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40-23-35
Section 40-23-35 Disposition of revenues from tax. (a) Such amount of money as shall
be appropriated for each fiscal year by the Legislature to the Department of Revenue with
which to pay the salaries, the cost of operation and management of the department shall be
deducted, as a first charge thereon, from the taxes collected under the provisions of this
division; provided, that the expenditure of the sum so appropriated shall be budgeted and
allotted pursuant to Article 4 of Chapter 4 of Title 41, and limited to the amount appropriated
to defray the expenses of operating the department for each fiscal year. After the payment
of the expenses, so much of the amount remaining as may be necessary, after first applying
all sums of money received by reason of the application of the surplus in the income tax as
provided by Section 40-18-58, for the replacement in the public school fund of the
three-mill constitutional levy for schools and in the General Fund of the one-mill levy for...
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41-10-638
Section 41-10-638 Transfers from the special fund. (a) All monies in the special fund
in excess of the monies to be retained therein as provided in Section 41-10-629 shall
be immediately transferred by the authority as follows: (1) Anything in Act 98-382, now appearing
in Sections 41-15B-1 to 41-15B-4, inclusive, to the contrary notwithstanding, tobacco revenues
in the following amounts received in each of the following fiscal years by the State of Alabama,
beginning in the fiscal year ending September 30, 2000, shall be transferred from the special
fund to the Children First Trust Fund to be appropriated by the Legislature, upon the recommendation
of the Governor, for programs authorized by the Children First Act: Amount Fiscal Year up
to $60,000,000 2000 up to $65,000,000 2001 up to $70,000,000 2002 and each fiscal year thereafter
(2) An amount up to $2,000,000 shall be transferred beginning in the fiscal year ending September
30, 2000, and each fiscal year thereafter to the Alabama...
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40-13-6
Section 40-13-6 Distribution of tax proceeds. (a) In each fiscal year when the funds
then on deposit in the special fund or funds created for retirement of the bonds equal the
amount needed to pay all the principal and interest becoming payable on the bonds within the
succeeding 12 months and the funds then on deposit in the reserve fund or funds created for
the bonds equal the maximum principal and interest becoming due on the bonds in any one year,
the severance tax proceeds remaining in the Alabama State Docks Bulk Handling Facility Trust
Fund, shall be distributed as provided herein; provided however, that if at the end of any
fiscal year of the state, beginning with the fiscal year ending September 30, 1987, the Director
of the Alabama State Docks Department shall have notified the Director of Finance in writing,
at least five days prior to the close of the fiscal year, that the revenues to be derived
by the Alabama State Docks Department from the operations of its coal handling...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-13-6.htm - 13K - Match Info - Similar pages
29-9-4
Section 29-9-4 Education Trust Fund Budget Stabilization Fund; Education Trust Fund
Advancement and Technology Fund. There is hereby created in the State Treasury an Education
Trust Fund Budget Stabilization Fund and an Education Trust Fund Advancement and Technology
Fund. Any monetary interest which accrues in the Education Trust Fund Budget Stabilization
Fund shall be retained in the fund from year to year and shall be subject only to the provisions
of this chapter. On or before November 15 of each fiscal year, if the total revenues deposited
into the Education Trust Fund during the immediately preceding fiscal year exceed the fiscal
year appropriation cap for the immediately preceding fiscal year, the excess shall be transferred
to the Education Trust Fund Rainy Day Account until the account has been repaid in full. If
the account has been repaid in full, any excess remaining shall be transferred to the Education
Trust Fund Budget Stabilization Fund and the Education Trust Fund...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/29-9-4.htm - 3K - Match Info - Similar pages
16-1-40
Section 16-1-40 Education Trust Fund proration relief. (a) During fiscal year 2009 and
any fiscal year in which proration is declared by the Governor in an amount equal to or greater
than three percent, local boards of education, with the recommendation of the local superintendent,
may transfer Education Trust Fund line item appropriations including the Public School Fund,
except Public School Fund monies dedicated to a specific capital outlay project or debt service
and except for Alabama Public School and College Authority funds which are allocated for a
specific capital outlay project, between and among appropriated line item categories. No state
funds shall be transferred from funds appropriated for salaries, fringe benefits, or student
materials allocations. (b) Prior to any implementation of the flexibility provisions of this
section, the local board of education shall produce a plan indicating the source and
amount to be transferred from each line item and show that the transfer...
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41-10-621
Section 41-10-621 Legislative findings and purpose. (a) The Legislature finds and declares
the following: (1) The State of Alabama has a great need from time to time to have access
to financing for economic development and industrial recruitment that does not involve improvements
to revenue-producing facilities. (2) It is desirable and in the public interest to establish
a state-level authority with the power to issue bonds for such general purposes. (3) The Alabama
Supreme Court has held, in effect, that only when the debt of a public corporation is payable
out of a new revenue source will such debt not be considered a debt of the state in contravention
of Section 213 of the Constitution of Alabama of 1901; the State of Alabama expects
to receive in the near future new revenues from the settlement of certain litigation between
the state and the tobacco industry. (4) By the passage of this division, it is the intention
of the Legislature to: a. Provide for the creation of a special...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-621.htm - 2K - Match Info - Similar pages
16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature
finds that the number of students attending the several school systems located in those areas
of North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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33-2-212
Section 33-2-212 Report attesting to actual deficiency; adjustment of amount previously
transferred; transfer to State General Fund. Within 20 days after the close of any quarter
of any fiscal year during which moneys have been transferred and paid to the Alabama State
Port Authority pursuant to a notification of expected deficiency as described in Section
33-2-211, a written report shall be filed by the Director of the Alabama State Port Authority
with the Director of Finance supported by such documentation as may be deemed appropriate
by the Director of Finance, attesting to the amount of the actual deficiency, if any, incurred
during that quarter by the Alabama State Port Authority respecting its facilities, computed
by subtracting the sum of the revenues actually derived by the Alabama State Port Authority
from the operation of its facilities for that quarter and those moneys actually made available
during that quarter to the Alabama State Port Authority pursuant to Section...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-212.htm - 6K - Match Info - Similar pages
33-2-210
Section 33-2-210 Creation and funding of Alabama State Docks Facilities Contingency
Trust Fund. Beginning with the fiscal year commencing on October 1, 1987, the first nine million
five hundred thousand dollars ($9,500,000) of the net amount of all taxes required to be deposited
to or certified into the State Treasury to the credit of the State General Fund pursuant to
Section 40-20-8, during each quarter of each fiscal year shall be credited to an account
to be established in the State Treasury and known as the Alabama State Docks Facilities Contingency
Trust Fund. All funds deposited in the State Treasury to the credit of the Alabama State Docks
Facilities Contingency Trust Fund are to the extent set out herein appropriated to the Alabama
State Port Authority and shall be transferred to the port authority upon the making by the
Director of Finance of the factual determinations hereinafter provided for. In no case shall
the amount transferred and paid out of the Alabama State Docks...
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33-2-211
Section 33-2-211 Notification by Director of Alabama State Port Authority to Director
of Finance of expected deficiency. During the first 20 days of each quarter of each fiscal
year of the state, beginning with the fiscal year commencing on October 1, 1987, the Director
of the Alabama State Port Authority shall notify the Director of Finance in writing as to
whether the revenues anticipated to be derived by the Alabama State Port Authority from the
operation of its facilities for that quarter, plus those moneys the Director of the Alabama
State Port Authority anticipates will be made available during that quarter to the Alabama
State Port Authority pursuant to Section 40-13-6, will together be sufficient to pay
the aggregate of (1) the expenses anticipated to be incurred in operating and maintaining
the Alabama State Port Authority's coal handling facilities during that quarter (including
depreciation for that quarter not to exceed $500,000.00), (2) the expenses anticipated to
be...
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