Code of Alabama
Article 1 - General Provisions.
Section 41-4-14 - Use of Funds in Sinking Fund - Books to Be Kept Showing Full Entries as to Sinking Fund.

The Director of Finance shall keep a separate book in which separate and full entries shall be made as to all deposits of sinking funds, which entries shall show with what bank deposited, or from whom bonds or other obligations are purchased and the terms of the deposit or the purchase. In the event any sinking fund is used for the purchase of any interest-bearing bonds or other obligations of the state, the book entries shall show the amount of the funds so used and from whom the bonds or obligations were purchased. In the event any sinking fund or part thereof is used for the purchase of any bond or obligation under Section 41-4-12, for which the particular sinking fund so used was intended and created, which is authorized to be cancelled and retired when so purchased, the book entries shall show the particular fund so used, the amount thereof and the time, character and denomination of the bond, coupon or other obligation so purchased, which is authorized to be cancelled, destroyed and retired, together with the necessary and proper entry as is hereinbefore provided, showing when such bonds, coupons or obligations were cancelled, destroyed or retired.

Structure Code of Alabama

Code of Alabama

Title 41 - State Government.

Chapter 4 - Department of Finance.

Article 1 - General Provisions.

Section 41-4-1 - Definitions.

Section 41-4-2 - General Purpose of Department; Seal.

Section 41-4-3 - Duties of Department Generally.

Section 41-4-3.1 - Monthly Reports on Condition of General Fund and Education Trust Fund.

Section 41-4-4 - Certain Appropriations to Be Expended by Department.

Section 41-4-5 - Appointment of Employees; Officers and Employees Subject to Merit System.

Section 41-4-6 - Oath of Office and Full-Time Service of Officers and Chiefs of Divisions.

Section 41-4-7 - Bonds of Comptroller, Purchasing Agent, Chiefs of Divisions of Department, Etc.

Section 41-4-9 - Grants Received From the Federal Government.

Section 41-4-8 - Powers and Duties of Department as to Educational and Eleemosynary Institutions.

Section 41-4-10 - Use of Funds in Sinking Fund - Purchase and Holding in Trust of State Bonds.

Section 41-4-11 - Use of Funds in Sinking Fund - Sale of Bonds; Reinvestment of Funds; Cancellation of Paid Bonds.

Section 41-4-12 - Use of Funds in Sinking Fund - Purchase of State Bonds in Lieu of Use of Sinking Fund; Cancellation and Destruction of Bonds Purchased.

Section 41-4-13 - Use of Funds in Sinking Fund - Deposit of Funds in Savings Banks.

Section 41-4-14 - Use of Funds in Sinking Fund - Books to Be Kept Showing Full Entries as to Sinking Fund.

Section 41-4-15 - Use of Funds in Sinking Fund - Sinking Fund Not to Be Diverted From Its Object.

Section 41-4-16 - Consent of Department Prerequisite to Issuance of Securities by State Commissions, Authorities, etc.; Exceptions.

Section 41-4-17 - Rent Charged for Use of State Buildings in Capitol Complex; Fund for Operation, Maintenance, Etc.

Section 41-4-18 - Inventory of Facilities and Lands Owned, Leased, Rented, etc., by Certain State Entities.