§ 16-61A-1 Short title
§ 16-61A-2 Definitions
§ 16-61A-3 Appropriation of expenditures
§ 16-61A-4 Restrictions upon expenditures
§ 16-61A-5 Investment options of fiduciary
§ 16-61A-6 Duties of governing board
§ 16-61A-7 Conformity to standards for fiduciary investment
§ 16-61A-8 Consent of donor; release of restriction

Terms Used In Alabama Code > Title 16 > Chapter 61A

  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • oath: includes affirmation. See Alabama Code 30-3D-608
  • preceding: means next before. See Alabama Code 30-3D-608
  • property: includes both real and personal property. See Alabama Code 30-3D-608
  • Quorum: The number of legislators that must be present to do business.