Alabama Code 41-6-50. Establishment; certain gifts or donations of money to be deposited in State Treasury in said fund
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 41-6-50
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
Whenever any gift or donation of money to the Department of Archives and History is in an amount not exceeding $100.00 or whenever the donor thereof, regardless of the amount of the gift, requests that such gift be used for a specified purpose and such purpose is a purpose approved by the board of trustees of such department and whenever the donor designates the gift as a memorial gift, such money shall be deposited in the State Treasury in a special fund designated “Memorial Fund – Department of Archives and History,” which fund is hereby established.