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16-25-21
Section 16-25-21 Method of financing. Effective October 1, 1997, all the assets of the retirement
system shall be credited according to the purpose for which they are held among three funds,
namely: The Annuity Savings Fund, the Pension Accumulation Fund, and the Expense Fund. The
operation of the former Pension Reserve Fund and the Annuity Reserve Fund shall be discontinued
as of such date, the balance of the former Pension Reserve Fund shall be transferred to the
Pension Accumulation Fund, and the balance of the former Annuity Reserve Fund shall be transferred
to the Pension Accumulation Fund. (1) The Annuity Savings Fund shall be a fund in which shall
be accumulated contributions from the compensation of members to provide for their annuities.
Contributions to and payments from the Annuity Savings Fund shall be made as follows: a. Each
employer shall cause to be deducted from the salary of each member on each and every payroll
of such employer for each and every payroll period five...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-21.htm - 15K - Match Info - Similar pages
31-5-7
Section 31-5-7 State Service Commissioner - Duties generally; compensation. (a) The State Service
Commissioner shall submit to the State Board of Veterans' Affairs for its approval an annual
budget of all funds appropriated by the Legislature to the department for the specific purposes
for which they are appropriated, and also a budget of any federal funds which may be allotted
to the state by the federal government for the purposes of the department according to the
regulations of the federal authorities. He shall publish annually a full report of the operations
and administration of the department, together with recommendations and suggestions, and submit
such report to the state board. (b) It shall be the duty of the state commissioner to: (1)
Prepare detailed plans for, and fully develop, a comprehensive statewide veterans' assistance
program. (2) Cooperate with all other heads of the state departments in coordinating the plans
and programs of state agencies which may properly be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/31-5-7.htm - 5K - Match Info - Similar pages
11-89C-4
Section 11-89C-4 Powers of public corporation; requirements for development or adoption of
rules, procedures, ordinances, etc. (a) When expressly required to comply with storm water
laws, any public corporation created pursuant to this chapter shall have the following powers:
(1) To establish, maintain, and operate an organizational structure pursuant to this chapter,
its original or amended certification, and its bylaws or other rules of procedure, that will
enable it to implement the storm water laws for and on behalf of any governing body that exercises
the option to participate in or with a public corporation, provided that no new or greater
authorities or powers other than those specifically granted to the governing bodies are conferred
upon any public corporation formed pursuant to this chapter. Except for the authority provided
in subdivision (20), authority to enforce the storm water laws is retained wholly and exclusively
to the governing bodies and may not be further...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89C-4.htm - 10K - Match Info - Similar pages
16-6D-9
Section 16-6D-9 Tax credit claims; administrative accountability; verification of requirements;
rules and procedures. (a)(1) An individual taxpayer who files a state income tax return and
is not claimed as a dependent of another taxpayer, a taxpayer subject to the corporate income
tax levied by Chapter 18 of Title 40, an Alabama S corporation as defined in Section 40-18-160,
or a Subchapter K entity as defined in Section 40-18-1 may claim a credit for a contribution
made to a scholarship granting organization. If the credit is claimed by an Alabama S corporation
or Subchapter K entity, the credit shall pass through to and may be claimed by any taxpayer
eligible to claim a credit under this subdivision who is a shareholder, partner, or member
thereof, based on the taxpayer's pro rata or distributive share, respectively, of the credit.
(2) The tax credit may be claimed by an individual taxpayer or a married couple filing jointly
in an amount equal to 100 percent of the total...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-6D-9.htm - 24K - Match Info - Similar pages
27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages
40-12-255
Section 40-12-255 Manufactured homes. (a) Every person, firm, or corporation who owns, maintains
or keeps in this state a manufactured home as defined according to subsection (n) of this
section, except a manufactured home that constitutes a part of the inventory of a manufacturer
or dealer, shall pay an annual registration fee of $24 for an owner occupied single wide (one
transportable module) manufactured home, $48 for an owner occupied double wide or larger (two
or more transportable modules) manufactured home, $48 for a commercial single wide (one transportable
module) manufactured home, or $96 for a commercial double wide or larger (two or more transportable
modules) manufactured home, provided, however, that any manufactured home 10 years of age
or greater but less than 20 years of age shall pay 75 percent of the above stated fees, and
any manufactured home 20 years of age or greater shall pay 50 percent of the above stated
fees; and upon payment thereof such owner shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-12-255.htm - 15K - Match Info - Similar pages
4-3-47
Section 4-3-47 Powers of authority generally. The authority shall have the following powers,
together with all powers incidental thereto or necessary to the discharge thereof in corporate
form: (1) To have succession by its corporate name for the duration of time (which may be
in perpetuity) specified in its certificate of incorporation; (2) To sue and be sued in its
own name in civil actions, excepting actions in tort against the authority; (3) To adopt and
make use of a corporate seal and to alter the same at pleasure; (4) To adopt and alter bylaws
for the regulation and conduct of its affairs and business; (5) To acquire, receive, take
and hold, whether by purchase, option to purchase, gift, lease, devise or otherwise, property
of every description, whether real, personal or mixed, whether in one or more counties and
whether within or without the corporate limits of any authorizing subdivision, and to manage
said property and to develop any property and to sell, exchange, lease or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-47.htm - 16K - Match Info - Similar pages
45-8A-22.116
Section 45-8A-22.116 Disability benefits. (a) Line of Duty Disability Benefit. (1) Effective
for Disabilities Occurring Before October 1, 2012. a. Participants Hired Before July 1, 2002.
A participant, who was hired by the City of Anniston as a sworn police officer or sworn firefighter
before July 1, 2002, who becomes permanently physically or mentally disabled as a result of
injuries received in the line of duty, rendering his or her retirement from service necessary,
shall be entitled to receive a disability benefit equal to the following: 1. Participants
With At Least Three Years of Service. The participant's disability benefit shall equal three
percent times the average of his or her monthly compensation for the last three years preceding
his or her retirement multiplied by 30. 2. Participants With Less Than Three Years of Service.
The participant's disability benefit shall equal three percent times the average of his or
her monthly compensation for all years of continuous service...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-8A-22.116.htm - 9K - Match Info - Similar pages
12-17-227.5
Section 12-17-227.5 (Effective November 8, 2016, subject to contingencies) Disability retirement
allowance. (a) Upon application of an active and contributing member, any such member who
has 10 or more years of membership service who becomes disabled may be retired on a disability
retirement allowance by the Board of Control not less than 30 days nor more than 90 days next
following the date of filing of such application; provided that the medical board, after a
medical examination of such member, shall certify that such individual is totally and permanently
mentally or physically incapacitated from regular and substantial gainful employment and that
such member should be retired. (b) Upon retirement for disability, the member shall receive
a service retirement allowance if he or she has attained age 62; otherwise, he or she shall
receive a disability retirement allowance which shall consist of an annuity, which shall be
the actuarial equivalent of the member's accumulated...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-17-227.5.htm - 2K - Match Info - Similar pages
12-18-155
Section 12-18-155 (Effective November 8, 2016, subject to contingencies) Disability retirement
allowance. (a) Upon application of an active and contributing member, any such member who
has 10 or more years of membership service who becomes disabled may be retired on a disability
retirement allowance by the Board of Control not less than 30 days nor more than 90 days next
following the date of filing of such application; provided that the medical board, after a
medical examination of such member, shall certify that such individual is totally and permanently
mentally or physically incapacitated from regular and substantial gainful employment and that
such member should be retired. (b) Upon retirement for disability, a member who is a clerk
shall receive a service retirement allowance if he or she has attained age 62; otherwise,
he or she shall receive a disability retirement allowance which shall consist of an annuity,
which shall be the actuarial equivalent of the member's accumulated...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-155.htm - 3K - Match Info - Similar pages
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