(a) On a semiannual basis, the State Fire Marshal shall transfer from the State Fire Marshal’s Fund to the Alabama Firefighters Annuity and Benefit Fund established pursuant to Section 36-21-185, an amount equal to 5 percent of the fees collected by the State Fire Marshal during the previous six months pursuant to Sections 8-17-211 and 8-17-216.1, as currently provided or as those fees may be hereafter adjusted.
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Terms Used In Alabama Code 36-19-32

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • 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
(b) The deposit of any funds in the State Fire Marshal’s Fund and the expenditure of any funds from the State Fire Marshal’s Fund prior to July 12, 2021, are ratified and confirmed.
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