|
16-47-126.1
Section 16-47-126.1 Award contracts in force prior to February 14, 1994 may continue; option
available to re-contract under new provisions; additional board powers. Individuals who have
entered into contracts with the Board of Medical Scholarship Awards prior to February 14,
1994 shall be entitled to continue to receive the loans or merit scholarship, or both, in
the amounts specified in the contract. Repayment shall be in accordance with the terms of
the contract. These individuals shall have the option to terminate an existing contract and
enter into a new contract under the provisions of this division. The board shall prescribe
in regulations the repayment obligations of any individual who receives loans in less than
the full amount authorized by the board or who terminates an existing contract and enters
into new contracts under this division. The board may, in its discretion, excuse repayment
of a loan, in whole or in part, based upon the disability or other extreme hardship not...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-47-126.1.htm - 1K - Match Info - Similar pages
16-47-127
Section 16-47-127 Agreement by recipients to practice in certain areas; immediate liability
upon default; penalty provisions; proceedings for recovery of amount due; death, disability
may excuse repayment. (a) Each recipient of a loan under this division shall enter into an
agreement with the Board of Medical Scholarship Awards whereby the recipient agrees to practice
in an area as defined in Section 16-47-126. In the event of a default or other breach of contract
by the recipient of loans provided under this division, or other termination of contract prior
to the completion of the period of medical education and training, the individual shall be
liable for immediate repayment of the total principal loan amount plus interest at the rate
of eight percent accruing from the date of default or termination and an additional penalty
as specified: (1) For default or termination of a loan for one scholastic year, a penalty
equal to 20 percent of the total principal amount of the loan. (2) For...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-47-127.htm - 3K - Match Info - Similar pages
16-47-79
Section 16-47-79 Repayment of loans. (a) Scholarships extended under subdivisions (1) and (3)
of subsection (a) of Section 16-47-78 shall be repaid following graduation either in cash
as is provided under subsection (b) or under the terms of a contract to serve in a needy area
in Alabama for a term to be specified by the board as provided in subsection (c). Any moneys
received from recipients in repayment of a scholarship loan under subsections (b) and (c)
shall upon receipt thereof be retained by the Board of Scholarship Awards to be used for funding
of future scholarships. The board shall establish a separate fund for these purposes. (b)
Scholarship loans to be repaid under this subsection shall be repaid to the Board of Dental
Scholarship Awards in full at an interest rate of six percent per annum from the date of graduation
from dental school. Payments are to be made annually, the first of which is due one year after
the recipient enters the practice of dentistry or one year after...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-47-79.htm - 5K - Match Info - Similar pages
16-47-80
Section 16-47-80 Contractual agreement of recipients; penalties for breach. (a) Each recipient
of a scholarship loan under the provisions of this article shall enter into a contract with
the Board of Dental Scholarship Awards whereby he or she agrees to repay the scholarship loan
in a manner prescribed by the board not inconsistent with any provision of this article. Breach
of contract by the recipient shall make him or her immediately liable for the unpaid balance
of the loan and shall constitute a ground for the revocation of his or her certificate or
license to practice dentistry in the State of Alabama. In the event of death or total and
permanent disability of the recipient to engage in the practice of dentistry, repayment of
the loan may be excused by the board. The Attorney General of Alabama, upon request of the
Board of Dental Scholarship Awards, shall institute proceedings in the name of the state for
the purpose of recovering any amount due the state under the provisions of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-47-80.htm - 3K - Match Info - Similar pages
34-22-64
Section 34-22-64 Contractual agreement of recipients; penalties for breach; institution of
legal proceedings. Each recipient of a scholarship loan under the provisions of this article
shall enter into a contract with the Board of Optometric Scholarship Awards whereby he/she
agrees to repay the scholarship loan in a manner prescribed by the board not inconsistent
with any provisions of this article. Breach of contract by the recipient shall make him/her
immediately liable for the unpaid balance of the loan and shall constitute a ground for the
revocation of his/her certificate or license to practice optometry in the State of Alabama.
In the event of death or total and permanent disability of the recipient to engage in the
practice of optometry, repayment of the loan may be excused by the board. The Attorney General
of Alabama, upon request of the Board of Optometric Scholarship Awards, shall institute proceedings
in the name of the state for the purpose of recovering any amount due the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-22-64.htm - 1K - Match Info - Similar pages
34-21-98
Section 34-21-98 Provisions for default or other failure to honor a contract with the board.
(a) In the event that the participant defaults on or otherwise fails to honor a loan-repayment
contract with the board for any reason, the individual shall be liable for immediate repayment
of the total principal loan amount plus interest at the rate of eight percent, or the prime
lending rate, whichever is greater, accruing from the date of default or other failure to
honor the contract. In addition, the participant shall pay an additional penalty as specified:
(1) For default or other failure to honor a contract under which a year's worth of loans have
been received, a penalty equal to 20 percent of the total principal amount of the loan. (2)
For default or other failure to honor a contract under which two years' worth of loans have
been received, a penalty equal to 30 percent of the total principal amount of the loan. (3)
For default or other failure to honor a contract under which three or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-21-98.htm - 2K - Match Info - Similar pages
34-22-63
Section 34-22-63 Repayment of loans; service contracts. (a) Scholarships extended under subdivision
(1) of Section 34-22-62 shall be repaid following graduation, either in cash as is provided
under subsection (b) or under terms of a contract to serve in a needy area in Alabama for
a term to be specified by the board as provided in subsection (c). Any moneys received from
recipients in repayment of a scholarship loan under subsections (b) and (c) shall upon receipt
thereof be retained by the Board of Optometric Scholarship Awards to be used for the funding
of future scholarships. The board shall establish a separate fund for these purposes. (b)
Scholarship loans to be repaid under this subsection shall be repaid to the Board of Optometric
Scholarship Awards in full at an interest rate determined by the board from the date of graduation
from the optometry school, and payments are to be made annually, the first of which is due
one year after the recipient enters the practice of optometry...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-22-63.htm - 3K - Match Info - Similar pages
16-23-24
Section 16-23-24 Teacher Education Scholarship Loan Program established; use; subsequent obligations;
funding; rule-making authority; provisions for current scholarship recipients. (a) Effective
October 1, 1993, there is established a Teacher Education Scholarship Loan Program (hereinafter
referred to as "the program") to provide for the education of certified, employed
public school teachers to be trained in the use of integrating technology skills in the curriculum.
First priority shall be given to those certified public school teachers in the fields of English,
science, mathematics, and social science and history and those who teach pupils in kindergarten
to grade six, inclusive. Twenty-five percent of the funds available through this program shall
be targeted for minority teachers. When moneys are available for scholarship loans for teachers
above and beyond the first priority group, the State Board of Education shall designate other
critical needs areas for scholarship loans. (b)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-23-24.htm - 3K - Match Info - Similar pages
27-44-8
Section 27-44-8 Powers and duties of association. (a) If a member insurer is an impaired insurer,
the association may, in its discretion and subject to any conditions imposed by the association
that do not impair the contractual obligations of the impaired insurer, and that are approved
by the commissioner: (1) Guarantee or reinsure, or cause to be guaranteed, assumed, or reinsured,
any or all of the covered policies of the impaired insurers. (2) Provide such moneys, pledges,
notes, guarantees, or other means as are proper to effectuate subdivision (1), and assure
payment of the contractual obligations of the impaired insurer pending action under subdivision
(1). (b) If a member insurer is an insolvent insurer, the association shall, in its discretion
and subject to the approval of the commissioner, do either of the following: (1)a. Guarantee,
assume, or reinsure, or cause to be guaranteed, assumed, or reinsured, the covered policies
of the insolvent insurer. b. Assure payment of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-44-8.htm - 24K - Match Info - Similar pages
11-51-90.1
Section 11-51-90.1 Definitions. As used in this article, the following terms shall have the
following meanings: (1) BUSINESS. Any commercial or industrial activity or any enterprise,
trade, profession, occupation, or livelihood, including the lease or rental of residential
or nonresidential real estate, whether or not carried on for gain or profit, and whether or
not engaged in as a principal or as an independent contractor, which is engaged in, or caused
to be engaged in, within a municipality. (2) BUSINESS LICENSE. An annual license issued by
a taxing jurisdiction for the privilege of doing any kind of business, trade, profession,
or any other activity in that jurisdiction, by whatever name called, which document is required
to be conspicuously posted or displayed except to the extent the taxpayer's business license
tax or other financial information is listed thereon or unless the municipality affirmatively
elects not to so require. However, municipal occupational licenses,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-51-90.1.htm - 6K - Match Info - Similar pages
|