The State Treasurer is authorized to adopt such rules and regulations as may be necessary to implement the Alabama state-sponsored credit card program. The rules may include, without limitation, provisions governing the procedures for contacting financial institutions to determine if they would accept the state as a sponsoring entity for a credit card program and for negotiating, and collecting, the rate for the state’s fee. The financial institution which administers the program may name or rename the card.
(Acts 1990, No. 90-524, p. 764, §6; Act 98-319, p. 535, §12.)
Terms Used In Alabama Code 5-23-5
- 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