137 chapters · 2,056 sections in this title.
Ala. Code § 16-13-143 When Budget Official; Approval of Funds for Teachers’ Salaries; Changes in Budget; Approval Prerequisite to Receipt of Funds
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(a) A budget shall become official and shall be followed in the matter relating to the financial operation of the schools of any school system when it has been prepared by the superintendent of education and approved by the county or city board of education, as the case may be, i…
Ala. Code § 16-13-144 Prohibition and Penalty for Exceeding Budget; Waiver of Penalty
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(a) No local board of education shall spend or obligate itself to spend more money in any fiscal year than the estimate of income available to that board of education for that year, plus balances on hand at the beginning of the fiscal year, which estimate shall be approved by the…
Ala. Code § 16-13-145 Authority to Borrow Funds Against Revenues of Current Year; Authority to Contract with T.v.a. to Obtain Funds to Improve Energy-Inefficient School Buildings with Approval of State Superintendent
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(a) Any local board of education shall have authority during any fiscal year upon the recommendation of the local superintendent of education, as the case may be, to borrow money in anticipation of the current revenues for that fiscal year and to pledge the current revenues for s…
Ala. Code § 16-13-146 Interest Rate on Current Loans
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County and city boards of education shall have authority to pay interest at a rate not exceeding eight percent per annum on current loans secured in accordance with the provisions of Section 16-13-145. County and city boards of education shall have the right to call upon the Stat…