Whenever any property, money or thing of value is donated to be used for the benefit of the public schools of this state, the State Board of Education shall have power to administer such trusts as it deems to the best interest of the school or schools for the benefit of which the donation or gift is made. The board of education is given complete control of such property and may sell, lease or otherwise dispose of the property as it deems to the best interest of the school or schools for the benefit of which such property is donated; or the board of education may convert the same into securities for handling the property or proceeds therefrom as in its discretion will best promote the purpose of the trust.
Structure Code of Alabama
Chapter 3 - State Board of Education.
Section 16-3-1 - Composition; Election; Term of Office.
Section 16-3-1.1 - State Board of Education Districts; Official Maps.
Section 16-3-3 - Qualifications of Members.
Section 16-3-4 - Removal of Members.
Section 16-3-6 - Oath of Office.
Section 16-3-8 - Compensation of Members.
Section 16-3-9 - Expense Allowance for Members.
Section 16-3-10 - Compensation of Employees Subject to the Merit System.
Section 16-3-11 - Powers Generally.
Section 16-3-12 - Rules and Regulations - Generally.
Section 16-3-13 - Rules and Regulations - Necessary to Make Effective the Law's Purpose.
Section 16-3-14 - Grading and Standardizing Schools.
Section 16-3-16 - Teachers' Training and Certification; Reciprocity.
Section 16-3-17 - Educational Needs Investigated.
Section 16-3-17.3 - Flexible School Terms.
Section 16-3-18 - Vocational Education.
Section 16-3-19 - Acceptance of Federal Funds by Board.
Section 16-3-20 - Supervision of Educational Work of Special Institutions.
Section 16-3-21 - Annual Report.
Section 16-3-22 - Recommendations of Legislation.
Section 16-3-24 - Oaths of Agents; Examination of Witnesses.
Section 16-3-25 - Removal of Appointees; Filling of Vacancies in Office of Appointees.
Section 16-3-26 - Property Control.
Section 16-3-27 - Review of Local Actions by State Superintendent.
Section 16-3-29 - Donations Held for Schools.
Section 16-3-30 - Administration of Gifts and Donations.
Section 16-3-31 - Gifts May Be Accepted on Conditions.
Section 16-3-37 - Naming or Designating Institutions of Higher Learning.