11-54A-8
Section 11-54A-8 Officers of authority. The officers of the authority shall consist of a chairman, vice chairman, secretary, treasurer, and such other officers as its board shall deem necessary or appropriate. The offices of secretary and treasurer may, but need not, be held by the same person. The chairman and vice chairman of the authority shall be elected by the board from the membership thereof; the secretary, the treasurer, and any other officers of the authority may, but need not, be members of the board and shall also be elected by the board. The chairman, vice chairman, secretary, and treasurer of the authority shall also be the chairman, vice chairman, secretary, and treasurer of the board, respectively. Prior to receipt by the authority of any tax revenues from the city, any county, state, or federal governments, the treasurer of the authority shall provide evidence to the governmental entity from which the funds are to be received of procurement of a fidelity bond in an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-8.htm - 1K - Match Info - Similar pages
12-18-5
Section 12-18-5 Applicability of article to justices and judges; contributions to retirement fund; granting of credit for military service. (a) Every justice of the Supreme Court, judge of the Court of Civil Appeals, judge of the Court of Criminal Appeals, and judge of the circuit court of the state holding office on September 18, 1973, shall have the right of election to come under this article. Each justice or judge holding office on September 18, 1973, shall have the right, within three years from September 18, 1973, to file with the clerk of the Supreme Court of Alabama, an instrument in writing electing to come under this article. Each justice or judge of such courts elected or appointed to office after September 18, 1973, shall come under this article as a matter of law. After September 18, 1973, each justice and each judge who has elected to come under this article as provided by this section or who comes under this article by operation of law shall contribute to the Judicial...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-5.htm - 5K - Match Info - Similar pages
2-6-76
Section 2-6-76 Powers of corporation - Issuance and sale of securities. (a) The corporation is authorized to issue and sell its interest-bearing or noninterest-bearing securities, in one or more series, not exceeding $6,000,000.00, in aggregate principal amount, to provide funds to be used by the Board of Agriculture and Industries in the construction, acquisition and installation of a market facility and to be used by the Agricultural Center Board in the renovation of the coliseum. (b) The principal of, premium, if any, and interest on any securities or series of securities of the corporation the proceeds of which are devoted to the construction, acquisition and installation of the market facility shall be payable from and secured by a pledge of all rents, leases, charges or other revenues derived or realized from leases to the public of said market facility after deduction of costs of operation. The principal of, premium, if any, and interest on any securities or series of securities...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-76.htm - 5K - Match Info - Similar pages
45-28A-42.68
Section 45-28A-42.68 Reimbursements of contributions. If any employee terminates his or her employment before becoming eligible for retirement benefits, such employee shall receive a lump sum payment from the board of trustees, within 90 days after filing a written application with the board, the lump sum payment to be based on the following scale: (1) From zero to and including the 5th year the employee shall receive 100 percent of all amounts he or she has contributed to the fund. (2) From six to and including the 10th year the employee shall receive 100 percent of all amounts he or she has contributed plus an amount equal to one percent per year of employment contributed by the City of Gadsden. (3) From 11 to and including the 20th year the employee will receive 100 percent of all amounts he or she has contributed plus an amount equal to two percent per year of employment contributed by the City of Gadsden. (Act 80-442, p. 674, §20.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-28A-42.68.htm - 1K - Match Info - Similar pages
45-37A-51.01
Section 45-37A-51.01 Purpose. (a) It is the intent of the Legislature that the additional benefits provided by this subpart shall be payable solely from the fund established by Section 45-37A-51.05, and that in no event shall any such additional benefit be payable from the fund established under Act 929. (b)(1) As used in this subsection and subsection (c), these terms have the meanings here given them. a. THE FUND. The fund that Section 45-37A-51.05 establishes, including all assets and resources in the fund or to be received by the fund in the future, and all income in the fund or to be received by the fund in the future. b. OBLIGATIONS OF THE SYSTEM. All existing, future, or contingent obligations and liabilities of the system, including every pension, allowance, or benefit which is payable, or which may become payable, out of the fund to any member of the system, or to any other person on account of such other person's relation to a member of the system, and also including the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.01.htm - 6K - Match Info - Similar pages
45-37A-51.302
Section 45-37A-51.302 Civic center. (a) For the purpose of the application of the system to the extent herein provided, and for that purpose only, and except as may be otherwise or differently provided herein, the employment by the civic center of employee members shall be deemed constructively employment by the city during all of their time in the service of the civic center after the adoption of this section, with like effect as though the employee members, while working for the civic center, were actually working as employees of the city, subject to this pension system. This section shall not apply unless all of the conditions hereinafter specified are met. (1) This section shall not apply to any employee member unless within 30 days after he or she leaves the service of the city he or she is employed by the civic center on a salary payable at regular specified intervals; any person employed by the civic center on a part time basis before he or she leaves, or when he or she leaves,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.302.htm - 3K - Match Info - Similar pages
45-40-83
Section 45-40-83 Salary. (a) This section shall apply only to Lawrence County. (b) Effective April 1, 2000, any Judge of Probate of Lawrence County who has served continuously as Judge of Probate of Lawrence County for a period of 20 years or more shall be entitled to receive as his or her compensation an amount equal to 60 percent of the total amount of compensation paid the presiding circuit judge of the Thirty-sixth Judicial Circuit. The compensation shall be payable in equal monthly installments from the General Fund of Lawrence County. (Act 2000-147, p. 213, §§1, 2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-40-83.htm - 900 bytes - Match Info - Similar pages
45-46A-40
Section 45-46A-40 Linden Gas Investment Trust Fund. (a) There is hereby established in the treasury of the City of Linden, Alabama, in Marengo County, a special investment fund to be known as the Linden Gas Investment Trust Fund, hereinafter referred to as the fund. All of the proceeds derived from the purchase agreement of the Linden city gas system negotiated between the City of Linden, the City of Linden Utilities Board, and the Alabama Gas Corporation, and any other funds lawfully granted or appropriated to the fund, shall constitute the corpus or principal amount of the fund. All monies in the trust fund corpus shall be invested by the governing body of the City of Linden only in those securities which are deemed legal investments for fiduciaries as prescribed in Section 19-3-120. (b)(1) Upon the establishment of the fund, the governing body of the City of Linden is authorized to expend only interest income for any lawful purpose, and shall not spend or obligate any principal or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46A-40.htm - 2K - Match Info - Similar pages
45-48-162
Section 45-48-162 Disposition of funds. (a) The increase in TVA in-lieu-of-taxes payments to Marshall County generated by Act 2010-135, 2010 Regular Session, to the counties served by the TVA shall be distributed as follows: (1) Twenty-five percent of the total amount to the Marshall County Board of Education, the Arab City Board of Education, the Guntersville City Board of Education, the Albertville City Board of Education, and the Boaz City Board of Education on a per pupil basis based upon the student enrollment of the respective school systems on the last day of the first monthly attendance report of each school year. If the amount paid to teachers who have achieved National Board Certification by this state is less than five thousand dollars ($5,000), these funds shall be used to pay teachers the difference in the amount paid and five thousand dollars ($5,000) each year. Any remaining funds may be used at the discretion of the board. (2) Seventy-five percent to a county...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-48-162.htm - 2K - Match Info - Similar pages
45-49A-81.08
Section 45-49A-81.08 Temporary total disability of city employee. (a) If any employee of the City of Prichard, Alabama, while in the performance of his or her duties, becomes and is found to be temporarily totally disabled, mentally or physically, for services to the City of Prichard, by reason of service therein, the City Council of the City of Prichard, Alabama, shall order the payment of and there shall be paid from the proper fund herein provided for, to such disabled member, an amount equal to 50 percent of his or her compensation at the time of the commencement of the discovery of such disability or an amount equal to 50 percent of the average compensation of such employee for the then past four calendar years, or major fraction thereof during such total disability, whichever shall be the greater, which payment shall be made monthly or semi-monthly and for a period not longer than five years; and such disability shall be arrived at upon the authority of the City Council of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-81.08.htm - 2K - Match Info - Similar pages
|