16-61-6
Section 16-61-6 University foundations to maintain and invest funds; limitation on total amount
of grants received; annual report. The foundation serving a university shall have the responsibility
for the maintenance and investment of its fund and for the administration of the program at
that university. The governing board of each foundation shall be responsible for soliciting
and receiving gifts to be used as matching funds to be deposited and matched with challenge
grants from the Alabama Trust Fund for Eminent Scholars for the establishment of the endowments
for the specified university. Once an endowment is established and operating, there may be
further challenge grants to be matched for the establishment of more chairs. The total amount
of challenge grants received by a university foundation shall not exceed its equal share of
the amount appropriated to the Alabama Trust Fund for Eminent Scholars plus its equal share
of any funds unmatched by other university foundations by...
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16-61-4
Section 16-61-4 Challenge grant money; accounting methods. Such challenge grants shall be matched
by the university's foundation on a basis of $3.00 of contributions and accrued interest thereon,
received by said university's foundation for every $2.00 in challenge grant money from the
Alabama Trust Fund for Eminent Scholars. Matching funds shall come from contributions, and
accrued interest thereon, received by such university's foundation after October 1, 1985,
which are for the eminent scholars fund or from unpledged contributions, and accrued interest
thereon, received by such university's foundation. Each university's foundation shall establish
an Eminent Scholars Fund account for each grant, which shall serve as the depository for funds
received pursuant to this chapter. State matching funds in the amount of $400,000.00 shall
be transferred by the Alabama Commission on Higher Education to a university's foundation
within 90 days of notification, by such university's foundation to...
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16-61-3
Section 16-61-3 Raising funds; allocation of matching funds. The associated foundations that
serve the respective universities shall solicit and receive contributions, from sources other
than state appropriations, student fees, federal funds, research grants and any interest earned
thereon, to provide funds to match the Alabama Trust Fund for Eminent Scholars challenge grants
for the establishment of endowments for chairs within the universities. The amount appropriated
to the Alabama Trust Fund for Eminent Scholars shall be allocated by the Alabama Commission
on Higher Education to each university on the basis of one $400,000.00 grant for each $600,000.00
raised by the respective university's foundation, by contributions and accrued interest thereon,
from sources other than the state appropriations, student fees, federal funds, research grants,
and any interest earned thereon. (Acts 1985, No. 85-759, p. 1265, §3.)...
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16-61-5
Section 16-61-5 Universities entitled to match appropriated funds; basis for applying for unmatched
funds. Each public state university named in Section 16-61-1 is entitled to match an equal
share of the total moneys appropriated to the Alabama Eminent Scholars Trust Fund prior to
September 30, 1987, or for two years after any subsequent appropriation made by the Legislature.
Any funds hereby allocated to the Alabama Eminent Scholars Trust Fund, which remain unmatched
by contributions, as outlined above, on September 30, 1987, shall be available for matching
by any university foundation on the following basis: On September 30, 1987, any university
foundation which has previously received a challenge grant may apply for any remaining funds
and the Alabama Commission on Higher Education shall award matching challenge grants in equal
amounts to the applying foundations upon certification of the availability of matching funds.
The matching ratio for these grants shall be the same as...
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16-61-9
Section 16-61-9 Foundation to enter into agreement with university. The respective university
foundation receiving a challenge grant from the Alabama Trust Fund for Eminent Scholars shall
enter into a written agreement with its university to provide from the earnings from its Eminent
Scholars Trust Fund an amount not to exceed said earnings which the university may use as
specified in this chapter in Section 16-61-8(d). (Acts 1985, No. 85-759, p. 1265, §9.)...

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16-61-2
Section 16-61-2 Establishment; administration; funding. There is hereby established the Alabama
Trust Fund for Eminent Scholars to provide challenge grants to the public state universities
in Alabama named in Section 16-61-1. The trust fund shall be administered by the Alabama Commission
on Higher Education in accordance with the guidelines as set forth in this chapter. The Legislature
shall designate funds to be transferred to the trust fund from the Education Trust Fund. All
appropriated funds deposited into the trust fund shall be invested by the Alabama Commission
on Higher Education pursuant to the provisions of Section 16-13-2. Interest income accruing
to that portion of the trust fund not matched shall increase the total funds available for
challenge grants. (Acts 1985, No. 85-759, p. 1265, §2.)...
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16-61-1
Section 16-61-1 Legislative intent. The Legislature recognizes that the following public universities
in Alabama which grant baccalaureate degrees and are independently accredited by the Southern
Association of Colleges and Schools - the University of Alabama in Huntsville, the University
of Alabama in Birmingham, the University of Alabama, Auburn University, Auburn University
at Montgomery, Jacksonville State University, Troy State University, Troy State University
in Montgomery, Troy State University in Dothan, the University of North Alabama, the University
of South Alabama, Livingston University, the University of Montevallo, Alabama State University,
Athens State College, and Alabama A & M University - would be greatly strengthened by
the addition of distinguished scholars serving as resident faculty members. It further recognizes
that support from sources other than state appropriations, student fees, federal funds, research
grants, and any interest earned thereon will help...
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40-18-140
Section 40-18-140 Contribution designations. (a)(1) Each Alabama resident individual income
taxpayer desiring to contribute to any of the programs listed in subsection (b) may designate
an amount of his or her refund, rounded off in whole dollars, in an appropriate box on the
state income tax return form, to be credited to the program. (2) All future check-offs, duly
enacted by the Legislature subsequent to April 17, 2006, shall be accorded an appropriate
box on the state income tax return forms, subject to the terms and conditions prescribed herein,
without the requirement that they be added by amendment to this section. (b) Contributions
received for the following authorized charitable and nonpolitical income tax check-off recipients,
less costs of administration to the Department of Revenue not to exceed five percent, shall
be distributed and appropriated as provided herein: (1) Contributions to the Alabama Aging
Program shall be deposited with the State Treasurer into the Alabama...
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34-14A-20
Section 34-14A-20 Alabama Construction Trade Academy Fund; Alabama Construction Trade Advisory
Council; applications for funding; program guidelines. (a) The Alabama Construction Trade
Academy Fund is established in the State Treasury. The fund shall be comprised of federal,
state, and private funding through direct budgetary funding and grants for the expansion of
construction trade education. To the extent practicable, monies in the fund shall be used
to leverage other forms of funding from private sources. A percentage of matching funds, as
established by the advisory council, must come from private, non-governmental sources. The
board may not use more than 15 percent of the monies in the fund for administrative and operational
costs incurred in the implementation and administration of this section. (b) The board, in
cooperation with public and private sector partners, shall establish a program to provide
funding mechanisms for tool grants, program incentives, supplies, mobile...
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16-47-78
Section 16-47-78 Types of scholarships; disposition of funds; operation of programs. (a) The
board shall establish four types of scholarships as follows: (1) A number of loans equal to
20 percent of the number of students enrolled in the University of Alabama School of Dentistry,
based on the economic need and scholastic ability of the applicant, in an amount not to exceed
the annual tuition per annum or four times that amount over a four-year period, shall be available
to any bona fide resident of Alabama of good character who has been accepted for matriculation
by the University of Alabama School of Dentistry or any other educational institution accredited
by the Commission on Dental Accreditation of the American Dental Association. This section
shall also apply to graduate students at the discretion of the board. (2) A number of nonrefundable
merit scholarship awards equal in number to five percent of the number of students enrolled
in the University of Alabama School of Dentistry,...
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