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16-54-18
Section 16-54-18 Fund previously generated by proceeds from lands dedicated to university to
be deposited in Restricted Endowment Fund; provisions for payment of remaining principal over
five-year-period; interest to be paid. On May 19, 1980, the Treasurer of the state shall pay
to the Treasurer of the University of Montevallo the whole amount of the fund in the Treasury
generated by proceeds from both federally granted and other lands dedicated to the benefit
of the University of Montevallo. These funds shall be deposited into the University of Montevallo
Restricted Endowment Fund. On October 1, 1996, and on October 1 of each of the next four fiscal
years, the State Treasurer shall pay to the Treasurer of the University of Montevallo one-fifth
of the remaining principal sum of proceeds not heretofore transferred, which were derived
and generated from the sales of federal lands granted by the United States Congress to the
State of Alabama for the express support of the University of...
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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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2-27-30
Section 2-27-30 Establishment and operation; policy committee and executive committee therefor.
The commissioner and state Department of Agriculture and Industries shall have authority to
provide for the establishment and operation of a laboratory to obtain reliable analysis of
raw and processed agricultural products, the materials used in production of agricultural
products for harmful pesticide residues for the protection of public health and interest,
to aid in developing and expanding markets for agricultural products, the protection and production
of fish and wildlife, and the use of recreational areas as related to pesticide residues.
In connection therewith, there shall be established a policy committee to be composed of the
following: (1) The Director, Alabama Cooperative Extension Service, who shall be chairman
of the committee; (2) The Commissioner of the Department of Agriculture and Industries; (3)
The Director, Alabama Experiment Station System; (4) The State Health...
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9-11-2.1
Section 9-11-2.1 Closing of existing hunting lands; replacement acreage; annual reports. (a)
For the purposes of this section, the following terms shall have the following meanings: (1)
DEPARTMENT. The Alabama Department of Conservation and Natural Resources. (2) DEPARTMENT-MANAGED
LANDS. Privately owned lands that are leased or managed by the department. (3) DEPARTMENT-OWNED
LANDS. Lands owned by the department and lands owned by the state over which the department
holds management authority. (4) HUNTING. The lawful pursuit, trapping, shooting, capture,
collection, or killing of wildlife or the lawful attempt to pursue, trap, shoot, capture,
collect, or kill wildlife. (b) Department-owned lands and department-managed lands shall be
open to access and use for hunting except as limited by the department for reasons of demonstrable
public safety, fish or wildlife management, homeland security, or as otherwise limited by
law. (c) The department, in exercising its authority pursuant to...
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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...
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9-2-61
Section 9-2-61 Appointment of director; powers and duties of division generally. The Division
of Wildlife and Freshwater Fisheries shall be a division of the Department of Conservation
and Natural Resources and shall be headed by and be under the direction, supervision and control
of the Director of the Division of Wildlife and Freshwater Fisheries. He shall be appointed
by the Commissioner of Conservation and Natural Resources with the approval of the Governor.
The Division of Wildlife and Freshwater Fisheries shall have the personnel, powers, properties,
functions and duties of the Department of Conservation and Natural Resources which pertain
to the game and fish of the State of Alabama and such personnel, duties, powers, functions
and properties as may be hereafter conferred by law. (Acts 1939, No. 162, p. 255, § 11; Code
1940, T. 8, §15; Acts 1951, No. 476, p. 840, §2.)...
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17-14-53
Section 17-14-53 Expense of publication of proclamation. Whenever any proposed amendment to
the Constitution of Alabama of 1901, regardless of the nature thereof, is submitted to the
people for ratification or adoption, the expense of publication of the Governor's proclamation
concerning such amendment shall be paid out of the General Fund of the State of Alabama. Payment
of the expense of the publication of any such proclamation shall be made upon account stated,
certified to be correct, approved by the Governor, upon warrant of the state Comptroller.
There is hereby appropriated out of the General Fund of the State of Alabama such sum or sums
as may be necessary to pay the expense of the publication of any such proclamation. (Acts
1951, No. 980, p. 1654, §§1, 2; §17-17-4; amended and renumbered by Act 2006-570, p. 1331,
§74.)...
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19-3-125
Section 19-3-125 Life, endowment, or annuity contracts. In addition to any other investment
now permitted by law, a guardian or trustee may invest the funds of his ward or of the beneficiary
of the trust in life, endowment or annuity contracts of legal reserve life insurance companies
duly qualified and authorized to write such business in the State of Alabama; provided, however,
that the annual premium or premiums on such contracts purchased by such guardian or trustee
shall not exceed 25 percent of the income of the ward or the beneficiary for any calendar
year preceding the date of such purchase. The contract must contain the following options
after it has been in force for three years or less: a cash surrender value option, a paid-up
insurance or endowment option, and an extended insurance or endowment option. Such contract
may be issued on the life or lives of the ward or wards, or beneficiary or beneficiaries of
the trust or upon the life or lives of persons in whose life or...
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27-17A-47
Section 27-17A-47 Establishment and management of endowment care fund. (a) Every cemetery authority
operating an endowment care cemetery shall establish an endowment care fund which shall be
placed with and held by a bank, trust company, savings and loan association, or other financial
institution authorized to provide trust services under Title 5, as amended, or under the applicable
laws of the United States or any other state, or a board of trustees, consisting of at least
three members, who shall reside in the State of Alabama, one of whom is engaged in outside
cemetery management, and each of whom shall be bonded to honestly perform the duties of trustee
under a formal trust agreement. (b) Except as specifically provided in this subsection, commencing
on July 1, 2014, a person serving on a board of trustees or cemetery authority may not also
serve as a trustee of an endowment care fund for the cemetery authority. A board of trustees
in existence on July 1, 2014, may continue to...
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34-4-54
Section 34-4-54 Record of proceedings; funds; audit. The executive director of the board shall
keep a record of the proceedings of the board. The board shall deposit all the funds received
and credited by the board into the State Treasury into an account hereby established to be
known as the "Alabama State Board of Auctioneers Fund." All money derived under
this chapter shall be deposited into the fund and used only to carry out the requirements
of this chapter. No money shall be paid out of the fund except by warrant of the Comptroller
upon the State Treasury after approval of itemized vouchers by the executive director of the
board or an authorized designee. (Acts 1973, No. 811, p. 1236, §10; Acts 1988, No. 88-138,
p. 201, §3; Act 2014-329, p. 1215, §1.)...
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