulated in the general appropriation bill or other appropriation bills. (b) Any funds unspent and unencumbered at the end of each fiscal year that exceed 25 percent of the board's budget for the previous fiscal year shall be transferred to the State General Fund. (Act 99-571, p. 1265, §6.)...
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41-10-768
Section 41-10-768 Legislative intent. It is the intent of the Legislature that payments allocated in Section 41-10-757 to the Alabama Trust Fund for the purpose of repaying amounts transferred to the State General Fund pursuant to Section 4 of Amendment 856 to the Constitution of Alabama of 1901 shall be in lieu of the fiscal year 2017 State General Fund appropriation of $20,000,000 to the Alabama Trust Fund Board for the same purpose as provided in Act 2016-116 and that such $20,000,000 be used instead to release a portion of the conditional appropriation to the Medicaid Agency contained in Act 2016-116. (Act 2016-469, 1st Sp Sess., §19.)...
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