When depositing funds in interest-bearing accounts, the clerk or register shall seek to obtain the maximum return available, taking into consideration administrative charges made by the depository and the services provided to the clerk or register on such accounts. The clerk or register shall also evaluate whether any service, maintenance, or ancillary charges made by a depository on any account utilized in the clerk or register's official capacity exceeds the potential earnings. If the clerk or register determines that the administrative costs that will be imposed by the depository on any account or on any funds to be deposited at interest exceed the potential earnings thereon, then the clerk or register, in his or her discretion, may maintain such funds in a non-interest bearing account in the depository; provided, however, that this discretion shall not apply to funds that are deposited pursuant to an order of the trial court.
The Chief Justice shall have authority to review administrative decisions not to place funds in interest-bearing accounts and may assist the clerk or register in developing an investment plan consistent with this rule that should provide interest income to the State General Fund.
Ala. R. Jud. Admin. 4
Comment
The designation of approved state depositories is set forth in Ala. Code 1975, section 41-14-1, et seq.
The enumerated duties are supplemental to statutory duties of clerks and registers.
Committee Comments to Amendment to Rule 4.I(C)
Effective October 1, 2016
The amendment provides that attorneys or parties to a court proceeding who are entitled to receive notice by first-class mail may receive that notice by electronic means and establishes a procedure by which a party can elect to receive notices by electronic means and rescind such notice. All attorneys licensed to practice law in Alabama are required to be "registered users" of the Alabama Judicial System's electronic-filing system. If the attorney for the party to receive notice is a registered user of the electronic-filing system as provided for by order or rules of the Supreme Court of Alabama, service of the notice may be made by electronic transmittal in accordance with any such order or rules.
Note from the reporter of decisions: The order amending Rule 4.I(C), Ala. R. Jud. Admin., effective October 1, 2016, and adopting the committee comments to the amendment is published in that volume of Alabama Reporter that contains Alabama cases from ___ So. 3d.