40-16-6
Section 40-16-6 Remittance and disposition of tax. (a) The remittance of the excise
tax due under this chapter shall be made to the Department of Revenue at Montgomery, Alabama,
with checks payable to the Department of Revenue. (b) The Department of Revenue shall promptly
distribute the balance of financial institution excise tax revenue, net of refunds, as of
the close of each calendar quarter, with 50 percent of the revenue distributed to the general
fund, 33.3 percent distributed to municipalities, and the remaining 16.7 percent distributed
to counties. (c) Beginning with the 2019 municipal financial institution excise tax distribution,
each municipality shall receive a percentage share of the total municipal financial institution
excise tax revenue equal to its average percentage share of the total municipal financial
institution revenue distribution over the five years ending in 2018. (d) The first 20 percent
of total county financial institution excise tax revenue shall be...
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41-10-516
Section 41-10-516 Special funds. For the purpose of providing funds for the payment
of the principal of and interest on the bonds issued by the authority under the provisions
of this article, there is hereby created and irrevocably pledged to the payment of such obligations
a special and continuing trust fund which shall consist of all receipts and income from rents
contracted for and received by the authority under leases of the facility or facilities constructed
with the proceeds from the sale of the bonds. There shall be created within said special and
continuing trust fund a reserve fund account of said authority in the State Treasury in which
shall be placed as trust fund and held separate and apart from all other moneys of the state
or of the authority, (1) any moneys left after the completion of the facility and the payment
of all costs in connection therewith and in connection with the issuance of the bonds, and,
(2) all excess rentals and other surplus income from the facility...
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12-8-4
Section 12-8-4 Reimbursement of expenses of members; payment of printing, postage, etc.,
of conference. (a) Notwithstanding any other provision of law relating to reimbursement of
traveling expenses of public officers and employees, the Chief Justice, justices, judges,
lawyer members, officials and employees attending meetings or traveling on official business
of the conference or of the Permanent Study Commission on Alabama's Judicial System, at the
direction of the Chief Justice, within or outside of the state, may be reimbursed their actual
and necessary expenses, including travel, lodging, food and other expenses, including registration
fees and membership fees. Such expenses hereby authorized shall be paid, in full or in part,
from any funds in the State Treasury appropriated to the Permanent Study Commission on Alabama's
Judicial System, the Judicial Conference, the Supreme Court of Alabama, circuit judges' travel,
supernumerary circuit judges' travel and/or to grant funds, as...
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2-15-133
Section 2-15-133 Bonds or bond equivalents; financial statements and reports; liability
for payments. (a) No license as required under Section 2-15-132 shall be issued or
renewed until the applicant therefor shall make, execute, and thereafter maintain on file
with the commissioner a bond or a bond equivalent as provided in subsection (f) in favor of
the State of Alabama or a trustee to be approved by the commissioner to secure the performance
of obligations incurred in the State of Alabama and the payment thereof to persons from whom
such dealer purchases livestock. Except as otherwise provided in this subsection, the amount
of each bond shall be not less than the next multiple of two thousand dollars ($2,000) above
the average amount of purchases of livestock purchased either as a dealer or on an agency
basis in Alabama during a period equivalent to two business days based on the total number
of business days and the total amount of such transactions during the preceding 12 months
or...
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27-17A-47
Section 27-17A-47 Establishment and management of endowment care fund. (a) Every cemetery
authority operating an endowment care cemetery shall establish an endowment care fund which
shall be placed with and held by a bank, trust company, savings and loan association, or other
financial institution authorized to provide trust services under Title 5, as amended, or under
the applicable laws of the United States or any other state, or a board of trustees, consisting
of at least three members, who shall reside in the State of Alabama, one of whom is engaged
in outside cemetery management, and each of whom shall be bonded to honestly perform the duties
of trustee under a formal trust agreement. (b) Except as specifically provided in this subsection,
commencing on July 1, 2014, a person serving on a board of trustees or cemetery authority
may not also serve as a trustee of an endowment care fund for the cemetery authority. A board
of trustees in existence on July 1, 2014, may continue to...
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32-5-313
Section 32-5-313 Disposition of funds. All moneys collected pursuant to Section
12-14-14 and Section 12-19-1, et seq., for disbursement to the State Drivers' Fund
shall be forwarded by the officer of the court who collects the same to the State Treasurer,
no less than once a month and not later than the 15th day of each month. All amounts so received
shall be credited to special funds to be designated the "Driver Education and Training
Fund," "Alabama College System Truck Driver Training Consortium Fund," the
"Catastrophic Trust Fund for Special Education," and the "Alabama Traffic Safety
Center Fund," and of the amounts so received, an amount equal to 21 percent thereof is
hereby appropriated to the State Department of Education for the sole purpose of instituting
and conducting a program of prelicensing driver education and training; an amount equal to
36 percent thereof is hereby appropriated to the state Department of Postsecondary Education
to be distributed equally to the...
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38-4-12
Section 38-4-12 Appropriation from Confederate pension funds for old age pension purposes
and for veterans' programs. (a) Except as provided in subsection (b), there is appropriated,
beginning with the fiscal year ending September 30, 1998, to the state department, for old
age pension purposes, out of the proceeds from the levy of the one mill tax for the relief
of needy Confederate soldiers and sailors and their widows, a sum not to exceed $20,773,500
annually of the surplus or residue from the tax after the payment in full of the pensions
to the widows of Confederate soldiers and sailors, other charges against the fund set out
in the laws authorizing the payment of the pensions to the widows, and annually to the Department
of Revenue, as a first charge against the proceeds of the one mill tax, funds for the annual
costs of the Department of Revenue for administering the tax. In making this appropriation,
it is declared to be the legislative policy that the Department of Human...
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40-17-359
Section 40-17-359 Distribution and use of proceeds. (a) For the purpose of this section,
the following terms shall have the meanings ascribed below: (1) BASE ANNUAL COUNTY DISTRIBUTION.
Five hundred fifty thousand dollars ($550,000). (2) COST OF COLLECTION. The amounts from the
proceeds of the highway gasoline tax that may be appropriated by the Legislature to the department
for its operating expenses. (3) COUNTY. Each county in the state. (4) FISCAL YEAR. The fiscal
year of the state. (5) DEPARTMENT OF TRANSPORTATION. The Department of Transportation of the
state. (6) HIGHWAY GASOLINE TAX. Both of the following: a. The excise tax levied under subdivision
(1) of subsection (a) of Section 40-17-325, with the exception of those portions of
the tax levied on aviation fuel and marine gasoline. b. The excise tax levied by Sections
40-17-140 to 40-17-155, inclusive, except that portion of the tax imposed on diesel fuel.
(7) LOCAL SUBDIVISIONS' SHARES OF THE NET TAX PROCEEDS. The 55 percent...
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11-56-13
Section 11-56-13 Bonds - Security for payment of principal and interest; remedies upon
default generally. (a) The principal of and the interest on the bonds shall be secured by
a pledge of the revenues out of which the bonds shall be made payable and by a pledge of the
lease agreement covering the project from which revenues so pledged shall be derived and of
the rental therefrom and may be secured by an indenture covering such project. The trustee
under any indenture may be a trust company or bank having trust powers, whether located within
or without the state. The indenture may contain any agreements and provisions customarily
contained in instruments securing evidences of indebtedness including, without limiting the
generality of the foregoing, provisions respecting the collection, segregation and application
of the rental from any project covered by such indenture, the terms to be incorporated in
the lease agreement respecting such project, the maintenance and insurance of such...
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16-65-8
Section 16-65-8 Dedicated source of revenue as security for the repayment of equipment
loans. In order to provide for the funding of an equipment loan by the authority to an educational
institution, such educational institution shall establish a dedicated source of revenue to
secure the repayment of moneys received from the authority. Such educational institution is
hereby authorized and empowered, any existing statute to the contrary notwithstanding, to
do and perform any one or more of the following: (1) To obligate itself to pay to the authority
at periodic intervals a sum sufficient to provide for the payment of debt service with respect
to the bonds of the authority issued to fund the equipment loan made to such educational institution
and to pay over such debt service to the authority for the account of such educational institution.
(2) To levy, collect, and pay over to the authority and to obligate itself to continue to
levy, collect, and pay over to the authority the proceeds...
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