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)...
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16-33B-8
Section 16-33B-8 Legal counsel for program. The Attorney General or his agent shall
act as legal counsel to ACHE for the Alabama Guaranteed Student Loan Program. When the collection
of loans on which ACHE has met its guarantee obligation requires legal action outside the
State of Alabama, ACHE, upon recommendation of the Attorney General, may employ private, out-of-state
counsel and expend its own funds to pay for this service. (Acts 1980, No. 80-733, p. 1484,
§8.)...
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16-33B-1
Section 16-33B-1 Definitions. As used in this chapter, unless the context clearly requires
a different meaning, the following words shall have the following meanings: (1) ACHE. The
Alabama Commission on Higher Education. (2) APPROVED LENDER. Any eligible institution, or
any bank, trust company, savings and loan association, credit union, pension fund, or insurance
company, whose primary consumer credit function is not the making of insured student loans
and which is examined and supervised by the appropriate state or federal regulatory agency
or any other institution or agency defined as an eligible lender in accordance with the Federal
Student Loan Law. (3) ELIGIBLE INSTITUTION. Any postsecondary educational institution which
is approved by the Alabama Commission on Higher Education for the purposes of this program.
However, an institution offering exclusively correspondence, independent study, or home study
courses is not an eligible institution. (4) FEDERAL STUDENT LOAN LAW. Title...
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16-23-24
Section 16-23-24 Teacher Education Scholarship Loan Program established; use; subsequent
obligations; funding; rule-making authority; provisions for current scholarship recipients.
(a) Effective October 1, 1993, there is established a Teacher Education Scholarship Loan Program
(hereinafter referred to as "the program") to provide for the education of certified,
employed public school teachers to be trained in the use of integrating technology skills
in the curriculum. First priority shall be given to those certified public school teachers
in the fields of English, science, mathematics, and social science and history and those who
teach pupils in kindergarten to grade six, inclusive. Twenty-five percent of the funds available
through this program shall be targeted for minority teachers. When moneys are available for
scholarship loans for teachers above and beyond the first priority group, the State Board
of Education shall designate other critical needs areas for scholarship loans. (b)...
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22-30F-3
Section 22-30F-3 Definitions. The following words and phrases, whenever used in this
chapter, shall have the following respective meanings unless the context clearly indicates
otherwise: (1) AUTHORITY. The corporation organized pursuant to this chapter as a public corporation,
agency, and instrumentality of the state and known as the "Alabama Land Recycling Finance
Authority." (2) AUTHORIZING RESOLUTION. A resolution, order, or other proceedings adopted
by the board of directors of the authority authorizing the issuance of agreements and related
matters. (3) BOARD OF DIRECTORS. The board of directors of the authority. (4) DEPARTMENT.
The Alabama Department of Environmental Management or any successor. (5) ELIGIBLE PROPERTY.
Property which qualifies under Section 22-30E-6 for participation in the voluntary
cleanup program established pursuant to Chapter 30E of this title, and which is owned and
operated by an applicant or applicants which qualifies for the limitation of liability as...

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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...
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16-33B-3
Section 16-33B-3 Administration of program. The Alabama Guaranteed Student Loan Program
created under this chapter shall be administered by the Alabama Commission on Higher Education.
The Executive Director of the Alabama Commission on Higher Education shall have the primary
responsibility for the administration of the program, including appropriate staffing, in accordance
with the Federal Student Loan Law, and rules, regulations, policies, and procedures to be
promulgated by the Alabama Commission on Higher Education. (Acts 1980, No. 80-733, p. 1484,
§3; Acts 1988, 1st Ex. Sess., No. 88-866, p. 366, §1.)...
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40-18-100
Section 40-18-100 Definitions. For the purposes of this article, the following terms
shall have the following meanings: (1) CLAIMANT AGENCY. Any of the following: a. The Alabama
Commission on Higher Education with respect to the collection of debts under either of the
following: 1. The Alabama Student Grant Program provided for by Chapter 33A of Title 16. 2.
The Alabama Guaranteed Student Loan Program provided for by Chapter 33B of Title 16. b. The
Alabama Department of Human Resources with respect to the collection of debts and money owed
under any and all of its public assistance programs and other programs administered by that
department, including support programs administered pursuant to the requirements of Title
IV-D of the Social Security Act. c. The Alabama Medicaid Agency with respect to the collection
of debts and money owed under any and all of the programs it administers. d. The Alabama Department
of Labor with respect to the collection or recovery, or both, of debts owed...
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16-33B-2
Section 16-33B-2 Legislative findings and purposes. The Legislature declares that there
exists within the State of Alabama a lack of sufficient availability of loans to residents
of Alabama who choose to attend a postsecondary educational institution and who have a financial
need in order to pay a portion or all of such residents' educationally related expenses at
the postsecondary educational institution. This chapter establishes a guaranteed student loan
program which is intended to provide increased access to educational loans for Alabama residents.
(Acts 1980, No. 80-733, p. 1484, §2.)...
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16-5-55
Section 16-5-55 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018
REGULAR SESSION, EFFECTIVE JULY 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) The
program shall be used to provide a loan repayment for federal student loans in the following
amounts: (1) Five thousand dollars ($5,000) per year, or two thousand five hundred dollars
($2,500) per semester worked, for a maximum of four consecutive years for a teacher with a
valid Alabama professional educator certificate endorsed in secondary math or science who
graduated from a teacher education program at an approved institution after the 2018 spring
semester term and is teaching in an Alabama public school. (2) An additional two thousand
five hundred dollars ($2,500) per year, or one thousand two hundred fifty dollars ($1,250)
per semester worked, for a maximum of four consecutive years for a teacher who satisfies all
criteria listed in Section 16-5-54 and who also is teaching math or science in a public
school in...
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