Code of Alabama

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45-17-91.23
Section 45-17-91.23 Creation of Shoals Economic Development Fund; purposes for which moneys
in such fund may be expended. (a) There is created the Shoals Economic Development Fund, which
shall be a special or trust fund or account of the committee, and which shall be administered
in accordance with this subpart. (b)(1) The authority may, at any time and from time to time,
request that the committee authorize and approve the expenditure or appropriation of moneys
on deposit in the Shoals Economic Development Fund, but solely for purposes authorized in
subsection (c). Any such request may specify that such moneys shall be expended by, or appropriated
directly or indirectly to, any of the following: a. The authority itself. b. Either of the
counties, or any city or town located, in whole or in part, in either of the counties. c.
Any public corporation that has been organized with the approval or consent of any one or
more of the counties, the municipalities, or any other city or town in...
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33-18-1
Section 33-18-1 Alabama-Coosa-Tallapoosa River Basin Compact. The State of Alabama hereby agrees
to the following interstate compact known as the Alabama-Coosa-Tallapoosa River Basin Compact:
Alabama-Coosa-Tallapoosa River Basin Compact The States of Alabama and Georgia and the United
States of America hereby agree to the following compact which shall become effective upon
enactment of concurrent legislation by each respective state legislature and the Congress
of the United States. Short Title This act shall be known and may be cited as the "Alabama-Coosa-Tallapoosa
River Basin Compact" and shall be referred to hereafter in this document as the "ACT
Compact" or "compact." Article I Compact Purposes This compact among the States
of Alabama and Georgia and the United States of America has been entered into for the purposes
of promoting interstate comity, removing causes of present and future controversies, equitably
apportioning the surface waters of the ACT, engaging in water planning,...
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33-19-1
Section 33-19-1 Apalachicola-Chattahoochee-Flint River Basin Compact. The State of Alabama
hereby agrees to the following interstate compact known as the Apalachicola-Chattahoochee-Flint
River Basin Compact: Apalachicola-Chattahoochee-Flint River Basin Compact The States of Alabama,
Florida and Georgia and the United States of America hereby agree to the following compact
which shall become effective upon enactment of concurrent legislation by each respective state
legislature and the Congress of the United States. Short Title This Act shall be known and
may be cited as the "Apalachicola-Chattahoochee-Flint River Basin Compact" and shall
be referred to hereafter in this document as the "ACF Compact" or "compact."
Article I Compact Purposes This compact among the States of Alabama, Florida and Georgia and
the United States of America has been entered into for the purposes of promoting interstate
comity, removing causes of present and future controversies, equitably apportioning the...

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11-100-8
Section 11-100-8 Application of payments and credits; refunding or refinancing of bonds. The
payments provided for in this chapter shall apply only to debt service incurred pursuant to
the provisions of this chapter. No payments or credits shall be allowed for any past debt
service payments nor for any debt service payments beyond the date of the final interest and
principal payment of the original issue of such bonds. Nothing herein shall restrict any city
or county or entities or authorities thereof from refunding or refinancing such bonds within
the original maturity schedule to take advantage of savings arising from such refunding or
refinancing. (Acts 1989, No. 89-651, p. 1287, §8.)...
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11-80-7
Section 11-80-7 Authority of municipalities, counties, public corporations, boards of education,
etc., with respect to letters of credit as security for bonds, notes, etc. Any municipality,
county, public corporation, city or county board of education, the State Board of Education,
or any other entity organized pursuant to authorization, determination finding or other action
by any municipality or municipalities, or county or counties, or the governing body of any
one or more thereof, or any public officer or officers of the State of Alabama, is hereby
authorized: (1) To acquire a letter or letters of credit as security for any bonds, notes,
warrants, or other evidences of indebtedness or securities; (2) To pledge such letter or letters
for the benefit of such bonds, notes, warrants, or other evidences of indebtedness or securities;
(3) To pay the premium or premiums on such letter or letters from the proceeds of any such
bonds, notes, warrants, or other evidences of indebtedness or...
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27-41-10
Section 27-41-10 Particular investments - Bonds, etc., issued by states, counties, municipalities,
etc., to provide funds for public projects, etc. An insurer may invest in bonds and other
evidences of indebtedness which are obligations of any state, county, city, town, village,
municipality, district, or other political subdivision of any state or of any instrumentality
or board thereof or of the United States of America issued to provide funds for public projects,
or for refunding of bonds issued for such purposes, which are revenue producing and self-supporting
if such obligations are secured by a lien on such revenues to pay principal and interest and
the issuing body is required to charge adequate rates for the services so provided to pay
all charges against the project, including principal and interest on all indebtedness outstanding
against the project. (Acts 1977, No. 408, p. 530, §10.)...
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24-1-36
Section 24-1-36 Investment by state, fiduciaries, banks, etc., in bonds, etc., issued by authorities.
Notwithstanding any restrictions on investments contained in any laws of this state, the state
and all public officers, municipal corporations, political subdivisions other than county
and public bodies, all banks, bankers, trust companies, savings banks and institutions, building
and loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations, and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees,
and other fiduciaries may legally invest any sinking funds, moneys, or other funds belonging
to them or within their control in any bonds or other obligations issued by a housing authority
pursuant to this article or issued by any public housing authority or agency in the United
States, when such bonds or other obligations are...
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5-11A-5
Section 5-11A-5 Deposit of security for operation of trust business - Amount required and form;
charges against deposit. Any corporation organized and operating as a trust company or as
a bank authorized by law to do a trust business may deposit with the State Treasurer or elsewhere
United States bonds, bonds, notes or debentures of any federal agency such as a federal land
bank, banks for cooperatives, Farm Home Administration, Federal National Mortgage Association,
etc., Alabama bonds, bonds of any city or county in the State of Alabama or mortgages which
are first liens on real estate, worth in each case double the face of the mortgage, situated
in this state, to an amount not less than $25,000.00, and may increase said deposit from time
to time or reduce the same to an amount not less than $25,000.00, or may withdraw the deposit
entirely, provided such trust companies or banks have made final settlement and accounted
for all assets in their possession and under their control by...
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11-47-241
Section 11-47-241 Powers of certain cities as to planning, establishment, operation, etc.,
of parking facilities. Any city in this state having a population of 34,000 or more according
to the last federal decennial or any subsequent federal census is hereby authorized: (1) To
plan, establish, develop, acquire, construct, enlarge, improve, maintain, equip, operate,
regulate, and protect parking facilities; (2) To finance the cost of parking facilities in
whole or in part by the issuance of bonds, warrants, notes, or other evidences of indebtedness;
(3) To pledge to the payment thereof its full faith and credit and any taxes, licenses, or
revenues which the city may then be authorized to pledge to the payment of bonded or other
indebtedness; (4) To lease or let parking facilities or any one or more of them to such tenant
or tenants, for such period and such compensation or rental and on such conditions as the
governing body may prescribe; (5) To fix, establish, collect, and alter parking...
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36-27-6
Section 36-27-6 Participation of employees of counties, cities, towns, public or quasi-public
organizations, etc. - Generally. (a) The governing board of any county, city, town or public
or quasi-public organization of the state or of any political subdivision thereof or the Alabama
Extension Service and Agricultural Experiment Station System of Auburn University may, by
resolution legally adopted to conform to rules prescribed by the Board of Control, elect to
have its officers and employees from whatever sources and in whatever manner paid become eligible
to participate in the retirement system; and the Adjutant General of the state, with the approval
of the Governor, may, by application properly prepared and submitted in conformity with rules
prescribed by the Board of Control, elect to have those employees of the Alabama National
Guard employed pursuant to 32 U.S.C.A., Section 709, and paid from federally appropriated
funds, become eligible to participate in this retirement system....
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