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41-14-30
Section 41-14-30 Deposit of funds in qualified public depositories; types of investments.
(a) The State Treasurer may deposit the money of the state in any available bank product in
any bank or savings association that is a qualified public depository under Chapter 14A of
this title and that has been designated as a state depositary according to law, so long as
the bank or savings association agrees to pay interest on the money. (b) The State Treasurer
may invest so much of the funds as he or she may deem appropriate in bonds, notes, or treasury
bills of the United States or in obligations of any agency or instrumentality of the United
States of America, including but not limited to the Federal Land Bank, Federal Home Loan Bank,
Federal National Mortgage Association, Federal Intermediate Credit Bank, banks for cooperatives,
Resolution Trust Corporation, or any of its other agencies, or in any other obligations guaranteed
as to principal and interest by the United States, or in money...
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16-25A-8
Section 16-25A-8 Funding of health insurance plan; participation; Public Education Employees'
Health Insurance Fund. (a) The Public Education Employees' Health Insurance Board is hereby
authorized to provide under the contract or contracts entered into under the provisions of
this article an insurance benefit plan for each covered employee and, under certain conditions,
retired employees; the cost of such plan may be funded in part or in full through monthly
premiums per active employee from the same source of funds as those used for the payment of
salaries of active members and in part from other funds. (b) On or before January 1 next preceding
each regular meeting of the Legislature, the board shall certify to the Governor and to the
Legislature the amount or amounts necessary to fund coverage for benefits authorized by this
article for the following fiscal year for employees and for retired employees as a monthly
premium per active member per month. The Legislature shall set the...
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11-50-504
Section 11-50-504 Deposit and distribution of money received from use of electric system.
All money collected from the sale of electric current or received in any way from the use
of the municipal electric distribution system shall be deposited in the municipal depositories,
which shall be qualified public depositories under Chapter 14A of Title 41, and shall be distributed
by the board as required by the governing body of the municipality. (Acts 1939, No. 463, p.
675; Code 1940, T. 18, §74; Act 2000-748, p. 1669, §2.)...
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9-6-6
Section 9-6-6 Board of directors. Each public corporation formed under this chapter
shall be governed by a board of directors. All powers of the corporation shall be exercised
by the board or pursuant to its authorization. The initial board shall consist of three directors
appointed by the Governor from among the persons who filed the application to incorporate.
The Governor shall appoint the directors as soon as may be practicable after he is notified,
as required in Section 9-6-5, that the public corporation has been formed. The terms
of the directors shall be staggered, the first term of one director being for three years
from and after the date of his appointment, the first term of another director being for six
years from and after the date of his appointment and the first term of the remaining director
being for nine years from and after the date of his appointment; thereafter the term of office
of each director shall be for nine years. Vacancies on the board shall be filled by...
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27-3-14
Section 27-3-14 Deposit requirements - Alien insurers - Generally. (a) An alien insurer
shall not have authority to transact insurance in this state unless it has and maintains within
the United States as deposits with trustees, public depositaries or in trust institutions
approved by the commissioner under Section 27-3-15 assets available for discharge of
its United States insurance obligations, which assets shall be in amount not less than the
outstanding liabilities of the insurer arising out of its insurance transactions in the United
States together with the greater of the following sums: (1) The largest deposit required by
Section 27-3-11 to be made by foreign insurers transacting like kinds of insurance;
or (2) $300,000.00. (b) Of the amount deposited by an alien insurer, an amount not less than
that required under subdivisions (a)(1) or (a)(2) of this section shall be deposited
and maintained on deposit in cash or securities eligible for deposit under Section
27-6-3 with the...
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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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16-39-2
Section 16-39-2 Definitions. For purposes of this chapter, the following words, terms,
and phrases shall have the following respective interpretations: (1) EXCEPTIONAL CHILDREN.
Persons between the ages of six and 21 years who have been certified under regulations of
the State Board of Education by a specialist as being unsuited for enrollment in regular classes
of the public schools or who are unable to be educated or trained adequately in the regular
programs including, but not limited to: the mildly and moderately to severely retarded, and
also the profoundly retarded; the speech impaired; the hearing impaired, deaf, and partially
hearing; the blind and vision impaired; the crippled and those having other physical handicaps
not otherwise specifically mentioned herein; the emotionally conflicted; those with special
learning disabilities; the multiple handicapped; and the intellectually gifted. (2) HEREIN,
HEREBY, HEREUNDER, HEREOF. Refer to this chapter as an entirety and not solely...
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36-29-50
Section 36-29-50 High deductible health plan with a federally qualified health savings
account. (a) As used in this section, the following words shall have the following
meanings: (1) HEALTH SAVINGS ACCOUNT or HSA. A savings or other account meeting the requirements
for favorable tax treatment under 26 U.S.C. §223, as amended. (2) HIGH DEDUCTIBLE HEALTH
PLAN or HDHP. That term as defined in 26 U.S.C. §223(c)(2), as amended, and any regulations
promulgated thereunder. (3) PARTICIPANT. An eligible active or retired state employee and
his or her dependents as determined by the State Employees' Insurance Board. (b) The State
Employees' Insurance Board may offer a high deductible health plan with a federally qualified
health savings account (HDHP-HSA) to eligible active and retired state employees and their
dependents. A retired state employee eligible for or entitled to Medicare benefits under Title
XVIII of the federal Social Security Act is not eligible to participate in the HDHP-HSA....
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41-14A-13
Section 41-14A-13 Establishment of Program Enforcement Fund. There is hereby created
a SAFE Program Enforcement Fund, which shall be held and administered by the State Treasurer.
There shall be paid into the Program Enforcement Fund all administrative penalties collected
under this chapter. The amounts in the Program Enforcement Fund shall be applied and disbursed
by the State Treasurer to pay the costs and expenses of enforcing the requirements and provisions
of this chapter, including the costs of foreclosing on pledged collateral, of making and collecting
assessments from qualified public depositories, and of enforcing the obligations of qualified
public depositories under contingent liability agreements. Any money in the Program Enforcement
Fund estimated not to be needed for immediate cash requirements shall be invested in any securities
or other investments selected by the State Treasurer that are permitted under Section
41-14-30. All interest and other earnings from the...
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22-6-151
Section 22-6-151 Regional care organizations; governing board of directors; citizen's
advisory committee; solvency and financial requirements; reporting; provider standards committee.
(a) A regional care organization shall serve only Medicaid beneficiaries in providing medical
care and services. (b) Notwithstanding any other provision of law, a regional care organization
shall not be deemed an insurance company under state law. (c)(1) A regional care organization
and an organization with probationary regional care organization certification shall have
a governing board of directors composed of the following members: a. Twelve members shall
be persons representing risk-bearing participants in the regional care organization or organization
with probationary certification. A participant bears risk by contributing cash, capital, or
other assets to the regional care organization. A participant also bears risk by contracting
with the regional care organization to treat Medicaid beneficiaries...
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