Upon the filing of such application with the State Treasurer, the Treasurer shall certify to the Governor the fact of such application and the sworn statement accompanying the same, and thereupon the Governor may designate the applicant as a state depositary.
In the event the application is granted by the Governor, he shall promulgate an order declaring that the applicant is a state depositary until its authority is revoked.
Structure Code of Alabama
Chapter 14 - State Funds Generally.
Article 1 - State Depositaries.
Section 41-14-1 - Designation of State Depositaries.
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 - Transfer or Removal of State Funds to or From State Depositary.
Section 41-14-11 - Notice of Intent to Surrender Designation.
Section 41-14-16 - Penalties for Violations of Provisions of Article.