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27-17A-42
Section 27-17A-42 Trust contributions; trustee responsibilities; withdrawals; analysis and
certification by seller. (a) The obligation of the seller under a preneed contract shall be
to make contributions into the Cemetery Merchandise and Services Trust Fund in accordance
with the following formulae: (1) With respect to all cemetery merchandise, 110 percent of
wholesale cost. (2) With respect to outer burial containers, 60 percent of the purchase price
specified in the preneed contract. (3) With respect to cemetery services, 60 percent of the
purchase price specified in the preneed contract. (4) With respect to all cash advance items
sold, 100 percent of the purchase price specified for the same in the preneed contract. (5)
With respect to caskets, 75 percent of the purchase price. (b) All contributions shall be
made within 30 days after the end of the calendar month in which the preneed contract is paid
in full, unless, prior to that time, all liabilities of the seller under the...
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36-1-4.5
Section 36-1-4.5 Payroll deduction for the Foster Care Trust Fund. (a) The payroll clerk or
other responsible person in charge of the payroll system, may deduct from the salary or wages
of any state officer or employee, an amount specified by the officer or employee for payment
to the Foster Care Trust Fund established by Sections 38-10-50 and 38-10-51. The payroll deduction
shall be made if the request for the deduction is made in writing, the deduction shall continue
in effect unless a new written request is filed according to the requirement of this section,
and the pay period during which the deduction is made, the frequency, and the amount of the
deduction are compatible with the payroll system. (b) Moneys deducted pursuant to this section
shall be paid monthly to the Alabama Department of Human Resources to be deposited in a separate
account specifically for donations for the Foster Care Trust Fund. The deduction may be made
notwithstanding that the compensation actually paid to...
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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,...
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41-10-277
Section 41-10-277 Refunding bonds. Any bonds issued by the authority may from time to time
thereafter be refunded by the issuance of refunding bonds of the authority. Any such refunding
bonds may be issued regardless of whether the bonds to be refunded shall have then matured
or shall thereafter mature, and such refunding may be effected either by sale of the refunding
bonds and the application of the proceeds thereof to the payment or redemption of the bonds
so refunded or by exchange of the refunding bonds for those to be refunded thereby; provided,
that the holders of any bonds so to be refunded shall not be compelled without their consent
to surrender their bonds for payment or exchange prior to the date on which they are payable
or, if they are called for redemption, prior to the date on which they may be redeemed by
the authority according to their terms. Any refunding bonds of the authority shall be payable
solely from and secured by the revenues out of which the bonds to be...
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8-6-91
Section 8-6-91 Definitions. In this article, unless the context otherwise requires, the following
terms shall have the meanings ascribed to them by this section: (1) BANK. A bank, trust company,
national banking association, savings bank, or industrial bank. (2) BROKER. A person, including
a bank, lawfully engaged in the business of effecting transactions in securities for the account
of others and includes a broker lawfully engaged in buying and selling securities for his
own account. (3) ISSUER. A person who places, or authorizes the placing of, his name on a
security other than as a transfer agent to evidence that it represents a share, participation,
or other interest in his property or in an enterprise or to evidence his duty to perform an
obligation evidenced by the security or who becomes responsible for or in place of any such
person. (4) PERSON. Such term includes a corporation, government or governmental subdivision
or agency, business trust, estate, trust, partnership or...
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19-3C-2
Section 19-3C-2 Definitions. In this chapter: (1) CHARITABLE PURPOSE means the relief of poverty,
the advancement of education or religion, the promotion of health, governmental or municipal
purposes, or other purposes the achievement of which is beneficial to the community. (2) ENDOWMENT
FUND means an institutional fund or part thereof that, under the terms of a gift instrument,
is not wholly expendable by the institution on a current basis. The term does not include
assets that an institution designates as an endowment fund for its own use. (3) GIFT INSTRUMENT
means a record or records, including an institutional solicitation, under which property is
granted to, transferred to, or held by an institution as an institutional fund. (4) INSTITUTION
means: (A) a person, other than an individual, organized and operated exclusively for charitable
purposes; (B) a government or governmental subdivision, agency, or instrumentality, to the
extent that it holds funds exclusively for a charitable...
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2-6-124
Section 2-6-124 Investments. The state and all public officers, municipal corporations, political
subdivisions and public bodies, all banks, bankers, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations, investment companies, and other
persons carrying on a banking business, all insurance companies, insurance associations and
other persons carrying on an insurance business and all executors, administrators, guardians,
trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds
belonging to them or within their control in any bonds of the corporation, and the bonds shall
be authorized security for all public deposits, it being the purpose of this article to authorize
any persons, firms, corporations, associations, political subdivisions, bodies and officers,
public or private, to use any funds owned or controlled by them, including, but not limited
to, sinking, insurance, investment, retirement,...
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41-10-467
Section 41-10-467 Bonds may be used to secure deposit and for investment of fiduciary funds.
The state and all public officers, municipal corporations, political subdivisions, and public
bodies, all banks, bankers, trust companies, savings banks and institutions, building and
loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees
and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging
to them or within their control in any bonds of the authority, and such bonds shall be authorized
security for all public deposits, it being the purpose of this article to authorize any persons,
firms, corporations, associations, political subdivisions, bodies, and officers, public or
private, to use any funds owned or controlled by them, including,...
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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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16-3-28
Section 16-3-28 Authority of board and trustees of institutions to borrow from federal agencies
or others; issuance of bonds, notes and other securities. (a) The State Board of Education,
acting for the respective educational institutions under its supervision, and each public
corporation that conducts one or more state educational institutions under its supervision,
acting through its board of trustees or other governing body, are hereby separately authorized
to exercise and perform any or all of the following powers: (1) To borrow money from the United
States of America or any department or agency thereof, or from any person, firm, corporation
or other lending agency for the purchase, construction, enlargement or alteration of any buildings
or other improvements, including dormitories, dining halls, classrooms, laboratories, libraries,
stadiums, administration buildings and any other buildings and appurtenances thereto suitable
for use by the institution with respect to which the...
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