Alabama Statutes

§ 45-44-150.14 — Disposition of Funds

Alabama § 45-44-150.14
JurisdictionAlabama
Title 45Local Laws
Ch. 44Macon County
Art. 15Gambling
Part 1Macon County Racing Commission

This text of Alabama § 45-44-150.14 (Disposition of Funds) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ala. Code § 45-44-150.14 (2026).

Text

(a)All fees, commissions, taxes, and other monies, including fines and forfeitures, received under this part shall be paid to the treasurer of the racing commission. All such monies remaining after payment of expenses incurred in the administration of this part shall be distributed as provided by law within 15 days following the quarterly receipt thereof. The Macon County Racing Commission shall then distribute such net proceeds on a quarterly basis as follows:
(1)The first 51 percent of such net proceeds shall be distributed to the Macon County Board of Education as follows: a. Fifty-one percent of the 51 percent shall go to the general fund of the Macon County Board of Education to be used as they shall see fit. b. The remaining 49 percent of the 51 percent shall be used exclusively fo

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Legislative History

(Act 83-575, p. 882, § 15; Act 87-207, p. 295, § 2; Act 97-560, p. 994, § 1; Act 97-602, p. 1061, § 1; Act 97-884, 1st Sp. Sess., p. 238, § 1.)

Nearby Sections

15
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Bluebook (online)
Alabama § 45-44-150.14, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/45-44-150.14.