# Ala. Code § 41-14A-4: Section 41-14A-4 Establishment of Security for Alabama Funds Enhancement Program; Powers and Duties of the State Treasurer Relating to the Program; Tax Exemption for Funds Maintained by State Treasurer Pursuant to Chapter

> Alabama · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-4

## Section

- **Citation:** Ala. Code § 41-14A-4
- **Heading:** Section 41-14A-4 Establishment of Security for Alabama Funds Enhancement Program; Powers and Duties of the State Treasurer Relating to the Program; Tax Exemption for Funds Maintained by State Treasurer Pursuant to Chapter
- **Jurisdiction:** Alabama
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Alabama Code / Title 41 / Chapter 14A / Section 41-14A-4

## Text

There is hereby created the Security for Alabama Funds Enhancement (SAFE) Program. The SAFE Program shall be administered by the State Treasurer in accordance with the provisions of this chapter and rules, regulations, and guidelines established by the board of directors of the SAFE Program pursuant to Section 41-14A-6. The facilities and resources of the State Treasurer’s office shall be used and employed in the administration of the SAFE Program including the keeping of records and the management of funds and accounts.

In addition to all other powers and responsibilities assigned or undertaken by the State Treasurer under this chapter, the State Treasurer shall be authorized to undertake such powers and responsibilities as shall be delegated to the State Treasurer by the Board of Directors of the SAFE Program.

The Loss Payment Fund, the Program Administration Fund, the Program Enforcement Fund, and any other funds and accounts maintained by the State Treasurer pursuant to this chapter, and all interest and earnings from the investment thereof, shall be exempt from all taxation by the state and by all of its political subdivisions.

## Nearby sections

- [Ala. Code § 41-14A-1 Section 41-14A-1 Short Title](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-1.md)
- [Ala. Code § 41-14A-2 Section 41-14A-2 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-2.md)
- [Ala. Code § 41-14A-3 Section 41-14A-3 Public Deposits to Be Secured; Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-3.md)
- [Ala. Code § 41-14A-4 Section 41-14A-4 Establishment of Security for Alabama Funds Enhancement Program; Powers and Duties of the State Treasurer Relating to the Program; Tax Exemption for Funds Maintained by State Treasurer Pursuant to Chapter](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-4.md)
- [Ala. Code § 41-14A-5 Section 41-14A-5 Collateral for Public Deposits; General Provisions](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-5.md)
- [Ala. Code § 41-14A-6 Section 41-14A-6 Establishment of Safe Board of Directors; Powers and Duties](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-6.md)
- [Ala. Code § 41-14A-7 Section 41-14A-7 Disciplinary Actions Against Qualified Public Depositories for Violations of This Chapter](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-7.md)
- [Ala. Code § 41-14A-8 Section 41-14A-8 Contingent Liability](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-8.md)
- [Ala. Code § 41-14A-9 Section 41-14A-9 Procedures for Payment of Losses](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-9.md)
- [Ala. Code § 41-14A-10 Section 41-14A-10 Safe Loss Payment Fund](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-10.md)
- [Ala. Code § 41-14A-11 Section 41-14A-11 Liability of Public Depositors and the State](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-11.md)
- [Ala. Code § 41-14A-12 Section 41-14A-12 Disposition of Funds](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-12.md)
- [Ala. Code § 41-14A-13 Section 41-14A-13 Establishment of Program Enforcement Fund](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-13.md)
- [Ala. Code § 41-14A-14 Section 41-14A-14 Audit by Examiner of Public Accounts](https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AL_T41_C14A_S41-14A-4. Check the current official text before relying on it. Not legal advice.