|
24-10-5
Section 24-10-5 Duties of Department of Economic and Community Affairs. (a) The Alabama Housing
Trust Fund shall be maintained and administered by ADECA. ADECA is authorized and directed
to do all the following: (1) Invest and reinvest all money held in the trust fund in investments
under ADECA's investment policies, pending its use for the purposes described in Section 24-10-6.
(2) Keep books and records relating to the investment, interest earnings, and uses of monies
deposited into the trust fund. (3) Establish procedures for the withdrawal, allocation, and
use of the monies held in the trust fund for the purposes described in Section 24-10-6. (4)
Publish, on an annual basis, criteria for determining the distribution of funds. (5) Conduct
an annual independent audit of the trust fund. (6) Prepare, in collaboration with the advisory
committee, an annual performance report, which shall be provided to the Governor, Speaker
of the House of Representatives, and the President Pro Tempore...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-10-5.htm - 2K - Match Info - Similar pages
41-23-193
Section 41-23-193 Creations; functions; fee. (a) The Alabama Public Transportation Trust Fund
is created in the State Treasury for the distribution of designated funds appropriated by
the Legislature or collected from grants or other sources for the purpose of increasing public
transportation options across the State of Alabama. The trust fund shall be maintained and
administered by the department. (b) The department shall do all of the following in maintaining
and administering the trust fund: (1) Invest and reinvest all money held in the trust fund
in investments under the department's investment policies. (2) Keep books and records relating
to the investment, interest earnings, and uses of monies deposited into the trust fund. (3)
Establish procedures for the withdrawal, allocation, and use of the monies held in the trust
fund for the purposes described in Section 41-23-194. (4) Publish, on an annual basis, criteria
for determining the distribution of monies from the trust fund. (5)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-23-193.htm - 3K - Match Info - Similar pages
14-7-22.1
Section 14-7-22.1 Prison industry programs. (a) In order to implement work-oriented rehabilitation
programs in an actual private enterprise work environment, the Commissioner of the Department
of Corrections may contract or enter into agreements with private individuals, enterprises,
partnerships, or corporations to develop joint plants, businesses, factories, or commercial
enterprises. The contracts or agreements shall be limited to those in which the department
contracts or agrees to furnish inmate labor for the manufacture of articles or products or
to furnish inmate labor for the provision of service in facilities furnished by the department
or the party or parties and enter into contracts or agreements with the department. The facilities
shall be on property owned or operated by the department or at any prison facility housing
inmates sentenced to the department. (b) An inmate may participate in the program established
pursuant to this section only on a voluntary basis and only...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-7-22.1.htm - 4K - Match Info - Similar pages
16-33B-4
Section 16-33B-4 Basic powers and duties of the Alabama Commission on Higher Education for
the Alabama Guaranteed Student Loan Program. (a) Basic powers. The Alabama Commission on Higher
Education (ACHE) is authorized to administer the Alabama Guaranteed Student Loan Program in
accordance with the Federal Student Loan Law, and empowered to promulgate such rules, regulations,
policies, and procedures as may be reasonable and proper in order to carry out the provisions
and purposes of this chapter. Without limiting the generality of the foregoing, the ACHE is
authorized and empowered: (1) To establish regulations deemed necessary to comply with federal
regulations and legislation relative to guaranteed student loans and the Federal Student Loan
Law. (2) To establish eligibility criteria for participating postsecondary educational institutions.
(3) To establish reasonable eligibility criteria for the initial and continuing participation
of approved lenders in the student loan program. (4)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-33B-4.htm - 10K - Match Info - Similar pages
24-10-9
Section 24-10-9 Alabama Housing Trust Fund Advisory Committee - Responsibilities. The committee's
responsibilities shall include the following: (1) Review and advise ADECA staff on all policies
and procedures for operation of the Alabama Housing 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 ADECA 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, Governor, and the public. (3) Pursue additional
sources of revenue in addition to that prescribed by this chapter. (4) Ensure that the dedicated
resources alleviate the housing crisis for Alabamians by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-10-9.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-61-6.htm - 1K - Match Info - Similar pages
24-10-7
Section 24-10-7 Requirements for eligibility. (a) In order for a proposal to be an activity
eligible for support, the following minimum requirements must be met: (1) Beneficiaries of
the activity must be individuals or families whose annual income or incomes do not exceed
60 percent of the median family income of a geographic area, as determined by the U.S. Department
of Housing and Urban Development, with adjustments for smaller and larger families. (2) Housing
to be funded must meet minimum housing quality standards set forth by the U.S. Department
of Housing and Urban Development. (3) Housing to be funded must comply with the design standards
of the Americans with Disabilities Act. (4) Housing to be funded must meet the same requirements
for duration of affordability as set forth in the rules of ADECA for its HOME Investment Partnership
Program, with priority given to housing that is to be affordable in perpetuity. (b) Activities
to be funded by the Alabama Housing Trust Fund shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-10-7.htm - 4K - Match Info - Similar pages
23-1-431
Section 23-1-431 (This section terminates April 26, 2018, if no revenue is created.) Alabama
Transportation Safety Fund. There is hereby created the Alabama Transportation Safety Fund
in the State Treasury. All proceeds from the revenues designated to the fund less the cost
of collection authorized by law shall be deposited into the fund to be expended only as provided
in this article. The provisions of this article shall not be superseded, amended, altered,
violated, or overridden by any provision of the state General Fund appropriation act or any
other annual or supplemental appropriation act, administrative rule, inter-agency transfer,
or executive order or directive. The monies allocated to counties and municipalities from
the fund shall be in addition to and shall not diminish any other revenues allocated or distributed
from other sources. Proceeds deposited into the fund shall be distributed as follows: (1)
The first thirty-two million dollars ($32,000,000) of the proceeds paid...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-431.htm - 6K - Match Info - Similar pages
41-15B-2.2
Section 41-15B-2.2 Allocation of trust fund revenues. (a) For each fiscal year, beginning October
1, 1999, contingent upon the Children First Trust Fund receiving tobacco revenues and upon
appropriation by the Legislature, an amount of up to and including two hundred twenty-five
thousand dollars ($225,000), or equivalent percentage of the total fund, shall be designated
for the administration of the fund by the council and the Commissioner of Children's Affairs.
(b) For the each fiscal year, beginning October 1, 1999, contingent upon the Children First
Trust Fund receiving tobacco revenues, the remainder of the Children First Trust Fund, in
the amounts provided for in Section 41-15B-2.1, shall be allocated as follows: (1) Ten percent
of the fund shall be allocated to the Department of Public Health for distribution to one
or more of the following: a. The Children's Health Insurance Program. b. Programs for tobacco
control among children with the purpose being to reduce the consumption...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-15B-2.2.htm - 22K - Match Info - Similar pages
11-81-21
Section 11-81-21 Investment of funds obligation in which sinking funds may be invested. Any
municipal funds or county funds not presently needed for other purposes may be invested in
any obligations in which sinking funds are now authorized to be invested, pursuant to Section
11-81-19, and in addition in any of the following: (1) Direct obligations of (including obligations
issued or held in book entry form on the books of) the Department of the Treasury of the United
States of America; (2) Obligations of any of the following federal agencies, which obligations
represent the full faith and credit of the United States of America: a. Farmers Home Administration.
b. General Services Administration. c. U. S. Maritime Administration. d. Small Business Administration.
e. Government National Mortgage Association (GNMA). f. U. S. Department of Housing and Urban
Development (HUD). g. Federal Housing Administration (FHA). (3) U. S. dollar denominated deposit
accounts and certificates of deposit...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-21.htm - 6K - Match Info - Similar pages
|