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FND.6Allowable & Unallowable CostsAlabama's Advancement and Technology Fund may support one-time expenditures for deferred maintenance, facility repair or improvement, school transportation, education technology, and insurance for public education facilities.
Alabama State Profile (2025), printed p. 28 · Program: Advancement and Technology Fund · Ala. Code § 29-9-4
Property insured through Alabama's State Insurance Fund is required to be covered on a replacement-cost basis.
Alabama State Profile (2025), printed p. 30 · Program: State Insurance Fund · Ala. Code § 41-15-4(a)
Premiums paid into Alabama's State Insurance Fund are maintained in a separate trust account and may be used only for claims, administrative expenses, and fund management.
Alabama State Profile (2025), printed p. 29–30 · Program: State Insurance Fund · Ala. Code § 41-15-10
The Alabama Division of Risk Management administers the State Insurance Fund, which provides property insurance coverage that includes public K-12 school buildings.
Alabama State Profile (2025), printed p. 29–30 · Program: State Insurance Fund · Ala. Code §§ 41-15-1 through 41-15-12
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CMP.8Facility AssessmentThe Alabama Department of Risk Management conducts facility inspections for properties insured by the State Insurance Fund, and the Director of Finance is authorized to inspect insured property to determine adequacy of coverage and assess exposure to loss.
Alabama State Profile (2025), printed p. 33 · Ala. Code § 41-15-3