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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...
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11-54-133
Section 11-54-133 Termination or dissolution of fund. Upon the termination or dissolution of
an endowment trust fund, all properties held in and forming a part of such fund, whether real
or personal, tangible or intangible, and whether characterized as principal or income of such
fund, shall continue to be or shall become, as the case may be, the property of the industrial
development board that created or established the fund; provided, that the board may, subject
to any applicable conditions set out in either the authorizing resolution or the trust agreement
pertaining to the fund, from time to time pay over, distribute, or convey, with or without
consideration, to the municipality whose governing body authorized the incorporation of the
board, all or any of the properties or any portion or portions thereof. After the termination
or dissolution of the fund, all such properties may be expended or used, whether by the board
or the municipality, for one or more of the purposes specified...
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45-2-171.21
Section 45-2-171.21 Baldwin County Indigent Care Board authorized. At the determination of
the county commission, there may be hereby established the Baldwin County Indigent Care Board,
hereinafter referred to as the board, whose composition and duties shall be as follows: (1)
The county commission may appoint a Baldwin County Indigent Care Board which shall consist
of four members who are duly qualified electors of Baldwin County, but no member of such board
shall be employed by any hospital. Of the members of the board first appointed under the provisions
of this section, one shall be appointed for a term of one year, one shall be appointed for
a term of two years, one shall be appointed for a term of three years and one shall be appointed
for a term of four years. Thereafter, their successors shall be appointed for terms of four
years and may be appointed to succeed themselves as members of the board. The county commission
shall appoint all members of the board. In the event the...
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16-47-76
Section 16-47-76 Board of Dental Scholarship Awards creation; establishment of scholarships;
composition of board. There is hereby created and established a board to be known as the Board
of Dental Scholarship Awards, which shall be authorized and required to establish scholarships
to provide for and further dental training, in pursuance of a dental degree, of qualified
applicants for admission to the University of Alabama School of Dentistry or any other dental
school accredited by the Council on Dental Education of the American Dental Association. The
board shall give first priority to Alabama students who will attend dental school in Alabama.
The board also shall establish the Alabama Dental Service Program as set out in Sections 16-47-77
through 16-47-81. The board shall also establish the Rural Dental Health Scholars Program
for the purpose of awarding scholarships to high school students who are interested in the
practice of dentistry in rural areas. Also, the board shall...
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22-36-6
Section 22-36-6 Expenditure of funds from leaking Underground Storage Tank Trust Fund; investigative
and corrective powers in regard to administration of funds; liability of owner or operator
for costs. (a) The department shall be authorized to administer the expenditure of any funds
made available from the Leaking Underground Storage Tank Trust Fund established by the Superfund
Amendments and Reauthorization Act of 1986. (b) To enable the department to administer the
Leaking Underground Storage Tank Trust Fund, or state fund, where applicable, the department:
(1) Shall have authority to take investigative and corrective action with respect to releases
of petroleum from underground storage tanks; (2) Shall have the authority to expend any state
funds which may be made available for investigative and corrective action or federal funds
which are authorized for state use under 42 U.S.C. §6991b.(h) for investigative or corrective
action involving releases of petroleum from underground...
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23-2-149
Section 23-2-149 Trust agreements securing bond issues; authorized provisions protecting holders;
pledge of revenues. In the discretion of the authority, any bonds issued under the provisions
of this article may be secured by a trust agreement by and between the authority and a corporate
trustee, which may be any trust company, or bank having the powers of a trust company, within
or without the state. The trust agreement or the resolution providing for the issuance of
such bonds subject to the provisions of Section 23-2-147, may pledge or assign tolls or other
revenues to which the authority's right then exists or which may thereafter come into existence,
and the moneys derived therefrom, and the proceeds of such bonds; provided, however, that
the trust agreement or resolution shall not convey or mortgage any toll road, bridge or tunnel
project or any part thereof. Such trust agreement or resolution providing for the issuance
of bonds may contain such provisions for protecting and...
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23-2-150
Section 23-2-150 Authority to collect tolls, revenues, etc.; to lease to utilities; toll rates
adjusted to conform to trust agreement. The authority is hereby authorized to fix, revise,
charge, and collect tolls for the use of each toll road, bridge or tunnel project and the
different parts or sections thereof, and to contract with, or to lease to or from, any person,
partnership, association or corporation desiring the use of any part thereof, including the
right-of-way adjoining the paved portion of approaches and access highways, streets or roads
for placing thereon telephone, telegraph, electric light or power lines or pipe lines for
gas and water or for petroleum products or for any other purpose except for tracks for railroad
or railway use and to fix the terms, conditions, rents, and rates of charges for such use.
Tolls shall be so fixed and adjusted as to carry out and perform the terms and provisions
of any contract with or for the benefit of bondholders. Tolls shall not be...
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40-18-53
Section 40-18-53 Inspection of returns by federal or foreign state agents. All income tax returns
filed under this chapter, or copies thereof on file with the State Department of Revenue,
shall be open to inspection by officials or duly authorized agents of the Bureau of Internal
Revenue lawfully charged with the administration or enforcement of the federal income tax
law or officials or duly authorized agents lawfully charged with the administration or enforcement
of the income tax laws of any state which allows the State of Alabama or its authorized officials
or agents a like privilege, for the purpose of administration and enforcement of such laws,
subject to the conditions hereinafter included. The inspection shall only be permitted under
such rules and regulations as may be prescribed by the Commissioner of Revenue. (Acts 1951,
No. 848, p. 1478; Acts 1953, No. 207, p. 275.)...
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16-25A-5
Section 16-25A-5 Authorization for health insurance plan; election of optional or supplemental
coverage. (a) The board is hereby empowered and authorized to establish a fully insured or
self-insured health insurance plan for employees and, under certain conditions, retired employees
and to adopt and promulgate rules and regulations for the administration of such plan subject
to such limitations as may be contained in this article. Such plan may provide for group hospitalization,
surgical, medical, cancer, cash indemnity, and dental insurance against the financial costs
of hospitalization, surgical, and medical treatment and care and may also include, among other
things, prescribed drugs, medicines, prosthetic appliances, hospital inpatient and outpatient
service benefits, and hospital/medical expenses indemnity benefits, including major medical
benefits or such other coverage or benefits as may be deemed appropriate and desirable by
the board, within the limits of such funds as may be...
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41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST FUND.
The trust fund of the state created under Amendment 450 to the Constitution of Alabama of
1901, and appearing as §219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-759.
(3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established pursuant
to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued pursuant to
this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement of
economic damages claims of the state against BP Exploration and Production, Inc. and any of
its corporate affiliates arising out of the Deepwater Horizon oil spill...
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