Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-23-5 - Rules and regulations

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 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.)

Last modified: May 3, 2021