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19-3B-110
Section 19-3B-110 Others treated as qualified beneficiaries. (a) Whenever notice to
qualified beneficiaries of a trust is required under this chapter, the trustee must also give
notice to any other beneficiary who has sent the trustee a request for notice. (b) A charitable
organization expressly designated to receive distributions under the terms of a charitable
trust has the rights of a qualified beneficiary under this chapter if the charitable organization,
on the date of the charitable organization's qualification is being determined: (1) is a distributee
or a permissible distributee of trust income or principal; (2) would be a distributee or permissible
distributee of trust income or principal upon the termination of the interests of other distributees
or permissible distributees then receiving or eligible to receive distributions; or (3) would
be a distributee or permissible distributee of trust income or principal if the trust terminated
on that date. (c) A person appointed to...
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2-6-53
Section 2-6-53 Lease authorized - Agricultural Center Fund; appropriations for rentals
and expenses. The charges made by the board pursuant to Section 2-6-51 shall be deposited
monthly in the State Treasury to the credit of a special fund therein designated the Agricultural
Center Fund and shall be used solely for the payment of the rentals payable under the lease
agreement and the said operating and administrative expenses. So much of the moneys in the
Agricultural Center Fund as may be necessary therefor are hereby appropriated for said purposes.
In the event the revenues derived from the operation of the properties covered by the lease
agreement should not be sufficient to pay, as the same respectively mature, the rentals required
to be paid by the board under the provisions of the lease agreement and to pay the said operating
and administrative expenses, there is hereby appropriated and ordered set aside in each fiscal
year during the term of the lease agreement, solely out of...
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26-16-30
Section 26-16-30 Creation of fund; purpose; investment; disposition. (a) The Children's
Trust Fund is created as a separate fund in the State Treasury. The function of the Children's
Trust Fund shall be to serve as a permanent trust pursuant to Section 26-16-8, and
as an investment account for the earnings and funds received by the Child Abuse and Neglect
Prevention Board pursuant to Sections 26-16-8, 26-16-31, and 26-16-30(e). (b) The State Treasurer
shall credit to the trust fund all amounts appropriated for this purpose under this article
and any amounts received under Section 26-16-8. (c) The State Treasurer shall invest
trust fund money in the same manner as funds are invested pursuant to Section 16-33C-6.
Earnings shall be credited to the trust fund. (d) A separate revenue trust account in the
State Treasury is created to be known as the Child Abuse and Neglect Prevention Board Operations
Fund which shall serve as the administrative fund for the Children's Trust Fund and the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-16-30.htm - 3K - Match Info - Similar pages
34-12-36
Section 34-12-36 Receipts; disbursements; bond of secretary; employees; gifts, bequests,
etc. The secretary of the board shall receive and account for all moneys derived under the
provisions of this chapter and shall pay the same monthly to the State Treasurer, who shall
keep such moneys in a separate fund to be known as the "Professional Foresters Fund."
Such fund shall be kept separate and apart from all other moneys in the Treasury and shall
be paid out only by warrant of the Comptroller upon the State Treasurer, upon itemized vouchers
approved by the chairman and attested by the secretary of the board. All moneys in the Professional
Foresters Fund are hereby specifically appropriated for the use of the board. The secretary
of the board, its office manager, or other designated officer of the board who handles funds
shall give surety bond to the state in such sum as the board may determine. The premium on
the bond shall be regarded as a proper and necessary expense of the board and...
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34-27C-15
Section 34-27C-15 Security Certification Fund. There is created in the State Treasury,
with funds expended by the board to defray the expenses of administering this chapter, a special
revenue trust fund designated as the Security Certification Fund. All receipts collected by
the board under this chapter shall be deposited in the fund and shall only be used to implement
this chapter. Receipts deposited into the fund shall be disbursed only by warrants of the
state Comptroller drawn upon the State Treasury on itemized vouchers approved by the board.
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 appropriations act, other appropriations acts, or this chapter.
At the end of any fiscal year following May 21, 2009, any unencumbered and unexpended balance
in the fund shall not revert to the General Fund of the State Treasury under...
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40-20-23
Section 40-20-23 Allocation and distribution of taxes. (a) Ninety percent (90%) of the
net amount of taxes collected by the department on oil or gas produced from submerged lands
which are not deemed to be onshore lands for allocation and distribution purposes pursuant
to subsections (d) or (e) shall be deposited to the State General Fund. The remaining ten
percent (10%) of the taxes collected on oil or gas produced from submerged lands which are
not deemed to be onshore lands for allocation and distribution purposes shall be allocated
and distributed by the Comptroller to the county in which the oil or gas was produced for
county purposes to be expended at the discretion of the county governing body. (b) The net
amount of taxes collected by the department pursuant to this article on oil or gas produced
from submerged lands which are deemed to be onshore lands for allocation and distribution
purposes pursuant to subsections (d) or (e) shall be allocated and distributed pursuant to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-20-23.htm - 5K - Match Info - Similar pages
9-2-20.2
Section 9-2-20.2 Game and Fish Fund - Alabama Nongame Wildlife Endowment. (a) There
is hereby created within the Game and Fish Fund a special account to be known as the Alabama
Nongame Wildlife Endowment. The assets of said account shall consist of the following: (1)
The proceeds from the sale of reproductions of the said print and/or stamp; (2) The proceeds
of any gifts, grants and contributions to the state which are specifically designated for
inclusion in said account; and (3) Such other sources as may be specified by law. (b) The
Alabama Nongame Wildlife Endowment shall be administered by a board of trustees consisting
of the Director of Finance, the Secretary-Treasurer of the State Employees' Retirement System
and the Commissioner of the Department of Conservation and Natural Resources. Said board of
trustees shall have the power and authority to invest and reinvest the assets of the account
within the guidelines, limitations and restrictions that govern investment of the State...
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11-54-125
Section 11-54-125 Definitions. As used in this division, the following terms shall have
the following meanings: (1) AUTHORIZING RESOLUTION. A resolution adopted by the directors
and authorizing the execution and delivery of a trust agreement. (2) DIRECTORS. The board
of directors of an industrial development board. (3) ENDOWMENT TRUST FUND or FUND. A trust
fund created by an industrial development board pursuant to this division. (4) FUND MANAGER.
Any individual, partnership, corporation, or other person, including, without limitation,
a trustee bank, employed to manage and invest moneys held in and forming a part of an endowment
trust fund and other contributions to such fund. (5) INDUSTRIAL DEVELOPMENT BOARD or BOARD.
A public corporation now in existence or hereafter organized pursuant to the provisions of
either industrial development board act. (6) INDUSTRIAL DEVELOPMENT BOARD ACT. Act 648, 1949
Regular Session, as amended, and Division 1 and Division 2 of this article, as...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-125.htm - 3K - Match Info - Similar pages
25-4-51
Section 25-4-51 Rates of contributions, etc., by employers. (a) Contributions. Except
as hereinafter provided and subject to the provisions of Section 25-4-54, every employer
shall pay contributions, or payments in lieu of contributions, equal to the percentages of
wages payable or paid as hereinafter set out, with respect to employment by him. (1) With
respect to employment during calendar years after December 31, 1975, every employer who has
been liable to the provisions of this chapter during a period of time sufficient to have his
rate of contribution determined under the experience rating provisions of Section 25-4-54
shall pay contributions at the rate prescribed thereby. (2) With respect to employment after
December 31, 1975, every employer who has not been liable to the provisions of this chapter
for a sufficient length of time to have his rate determined under the experience rating provisions
of Section 25-4-54 shall pay contributions at the rate of 2.70 percent of such wages...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-51.htm - 33K - Match Info - Similar pages
32-6-601
Section 32-6-601 Distribution of proceeds. The net proceeds of the additional revenues
derived from sales of the tags or plates produced pursuant to this division, less administrative
costs, including the cost of production of the tags or plates, shall be distributed by the
judge of probate, license commissioner, or other issuing official to the office of the state
Comptroller which shall distribute the proceeds equally to the Alabama Veterans' Assistance
Fund in the State Treasury and the USS Alabama Battleship Memorial Park Foundation in Mobile.
The additional fee represents a charitable contribution from the purchaser to the entities
receiving the distributions of the funds pursuant to this section. (Act 2001-1064,
4th Sp. Sess., p. 1063, ยง2.)...
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