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41-14-2
Section 41-14-2 Application for designation action upon default or insolvency. Before
any bank or savings association shall be designated as a state depositary, it shall be designated
as a qualified public depository under Chapter 14A of this title, and it shall file with the
State Treasurer an application in writing to be designated as a state depositary under the
terms of this article. Such qualified public depository shall accompany such application with
a statement, verified by the affidavit of its president or other executive head, setting forth
the amount of its paid-in capital stock, the amount of its surplus and undivided profits,
its principal place of business, the length of time it has been engaged in business and its
assets and liabilities at the time of making application. In the event of the default or insolvency,
as defined in Section 41-14A-2, of any state depository, the State Treasurer shall
take prompt action to enforce the rights of the state and the State Treasurer...
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11-1-7
Section 11-1-7 Appointment and use of public depositories; liability. (a) Upon the application
of the county tax collectors, revenue commissioners, license commissioners, county treasurers,
judges of probate, circuit court clerks, or registers of the circuit court, it shall be the
duty of the county commission of the county to appoint a bank or savings association, that
is a qualified public depository under Chapter 14A of Title 41, as a depository in which such
officers may deposit money coming into their hands as such officers, which appointment shall
be by proper resolutions spread upon the minutes of such commission. (b) Upon the application
of the custodian of county school funds, it shall be the duty of the county board of education
of the county to appoint a bank or savings association that is a qualified public depository
under Chapter 14A of Title 41, as a depository in which such officers may deposit money coming
into their hands as such officers, which appointment shall be...
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24-1A-41.1
Section 24-1A-41.1 Legislative intent. (a) In order to offset the adverse effects of
the global and national recession on Alabama's housing industry and its economic development
activity and to provide a boost to the state's housing industry and its economic development
and industrial recruitment, the Legislature adopted the Alabama Home Buyers Initiative Act,
codified as Sections 24-1A-40 to 24-1A-43, inclusive, which established a mortgage guarantee
fund to reimburse investors for a portion of any foreclosure losses suffered as a result of
purchasing qualified mortgage loans on eligible properties located within the State of Alabama.
(b) Pursuant to the act, six million dollars ($6,000,000) was appropriated and irrevocably
deposited in the mortgage guarantee fund. The fund is held by the State Treasurer and administered
by the Alabama Housing Finance Authority, a public corporation and instrumentality of the
State of Alabama. (c) It is hereby found and determined that, due to...
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24-1A-4
Section 24-1A-4 Members, officers and directors; appointment; qualifications; meetings
of board and public notice thereof; salaries; record of proceedings; copies of proceedings
as evidence; permanent maintenance of official record; members, officers, etc., not personally
liable; legislative oversight committee established; composition; appointment; expenses. (a)
The applicants named in the application, being the seven initial appointees of the Governor
by congressional districts, the Director of Finance ex officio and the Superintendent of Banks
ex officio, and their respective successors in office, together with the State Treasurer ex
officio, an appointee of the Governor from the state at large and the appointees of the Speaker
of the House and the Lieutenant Governor, and their respective successors in office, shall
constitute the members of the authority. The Governor shall, as soon as convenient after the
passage of this chapter, appoint one person from each of the now existing...
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45-17-80
Section 45-17-80 Public law library; librarian and advisory committee; personnel; law
library fund; fee. (a) The governing body of Colbert County, Alabama, by whatever name called,
is hereby authorized to establish and maintain a public law library in the county, and to
accomplish that purpose, may from time to time, expend such public funds of the county, as
are not required by law to be expended for any other purpose or purposes, to provide suitable
housing quarters, furniture, fixtures, and equipment therefor, to keep the same in a good
state of maintenance and repair, and, from time to time, to enlarge, expand, and improve such
library, facilities, and equipment and, from time to time, to provide such books, reports,
and periodicals for the library as are not provided therefor out of the special fund created
by this section or otherwise, and to pay the salaries of an assistant librarian and
such other personnel as may be necessary and proper to operate the same, to the extent that...
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8-32-3
Section 8-32-3 Requirements for selling or offering to sell service contracts. (a) Either
the provider or its designee shall: (1) Provide a receipt for, or other written evidence of,
the purchase of the service contract to the contract holder. (2) Provide a copy of the service
contract to the service contract holder within a reasonable period of time from the date of
purchase. (b) A provider may, but is not required to, appoint an administrator or other designee
to be responsible for any or all of the administration of service contracts and compliance
with this chapter. (c) Each provider of service contracts sold in this state shall file a
registration with the commissioner on a form prescribed by the commissioner. Each provider
shall pay to the commissioner a fee in the amount of two hundred dollars ($200) annually.
All fees collected shall be paid into a special revolving fund to be set up by the State Treasurer
referred to as the "Service Contract Revolving Fund." The Service...
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25-4-31
Section 25-4-31 Treasurer; separate accounts; disposition of interest and penalties.
(a) The secretary shall designate an employee of the unemployment compensation agency as treasurer
of the fund who shall pay all vouchers or checks duly drawn upon the fund, in such manner
as the secretary may prescribe. The secretary shall also designate an employee of the unemployment
compensation agency as alternate treasurer who, in case of extended absence of the treasurer
shall, upon written notice from the secretary, perform all duties of the treasurer. The treasurer
shall maintain within the fund the following separate accounts: A clearing account; an unemployment
trust fund account; an unemployment benefit payment account; a fraud interest penalty account;
and such other account or accounts as may be necessary for the payment of any federal unemployment
benefits. All moneys payable to the fund, upon receipt thereof by the secretary, shall be
forwarded to the treasurer who shall immediately...
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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...
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41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall
have the following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST
FUND. The trust fund of the state created under Amendment 450 to the Constitution of Alabama
of 1901, and appearing as ยง219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section
41-10-759. (3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established
pursuant to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued
pursuant to this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement
of economic damages claims of the state against BP Exploration and Production, Inc. and any
of its corporate affiliates arising out of the Deepwater Horizon oil spill...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division,
and others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant
to this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which
the payment of debt service referable to bonds, notes, or other evidences of indebtedness
of a development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of
the authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes,
or other evidences of indebtedness of a development agency that are issued solely for the
purpose in financing a project and that are guaranteed, in whole or in part,...
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