Title 16 — Title 16
0 chapters · 2,179 sections in this title.
Ala. Code § 16-61-1 Legislative Intent
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The Legislature recognizes that the following public universities in Alabama which grant baccalaureate degrees and are independently accredited by the Southern Association of Colleges and Schools - the University of Alabama in Huntsville, the University of Alabama in Birmingham, …
Ala. Code § 16-61-10 Provisions Apply to Future Appropriations
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The provisions of this chapter shall apply to any future appropriations made by the Legislature for the Eminent Scholars Program. History: (Acts 1985, No. 85-759, p. 1265, §10.)
Ala. Code § 16-61-2 Establishment; Administration; Funding
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There is hereby established the Alabama Trust Fund for Eminent Scholars to provide challenge grants to the public state universities in Alabama named in Section 16-61-1. The trust fund shall be administered by the Alabama Commission on Higher Education in accordance with the guid…
Ala. Code § 16-61-3 Raising Funds; Allocation of Matching Funds
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The associated foundations that serve the respective universities shall solicit and receive contributions, from sources other than state appropriations, student fees, federal funds, research grants and any interest earned thereon, to provide funds to match the Alabama Trust Fund …
Ala. Code § 16-61-4 Challenge Grant Money; Accounting Methods
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Such challenge grants shall be matched by the university’s foundation on a basis of $3.00 of contributions and accrued interest thereon, received by said university’s foundation for every $2.00 in challenge grant money from the Alabama Trust Fund for Eminent Scholars. Matching fu…
Ala. Code § 16-61-5 Universities Entitled to Match Appropriated Funds; Basis for Applying for
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Unmatched Funds. Each public state university named in Section 16-61-1 is entitled to match an equal share of the total moneys appropriated to the Alabama Eminent Scholars Trust Fund prior to September 30, 1987, or for two years after any subsequent appropriation made by the Legi…
Ala. Code § 16-61-6 University Foundations to Maintain and Invest Funds; Limitation on Total
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Amount of Grants Received; Annual Report. The foundation serving a university shall have the responsibility for the maintenance and investment of its fund and for the administration of the program at that university. The governing board of each foundation shall be responsible for…
Ala. Code § 16-61-7 Establishment of Endowed Chair
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When the sum of the challenge grant and matching funds reaches $1,000,000.00 the foundation and the president of the university may recommend, to the board of trustees of the university for its approval, the establishment of an endowed chair. The board of trustees must approve th…
Ala. Code § 16-61-8 Selection Process for Individual to Fill Endowed Chair; Use of
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Endowment Proceeds. (a) The president shall be responsible for the final approval of criteria to be used in the selection process for the individual to fill the endowed chair. (b) The president of the university shall nominate individuals for consideration as candidates, or indiv…
Ala. Code § 16-61-9 Foundation to Enter into Agreement with University
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The respective university foundation receiving a challenge grant from the Alabama Trust Fund for Eminent Scholars shall enter into a written agreement with its university to provide from the earnings from its Eminent Scholars Trust Fund an amount not to exceed said earnings which…