45-46A-40
Section 45-46A-40 Linden Gas Investment Trust Fund. (a) There is hereby established in the treasury of the City of Linden, Alabama, in Marengo County, a special investment fund to be known as the Linden Gas Investment Trust Fund, hereinafter referred to as the fund. All of the proceeds derived from the purchase agreement of the Linden city gas system negotiated between the City of Linden, the City of Linden Utilities Board, and the Alabama Gas Corporation, and any other funds lawfully granted or appropriated to the fund, shall constitute the corpus or principal amount of the fund. All monies in the trust fund corpus shall be invested by the governing body of the City of Linden only in those securities which are deemed legal investments for fiduciaries as prescribed in Section 19-3-120. (b)(1) Upon the establishment of the fund, the governing body of the City of Linden is authorized to expend only interest income for any lawful purpose, and shall not spend or obligate any principal or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-46A-40.htm - 2K - Match Info - Similar pages
9-16-103
Section 9-16-103 Alabama Surface Mining Fund. (a) All sums received through the payment of fees, the forfeiture of bonds, the recovery of civil penalties or appropriations by the Legislature shall be placed in the State Treasury and credited to an open account designated as the Alabama Surface Mining Fund. This fund, which shall include the Alabama Surface Mining Reclamation Fund established by Act No. 551, 1975 Regular Session, shall be available to the regulatory authority for expenditure in the administration and enforcement of this article, and training, reclamation and research programs; provided, that the proceeds from the forfeiture of any bond shall be used to the extent required by law in completing reclamation and revegetation of the area with respect to which the bond applies. Any unencumbered and any unexpended balance of this fund remaining at the end of any fiscal year shall not lapse, but shall be carried forward for the purposes of this article until expended. (b) There...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-16-103.htm - 1K - Match Info - Similar pages
16-38A-2
Section 16-38A-2 Alabama Head and Spinal Cord Injury Trust Fund Advisory Board - Creation; composition. There is created the Alabama Head and Spinal Cord Injury Trust Fund Advisory Board to be appointed as herein provided. The following agencies and organizations shall appoint one representative to the board: (1) The Alabama Medical Association. (2) The Alabama Head Injury Foundation. (3) The Governor. (4) The Department of Public Health. (5) The Department of Human Resources. (6) The Division of Special Education Services of the Department of Education. (7) The Alabama Developmental Disabilities Planning Council. (8) The Department of Mental Health. (9) The Injury Prevention Research Center at the University of Alabama in Birmingham. (10) The Alabama Head Injury Task Force. (11) The Alabama Hospital Association. (12) The Insurance Commissioner of Alabama. (13) The Epilepsy Foundation of North and Central Alabama. (14) The Alabama Medicaid Agency. (15) The Alabama Coalition of Citizens...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-38A-2.htm - 1K - Match Info - Similar pages
24-1A-44
Section 24-1A-44 Alternative housing programs; certified amounts; modification and depletion. (a) Mortgage guarantee fund. In addition to the uses provided in Section 24-1A-43, commencing on March 3, 2014, the mortgage guarantee fund established by the Alabama Home Buyers Initiative Act, including all funds appropriated for the mortgage guarantee fund and all interest or investment earnings thereon, shall be made available to fund alternative housing programs in accordance with this section, and Sections 24-1A-41.1 and 24-1A-42. (b) Investment income on mortgage guarantee fund. All interest or investment income, if any, on funds deposited in the mortgage guarantee fund shall be credited to, and shall remain part of, the mortgage guarantee fund. (c) Establishment of alternative housing programs. In order to establish an alternative housing program, the program administrator shall certify in writing to the State Treasurer that: (1) There is a specific dollar amount of funds on deposit in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-44.htm - 4K - Match Info - Similar pages
36-18-51
Section 36-18-51 Establishment of fund; management of money. (a) There is hereby established a special fund in the State Treasury, to be known as the Alabama Chemical Testing Training and Equipment Trust Fund. (b) The State Treasurer shall invest money in the fund as is provided by law but all earnings from the fund shall be credited to the fund. Money in the fund at the end of the fiscal year shall remain in the fund, and shall not revert to the General Fund. However, no funds shall be withdrawn or expended except as budgeted and allotted according to law and only in the amounts authorized by the Legislature in the general appropriation bill or other appropriation bills. (Acts 1995, No. 95-784, p. 1862, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-18-51.htm - 1K - Match Info - Similar pages
40-13-6
Section 40-13-6 Distribution of tax proceeds. (a) In each fiscal year when the funds then on deposit in the special fund or funds created for retirement of the bonds equal the amount needed to pay all the principal and interest becoming payable on the bonds within the succeeding 12 months and the funds then on deposit in the reserve fund or funds created for the bonds equal the maximum principal and interest becoming due on the bonds in any one year, the severance tax proceeds remaining in the Alabama State Docks Bulk Handling Facility Trust Fund, shall be distributed as provided herein; provided however, that if at the end of any fiscal year of the state, beginning with the fiscal year ending September 30, 1987, the Director of the Alabama State Docks Department shall have notified the Director of Finance in writing, at least five days prior to the close of the fiscal year, that the revenues to be derived by the Alabama State Docks Department from the operations of its coal handling...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-13-6.htm - 13K - Match Info - Similar pages
41-10-755
Section 41-10-755 Bonds of the authority. (a) General. The authority is authorized from time to time to sell and issue its bonds for the purpose of providing funds to be transferred to and deposited in the Alabama Trust Fund and the Rainy Day Account, to provide additional funds to the Alabama Medicaid Agency, for paying the costs of transportation projects, and for the purpose of refunding any or all of the authority's outstanding bonds. (b) Sources of payment. Bonds issued by the authority shall be solely and exclusively an obligation of the authority and shall not create an obligation or debt of the state. Such bonds shall not be general obligations of the authority but shall be payable solely from one or more of the following sources: (1) Appropriated funds. (2) The income or proceeds realized by the authority under any mortgage or security granted to the authority. (3) Amounts derived from any letter of credit, insurance policy, or other form of credit enhancement applicable to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-755.htm - 5K - Match Info - Similar pages
45-17-243
Section 45-17-243 Definitions. (a) The following words, terms, and phrases, as used in this part, shall have the following respective meanings except where the context clearly indicates a different meaning: (1) AUTHORITY. The Shoals Economic Development Authority, an agency or instrumentality of the county and Lauderdale County created pursuant to Subpart 1 and Act 95-409, and includes its successors and assigns, if any, and any agency or instrumentality that may succeed to its functions. (2) CODE. The Code of Alabama 1975, and all amendments thereto. (3) COMMITTEE. The Shoals Industrial Development Committee, an agency or instrumentality of the county and Lauderdale County, created pursuant to Part 2 (commencing with Section 45-17-91.20) of Article 9, and includes any agency or instrumentality that may succeed to its functions. (4) COUNTY. Colbert County in the State of Alabama. (5) LAUDERDALE COUNTY. Lauderdale County in the State of Alabama. (6) SHOALS ECONOMIC DEVELOPMENT FUND....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-17-243.htm - 3K - Match Info - Similar pages
45-27A-60
Section 45-27A-60 Town of Pollard Trust Account. (a)(1) There is hereby established a trust account for the Town of Pollard, Alabama, for the exclusive benefit of the Town of Pollard and its citizens. The name of the trust fund shall be the Town of Pollard Trust Account. (2) In order to preserve for future generations the Town of Pollard Trust Account and to ensure water service, garbage pickup, grass mowing, and general maintenance of public property, expenditures from the income of the trust are authorized only for the following uses: a. Maintenance and replacement of water system equipment and property. b. The payment of utility charges incurred by the town. c. Purchase and maintenance of insurance for the water system, other town property, and bonding fees required by law for the mayor, the town clerk, and any other person authorized to sign checks for the Town of Pollard. d. Repair and replacement of town equipment. e. Employment of two permanent employees to perform garbage...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27A-60.htm - 7K - Match Info - Similar pages
45-42-122
Section 45-42-122 Applicability. This part shall apply to and have application in Limestone County, Alabama, to all regular full-time employees whose wages, salaries, and benefits are provided from the general fund and other designated and special funds under the management and administration of the board of county commissioners, including regular full-time employees of the sheriff's department, tax assessor's office, tax collector's office, and judge of probate's office. (Act 80-292, p. 405, § 1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-42-122.htm - 815 bytes - Match Info - Similar pages
|