Alabama § 5-23-5 Rules and Regulations

Alabama Statutes

§ 5-23-5 — Rules and Regulations

Alabama § 5-23-5

Title 5Banks and Financial Institutions

Ch. 23State Sponsorship of Financial Institution Credit Card

This text of Alabama § 5-23-5 (Rules and Regulations) 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 § 5-23-5 (2026).

Text

The State Treasurer is authorized to adopt such rules and regulations as may be necessary to implement the Alabama state-sponsored credit card program. The rules may include, without limitation, provisions governing the procedures for contacting financial institutions to determine if they would accept the state as a sponsoring entity for a credit card program and for negotiating, and collecting, the rate for the state’s fee. The financial institution which administers the program may name or rename the card.

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The State Treasurer is authorized to adopt such rules and regulations as may be necessary to implement the Alabama state-sponsored credit card program. The rules may include, without limitation, provisions governing the procedures for contacting financial institutions to determine if they would accept the state as a sponsoring entity for a credit card program and for negotiating, and collecting, the rate for the state’s fee. The financial institution which administers the program may name or rename the card.