Code of Alabama
Title 41 - State Government.
Chapter 14A - Security for Public Deposits.

Section 41-14A-1 - Short Title. - This chapter may be cited as the "Security for Alabama...

Section 41-14A-2 - Definitions. - As used in this chapter, the following words and terms...

Section 41-14A-3 - Public Deposits to Be Secured; Exemptions. - (a) On and after January 1, 2001: (1) All public...

Section 41-14A-4 - Establishment of Security for Alabama Funds Enhancement Program; Powers and Duties of the State Treasurer Relating to the Program; Tax Exemption for Funds Maintained by State Treasurer Pursuant to Chapter. - There is hereby created the Security for Alabama Funds Enhancement...

Section 41-14A-5 - Collateral for Public Deposits; General Provisions. - (a) Every qualified public depository shall maintain on deposit with...

Section 41-14A-6 - Establishment of Safe Board of Directors; Powers and Duties of the Board of Directors. - (a) There is hereby established a Board of Directors of...

Section 41-14A-7 - Disciplinary Actions Against Qualified Public Depositories for Violations of This Chapter. - (a) The board of directors shall have the authority to...

Section 41-14A-8 - Contingent Liability. - Every qualified public depository that is solvent shall guarantee public...

Section 41-14A-9 - Procedures for Payment of Losses. - (a) When the State Treasurer becomes aware that a default...

Section 41-14A-10 - Safe Loss Payment Fund. - (a) In order to facilitate the administration of this chapter,...

Section 41-14A-11 - Liability of Public Depositors and the State. - (a) When public deposits are made in accordance with this...

Section 41-14A-12 - Disposition of Funds. - (a) The amounts in the State Treasury Operations Fund shall...

Section 41-14A-13 - Establishment of Program Enforcement Fund. - There is hereby created a SAFE Program Enforcement Fund, which...

Section 41-14A-14 - Audit by Examiner of Public Accounts. - The SAFE Program shall be audited annually by the Examiners...