Code of Alabama
Title 16 - Education.
Chapter 61 - Trust Fund for Eminent Scholars.

Section 16-61-1 - Legislative Intent. - The Legislature recognizes that the following public universities in Alabama...

Section 16-61-2 - Establishment; Administration; Funding. - There is hereby established the Alabama Trust Fund for Eminent...

Section 16-61-3 - Raising Funds; Allocation of Matching Funds. - The associated foundations that serve the respective universities shall solicit...

Section 16-61-4 - Challenge Grant Money; Accounting Methods. - Such challenge grants shall be matched by the university's foundation...

Section 16-61-5 - Universities Entitled to Match Appropriated Funds; Basis for Applying for Unmatched Funds. - Each public state university named in Section 16-61-1 is entitled...

Section 16-61-6 - University Foundations to Maintain and Invest Funds; Limitation on Total Amount of Grants Received; Annual Report. - The foundation serving a university shall have the responsibility for...

Section 16-61-7 - Establishment of Endowed Chair. - When the sum of the challenge grant and matching funds...

Section 16-61-8 - Selection Process for Individual to Fill Endowed Chair; Use of Endowment Proceeds. - (a) The president shall be responsible for the final approval...

Section 16-61-9 - Foundation to Enter Into Agreement With University. - The respective university foundation receiving a challenge grant from the...

Section 16-61-10 - Provisions Apply to Future Appropriations. - The provisions of this chapter shall apply to any future...