Code of Alabama
Title 41 - State Government.
Chapter 14 - State Funds Generally.

Article 1 - State Depositaries.

Section 41-14-1 - Designation of State Depositaries. - The Governor may designate any bank or savings association which...

Section 41-14-2 - Application for Designation Action Upon Default or Insolvency. - Before any bank or savings association shall be designated as...

Section 41-14-3 - Certification by Treasurer; Order by Governor. - Upon the filing of such application with the State Treasurer,...

Section 41-14-4 - Transfer or Removal of State Funds to or From State Depositary. - The state may pay any state depositary for the transfer...

Section 41-14-5 - State or County Officers May Deposit State Funds in Depositaries; Maximum Amount of State Funds Which Depositaries May Receive, Etc. - Any state or county officer in this state having in...

Section 41-14-7 - Depositaries to Give Receipts to Officers Making Deposits; Disposition of Copies of Receipts, Etc. - Each state depositary shall give to the officer placing funds...

Section 41-14-8 - Depositaries to Report Daily Deposits to Treasurer; Monthly Statements of Balance in Depositaries to Be Made to Treasurer, Governor, Etc. - Each state depositary shall report in writing at the close...

Section 41-14-9 - Sale of Bonds, etc., Deposited as Security Upon Failure of Depositary to Pay Check, etc., of Treasurer or Account for State Funds Generally. - Repealed effective January 1, 2001, by Act 2000-748, §3.

Section 41-14-10 - Sale Passes Title to Bonds to Purchaser; Registration of Bonds in Name of Purchaser. - THIS SECTION WAS REPEALED BY ACT 2000-748, 2000 REGULAR SESSION,...

Section 41-14-11 - Notice of Intent to Surrender Designation. - Before any voluntary surrender of its designation as a state...

Section 41-14-12 - Withdrawal of Bonds, Securities, etc., by Bank or Trust Company Ceasing, etc., to Act as State Depositary. - THIS SECTION WAS REPEALED BY ACT 2000-748, 2000 REGULAR SESSION,...

Section 41-14-13 - Deposit of State Funds in Depositaries by State or County Officers Not Required by Article. - Nothing in this article shall be construed as requiring county...

Section 41-14-14 - Treasurer May Deposit Funds Received From State or County Officers in State Depositaries. - The Treasurer, by and with the approval of the Governor,...

Section 41-14-15 - Governor, Treasurer, etc., to Establish Regulations and Collection Methods for Transaction of Business With State Depositaries. - The Governor, the Department of Finance and the Treasurer are...

Section 41-14-16 - Penalties for Violations of Provisions of Article. - Any state or county officer, or state depositary or agent...

Article 2 - Deposit of State Funds.

Section 41-14-30 - Deposit of Funds in Qualified Public Depositories; Types of Investments. - (a) The State Treasurer may deposit the money of the...

Section 41-14-31 - Maintenance of Money for Current Operational Expenses; Apportionment of Demand Deposits. - As much money as may be needed for current operational...

Section 41-14-33 - Contracts Covering Time Deposits, Open Account; Early Withdrawal; Apportionment; Payment and Rate of Interest. - (a) The State Treasurer is authorized to enter into contracts...

Section 41-14-34 - How Interest on Time Deposits, Open Account, Calculated and Paid; Emergency Withdrawal of Funds on Time Deposit, Open Account. - (a) Interest shall be calculated on the basis of the...

Section 41-14-35 - Security for Deposits or Accounts. - (a) All public deposits, as defined in Chapter 14A, of...

Section 41-14-36 - Receipt, etc., of Fee, Compensation, etc., for Placement, etc., of State Moneys in Time Deposits, Open Account, Demand Deposits, Etc. - Any person who knowingly demands or receives any fee, compensation...

Section 41-14-37 - Section 36-17-18 Not Affected by Provisions of Article. - Nothing contained in this article shall be construed to modify,...

Section 41-14-38 - Applicability of Provisions of Article. - The provisions of this article shall not apply to funds...

Article 3 - Linked Deposit Program of 2007.

Section 41-14-50 - Short Title; Legislative Intent. - This article shall be known as the Linked Deposit Program...

Section 41-14-51 - Definitions. - When used in this article, the following words and phrases...

Section 41-14-52 - Creation and Administration of Program. - (a) The Linked Deposit Program of 2007 is created and...

Section 41-14-53 - Applications for Loans; Linked Deposit Package. - (a) An eligible lending institution shall accept and review applications...

Section 41-14-54 - Terms of Linked Deposits. - (a) Only one linked deposit shall be made and be...

Section 41-14-55 - Loan Rates. - (a) The linked deposit fixed rate paid by the eligible...

Section 41-14-56 - Liability of State and Treasurer ; Delays in Payments. - (a) Neither the state nor the Treasurer shall be liable...