41-6-31
Section 41-6-31 Endowment fund established; composition; expenditure; investment of fund. The
principal amount of such gift or donation shall be set aside by the State Treasurer in a special
fund designated: "Endowment Fund - Department of Archives and History," and moneys
so deposited shall constitute an endowment fund for said department. In no event shall more
than 10 percent of the amount remaining in said fund be expended in any one fiscal year. The
Director of Finance shall invest or reinvest from time to time, at his discretion and with
the approval of the Governor, all or any part or portion of said fund in such bonds as are
authorized by the laws of Alabama governing investments in bonds by domestic life insurance
companies, and the interest thereon shall be paid to said department by the State Treasurer
upon a requisition signed by the director of said department and approved by the Governor.
(Acts 1943, No. 454, p. 416, §2.)...
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20-2-212
Section 20-2-212 Controlled substances prescription database program; powers and duties of
department; trust fund; advisory committee; review committee. (a) The department may establish,
create, and maintain a controlled substances prescription database program. In order to carry
out its responsibilities under this article, the department is granted the following powers
and authority: (1) To adopt regulations, in accordance with the Alabama Administrative Procedure
Act, governing the establishment and operation of a controlled substances prescription database
program. (2) To receive and to expend for the purposes stated in this article funds in the
form of grants, donations, federal matching funds, interagency transfers, and appropriated
funds designated for the development, implementation, operation, and maintenance of the controlled
substances prescription database. The funds received pursuant to this subdivision shall be
deposited in a new fund that is established as a separate...
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31-5A-7
Section 31-5A-7 State Veterans' Home Trust Fund; deposits; expenditures. There is hereby created
in the State Treasury a trust fund for the Alabama Department of Veterans' Affairs, to be
known as the Alabama Veterans' Home Trust Fund. The trust fund shall consist of all funds
and monies received by the State Board of Veterans' Affairs and/or the Alabama Department
of Veterans' Affairs from the United States, any federal agency or institution, gifts, contributions,
bequests, any individual reimbursements, and any other source, for the care or support of
veterans, discharged other than under dishonorable conditions, who have been admitted and
cared for at an Alabama Department of Veterans' Affairs state veterans' home. Nothing contained
herein prohibits the establishment and utilization of special agency accounts by the Department
of Veterans' Affairs and its constituent institutions, as may be approved by the State Board
of Veterans' Affairs, for receipt and disbursement of the personal...
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33-2-188
Section 33-2-188 Docks facilities revenue bonds and refunding bonds - Disposition of proceeds
of refunding bonds. The proceeds of refunding bonds shall be applied, together with any other
moneys legally available therefor to the payment of the expenses authorized by this article
and to the payment of the principal of, premium, if any, and interest due and to become due
on any outstanding bonds to be refunded thereby and, if so required by order of the director,
shall be deposited by the department, with one or more trustees or escrow agents, which trustees
or escrow agents shall be trust companies or national or state banks, located either within
or without the state, having powers of a trust company, in an interest account to pay interest
on refunding bonds, and in a reserve account to further secure the payment of the principal
of, premium, if any, and interest on any refunding bonds. Proceeds of refunding bonds may
also be applied to repay the department's lease obligations with...
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41-10-550
Section 41-10-550 Appropriation and pledge of funds for authority obligations. (a) For the
purpose of providing funds to enable the authority to pay debt service referable to any bonds
issued by it, amounts due on any authority guaranties entered into by it under this division
and other obligations incurred by the authority pursuant to this division, and to pay the
costs of acquiring, operating, and maintaining any project or other property the authority
may own, acquire, or operate and to pay any other costs, expenses, or obligations of the authority,
there is irrevocably pledged to such purpose and is appropriated to the authority so much
as may be necessary therefor of the appropriated funds. All moneys hereby appropriated and
pledged shall be deposited in a special fund maintained by the State Treasurer separate and
apart from all other funds under his or her supervision, and the State Treasurer is hereby
directed to cause moneys in the special fund to be disbursed solely for the...
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22-35-4
Section 22-35-4 Alabama Underground and Aboveground Storage Tank Trust Fund. There is hereby
created the Alabama Underground and Aboveground Storage Tank Trust Fund, hereinafter referred
to as the "fund," to be administered by the Secretary-Treasurer of the Retirement
Systems of Alabama. The fund shall be used by the department as a revolving fund for carrying
out the purposes of this chapter. The fund is not an insurance company and the laws relating
to the conduct of business in this state by an insurance company do not apply to the fund.
A decision that underground or aboveground storage tanks are ineligible for benefits under
the fund does not expose the fund, the director, department, or commission to a claim of bad
faith as such terms are used in general insurance law. Further, in no event shall combined
claims against the fund for payment of response actions and third-party claims exceed the
per occurrence indemnification limit set by the commission. Under no circumstances shall...

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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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14-12-2
Section 14-12-2 Determination of professional units and operating expenses to be provided,
qualifications and salaries of teachers and minimum number of hours of weekly student attendance.
(a) A formula for the determination of professional units and other operating expenses, based
upon eligible students, shall be developed by the State Department of Education. An eligible
student under this subsection shall be a person who has not graduated from an accredited high
school and who is able to benefit from the instructional programs offered. The total number
of professional units provided shall be the sum total of units necessary for classroom teachers,
vocational teachers, librarians, teachers of exceptional students, supervisors, counselors,
principals and a director. Any funds provided for such units where such units are not employed
shall revert to the Alabama Special Educational Trust Fund. (b) The qualifications of teachers
shall be determined by the State Department of Education...
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41-23-196
Section 41-23-196 Advisory committee - Functions. The advisory committee shall do all of the
following: (1) Review and advise department staff on all policies and procedures for administration
of the trust fund including, but not limited to: a. Development of a process for making awards
from the trust fund. b. Development of policies and rules for operating the trust fund including
priorities for making awards and criteria for evaluating applications, and delineation of
all compliance and reporting responsibility of fund recipients. (2) Review and advise department
staff on the collection and presentation of data on the use and impact of the trust fund and
the preparation of an annual performance report to be submitted to the Legislature, the Governor,
and the public. (3) Pursue additional sources of revenue beyond appropriations from the state.
(4) Ensure that the dedicated resources alleviate the public transportation and connectivity
needs of Alabamians by targeting hard-to-serve,...
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11-92A-23
Section 11-92A-23 Special reserve funds and applications for appropriations. (a) In addition
to all other powers at any time conferred upon an authority by law, an authority may, in connection
with the issuance of any bonds hereunder, create and establish one or more special debt service
reserve funds (a "debt service reserve fund"), and may pay or cause to be paid into
each debt service reserve fund (i) proceeds from bonds issued pursuant hereto to the extent
provided by the authority authorizing the issuance thereof; (ii) any moneys appropriated and
made available by the Legislature for the purpose of such fund; and (iii) any other moneys
that may be made available to the authority from any other source for the purpose of such
fund. All moneys held in a debt service reserve fund shall be used solely for the payment
of the principal of, premium, if any, and interest on bonds secured, in whole or in part,
by that fund when and as the same become due and payable as provided in the...
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