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35-12-86
Section 35-12-86 Election to take payment or delivery. (a) The Treasurer may decline
to receive property reported under this article which the Treasurer considers to have a value
less than the expenses of notice and sale. (b) A holder, with the written consent of the Treasurer
and upon conditions and terms prescribed by the Treasurer, may report and deliver property
before the property is presumed abandoned. A holder exempt from reporting, upon conditions
and terms prescribed by the Treasurer, may voluntarily report. Property delivered under this
section is deemed abandoned upon receipt by the Treasurer and shall be handled in the
same manner as other abandoned property under this article. (Act 2004-440, p. 755, §1; Act
2013-91, p. 192, §1.)...
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40-17-359
Section 40-17-359 Distribution and use of proceeds. (a) For the purpose of this section,
the following terms shall have the meanings ascribed below: (1) BASE ANNUAL COUNTY DISTRIBUTION.
Five hundred fifty thousand dollars ($550,000). (2) COST OF COLLECTION. The amounts from the
proceeds of the highway gasoline tax that may be appropriated by the Legislature to the department
for its operating expenses. (3) COUNTY. Each county in the state. (4) FISCAL YEAR. The fiscal
year of the state. (5) DEPARTMENT OF TRANSPORTATION. The Department of Transportation of the
state. (6) HIGHWAY GASOLINE TAX. Both of the following: a. The excise tax levied under subdivision
(1) of subsection (a) of Section 40-17-325, with the exception of those portions of
the tax levied on aviation fuel and marine gasoline. b. The excise tax levied by Sections
40-17-140 to 40-17-155, inclusive, except that portion of the tax imposed on diesel fuel.
(7) LOCAL SUBDIVISIONS' SHARES OF THE NET TAX PROCEEDS. The 55 percent...
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37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state,
shall execute a compact, in substantially the following form, with the State of Mississippi,
and the Legislature approves and ratifies the compact in the form substantially as follows:
Northeast Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states
solemnly agree: Article I. The purpose of this compact is to promote and develop trade, commerce,
industry, and employment opportunities for the public good and welfare in northeast Mississippi
and northwest Alabama through the establishment of a joint interstate authority to acquire
certain railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
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41-4-110
Section 41-4-110 Established; duties; contracts for stationery, printing, paper, and
fuel; use of approved credit cards for certain purchases; State Procurement Fund. (a) There
shall be in the Department of Finance the Division of Purchasing. The functions and duties
of the Division of Purchasing shall be as follows: (1) To purchase all personal property and
nonprofessional services, except alcoholic beverages, which shall be purchased by the Alcoholic
Beverage Control Board and except as otherwise provided by law, for the state and each department,
board, bureau, commission, agency, office, and institution thereof, except as provided in
subsection (e). (2) To make and supervise the execution of all contracts and leases for the
use or acquisition of any personal property and nonprofessional services unless otherwise
provided by law. (3) To fix standards of quality and quantity and to develop standard specifications
for all personal property and nonprofessional services acquired by the...
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16-44B-1
Section 16-44B-1 Compact. ARTICLE I PURPOSE It is the purpose of this compact to remove
barriers to education success imposed on children of military families because of frequent
moves and deployment of their parents by: A. Facilitating the timely enrollment of children
of military families and ensuring that they are not placed at a disadvantage due to difficulty
in the transfer of education records from the previous school district(s) or variations in
entrance/age requirements. B. Facilitating the student placement process through which children
of military families are not disadvantaged by variations in attendance requirements, scheduling,
sequencing, grading, course content or assessment. C. Facilitating the qualification and eligibility
for enrollment, educational programs, and participation in extracurricular academic, athletic,
and social activities. D. Facilitating the on-time graduation of children of military families.
E. Providing for the promulgation and enforcement of...
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35-12-76
Section 35-12-76 Report of abandoned property. (a) A holder of property presumed abandoned
shall make a report to the Treasurer concerning the property. The report shall be filed electronically
and the monies remitted electronically. The Treasurer may grant an exception upon written
request as established by rule. A report should contain only tangible property or intangible
property. If a holder possesses both property types, two reports shall be filed. (b) The report
must be verified, balanced, and must contain, at a minimum, all of the following: (1) A description
of the property. (2) The date, if any, on which the property became payable, demandable, or
returnable, and the date of the last transaction with the apparent owner with respect to the
property. (3) Other information that the Treasurer by rule prescribes as necessary for the
administration of this article. (4) Except with respect to a traveler's check, money order,
or State of Alabama issued payment instruments, the name,...
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35-12-89
Section 35-12-89 Requests for reports and examination of records. (a) The Treasurer
may require a person who has not filed a report, or a person who the Treasurer believes has
filed an inaccurate, incomplete, or false report, to file a verified report in a form specified
by the Treasurer. The report must state whether the person is holding property reportable
under this article, describe property not previously reported or as to which the Treasurer
has made inquiry, and specifically identify and state the amounts of property that may be
in issue. (b) The Treasurer, at reasonable times and upon reasonable notice, may examine the
records of any person to determine whether the person has complied with this article. The
Treasurer may conduct the examination even if the person believes it is not in possession
of any property that shall be reported, paid, or delivered under this article. The Treasurer
may contract with any other person to conduct the examination on behalf of the Treasurer....
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35-12-82
Section 35-12-82 Claim of another state to recover property. (a) After property has
been paid or delivered to the Treasurer under this article, another state may recover the
property if any of the following apply: (1) The property was paid or delivered to the custody
of this state because the records of the holder did not reflect a last known location of the
apparent owner within the borders of the other state and the other state establishes that
the apparent owner or other person entitled to the property was last known to be located within
the borders of that state and under the laws of that state the property has escheated or become
subject to a claim of abandonment by that state. (2) The property was paid or delivered to
the custody of this state because the laws of the other state did not provide for the escheat
or custodial taking of the property, and under the laws of that state subsequently enacted
the property has escheated or become subject to a claim of abandonment by that...
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35-12-81
Section 35-12-81 Deposit of funds. (a) The Treasurer shall promptly deposit in the Unclaimed
Property Reserve Fund, created within the Treasury, all funds received under this article,
including but not limited to, the proceeds from the sale of abandoned property under Section
35-12-80, from which the Treasurer shall pay claims duly allowed and shall transfer funds
to the State Treasury Operations Fund. The Treasurer shall record the name and last known
address of each person appearing from the holder's reports to be entitled to the property,
and the name and last known address of each insured person or annuitant and beneficiary and
with respect to each policy or annuity listed in the report of an insurance company, its number,
the name of the company, and the amount due. (b) All costs and expenses of administering the
program under this article and all costs and expenses of administering the Office of State
Treasurer shall be paid from the State Treasury Operations Fund. (c) On a...
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35-12-77
Section 35-12-77 Payment or delivery of abandoned property. (a) Except for property
held in a safe deposit box or other safekeeping depository, upon filing the report required
in Section 35-12-76, the holder of property presumed abandoned shall pay, deliver,
or cause to be paid or delivered to the Treasurer the property described in the report as
unclaimed, but if the property is an automatically renewable deposit, and a penalty or forfeiture
in the payment of interest would result, the time for compliance is extended until a penalty
or forfeiture would no longer result. (b) Tangible property held in a safe deposit box or
other safekeeping depository shall be delivered to the Treasurer within 120 days after filing
the report required in Section 35-12-76. (c) If the property reported to the Treasurer
is a security or security entitlement under Article 8 of Title 7, the Uniform Commercial Code,
the Treasurer is an appropriate person to make an indorsement, instruction, or entitlement...
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