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34-27B-6
Section 34-27B-6 Trust fund. There is established a separate special trust fund in the State
Treasury to be known as the Alabama State Board of Respiratory Therapy Fund. All funds received
by the board shall be deposited into the fund and shall be expended only to implement and
administer this chapter. No monies shall be withdrawn or expended from the fund for any purpose
unless the monies have been appropriated by the Legislature and allocated pursuant to this
chapter. Any monies appropriated shall be budgeted and allocated pursuant to the Budget Management
Act in accordance with Article 4, commencing with Section 41-4-80, of Chapter 4 of Title 41,
and only in the amounts provided by the Legislature in the general appropriations act or other
appropriations act. Funds shall be disbursed only upon a warrant of the state Comptroller
upon itemized vouchers approved by the chair. After the first three full fiscal years from
May 17, 2004, and every three years thereafter, if a surplus of...
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36-17-17
Section 36-17-17 Special trustee of state sinking funds. Sinking funds are trust funds for
the equitable use and benefit of the holders and owners of the state bonds or obligations
for the payment of which the sinking funds were created. The Treasurer is special trustee
for the care and custody of such sinking funds after they are paid into the State Treasury.
It shall be the duty of the Treasurer to take charge of, keep safely and handle the funds
coming into said sinking funds. (Acts 1923, No. 436, p. 585, §1; Code 1923, §844; Acts 1935,
No. 311, p. 743, §5; Acts 1939, No. 112, p. 144, §§9, 10; Code 1940, T. 55, §226.)...
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41-10-469
Section 41-10-469 Use of proceeds of refunding bonds. The proceeds of refunding bonds shall
be applied, together with any other moneys legally available therefor, to the payment of the
expenses authorized by this article and to the payment of the principal of, premium, if any,
and interest due and to become due on any outstanding bonds to be refunded thereby and, if
so required by resolution of the authority, shall be deposited in the State Treasury in an
interest account to pay interest on refunding bonds, and in the State Treasury in a reserve
account to further secure the payment of the principal of, premium, if any, and interest on
any refunding bonds. The expenses authorized by this article shall include, in addition to
expenses authorized by other sections hereof, all expenses that the board of directors may
deem necessary or advantageous in connection with the sale and issuance of such refunding
bonds, including without limitation, the expenses of selling and issuing such...
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41-14-33
Section 41-14-33 Contracts covering time deposits, open account; early withdrawal; apportionment;
payment and rate of interest. (a) The State Treasurer is authorized to enter into contracts
with the state depositories for the deposit of state funds in time deposits, open account,
having maturities of 91 days, six months, or one year; provided that any such contract for
a time deposit, open account, having a maturity of 91 days shall provide for early withdrawal
of funds upon written notice delivered at least 14 days (or the minimum period of time as
is prescribed by applicable banking regulation then in effect) prior to the date of withdrawal.
(b) The State Treasurer shall apportion the time deposits, open account, among state depositories,
giving preference to banks that are located in Alabama and giving due consideration to the
activities of the various banking accounts maintained therein, the reasonable value of the
banking services rendered or to be rendered the state by depositary...
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41-15C-1
Section 41-15C-1 Creation; funding and distribution. (a) There is hereby created the Alabama
Senior Services Trust Fund as a separate fund in the State Treasury. The trust fund shall
be administered by the Secretary/Treasurer of the Retirement Systems of Alabama, which shall
be entitled to a reasonable fee for the administration. All investments shall be made pursuant
to the same authority and restrictions that apply to the investment of funds of the Retirement
Systems of Alabama. (b) Funding to the Alabama Senior Services Trust Fund shall be from the
distribution of tobacco settlement proceeds as enacted in Division 1 of Article 17 of Chapter
10 of this title. Distributions to the trust fund shall be made each fiscal year that the
state receives proceeds from the tobacco settlement. (c) Earnings in the trust fund shall
not be subject to appropriation until the Legislature includes an appropriation in the general
appropriations act from the trust fund to the Department of Senior...
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5-11A-11
Section 5-11A-11 Interest on bonds or securities deposited with Treasurer payable to trust
companies. The interest falling due from time to time on bonds or other securities on deposit
with the State Treasurer in accordance with Section 5-11A-5 shall be payable to the corporation
depositing such bonds or other securities, and the Treasurer may send to such corporation
a reasonable time before each interest period the coupons or interest note representing the
interest to become due at such interest period. (Acts 1980, No. 80-658, §5-11-11.)...
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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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27-3-13
Section 27-3-13 Deposit requirements - Special deposit - Title insurers. (a) For authority
to transact such insurance in this state, a foreign title insurer shall have and maintain
on deposit in this state for the better protection of its guaranty holders and creditors,
resident in this state, under its contracts of title insurance, cash and securities eligible
under Section 27-6-3 having a value at all times of not less than $50,000.00. The deposit
shall be so made and maintained in trust with a bank or trust company located in this state,
approved by the commissioner, having a capital and surplus of not less than $500,000.00. (b)
At its option, a domestic title insurer may maintain a deposit in like manner, amount, character
and for like purposes as required for foreign insurers under subsection (a) of this section.
(c) Such deposits shall be subject to the applicable provisions of Chapter 6 of this title.
(Acts 1923, No. 485, p. 635; Acts 1971, No. 407, p. 707, §58.)...
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16-33C-5
Section 16-33C-5 Powers of board. In addition to the powers granted by any other provision
of this chapter, the Savings Board and PACT board shall have, as agents of the State of Alabama,
the powers necessary or convenient to carry out the purposes and provisions of this chapter,
to develop and implement the ABLE Program, ACES Program and the PACT Program, and the powers
delegated by any other law of the state or any executive order thereof including, but not
limited to, the following express powers: (1) To adopt and amend bylaws. (2) To adopt the
rules and regulations necessary to implement the provisions of this chapter either with or
without compliance with the state Administrative Procedure Act. (3) To invest as they deem
appropriate any funds in the plan in any instrument, obligation, security, or property that
constitutes legal investments for public funds in the state, including legal investments for
the State Treasurer and the Alabama Trust Fund, and to name and use...
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