Code of Alabama - Title 5: Banks and Financial Institutions - Chapter 23 - State Sponsorship of Financial Institution Credit Card

• Section 5-23-1 Definitions
  The following terms shall have the meanings ascribed to them unless the context clearly indicates otherwise: (1) TREASURER. The State Treasurer of Alabama. (2) FINANCIAL...
• Section 5-23-2 State participation in financial institution credit card program; contact with financial institutions
  The State Treasurer is hereby authorized to participate in a financial institution credit card program for the benefit of the state. Within 180 days of...
• Section 5-23-3 Negotiation of state's fee; contracts with financial institutions; use of state seal and insignia
  (a) If the Treasurer determines that the state may be a sponsoring entity for a financial institution credit card, he shall negotiate and contract for...
• Section 5-23-4 Proceeds
  The net proceeds of the state fees shall be transmitted to the state Comptroller and distributed as follows: (1) Seventy-five percent to the Foundation for...
• Section 5-23-5 Rules and regulations
  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...
• Section 5-23-6 Disclosure of information
  It shall be legal and permissible for the financial institution to request and receive from the state Comptroller a listing of all members of the...

Last modified: May 3, 2021