Code of Alabama - Title 36: Public Officers and Employees - Chapter 17 - State Treasurer

• Section 36-17-1 Bond
  Before entering on the duties of his office, the Treasurer shall execute to the State of Alabama a bond, to be approved by the Governor,...
• Section 36-17-2 Jurisdiction of action upon Treasurer's bond
  In all actions upon the bond of the Treasurer or against the sureties or insurers of such bond, the courts of the State of Alabama...
• Section 36-17-3 Duties generally
  The powers, functions, and duties of the Treasurer shall be: (1) To receive all moneys due the state and deposit them in the proper accounts....
• Section 36-17-4 Chief clerk and other assistants
  (a) The Treasurer may employ a chief clerk and such other assistants as may be necessary for the proper conduct of the business of the...
• Section 36-17-4.1 Additional employee
  The State Treasurer is hereby authorized to hire, without regard to the state Merit System law, one additional employee who shall serve at the pleasure...
• Section 36-17-5 Officers and employees subject to Merit System
  All officers and employees in the office of the Treasurer shall be subject to the provisions of the Merit System.
• Section 36-17-6 Settlement of accounts and delivery of books, etc., on removal or resignation
  If the Treasurer resigns or is removed, he must immediately after such resignation or removal deliver the books, papers and money belonging to the treasury...
• Section 36-17-8 Procedure for drawing money for payment of interest
  (a) Not less than 15 nor more than 30 days before the due date of principal and interest on each of the respective issues of...
• Section 36-17-10 Payment of interest
  It is the duty of the fiscal agent to pay the interest on the bonded indebtedness of the state, upon presentation of the proper coupons...
• Section 36-17-11 When Treasurer not liable for loss in providing for payment of interest
  The Treasurer shall not be liable for any loss or damage sustained by the state in carrying out the provisions of Section 36-17-8, which does...
• Section 36-17-12 Custodian of state bonds, etc., redeemed; registry of paid bonds
  The Treasurer is the custodian of all redeemed bonds and paid coupons of the state which must be cancelled. He must register them in a...
• Section 36-17-13 Recordation of paid and cancelled coupons; destruction of cancelled bonds and coupons
  The Treasurer must enter, in suitable books kept for that purpose, a record of all paid and cancelled coupons of the several classes of coupon...
• Section 36-17-14 Issuance of duplicates of lost or destroyed registered state bonds
  Whenever it shall be made to appear to the Governor, auditor and Treasurer, by clear and satisfactory evidence, that any duly registered bond of the...
• Section 36-17-15 Conversion of coupon bonds into registered bonds and vice versa
  (a) All bonds of the State of Alabama of every kind and character heretofore issued which constitute a direct obligation of the State of Alabama,...
• Section 36-17-16 Destruction of cancelled state warrants and journals relating thereto
  The State Treasurer may, in his discretion, destroy, or cause to be destroyed, any cancelled state warrants at any time after the expiration of one...
• Section 36-17-17 Special trustee of state sinking funds
  Sinking funds are trust funds for the equitable use and benefit of the holders and owners of the state bonds or obligations for the payment...
• Section 36-17-18 Investment of surplus state funds in obligations of United States and State of Israel
  (a) The State Treasurer is authorized and empowered, in his or her discretion, with the written approval of the Governor, to invest funds held in...
• Section 36-17-19 Bonds, etc., to be deposited with Treasurer and payments made to Treasurer
  All bonds and other securities for money belonging to the state or under the control thereof are to be deposited with the Treasurer, and all...
• Section 36-17-20 State Treasury Operations Fund
  (a) There is hereby created in the state treasury a special fund to be known as the State Treasury Operations Fund, which shall be used...

Last modified: May 3, 2021