Sinking funds are trust funds for the equitable use and benefit of the holders and owners of the state bonds or obligations for the payment of which the sinking funds were created. The Treasurer is special trustee for the care and custody of such sinking funds after they are paid into the State Treasury. It shall be the duty of the Treasurer to take charge of, keep safely and handle the funds coming into said sinking funds.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Section 36-17-2 - Jurisdiction of Action Upon Treasurer's Bond.
Section 36-17-3 - Duties Generally.
Section 36-17-4 - Chief Clerk and Other Assistants.
Section 36-17-4.1 - Additional Employee.
Section 36-17-5 - Officers and Employees Subject to Merit System.
Section 36-17-6 - Settlement of Accounts and Delivery of Books, etc., on Removal or Resignation.
Section 36-17-8 - Procedure for Drawing Money for Payment of Interest.
Section 36-17-10 - Payment of Interest.
Section 36-17-11 - When Treasurer Not Liable for Loss in Providing for Payment of Interest.
Section 36-17-12 - Custodian of State Bonds, etc., Redeemed; Registry of Paid Bonds.
Section 36-17-14 - Issuance of Duplicates of Lost or Destroyed Registered State Bonds.
Section 36-17-15 - Conversion of Coupon Bonds Into Registered Bonds and Vice Versa.
Section 36-17-16 - Destruction of Cancelled State Warrants and Journals Relating Thereto.
Section 36-17-17 - Special Trustee of State Sinking Funds.
Section 36-17-19 - Bonds, etc., to Be Deposited With Treasurer and Payments Made to Treasurer.