Section 33-5A-9 - Alabama Abandoned and Derelict Vessel Fund(a) There is established a special fund within the State Treasury to be known as the Alabama Abandoned and Derelict Vessel Fund.(b) The fund shall be placed under the management or administration of the Secretary of the Alabama State Law Enforcement Agency for payment of the cost of implementing and administering this chapter, including, but not limited to, the cost of the seizure, removal, transportation, preservation, storage, advertisement, appraisal, and disposal of an abandoned derelict vessel.(c) The fund shall consist of all moneys collected or received by the secretary pursuant to this chapter and all grants, appropriations, gifts, donations, and other sources for purposes of implementing and administering this chapter.(d) The secretary shall have the authority to expend moneys in the fund in accordance with this chapter.Ala. Code § 33-5A-9 (1975)
Added by Act 2018-179,§ 9, eff. 6/1/2018.