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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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45-21-240.03
Section 45-21-240.03 Oath of office; bond. Before entering upon the duties of office, the county
revenue commissioner shall take the oath of office prescribed by Article XVI of the Constitution
of Alabama, and execute a bond in such sum as may be fixed by the county commission or like
governing body of the county, giving as securities thereon a bonding company authorized to
do business in Alabama. The bond shall be conditioned as other official bonds are conditioned
and shall be approved by and filed with the judge of probate. The cost of the bond required
herein shall be paid out of the general funds of the county on warrant of the county commission
or other like governing body of the county, and shall be a preferred claim against the county.
(Act 88-739, 1st Sp. Sess., p. 141, §4.)...
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5-11A-5
Section 5-11A-5 Deposit of security for operation of trust business - Amount required and form;
charges against deposit. Any corporation organized and operating as a trust company or as
a bank authorized by law to do a trust business may deposit with the State Treasurer or elsewhere
United States bonds, bonds, notes or debentures of any federal agency such as a federal land
bank, banks for cooperatives, Farm Home Administration, Federal National Mortgage Association,
etc., Alabama bonds, bonds of any city or county in the State of Alabama or mortgages which
are first liens on real estate, worth in each case double the face of the mortgage, situated
in this state, to an amount not less than $25,000.00, and may increase said deposit from time
to time or reduce the same to an amount not less than $25,000.00, or may withdraw the deposit
entirely, provided such trust companies or banks have made final settlement and accounted
for all assets in their possession and under their control by...
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16-60-61
Section 16-60-61 Treasurer - Generally. The board of trustees shall also elect a treasurer
for the college who shall not be a trustee. The treasurer shall receive, hold and pay out
all moneys belonging to the college, or that may be paid in for the necessary expenses of
any student in the college, or for the use and benefit of any such student. The treasurer
shall hold office for the term and receive the compensation fixed for such office by the board
of trustees. Before entering upon his duties, the treasurer must give bond in such penalty
as the trustees prescribe, payable to the college, conditioned that he will faithfully receive,
safely keep and lawfully pay out, and promptly, fully and fairly account for all money or
choses in action which may come to him by virtue of his office, and the trustees may require
a new bond, or an additional bond, whenever, in their opinion, the interests of the college
require it. (Acts 1961, Ex. Sess., No. 151, p. 2095, §12.)...
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33-1-6
Section 33-1-6 Bonds required of certain employees. Before entering upon the duties of their
respective offices, all employees of the port authority handling money or vested with discretionary
powers shall execute to the State of Alabama a bond, to be approved by the board, in amounts
to be fixed by the director of the port authority, for the faithful performance of their duties.
(Acts 1943, No. 122, p. 123; Acts 1961, Ex. Sess., No. 208, p. 2190; Act 2000-598. § 2.)...
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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...
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40-4-1
Section 40-4-1 Bonds. The tax assessor in every county in the State of Alabama shall, before
entering upon the discharge of the duties of his office as tax assessor, execute in duplicate
a bond in the sum of not less than $5,000. Such bond shall be payable to the State of Alabama,
with sufficient surety or sureties, to be approved by the judge of probate, and conditioned
faithfully to discharge the duties of his office, which are or may be required by law during
the time he continues therein or discharges any of the duties thereof. One of such duplicates
must be filed and recorded in the office of the judge of probate, and the other must be filed
in the office of the Comptroller on or before September 1 next after his election. (Acts 1935,
No. 194, p. 256; Code 1940, T. 41, §79.)...
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41-14-5
Section 41-14-5 State or county officers may deposit state funds in depositaries; maximum amount
of state funds which depositaries may receive, etc. Any state or county officer in this state
having in his possession or under his control funds or moneys belonging to the state may place
the same in a state depositary to the credit of the State Treasurer and subject to the check
or order of the Treasurer. No state depositary shall receive or have at any time an amount
of paid money or funds in excess of the face value of bonds and other securities deposited
or for which receipts have been deposited by it with the Treasurer. (Code 1907, §644; Code
1923, §894; Code 1940, T. 55, §382; Acts 1943, No. 14, p. 17; Acts 1947, No. 411, p. 301,
§3; Acts 1949, No. 223, p. 332.)...
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11-50-499
Section 11-50-499 Bonds of officers and employees. All officers or employees of the board handling
money or exercising authority over property of the municipality shall, before entering upon
the discharge of their duties, give bond with some surety company authorized to do business
in the State of Alabama, as surety and payable to the municipality, to be approved by the
board, in such penalty as the board may prescribe, conditioned for the faithful discharge
of the duties of his office or employment, and faithfully to account for all moneys received
or property coming into his possession in the capacity of his employment. (Acts 1939, No.
463, p. 675; Code 1940, T. 18, §68.)...
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32-7-19
Section 32-7-19 Alternate methods of giving proof; registration of motor vehicle of person
required to give proof. (a) Proof of financial responsibility when required under this chapter
with respect to a motor vehicle or with respect to a person who is not the owner of a motor
vehicle may be given by filing: (1) A certificate of insurance as provided in Section 32-7-20
or Section 32-7-21; or (2) A bond as provided in Section 32-7-26; or (3) A certificate of
deposit of money or securities as provided in Section 32-7-27; or (4) A certificate of self-insurance,
as provided in Section 32-7-34, supplemented by an agreement by the self-insurer that, with
respect to accidents occurring while the certificate is in force, he or she will pay the same
judgments and in the same amounts that an insurer would have been obligated to pay under an
owner's motor vehicle liability policy if it had issued such a policy to the self-insurer.
(b) Proof of financial responsibility relating to a motor vehicle...
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