Before any money is remitted by the Commissioner of Agriculture and Industries to the treasurer of an organization or association as authorized under the provisions of this article, the treasurer of said organization shall furnish to the commissioner a bond approved by the commissioner in an amount not less than the estimated quarterly receipts but not more than the estimated annual total amount of the assessment handled by such officer. The surety on said bond shall be a corporate surety company duly qualified and licensed to do business in Alabama, and said bond shall be conditioned upon the faithful handling, proper accounting and properly authorized expenditure of all funds received and disbursed by the principal named in said bond.
Structure Code of Alabama
Chapter 8 - Promotion of Agricultural Industries and Products.
Section 2-8-270 - Legislative Purpose and Intent.
Section 2-8-271 - Authorized Activities Not Illegal or in Restraint of Trade.
Section 2-8-272 - Referendum and Assessments Declared to Be in Public Interest.
Section 2-8-275 - Authority of Certified Association to Conduct Referendum on Assessment.
Section 2-8-276 - Notice of Referendum.
Section 2-8-277 - Conduct of Referendum; Payment of Expense.
Section 2-8-278 - Eligibility to Vote in Referendum; Question to Be Voted On.
Section 2-8-280 - Subsequent Referendums.
Section 2-8-281 - Collection of Assessments; Deductions for Expenses.
Section 2-8-282 - Remission of Collections to Treasurer of Association.
Section 2-8-283 - Refund of Assessment to Purchaser of Catfish Feed.
Section 2-8-284 - Exempt Sales.
Section 2-8-285 - Bond of Treasurer of Association.
Section 2-8-286 - Expenditure of Assessments.
Section 2-8-287 - Joint Programs With Other States.
Section 2-8-289 - Rules and Regulations.
Section 2-8-290 - Enforcement Duties of Commissioner; Revocation of Certification of Association.