There is a newer version of the Code of Alabama
2006 Alabama Code - Chapter 14 — STATE FUNDS GENERALLY.
Article 1 State Depositaries.
- Section 41-14-1 — Designation of state depositories.
- Section 41-14-2 — Application for designation action upon default or insolvency.
- Section 41-14-3 — Certification by Treasurer; order by Governor.
- Section 41-14-4 — Designation of depositaries and transfer or removal of state funds to or from same to be without cost, expense or risk to state.
- Section 41-14-5 — State or county officers may deposit state funds in depositaries; maximum amount of state funds which depositaries may receive, etc.
- Section 41-14-7 — Depositaries to give receipts to officers making deposits; disposition of copies of receipts, etc.
- Section 41-14-8 — Depositaries to report daily deposits to Treasurer; monthly statements of balance in depositaries to be made to Treasurer, Governor, etc.
- Section 41-14-9 — Sale of bonds, etc., deposited as security upon failure of depositary to pay check, etc., of treasurer or account for state funds generally.
- Section 41-14-10 — Sale passes title to bonds to purchaser; registration of bonds in name of purchaser.
- Section 41-14-11 — Notice of intent to surrender designation.
- Section 41-14-12 — Withdrawal of bonds, securities, etc., by bank or trust company ceasing, etc., to act as state depositary.
- Section 41-14-13 — Deposit of state funds in depositaries by state or county officers not required by article.
- Section 41-14-14 — Treasurer may deposit funds received from state or county officers in state depositaries.
- Section 41-14-15 — Governor, Treasurer, etc., to establish regulations and collection methods for transaction of business with state depositaries.
- Section 41-14-16 — Penalties for violations of provisions of article.
Article 2 Deposit of State Funds.
- Section 41-14-30 — Deposit of funds in qualified public depositories; investment in certain bonds, etc.
- Section 41-14-31 — Moneys for current operational expenses to be maintained in Treasury in cash or in demand deposits in state depositaries; apportionment of demand deposits among state depositaries.
- Section 41-14-33 — Execution by State Treasurer of contracts with state depositories covering time deposits, open account; early withdrawal; payment and rate of interest.
- Section 41-14-34 — How interest on time deposits, open account, calculated and paid; emergency withdrawal of funds on time deposit, open account.
- Section 41-14-35 — Security for deposits or accounts.
- Section 41-14-36 — Receipt, etc., of fee, compensation, etc., for placement, etc., of state moneys in time deposits, open account, demand deposits, etc.
- Section 41-14-37 — Section 36-17-18 not affected by provisions of article.
- Section 41-14-38 — Applicability of provisions of article.
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.