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11-54-130
Section 11-54-130 Investment committee. (a) There shall be, with respect to an endowment trust
fund, one investment committee consisting of the following: (1) Not less than two members
of the directors, each of whom shall serve ex officio during his or her term of office as
a member of the directors, and each of whom shall be elected by the directors. (2) Not more
than five additional persons, each of whom shall serve as a member of such investment committee
for such term of office as shall be prescribed in the authorizing resolution, and shall be
elected by the directors, either (i) from nominations made by any trade organization under
contract to the board with respect to such fund, or (ii) if no such contract exists, from
the membership of one or more trade organizations, or (iii) if no such trade organization
exists, as the board deems advisable. (b) The investment committee shall elect, from among
its members, such officers as it shall deem necessary or desirable, and the...
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14-8-2
Section 14-8-2 Authority to adopt regulations and policies to implement program. (a) The board
is authorized to adopt regulations and policies permitting the commissioner to extend the
limits of the place of confinement of an inmate, as to whom there is reasonable cause to believe
he will know his trust, by authorizing him, under prescribed conditions, to leave the confines
of that place unaccompanied by a custodial agent for a prescribed period of time to work at
paid employment while continuing as an inmate of the institution or facility in which he shall
be confined except during the hours of his employment or seeking of employment and traveling
thereto and therefrom. Inmates shall participate in paid employment at the discretion of the
board. (b) The board may adopt regulations as to the eligibility of those inmates who are
classified as minimum security risks for the extension of confinement or the entering into
agreement between the board and any city, county or federal agency...
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34-9-7
Section 34-9-7 Exemption of certain practices and operations. (a) Nothing in this chapter shall
apply to the following practices, acts, and operations: (1) The practice of his or her profession
by a physician or surgeon holding a certificate of qualification as a medical doctor and licensed
as such under the laws of this state, provided he or she shall not practice dentistry as a
specialty. (2) The practice of dentistry in the discharge of their official duties by graduate
dentists or dental surgeons in the United States Army, Navy, Air Force, or other armed services,
public health service including, but not limited to, a federally qualified health center authorized
and operating under Section 330 of the Public Health Service Act (42 U.S.C. § 254B), provided,
however, that such federally qualified health centers shall register pursuant to Section 34-9-7.2
(provided further however, dentists, dental hygienists, and other personnel employed by any
public health service which performs...
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40-20-50
Section 40-20-50 Collection of severance taxes; deposit into fund; distribution of investment
income; trustees; escrow agents; limitations. Any laws or parts of laws to the contrary notwithstanding,
any annual privilege tax levied upon persons engaging in the business of producing or severing
oil or gas or other hydrocarbons from the soil or waters of this state measured by the gross
value of such oil or gas or other hydrocarbons and which tax is applicable only in a particular
county and under which collections were being made on January 1, 1987, or which shall hereafter
be levied pursuant to legislative act, shall be continued and collected only as herein prescribed:
(1) All revenues collected from such local severance taxes shall, beginning the first day
of the month following August 3, 1987, be paid into the general fund of the county exclusively
for transfer and deposit into a trust fund hereby established until the total sum of $15,000,000
in severance tax revenues of the type...
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11-50-192
Section 11-50-192 Agreements. The municipality making any such conveyance and the municipality
to which such conveyance is to be made are hereby authorized to enter into any agreements
which they may deem necessary or appropriate in order to effectuate such transfer and may
include in the instrument of transfer any conditions or stipulations deemed advisable by their
respective governing bodies and authorized by ordinance or resolution adopted by the governing
body of each such municipality. Nothing contained in this article shall be construed to authorize
any municipality to convey any system or systems or part thereof so as to vest title thereto
in private ownership and control; provided, that title to any system or systems or part thereof
may be subjected to a mortgage, deed of trust, or pledge agreement as security for repayment
of money borrowed by the municipality to which such conveyance is made. (Acts 1975, No. 831,
§3.)...
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16-33C-6
Section 16-33C-6 PACT Program generally. (a) The PACT Program is established as one college
savings alternative under the plan whereby purchasers enter into PACT contracts for the future
payment of tuition and mandatory fees at eligible educational institutions. The PACT Program
includes the PACT Trust Fund and the PACT Administrative Fund created pursuant to this chapter.
(b) The official location of the trust fund shall be the State Treasurer's office, and the
facilities of the State Treasurer shall be used and employed in the administration of the
fund including, but without limitation thereto, the keeping of records, the management of
bank accounts and other investments, the transfer of funds, and the safekeeping of securities
evidencing investments. The PACT Trust Fund is hereby created as the source for payment of
the PACT Program's obligations under PACT contracts. The amounts on deposit in the PACT Trust
Fund shall not constitute property of the state, and the state may have no...
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27-10-26
Section 27-10-26 Eligibility of insurers for placement of surplus line insurance. (a) A surplus
line broker shall not knowingly place surplus line insurance with an insurer that is unsound
financially, or that is ineligible under this section. The broker shall ascertain the financial
condition of the unauthorized insurer before placing insurance therewith. (b) The broker shall
not so insure with any of the following: (1) With any insurer which is not an authorized insurer
in at least one state of the United States for the kind of insurance involved, and with capital
or surplus, or both, amounting to at least five million dollars ($5,000,000); or guaranteed
trust fund amounting to at least five million dollars ($5,000,000). (2) With an alien insurer
not authorized to transact insurance in at least one state of the United States, unless the
insurer shall have established an effective trust fund of at least two million five hundred
thousand dollars ($2,500,000) within the United States...
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36-28-8
Section 36-28-8 Contribution Fund. (a) There is hereby established a special fund to be known
as the Contribution Fund. Such fund shall consist of and there shall be deposited in such
fund: (1) All contributions, interest and penalties collected under Sections 36-28-5 and 36-28-7;
(2) All moneys appropriated thereto under this chapter; (3) Any property or securities and
earnings thereof acquired through the use of moneys belonging to the fund; (4) Interest earned
upon any moneys in the fund; and (5) All sums recovered upon the bond of the custodian or
otherwise for losses sustained by the fund and all other moneys received for the fund from
any other source. All moneys in the fund shall be mingled and undivided. Subject to the provisions
of this chapter, the state Comptroller is vested with full power, authority and jurisdiction
over the fund, including all moneys and property or securities belonging thereto, and may
perform any and all acts whether or not specifically designated,...
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41-10-234
Section 41-10-234 Agreements with City of Prichard as to development, administration, etc.,
of park. The Governor is authorized to enter into agreements with the City of Prichard for
supervision and maintenance of the park and for construction on a portion of the land as authorized,
certain administrative facilities including the Institute of Ethnic Science and Technology,
a visitor's center, museum, theatre, library and other facilities including a zoo for the
interpretation of the historical-cultural features of the park and area and the cultural technology
employed. Such park shall be developed, administered and maintained by the City of Prichard
through agreement with the State of Alabama and by standards of interpretation and scientific
management for state parks. Nothing in this section precludes the City of Prichard from entering
into contracts with private sector and public sector agencies to carry out the provisions
of this section. The mayor of the City of Prichard is hereby...
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5-7A-43
Section 5-7A-43 Continuation of identity, obligations, etc., of state bank. Upon such conversion,
merger or consolidation becoming effective, the national bank shall be deemed to be a continuation
of the entity and of the identity of the state bank and all the rights, obligations and relations
of the state bank to or in respect to any person, estate, creditor, depositor, trustee or
beneficiary of any trust and in, or in respect to, any executorship or trusteeship or other
trust or fiduciary function shall remain unimpaired. The national bank, as of the time of
the taking effect of such conversion, merger or consolidation shall succeed to all such rights,
obligations, relations and trusts and the duties and liabilities connected therewith and shall
execute and perform each and every such trust or relation in the same manner as if the national
bank had itself assumed the trust or relation, including the obligations and liabilities connected
therewith. If the state bank is acting as...
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