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19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred
by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject
additions to the trust property from a settlor or any other person, including, but not being
limited to, the authority to receive, collect, hold, and retain common or preferred stock
or other interests in the trustee or any related party; (2) acquire or sell property, for
cash or on credit, at public or private sale; (3) exchange, partition, or otherwise change
the character of trust property; (4) deposit trust money in an account in a regulated financial-service
institution; (5) borrow money, with or without security, and mortgage or pledge trust property
for a period within or extending beyond the duration of the trust; (6) with respect to an
interest in a proprietorship, partnership, limited liability company, business trust, corporation,
or other form of business or enterprise, continue the business or other...
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38-9B-2
Section 38-9B-2 Definitions. THIS SECTION WAS AMENDED BY ACT 2018-422 IN THE
2018 REGULAR SESSION, EFFECTIVE JANUARY 31, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
As used in this chapter, the following words shall have the following meanings: (1) ALABAMA
FAMILY CHARITABLE TRUST (AFT CHARITABLE TRUST). The trust established by the board of trustees
that qualifies as a tax exempt charitable entity under the United States Internal Revenue
Code, to provide benefits for any individual who does not have a sufficient amount in his
or her AFT Trust to meet the individual's needs. (2) ALABAMA FAMILY TRUST (AFT TRUST). The
Alabama Family Trust established pursuant to this chapter. (3) ALABAMA FAMILY TRUST CORPORATION
(AFT CORPORATION). An Alabama not-for-profit corporation established by the board of trustees
pursuant to this chapter that qualifies as a tax exempt charitable organization under the
United States Internal Revenue Code. (4) BOARD OF TRUSTEES. The Alabama Family Trust Board...
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36-29-50
Section 36-29-50 High deductible health plan with a federally qualified health savings
account. (a) As used in this section, the following words shall have the following
meanings: (1) HEALTH SAVINGS ACCOUNT or HSA. A savings or other account meeting the requirements
for favorable tax treatment under 26 U.S.C. §223, as amended. (2) HIGH DEDUCTIBLE HEALTH
PLAN or HDHP. That term as defined in 26 U.S.C. §223(c)(2), as amended, and any regulations
promulgated thereunder. (3) PARTICIPANT. An eligible active or retired state employee and
his or her dependents as determined by the State Employees' Insurance Board. (b) The State
Employees' Insurance Board may offer a high deductible health plan with a federally qualified
health savings account (HDHP-HSA) to eligible active and retired state employees and their
dependents. A retired state employee eligible for or entitled to Medicare benefits under Title
XVIII of the federal Social Security Act is not eligible to participate in the HDHP-HSA....
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36-36-6
Section 36-36-6 Sources of funding; use of assets; distributions; modification and termination
of trusts; taxation; financial statement. (a) The sources of funding to the Alabama Retired
State Employees' Health Care Trust may be: (1) appropriations made by the Legislature; (2)
contributions by employees and retired employees; (3) employer contributions; (4) investment
income; (5) proceeds of any gifts, grants, or contributions; (6) transfers from the State
Employees' Insurance Fund; and (7) all other sources permitted by law. (b) The sources of
funding to the Alabama Retired Education Employees' Health Care Trust may be: (1) appropriations
made by the Legislature; (2) contributions by employees and retired employees; (3) employer
contributions; (4) investment income; (5) proceeds of any gifts, grants, or contributions;
(6) transfers from the Public Education Employees' Health Insurance Fund; and (7) all other
sources permitted by law. (c) The agreements creating the trusts shall be...
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37-1-80.2
Section 37-1-80.2 Dual party relay system and fund; board of trustees; funding of other
services; liability of trustees. (a) The Alabama Public Service Commission shall impose a
surcharge on each access line of each customer of the local exchange companies operating in
Alabama to fund a dual party relay system whereby a deaf or hearing-impaired person may communicate
with other such persons or with hearing persons via telephone. The fee may be imposed by order
of the Alabama Public Service Commission on the access line. (b) The Alabama Public Service
Commission shall establish the amount to be imposed based on the amount of funding necessary
to implement and maintain such system. However, no additional fees other than the surcharge
may be imposed on any user of this deaf and hearing-impaired service. (c) The local exchange
companies shall collect the surcharge from their customers and transfer the moneys collected
to the Alabama Public Service Commission to be deposited into a special...
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40-18-24.2
Section 40-18-24.2 Taxation of pass-through entities. (a) For purposes of this section
and Section 40-18-24.3, the following terms shall have the following meanings: (1)
MEMBER. An individual, estate, trust or business trust as defined in Section 40-18-1,
a corporation as defined in Section 40-18-1, or Subchapter K entity as defined in Section
40-18-1, that is a partner in a general, limited, limited liability, or limited liability
limited partnership, or a member of a limited liability company. (2) NONRESIDENT. a. An individual
who is not a resident of or domiciled in this state during the applicable tax year. b. A nonresident
trust as defined in Section 40-18-1. c. A nonresident estate as defined in Section
40-18-1. d. A foreign corporation as defined in Section 40-18-1, not commercially domiciled
in this state during the applicable tax year. e. A Subchapter K entity or business trust that
is created or organized under the laws of a jurisdiction other than this state and that is
not...
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16-22-13.7
Section 16-22-13.7 Fiscal year 2016-2017 adjustments. (a) PAY INCREASES, FY 2016-2017.
The State Budget Officer shall allocate to the State Board of Education, the Board of Trustees
of the Alabama Institute for Deaf and Blind, the Board of Youth Services School District,
the Board of Directors of the Alabama School of Fine Arts, and the Board of Trustees of the
Alabama School of Mathematics and Science and for disbursement to the employees thereof funds
based on the criteria established in this section. It is not the intent of this section
to make appropriations, but the appropriations required by this section shall be made
in the annual Education Trust Fund budget act for the designated fiscal year. (1) CERTIFICATED
PERSONNEL EARNING LESS THAN $75,000 (K-12). For the fiscal year beginning October 1, 2016,
and each year thereafter, each certificated employee at all city and county school systems
and the teachers at the Department of Youth Services School District earning less than...
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16-22-13.8
Section 16-22-13.8 Fiscal year 2018-2019 adjustments. (a) PAY INCREASES, FY 2018-2019.
The State Budget Officer shall allocate to the State Board of Education, the Board of Trustees
of the Alabama Institute for Deaf and Blind, the Board of Youth Services School District,
the Board of Directors of the Alabama School of Fine Arts, and the Board of Trustees of the
Alabama School of Mathematics and Science and for disbursement to the employees thereof funds
based on the criteria established in this section. It is not the intent of this section
to make appropriations, but the appropriations required by this section shall be made
in the annual Education Trust Fund budget act for the designated fiscal year. (1) Certificated
Personnel (K-12). For the fiscal year beginning October 1, 2018, and each year thereafter,
each certificated employee at all city and county school systems and the teachers at the Department
of Youth Services School District shall receive a two and one-half percent salary...
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16-22-13.9
Section 16-22-13.9 Fiscal year 2019-2020 adjustments. (a) PAY INCREASES, FY 2019-2020.
(a) The State Budget Officer shall allocate to the State Board of Education, the Board of
Trustees of the Alabama Institute for Deaf and Blind, the Board of Youth Services School District,
the Board of Directors of the Alabama School of Fine Arts, and the Board of Trustees of the
Alabama School of Mathematics and Science and for disbursement to the employees thereof funds
based on the criteria established in this section. It is not the intent of this section
to make appropriations, but the appropriations required by this section shall be made
in the annual Education Trust Fund budget act for the designated fiscal year. (1) Certificated
Personnel (K-12). For the fiscal year beginning October 1, 2019, and each year thereafter,
each certificated employee at all city and county school systems and the teachers at the Department
of Youth Services School District shall receive a four percent salary...
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27-31B-6
Section 27-31B-6 Minimum capital and surplus. (a) No captive insurance company shall
be issued a license unless it shall possess and thereafter maintain unimpaired paid-in capital
and surplus as follows: (1) In the case of a pure captive insurance company, not less than
two hundred fifty thousand dollars ($250,000) or such other amount determined by the commissioner
and actuarially supported by a feasibility study. (2) In the case of an association captive
insurance company or risk retention group, not less than five hundred thousand dollars ($500,000)
or such other amount determined by the commissioner and actuarially supported by a feasibility
study. (3) In the case of an industrial insured captive insurance company, not less than five
hundred thousand dollars ($500,000). (4) In the case of a protected cell captive insurance
company, not less than two hundred fifty thousand dollars ($250,000) or such other amount
determined by the commissioner and actuarially supported by a...
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