The boards of trustees of public, four-year institutions of higher learning in this state shall be jointly responsible for filing an annual report on the status of the trust. The report shall be filed with the State Treasurer no later than May 1 of each year, and shall cover the most recently ended plan, year ending on December 31. The report as specified herein shall include the following:

(1) Year-end financial statements including auditor’s statements when available;
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Terms Used In Alabama Code 16-25B-5

  • following: means next after. See Alabama Code 1-1-1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1
(2) Reports detailing contributions, and any earnings received by the trust;
(3) Reports listing each participating state employee’s contributions made to the trust for the calendar year which were deducted from such employees’ compensation;
(4) Status reports relative to total participation in the trust;
(5) Copies of any amendments made to the plan; and
(6) Publications by the trust’s administrator to the members and/or other interested parties.
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