Code of Alabama

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23-1-314
Section 23-1-314 Bonds and notes - Payment generally. (a) For the purpose of providing funds
to enable the authority to pay at their respective maturities and due dates the principal
of and interest on the obligations that may be issued by it under this article at any time
after March 1, 2014, there hereby is irrevocably pledged and appropriated so much as shall
be necessary for the purpose of the state's share of net gasoline tax proceeds. (b) In addition,
for the purpose of providing funds to enable the authority to pay at their respective maturities
and due dates the principal of and interest on the obligations that may be issued by it under
this article, there hereby is irrevocably pledged and appropriated each year all federal aid
funds for federal aid projects to be received by the State Department of Transportation from
the United States government to the extent that such funds may be required to pay the principal
of and interest on such obligations. All federal aid funds for...
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5-26-15
Section 5-26-15 Confidentiality. In order to promote more effective regulation and reduce regulatory
burden through supervisory information sharing: (1) PROTECTIONS. Except as otherwise provided
in Public Law 110-289, Section 1512, the requirements under any federal law regarding the
privacy or confidentiality of any information or material provided to the Nationwide Mortgage
Licensing System and Registry, and any privilege arising under federal or state law, including
the rules of any federal or state court, with respect to such information or material, shall
continue to apply to such information or material after the information or material has been
disclosed to the Nationwide Mortgage Licensing System and Registry. Such information and material
may be shared with all state and federal regulatory officials with mortgage industry oversight
authority without the loss of privilege or the loss of confidentiality protections provided
by federal or state law. (2) AGREEMENTS AND SHARING...
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7-4A-501
Section 7-4A-501 Variation by agreement and effect of funds-transfer system rule. (a) Except
as otherwise provided in this article, the rights and obligations of a party to a funds transfer
may be varied by agreement of the affected party. (b) "Funds-transfer system rule"
means a rule of an association of banks (i) governing transmission of payment orders by means
of a funds-transfer system of the association or rights and obligations with respect to those
orders, or (ii) to the extent the rule governs rights and obligations between banks that are
parties to a funds transfer in which a Federal Reserve Bank, acting as an intermediary bank,
sends a payment order to the beneficiary's bank. Except as otherwise provided in this article,
a funds-transfer system rule governing rights and obligations between participating banks
using the system may be effective even if the rule conflicts with this article and indirectly
affects another party to the funds transfer who does not consent to the...
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26-16-30
Section 26-16-30 Creation of fund; purpose; investment; disposition. (a) The Children's Trust
Fund is created as a separate fund in the State Treasury. The function of the Children's Trust
Fund shall be to serve as a permanent trust pursuant to Section 26-16-8, and as an investment
account for the earnings and funds received by the Child Abuse and Neglect Prevention Board
pursuant to Sections 26-16-8, 26-16-31, and 26-16-30(e). (b) The State Treasurer shall credit
to the trust fund all amounts appropriated for this purpose under this article and any amounts
received under Section 26-16-8. (c) The State Treasurer shall invest trust fund money in the
same manner as funds are invested pursuant to Section 16-33C-6. Earnings shall be credited
to the trust fund. (d) A separate revenue trust account in the State Treasury is created to
be known as the Child Abuse and Neglect Prevention Board Operations Fund which shall serve
as the administrative fund for the Children's Trust Fund and the...
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31-5-7
Section 31-5-7 State Service Commissioner - Duties generally; compensation. (a) The State Service
Commissioner shall submit to the State Board of Veterans' Affairs for its approval an annual
budget of all funds appropriated by the Legislature to the department for the specific purposes
for which they are appropriated, and also a budget of any federal funds which may be allotted
to the state by the federal government for the purposes of the department according to the
regulations of the federal authorities. He shall publish annually a full report of the operations
and administration of the department, together with recommendations and suggestions, and submit
such report to the state board. (b) It shall be the duty of the state commissioner to: (1)
Prepare detailed plans for, and fully develop, a comprehensive statewide veterans' assistance
program. (2) Cooperate with all other heads of the state departments in coordinating the plans
and programs of state agencies which may properly be...
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5-5A-28
Section 5-5A-28 Pledge of assets. No bank may pledge assets as security for deposits, except
any bank is authorized to pledge acceptable assets as security for deposits of trust funds
deposited by its trust department and of public funds, heretofore or hereafter deposited,
by the United States or any agency or governmental instrumentality of the United States or
by a state or any political subdivision of a state or any agency or other governmental instrumentality
of such subdivision, including any county, municipal corporation, county, city, or other public
board of education, including any custodian or treasurer of county, city, or other public
school funds, any improvement authority heretofore or hereafter incorporated or any public
corporation, including each board, authority, or district heretofore or hereafter organized
or created in a state pursuant to authorization or determination by any municipality or municipalities
or by any county or counties or the governing body of any...
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15-23-16
Section 15-23-16 Alabama Crime Victims Compensation Fund; created; purposes; composition; administered
or managed by commission. (a) There is hereby established a special fund to be known as the
Alabama Crime Victims Compensation Fund. (b) The fund shall be placed under the management
or administration of the Alabama Crime Victims Compensation Commission for purposes of providing
compensation or other benefits to crime victims and for purposes of implementing this article.
(c) The fund shall consist of all moneys collected or received by the Alabama Crime Victims
Compensation Commission from any source. (d) The commission shall have control of the funds
not inconsistent with this article and with the laws of Alabama. (e) All moneys of the commission
shall be covered into the State Treasury or deposited in a special trust account and may be
withdrawn therefrom by vouchers or check signed by the chair of the commission pursuant to
authorization given by the commissioner. All investments...
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16-44A-14
Section 16-44A-14 Powers of board of directors. In furtherance of the purposes of the compact,
the board of directors may do the following: (1) Accept donations of funds or land, bequests,
grants, appropriations, loans, membership fees, or other forms of financial assistance for
educational and other purposes in furtherance of this article, from any federal entity, from
the state, its agencies and subdivisions, or any local public entity which are hereby authorized
to grant any of the foregoing forms of assistance, or from any private person, or other agency,
and to comply with rules and regulations concerning grants by the federal government or other
grantors, which are not in contravention of the constitution and laws of this state or the
United States. (2) Enjoy and exercise any powers and duties, not inconsistent with this chapter,
which are authorized to non-profit organizations under Title 10. (3) Engage the services,
by employment or otherwise, of a full-time or part-time...
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22-34-3
Section 22-34-3 Revolving fund established; use of funds; administration of fund; annual report.
(a) There is hereby established the Water Pollution Control Revolving Loan Fund, which shall
be maintained in perpetuity and operated by the department as agent for the authority for
the purposes stated herein. Grants from the federal government or its agencies allotted to
the state for capitalization of the revolving loan fund, state matching funds where required,
and loan principal, interest, and penalties shall be deposited as required by the terms of
the federal grant directly in the revolving loan fund. Money in the revolving loan fund shall
be expended in a manner consistent with terms and conditions of the federal capitalization
grants and may be used to provide loans for the construction or rehabilitation of public wastewater
treatment facilities; to secure principal and interest on bonds issued by the authority if
the proceeds of such bonds are deposited in the revolving loan fund...
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23-1-366
Section 23-1-366 Disbursement of state appropriated funds; exception as to funds deposited
in Surplus Military Fields Fund. (a) The distributions, expenditures, withdrawals, and disbursements
of any state appropriated funds in the State Treasury to the credit of, or under the supervision
and control of, the department as specified by this article shall be only in the amounts and
for the purpose as provided in the general appropriation bill, and any and all expenses incurred
by the department in the administration of laws, rules, and regulations pertaining to aeronautics
shall be budgeted, allotted, and expended pursuant to Article 4 of Chapter 4 of Title 41.
(b) Subsection (a) shall not be construed to apply to any funds deposited into the Surplus
Military Fields Fund pursuant to any sale or lease of property deeded to the state by the
United States of America. The use of funds shall be governed by any restrictions or agreements
imposed by the government of the United States or its...
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