41-10-657
Section 41-10-657 Payment of training costs. In addition to the power to finance the payment of training costs through the issuance of the bonds, the authority may, if it determines that it is in the best interests of the state to do so, pay such training costs directly out of pledged revenues in the special fund, provided that any such payment in any fiscal year, together with debt service payable on outstanding bonds in such fiscal year, shall not exceed the total amount of pledged revenues permitted to be used by Division 1 to pay debt service on the authority's outstanding bonds in such fiscal year. (Act 99-391, p. 641, §8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-657.htm - 945 bytes - Match Info - Similar pages
41-10-677
Section 41-10-677 Payment of training costs directly out of pledged revenues. In addition to the power to finance the payment of training costs through the issuance of the bonds, the authority may, if it determines that it is in the best interests of the state to do so, pay such training costs directly out of pledged revenues in the special fund, provided that any such payment in any fiscal year, together with debt service payable on outstanding bonds in such fiscal year, shall not exceed the total amount of pledged revenues permitted to be used by the Enabling Act to pay debt service on the authority's outstanding bonds in such fiscal year. (Act 2001-691, p. 1430, § 8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-677.htm - 995 bytes - Match Info - Similar pages
41-10-622
Section 41-10-622 Definitions. When used in this division, the following terms shall have the following meanings, unless the context clearly indicates otherwise: (1) APPROPRIATED FUNDS. The tobacco revenues deposited in the special fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-630. (2) AUTHORITY. The Alabama 21st Century Authority authorized to be established pursuant to Section 41-10-623. (3) BONDS. Those bonds, including refunding bonds, issued pursuant to this division. (4) GOVERNMENT SECURITIES. Any bonds or other obligations which as the principal and interest constitute direct obligations of, or are unconditionally guaranteed by, the United States of America, including obligations of any federal agency to the extent such obligations are unconditionally guaranteed by the United States of America and any certificates or any other evidences of an ownership interest in such obligations of, or unconditionally guaranteed by, the United...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-622.htm - 5K - Match Info - Similar pages
22-6-70
Section 22-6-70 Created. There is hereby created in the State Treasury a trust fund to be known as the Medicaid Trust Fund. The trust fund shall be administered by a board of directors in accordance with the provisions of this article. Funds received by the State of Alabama from the following sources shall be deposited into the trust fund: (1) Tobacco revenues, as defined by Section 41-10-622(9), designated by state law for the use and benefit of the Alabama Medicaid Agency; (2) intergovernmental fund transfers received by the Alabama Medicaid Agency from public hospitals and public nursing homes which, at the end of any fiscal year, have not been expended or encumbered in accordance with the fiscal laws and procedures of the State of Alabama and when the transfer to the Medicaid Trust Fund has been recommended by the Commissioner of the Medicaid Agency and approved by the Director of Finance; and (3) any funds appropriated to the Alabama Medicaid Agency from any source which, at the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-6-70.htm - 1K - Match Info - Similar pages
36-17-20
Section 36-17-20 State Treasury Operations Fund. (a) There is hereby created in the state treasury a special fund to be known as the State Treasury Operations Fund, which shall be used exclusively for the operations of the Office of the State Treasurer. This fund may receive general fund appropriations, amounts from the Unclaimed Property Reserve Fund, and any other receipts. All unobligated amounts remaining in this special fund at the end of any fiscal year of the State of Alabama shall remain in this special fund and be available for use for the operations of the office. No funds shall be expended for any purpose whatsoever unless the same have been allotted and budgeted in accordance with the provisions of Article 4 of Chapter 4 of Title 41, and only in amounts and for the purposes provided by the Legislature in the general appropriation bill or as otherwise provided by statute. (b) Should the funds provided to the State Treasurer through the State Treasury Operations Fund be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-17-20.htm - 1K - Match Info - Similar pages
34-21A-6
Section 34-21A-6 Funding and financial administration of the board. (a) There is hereby established a separate special fund in the State Treasury to be known as the "Alabama Onsite Wastewater Board Fund." All receipts and monies collected under this chapter shall be deposited in the fund and used only to carry out the provisions of 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. 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 appropriation bill or other appropriation bills. (b) Any funds unspent and unencumbered at the end of each fiscal year that exceed 25 percent of the board's budget for the previous fiscal year shall be transferred to the State General Fund. (Act 99-571, p. 1265, §6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-21A-6.htm - 1K - Match Info - Similar pages
11-66-6
Section 11-66-6 Distribution of fund capital. The fund capital shall be distributed to the incorporated municipalities of the state and shall be paid on April 15 of the fiscal year for which each annual appropriation is made as follows: (1) Each incorporated municipality in the state with a population of less than 1,000 shall receive $1,000; each incorporated municipality in the state with a population of 1,000 or more shall receive $2,500. (2) The residue of the portion to be paid to the incorporated municipalities in the state shall be distributed among the incorporated municipalities in the state on the basis of the ratio of the population of each such municipality to the total population of all the incorporated municipalities in the state according to the next preceding federal decennial census, or in the case of a municipality incorporated subsequent to the said federal decennial census, the official census taken upon incorporation. Each municipality shall upon receipt of its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-66-6.htm - 1K - Match Info - Similar pages
40-28-2
Section 40-28-2 Distribution of Tennessee Valley Authority payments. (a) Beginning in the fiscal year ending September 30, 1980, the State of Alabama will annually transfer to the counties in Alabama served by T.V.A. a portion of the in-lieu-of-taxes payments made by T.V.A. to the State of Alabama. Such transfer of funds shall be according to the following schedule: For the Fiscal Year: Percentage of In-Lieu-of-Taxes Payments Transferred to T.V.A.-Served Counties by the State Shall Be: 1979-80 20% 1980-81 30% 1981-82 40% 1982-83 50% 1983-84 60% 1984-85 70% 1985-86 through 2004-05 75% 2005-2006 and each fiscal year thereafter 78% (b) The state shall distribute the in-lieu-of-taxes payments each fiscal year to each of the counties served by T.V.A., and the three percent increases after September 30, 2005, generated by the amendments to this section at the 2006 Regular Session of the Legislature shall be allocated by local legislation. (c)(1) In addition to the distribution provided for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-28-2.htm - 5K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-15C-1.htm - 2K - Match Info - Similar pages
29-9-3
Section 29-9-3 Fiscal year appropriation cap. (a) Notwithstanding any other provision of law to the contrary, beginning with appropriations made for the fiscal year ending September 30, 2013, appropriations from the Education Trust Fund shall not exceed the fiscal year appropriation cap. (b) The fiscal year appropriation cap for the Education Trust Fund shall be equal to the sum of all of the following: (1) The total of recurring revenues deposited into the Education Trust Fund in the last completed fiscal year preceding the date on which the fiscal year appropriation cap is calculated. (2) An amount equal to the amount in subdivision (1) multiplied by the average annual percent of change in the recurring revenues deposited into the Education Trust Fund for the 14 highest of the 15 completed fiscal years preceding the date on which the fiscal year appropriation cap is calculated. (3) If new recurring revenue measures are enacted that will be deposited into the Education Trust Fund, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/29-9-3.htm - 4K - Match Info - Similar pages
|