§ 29-9-1 Short title
§ 29-9-2 Definitions
§ 29-9-2.1 New recurring revenue
§ 29-9-3 Fiscal year appropriation cap
§ 29-9-4 Education Trust Fund Budget Stabilization Fund; Education Trust Fund Advancement and Technology Fund
§ 29-9-5 Withdrawals from Education Trust Fund Budget Stabilization Fund
§ 29-9-6 Temporary transfers into Education Trust Fund

Terms Used In Alabama Code > Title 29 > Chapter 9 - Education Trust Fund Rolling Reserve Act

  • authority: A public corporation organized pursuant to this part. See Alabama Code 45-49A-64.01
  • AUTHORIZING MUNICIPALITY: Any municipality the governing body of which shall have adopted an authorizing resolution. See Alabama Code 45-49A-64.01
  • AUTHORIZING RESOLUTION: A resolution, adopted by the governing body of any municipality to which this part applies all in accordance with Section 45-49A-64. See Alabama Code 45-49A-64.01
  • board: The board of directors of an authority. See Alabama Code 45-49A-64.01
  • bonds: Includes bonds, notes, and certificates representing an obligation to pay money. See Alabama Code 45-49A-64.01
  • CHIEF EXECUTIVE OFFICER: With respect to any municipality, the mayor, president of the board of commissioners, or other chief executive officer of such municipality. See Alabama Code 45-49A-64.01
  • county: Any county in the state. See Alabama Code 45-49A-64.01
  • director: A member of the board of directors of the authority. See Alabama Code 45-49A-64.01
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • GOVERNING BODY: Court of county commissioners, board of revenue, or other like governing body with respect to a municipality, its city or town council, board of commissioners, or other like governing body. See Alabama Code 45-49A-64.01
  • Impeachment: (1) The process of calling something into question, as in "impeaching the testimony of a witness." (2) The constitutional process whereby the House of Representatives may "impeach" (accuse of misconduct) high officers of the federal government for trial in the Senate.
  • incorporators: The persons forming a public corporation organized pursuant to this part. See Alabama Code 45-49A-64.01
  • municipality: An incorporated city or town of the state. See Alabama Code 45-49A-64.01
  • person: Unless limited to a natural person by the context in which it is used, includes a public or private corporation, a municipality, a county, or an agency, department, or instrumentality of the state or of a county or municipality. See Alabama Code 45-49A-64.01
  • personal property: includes money, goods, chattels, things in action and evidence of debt, deeds and conveyances. See Alabama Code 1-1-1
  • Personal property: All property that is not real property.
  • PRINCIPAL OFFICE: The place at which the certificate of incorporation and amendments thereto, the bylaws, and the minutes of proceedings of the board of an authority are kept. See Alabama Code 45-49A-64.01
  • property: Includes real and personal property, and interests therein. See Alabama Code 45-49A-64.01
  • PUBLIC TRANSPORTATION SERVICE: Includes all service involved in the transportation of passengers for hire by means of street railway, elevated railway, subway, underground railroad, motor vehicles, or other means of conveyance generally associated with or developed for mass surface or subsurface transportation of the public, but does not include any service involved in transportation by taxicab, airport limousine, or industrial bus. See Alabama Code 45-49A-64.01
  • state: The State of Alabama. See Alabama Code 45-49A-64.01
  • Supplemental appropriation: Budget authority provided in an appropriations act in addition to regular or continuing appropriations already provided. Supplemental appropriations generally are made to cover emergencies, such as disaster relief, or other needs deemed too urgent to be postponed until the enactment of next year's regular appropriations act.
  • TRANSIT SYSTEM: Includes land, plants, systems, facilities, buildings, garages, vehicles of all types, rails, lines, and any combination of any thereof, used or useful or capable of future use in furnishing public transportation service, and all other property deemed necessary or desirable by an authority for use in furnishing public transportation service. See Alabama Code 45-49A-64.01