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41-23-252
Section 41-23-252 Definitions. For the purpose of this article, the following words
and phrases shall have the following meanings: (1) ADECA. The Alabama Department of Economic
and Community Affairs. (2) ALABAMA RESEARCH ENTITY. One or more of the following: a. A public
or private university in the state. b. A university research foundation affiliated with a
public or private university in the state. c. A public two-year college in the state. d. A
publicly owned hospital in the state. e. An entity duly formed, domiciled, or qualified to
do business in the state that meets each of the following criteria: 1. Is exempt from federal
income tax under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
2. Is predominantly engaged in research and non-commercial development activities undertaken
for the purpose of discovering information that is technological or biotechnological in nature,
involves a process of experimentation, and the application of which is intended to be...
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41-23-123
Section 41-23-123 Inland Waterways and Intermodal Infrastructure Fund. (a) The Inland
Waterways and Intermodal Infrastructure Fund is created in ADECA to finance infrastructure
improvements related to inland waterway and intermodal development projects, any national
water recreation trail in Alabama which is designated by the National Park Service, and other
projects as may be authorized by law for multi-modal transportation development. (b) To receive
funds under this article, a port, authority, other legal entity, or commission shall file
an application with ADECA describing how the funds will be used and any other information
ADECA may require. No application shall be approved or funds distributed unless the expenditure
of funds are: (1) Directly related to capital improvements, dredging for project development,
including economic development for recreation, or the rebuilding or rehabilitation of basic
waterway infrastructure and not for routine maintenance, administrative, or...
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19-3-125
Section 19-3-125 Life, endowment, or annuity contracts. In addition to any other investment
now permitted by law, a guardian or trustee may invest the funds of his ward or of the beneficiary
of the trust in life, endowment or annuity contracts of legal reserve life insurance companies
duly qualified and authorized to write such business in the State of Alabama; provided, however,
that the annual premium or premiums on such contracts purchased by such guardian or trustee
shall not exceed 25 percent of the income of the ward or the beneficiary for any calendar
year preceding the date of such purchase. The contract must contain the following options
after it has been in force for three years or less: a cash surrender value option, a paid-up
insurance or endowment option, and an extended insurance or endowment option. Such contract
may be issued on the life or lives of the ward or wards, or beneficiary or beneficiaries of
the trust or upon the life or lives of persons in whose life or...
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34-39-6
Section 34-39-6 Board of Occupational Therapy established; composition; fund created.
(a) There is established the Alabama State Board of Occupational Therapy. (1) The board shall
consist of five members, four of whom shall be involved in the practice of occupational therapy,
of which one shall be an occupational therapy assistant. The remaining member shall be a member
of another health profession or a member of the public with an interest in the rights or the
concerns of health services. Each member of the board shall be a citizen of this state. The
occupational therapy board members shall be appointed by the Governor from a list submitted
by the Alabama Occupational Therapy Association. In appointing members to the board, the association
and the Governor, to the extent possible, shall select those persons whose appointments ensure
that the membership of the board is inclusive and reflects the racial, gender, geographic,
urban/rural, and economic diversity of the state. Those board...
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34-40-14
Section 34-40-14 Athletic Trainers Fund created; expenditure of funds. There is hereby
created in the State Treasury a fund to be known as the Athletic Trainers Fund. All receipts
of the Alabama Athletic Trainers Board shall be deposited into this fund. The expenses incurred
by the Alabama Athletic Trainers Board in carrying out the provisions of this chapter shall
be paid out of the Athletic Trainers Fund by warrant of the Comptroller upon the Treasurer
upon itemized vouchers, approved by the chair of the board or his or her designee. The Alabama
Board of Athletic Trainers may make grants, and to otherwise arrange with qualified individuals,
institutions, or agencies to develop and promote athletic training programs and continuing
education programs for athletic trainers. No funds shall be withdrawn or expended except as
budgeted and allotted according to Sections 41-4-80 to 41-4-96 and Sections 41-19-1 to 41-19-12,
inclusive, and only in amounts as stipulated in the general...
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16-33C-10
Section 16-33C-10 ACES Program generally. (a) The ACES Program is established as one
college savings alternative under the plan whereby contributors open ACES savings accounts
according to savings agreements for the payment of qualified higher education costs for a
designated beneficiary at eligible educational institutions, terms as defined in Section
529 of the Internal Revenue Code of 1986, as amended, or other applicable federal law. The
ACES Program includes the ACES Trust Fund, the ACES Administrative Fund, and the ACES Opportunity
Enhancement Fund created pursuant to this chapter. The ACES Program may be marketed under
a different name than ACES. (b) The ACES Trust Fund is hereby created and shall be comprised
of separate ACES savings accounts held in segregated accounts as established by savings agreements.
Funds contributed to the ACES savings accounts established pursuant to the ACES Program are
held in trust by the Savings Board for the sole benefit of the contributor and...
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34-37-5
Section 34-37-5 Deposit and disbursement of funds; bond of the executive director and
deputy director. (a) There is established a separate special revenue trust fund in the State
Treasury to be known as the State of Alabama Plumbers and Gas Fitters Examining Board Fund.
All receipts collected by the board under this chapter shall be deposited in this fund and
used only to carry out 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
of the board or, in the absence of the executive director, by the deputy director. No funds
shall be withdrawn or expended except as budgeted and allotted according to Sections 41-4-80
to 41-4-96, inclusive, as amended, and only in amounts as stipulated in the general appropriation
bill or other appropriation bills. All money remaining at the end of the fiscal year which
exceeds 25 percent of the board's budget for the previous year shall be...
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40-26B-82
Section 40-26B-82 Effectiveness and cessation. (a) The assessment imposed under this
article shall not take effect or shall cease to be imposed and any moneys remaining in the
Hospital Assessment Account in the Alabama Medicaid Program Trust Fund shall be refunded to
hospitals in proportion to the amounts paid by them if any of the following occur: (1) Expenditures
for hospital inpatient and outpatient services paid for by the Alabama Medicaid Program for
fiscal years 2020, 2021, and 2022, are less than the amount paid during fiscal year 2017.
Reimbursement rates under this article for fiscal years 2020, 2021, and 2022, are less than
the rates approved by CMS in Sections 40-26B-79 and 40-26B-80. (2) The Medicaid Agency makes
changes in its rules that reduce hospital inpatient payment rates, outpatient payment rates,
or adjustment payments, including any cost settlement protocol, that were in effect on September
30, 2019. (3) The inpatient or outpatient hospital access payments required...
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45-46A-40
Section 45-46A-40 Linden Gas Investment Trust Fund. (a) There is hereby established
in the treasury of the City of Linden, Alabama, in Marengo County, a special investment fund
to be known as the Linden Gas Investment Trust Fund, hereinafter referred to as the fund.
All of the proceeds derived from the purchase agreement of the Linden city gas system negotiated
between the City of Linden, the City of Linden Utilities Board, and the Alabama Gas Corporation,
and any other funds lawfully granted or appropriated to the fund, shall constitute the corpus
or principal amount of the fund. All monies in the trust fund corpus shall be invested by
the governing body of the City of Linden only in those securities which are deemed legal investments
for fiduciaries as prescribed in Section 19-3-120. (b)(1) Upon the establishment of
the fund, the governing body of the City of Linden is authorized to expend only interest income
for any lawful purpose, and shall not spend or obligate any principal or...
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45-9A-40
Section 45-9A-40 Proceeds from sale of gas distribution system. (a) The City of LaFayette
has received proceeds from the sale of its gas distribution system, and all one million nine
hundred twenty thousand dollars ($1,920,000) of such proceeds shall be used to establish an
investment fund named "City of LaFayette Gas System Sale Investment Funds." This
fund may receive money from other sources in addition to that received from the sale of the
gas system. (b) The investment fund shall be invested only in United States securities, or
in investments secured by an agency of the United States government and 90 percent of the
annual interest therefrom shall be available to be spent or used for any lawful purpose. The
remaining 10 percent of such interest together with the principal shall remain in the investment
fund unless otherwise approved by a vote of two-thirds of the qualified electors in the City
of LaFayette. If approved by such voters, any portion of the aforesaid investment fund...
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