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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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38-10-51
Section 38-10-51 Trust fund established. The finance director of the State of Alabama shall
establish a separate account for deposit of donations to the foster care trust fund, the proceeds
of which shall be available to the Department of Human Resources for the purpose of assisting
children in its custody. (Acts 1990, No. 90-385, p. 527, §2.)...
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33-2-12
Section 33-2-12 Rates and charges for use of facilities. In order to enable the operations
established under this article to earn funds to pay operating expenses and interest on the
bonds and to create a sinking fund for the retirement of the bonds, the said Alabama State
Docks Department shall have the right and power to fix from time to time reasonable rates
of charges for services to all persons using said facilities. (Acts 1957, No. 311, p. 408,
§12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-12.htm - 766 bytes - Match Info - Similar pages
41-4-110
Section 41-4-110 Established; duties; contracts for stationery, printing, paper, and fuel;
use of approved credit cards for certain purchases; State Procurement Fund. (a) There shall
be in the Department of Finance the Division of Purchasing. The functions and duties of the
Division of Purchasing shall be as follows: (1) To purchase all personal property and nonprofessional
services, except alcoholic beverages, which shall be purchased by the Alcoholic Beverage Control
Board and except as otherwise provided by law, for the state and each department, board, bureau,
commission, agency, office, and institution thereof, except as provided in subsection (e).
(2) To make and supervise the execution of all contracts and leases for the use or acquisition
of any personal property and nonprofessional services unless otherwise provided by law. (3)
To fix standards of quality and quantity and to develop standard specifications for all personal
property and nonprofessional services acquired by the...
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41-4-17
Section 41-4-17 Rent charged for use of state buildings in Capitol complex; fund for operation,
maintenance, etc. (a) The Department of Finance shall charge reasonable rent for the use and
occupancy of any building owned by the state located in the Capitol complex and maintained
by the Department of Finance or any other building maintained by the Department of Finance
now or in the future. The Director of Finance shall establish such rent at rates which shall
not be more than an amount sufficient to pay the reasonable costs of operation, maintenance,
repair, renovation and any other necessary expenses. (b) All rents collected, and income earned
from such rents, under the provisions of this section shall be deposited into a revolving
fund in the State Treasury designated as the Capitol Complex Maintenance and Repair Fund,
and the Director of Finance is authorized to make deposits and expenditures from time to time
from such fund for said purposes. (Acts 1979, No. 79-456, p. 745; Acts...
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16-13-281
Section 16-13-281 Average salaries to match national average; funding; compliance. (a) The
average salary of Alabama teachers, including the State Minimum Salary Schedule, local salary
supplementals, state incentive pay such as National Board of Professional Teaching Standards
certification, and any other salary compensation paid to Alabama teachers, shall be increased
to the national average for teacher salaries as provided in this article. Beginning in the
fiscal year 2001-2002, and continuing each fiscal year thereafter until such time as the Alabama
teacher salary average has reached the national average for teacher salaries, there shall
be allocated 41.15 percent of the growth in the Education Trust Fund for teacher salaries.
The 41.15 percent of the growth shall not apply to any future new revenue source to the Education
Trust Fund, including any revenue generated from an increase in the rate or a substantial
change in the base of existing revenue sources. Provided, however, an...
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33-2-10
Section 33-2-10 Cost of each unit to be ascertained, etc.; sinking fund. Immediately upon the
completion of each unit of development along its inland waterway system acquired or erected
pursuant to this article, the director of the Alabama State Docks Department shall ascertain
the cost of such unit, which cost shall be entered in the accounts kept by the State Docks
Department as a charge against capital account for that unit. After the first 12 months from
the completion of each unit pursuant to this article, one half of one percent of the cost
thereof, not exceeding one half of the gross income thereof during each month, shall at the
end of the month be credited to an account designated "sinking fund" and shall be
used from time to time only for the purpose of paying interest charges and of retiring, by
repurchase, bonds issued pursuant to this article at not more than par or by paying them off
as the same mature, until all bonds issued pursuant to this article shall have been...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-10.htm - 1K - Match Info - Similar pages
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
22-35-5
Section 22-35-5 Fee; withdrawals; disposition of funds; liability for clean-up costs; audit.
(a) Every owner of an underground or aboveground storage tank as defined in this chapter shall
pay an Underground and Aboveground Storage Tank Trust Fund fee as established by the provisions
of this chapter to be paid to the department. During the first year next following October
1, 1988, the amount of the annual Underground and Aboveground Storage Tank Trust Fund fee
shall be one hundred dollars ($100). Thereafter, the commission, upon recommendation of the
management board, shall set such an amount not to exceed one hundred fifty dollars ($150)
per year per regulated tank. Should the fund become depleted due to claims being greater than
amounts provided by tank fees, the commission shall be empowered to make special assessments
of tank fees to protect the financial integrity of the fund. Provided the total tank fees
and special assessments for any fiscal year do not exceed one hundred fifty...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-35-5.htm - 13K - Match Info - Similar pages
41-4-30
Section 41-4-30 Head of department; chief financial officer of state; advisor to Governor and
Legislature; appointment; term of office; filling of vacancies; oath of office; full-time
position; conflicts of interest. The Department of Finance shall be headed by, and shall be
under the direction, supervision and control of, an officer who shall be known and designated
as the Director of Finance. The Director of Finance shall be the chief financial officer of
the state and the advisor of the Governor and of the Legislature in financial matters, and
he shall at all times be charged with protecting the financial interests of the state. He
shall be responsible to the Governor for the administration of the Department of Finance.
The Director of Finance shall be appointed and hold office at the pleasure of the Governor.
Vacancies for any reason shall be filled in the same manner as original appointments are made.
Before entering upon the discharge of his duties, the Director of Finance shall...
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