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41-23-51
Section 41-23-51 Regional Revolving Loan Policy Committee; duties; membership; length of terms;
meetings. The moneys appropriated to the Alabama Department of Economic and Community Affairs
under the provisions of Section 41-23-50 shall be used to create and establish economic development
revolving loan funds throughout this state, pursuant to rules hereunder and approved by the
Regional Revolving Loan Policy Committee. This committee shall be established for purposes
of reviewing and approving policies and procedures, and to provide general oversight for this
program. This committee shall be composed of the following members: the Director of the Alabama
Department of Economic and Community Affairs, the Director of the Alabama Department of Commerce,
two members of the Senate appointed by the Lieutenant Governor, the Chairperson of the Senate
Economic Affairs Committee, two members of the House appointed by the Speaker of the House,
the Chairperson of the House Commerce and Industrial...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-23-51.htm - 2K - Match Info - Similar pages
45-27-246.30
Section 45-27-246.30 Trust fund. (a) The Legislature recognizes that there has been a certain
windfall to Escambia County paid during the fiscal year 1983-84 and arising under the oil
and gas severance tax levied under provisions of Section 40-20-2, and distributed under Section
40-20-8. The legislative intent of this section is to establish a trust fund, the corpus of
which is to be composed of four million dollars ($4,000,000) from the oil and gas severance
tax paid to Escambia County during the fiscal year of 1983-84 together with 20 percent of
the annual income thereon each year during the existence of this trust beginning with the
fiscal year 1984-85. (b) Subject to any limitation of the Constitution of Alabama of 1901,
or of any general law of this state, the Escambia County Commission shall establish a trust
fund which shall be entitled the Escambia County Oil and Gas Severance Trust and which shall
hereafter in this section be referred to as the trust. The Escambia County...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27-246.30.htm - 3K - Match Info - Similar pages
5-11A-5
Section 5-11A-5 Deposit of security for operation of trust business - Amount required and form;
charges against deposit. Any corporation organized and operating as a trust company or as
a bank authorized by law to do a trust business may deposit with the State Treasurer or elsewhere
United States bonds, bonds, notes or debentures of any federal agency such as a federal land
bank, banks for cooperatives, Farm Home Administration, Federal National Mortgage Association,
etc., Alabama bonds, bonds of any city or county in the State of Alabama or mortgages which
are first liens on real estate, worth in each case double the face of the mortgage, situated
in this state, to an amount not less than $25,000.00, and may increase said deposit from time
to time or reduce the same to an amount not less than $25,000.00, or may withdraw the deposit
entirely, provided such trust companies or banks have made final settlement and accounted
for all assets in their possession and under their control by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-11A-5.htm - 1K - 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
18-4-7
Section 18-4-7 Relocation assistance advisory programs. (a) Programs or projects undertaken
by a state agency shall be planned in a manner that recognizes, at an early stage in the planning
of the programs or projects and before the commencement of any actions which will cause displacements,
and provides for the resolution of the problems in order to minimize adverse impacts on displaced
persons and to expedite program or project advancement and completion. (b) The agency shall
ensure that the relocation assistance advisory services described in subsection (c) are made
available to all persons displaced by the agency. If the state agency determines that any
person occupying property immediately adjacent to the real property acquired is caused substantial
economic injury because of the acquisition, it may offer the person relocation advisory services
under the program. (c) Each relocation assistance advisory program required by subsections
(a) and (b) shall include measures, facilities,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/18-4-7.htm - 2K - Match Info - Similar pages
24-1A-2
Section 24-1A-2 Definitions. The following words and phrases used in this chapter, and others
evidently intended as the equivalent thereof, shall, in the absence of clear implication otherwise,
have the following respective meanings: (1) AUTHORITY. The public corporation and instrumentality
of the state organized pursuant to the provisions of this chapter. (2) AUTHORIZED INVESTMENTS.
Bonds or other obligations of, or guaranteed by, the United States of America or the state;
interest bearing bank and savings and loan association deposits; obligations of any agency
of the United States of America; any obligations in which a state chartered savings and loan
association may invest its funds; any agreement to repurchase any of the foregoing; or any
combination thereof. (3) BOARD OF DIRECTORS. The board of directors of the authority. (4)
BONDS. Bonds or other securities representing an obligation to pay money. (5) ELIGIBLE HOUSING
UNIT. Real and personal properties located in the state...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-2.htm - 4K - Match Info - Similar pages
26-9-10
Section 26-9-10 Investment of funds of estate by guardian; limitation as to loans of funds
of ward. (a) Every guardian shall invest the funds of the estate in one or more of the following
forms in which the guardian has no interest and not otherwise: (1) Interest-bearing obligations
of the State of Alabama or of the United States or as to which the State of Alabama or the
United States has guaranteed the payment of both principal and interest. (2) Loans secured
by direct first mortgage on improved real estate located within the State of Alabama. Such
loans shall not exceed 50 percent of the actual value fixed by a competent appraiser or of
the value for which such real estate, with improvements, was assessed for taxation for the
last preceding tax year, whichever is the lower, except as provided in subdivision (3) of
this section. (3) Purchase of indebtedness secured by first real estate mortgages which have
been accepted for insurance by the Secretary of Housing and Urban Development...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-9-10.htm - 3K - 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
19-3-120.1
Section 19-3-120.1 Investments in common trusts, collective investment funds, and interests
of investment companies and trusts. In addition to the investments authorized by Section 19-3-120,
by any other provision of law for the investment of funds held by a trustee, executor, administrator,
guardian, conservator or other fiduciary, or by the will, trust agreement or other document
which is the source of authority, such fiduciary, other than a trustee governed by Chapter
3B, may invest in and hold (1) interests, however evidenced, in any common trust fund or other
collective investment fund maintained by any national or state chartered bank, trust company
or savings and loan association having trust powers, or (2) securities of or other interests
in any open-end or closed-end management type investment company or investment trust registered
under the Investment Company Act of 1940, as from time to time amended, so long as the portfolio
of such common trust fund, collective investment...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3-120.1.htm - 2K - Match Info - Similar pages
34-37-5
Section 34-37-5 Deposit and disbursement of funds; bond of the executive director and deputy
director. (a) There is established a separate special revenue trust fund in the State Treasury
to be known as the State of Alabama Plumbers and Gas Fitters Examining Board Fund. All receipts
collected by the board under this chapter shall be deposited in this fund and used only to
carry out this chapter. The fund shall be disbursed only by warrant of the state Comptroller
upon the State Treasury upon itemized vouchers approved by the executive director of the board
or, in the absence of the executive director, by the deputy director. No funds shall be withdrawn
or expended except as budgeted and allotted according to Sections 41-4-80 to 41-4-96, inclusive,
as amended, and only in amounts as stipulated in the general appropriation bill or other appropriation
bills. All money remaining at the end of the fiscal year which exceeds 25 percent of the board's
budget for the previous year shall be...
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