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25-5-316
Section 25-5-316 Workers' Compensation Administrative Trust Fund; creation; management;
trustee and custodian; assessments; penalties. (a) There is established in the State Treasury
a fund entitled the Workers' Compensation Administrative Trust Fund, into which shall be deposited
certain assessments provided under Chapter 5 (commencing with Section 25-5-1) of Title
25 collected by the Department of Labor. The fund shall constitute a separate fund to be disbursed
by the state Comptroller on order of the Secretary of the Department of Labor. All expenses
incurred by the department under the Workers' Compensation Law, including the salaries of
all employees, travel cost, and any other cost of administration and enforcement as may become
necessary, either within or without the state, shall be paid from the separate fund in the
State Treasury upon warrants of the state Comptroller drawn upon the State Treasury from time
to time when vouchers therefor are approved by the secretary. The State...
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10A-20-6.13
Section 10A-20-6.13 Deposit of securities with State Treasurer. Every health care service
corporation shall deposit with, and thereafter maintain on deposit with, the Treasurer of
the State of Alabama bonds of the United States government or of the State of Alabama, or
of any subdivision thereof, or first mortgages on real estate situated in Alabama securing
an indebtedness not in excess of 50 percent of the appraised value thereof, subject to the
approval of the Commissioner of Insurance, in an amount to be determined as of the first day
of January of each year as follows: (1) Every company whose gross annual premium receipts
from business done within this state for the preceding year ending December 31 are less than
fifty thousand dollars ($50,000) shall so deposit and maintain securities of par and market
value not less than five thousand dollars ($5,000); (2) Every company whose gross annual premium
receipts so computed are in excess of fifty thousand dollars ($50,000) and less...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-6.13.htm - 2K - Match Info - Similar pages
27-43-9
Section 27-43-9 Bond or deposit requirements. (a) To assure the faithful performance
of its obligations in the event of insolvency, each corporation authorized under Section
27-43-8 shall, through the commissioner, deposit and maintain with the Treasurer of the State
securities of the type eligible for deposit by insurers under Section 27-6-3, which
securities shall have at all times a market value as follows: (1) An insurer which has transacted
no legal expense insurance in this state prior to January 1, 1982, shall, prior to the issuance
of its certificate of authority and before receiving any premiums, place in trust with the
Treasurer of the State, through the commissioner an initial amount of $50,000.00; (2) An insurer
transacting a legal expense insurance business in this state prior to January 1, 1982, and
having in force in this state less than $300,000.00 of gross written premiums, membership
fees, or similar charges shall place in trust with the Treasurer of the State,...
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36-28-8
Section 36-28-8 Contribution Fund. (a) There is hereby established a special fund to
be known as the Contribution Fund. Such fund shall consist of and there shall be deposited
in such fund: (1) All contributions, interest and penalties collected under Sections 36-28-5
and 36-28-7; (2) All moneys appropriated thereto under this chapter; (3) Any property or securities
and earnings thereof acquired through the use of moneys belonging to the fund; (4) Interest
earned upon any moneys in the fund; and (5) All sums recovered upon the bond of the custodian
or otherwise for losses sustained by the fund and all other moneys received for the fund from
any other source. All moneys in the fund shall be mingled and undivided. Subject to the provisions
of this chapter, the state Comptroller is vested with full power, authority and jurisdiction
over the fund, including all moneys and property or securities belonging thereto, and may
perform any and all acts whether or not specifically designated,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-28-8.htm - 5K - Match Info - Similar pages
9-17-104
Section 9-17-104 Appointment, compensation and bond of administrator; administrator
and inspectors constituted peace officers; Liquefied Petroleum Gas Board Fund; excess balances
to be transferred to fund. (a) The board shall appoint, prescribe the duties of, and fix the
compensation of an administrator. The board may dismiss an administrator at its discretion.
The board shall adopt a seal, which shall be in the care and custody of the administrator.
The board, subject to the Merit System, may employ and prescribe the duties of assistants
and inspectors necessary to carry out this article. The board, without regard to the Merit
System Act, may engage and employ consultants and technical advisors considered necessary
in carrying out its responsibilities. (b) The administrator and inspectors are constituted
peace officers of the State of Alabama and are clothed with the powers of peace officers and
deputy sheriffs, and may exercise such powers anywhere within the state. They may issue a...
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45-37-241.20
Section 45-37-241.20 Appeals from decisions of the Board of Equalization. (a) For the
purpose of convenience and brevity this act shall be known and referred to as the Expeditious
and Economical Tax Appeals Act. (b) This section shall apply only in Jefferson County.
This section is alternative to and cumulative to Section 40-3-25; but when a
taxpayer elects to take an appeal under this section from a decision or ruling of the
board of equalization fixing the market value of the real property, Section 40-3-25
shall not be applicable to such appeal but in the event the taxpayer pays his or her taxes
before a final decree in the case and is entitled to a refund then that portion of the section
providing for a refund to the taxpayer shall be applicable or in the event of an increase
the increase shall be payable as provided in the sections. (c) An appeal may be taken under
this section from a decision of the board of equalization fixing the market value of
real property, to the circuit...
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9-21-6
Section 9-21-6 Aquatic Plant Management Fund. (a) The Aquatic Plant Management Fund
is established. The fund shall be a non-reverting fund administered by the board and shall
consist of all monies received by the board pursuant to this chapter. (b) Money received from
any state fund, federal funds, or money received from any other lawful source, including but
not limited to gifts, grants, donations, securities, fees, assessments, settlements, or other
assets, public or private, may be deposited in the fund. (c) Subject to subsection (d), money
deposited into the fund must be used to accomplish the purposes of this chapter. Once deposited,
monies in the fund may not be transferred to any other fund except for the lawful purpose
provided for in this chapter. (d) Any contribution deposited into the fund and earmarked for
a particular purpose must be used exclusively for that purpose. (e) Any interest and earnings
from the fund shall be retained by the fund and expended for activities and...
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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...
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8-6-140
Section 8-6-140 Definitions. For the purposes of this article, the following words have
the following meanings unless the context otherwise requires: (1) BENEFICIARY FORM. A registration
of a security which indicates the present owner of the security and the intention of the owner
regarding the person who will become the owner of the security upon the death of the owner.
(2) DEVISEE. Any person designated in a will to receive a disposition of real or personal
property. (3) HEIRS. Those persons, including the surviving spouse, who are entitled under
the statutes of intestate succession to the property of a decedent. (4) PERSON. An individual,
a corporation, an organization, or other legal entity. (5) PERSONAL REPRESENTATIVE. Includes
executor, administrator, successor personal representative, special administrator, and persons
who perform substantially the same function under the law governing their status. (6) PROPERTY.
Includes both real and personal property or any interest therein...
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45-8A-22.109
Section 45-8A-22.109 Contributions to the trust. (a) The secretary-treasurer shall receive
contributions to the trust that shall consist of the following: (1) All of the money, securities,
things of value, and assets belonging to any similar fund now being maintained by the City
of Anniston. (2) All money or properties that may be given or donated by any person, firm,
association, or corporation for the uses and purposes for which the trust is created, and
the retirement board may take by gift, grant, devise, or bequest, any money, personal property
or real estate, or any interest therein or any right of property for the benefit of the trust.
(3) Participant Contributions. a. Employee Contributions. Effective prior to October 1, 2002,
10 percent of each participant's monthly compensation, including overtime and any other pay,
which shall be deducted from such compensation and paid to the secretary-treasurer on or before
the tenth day each month next succeeding the month in which such...
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