|
11-50-530
Section 11-50-530 Rates and charges for services rendered. The rates and charges for the services
rendered by or from any utility owned or operated by the corporation shall at all times be
reasonable for the services so rendered and as low as consistent with good service and prudent
management, but shall be sufficient to pay all expenses necessary for the operation of its
properties and the maintenance thereof in good operating condition, the payment of the principal
of and interest on all bonds issued by it and the creation and maintenance of such reserves
for improvements, new construction, depreciation, and contingencies as the board may from
time to time prescribe in the exercise of sound judgment and prudent management. In the event
the revenues of the corporation shall be in excess of those necessary for said purposes, the
corporation shall reduce its said rates and charges as the board may prescribe. All schedules
of such rates and charges shall be uniform throughout the power...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-530.htm - 1K - Match Info - Similar pages
33-2-12
Section 33-2-12 Rates and charges for use of facilities. In order to enable the operations
established under this article to earn funds to pay operating expenses and interest on the
bonds and to create a sinking fund for the retirement of the bonds, the said Alabama State
Docks Department shall have the right and power to fix from time to time reasonable rates
of charges for services to all persons using said facilities. (Acts 1957, No. 311, p. 408,
§12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-12.htm - 766 bytes - Match Info - Similar pages
11-81-172.1
Section 11-81-172.1 Revenue bonds - Issuance of bonds for refunding of principal of general
or limited obligation warrants, etc. Any county or incorporated municipality in the State
of Alabama may issue revenue bonds under the provisions of this article not only for the purposes
specified in Section 11-81-166, but also for the purpose of refunding the principal of any
outstanding general or limited obligation warrants of any such county or incorporated municipality
that were issued (directly or indirectly) for the purpose of financing the acquisition, improvement,
enlargement, extension or repair of any waterworks system, gas system, electric system or
sanitary sewer system or that were issued to refund any general or limited obligation warrant
or warrants initially issued by such county or incorporated municipality (directly or indirectly)
for the purpose of financing the acquisition, improvement, enlargement, extension or repair
of any waterworks system, gas system, electric system...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-172.1.htm - 1K - Match Info - Similar pages
33-1-26
Section 33-1-26 Power of port authority to fix charges for use of state facilities; charges
for use of private facilities. In order to enable the port authority to earn funds to pay
operating expenses and interest on the bonds and to create a sinking fund for the retirement
of the bonds, the port authority shall have the right and power to fix from time to time reasonable
rates of charges for all services and for the use of all improvements and facilities provided
under the authority of this chapter; and schedules of all rates so fixed shall be filed with
the State Public Service Commission within seven days after the fixing thereof. All private
concerns, corporations or individuals operating similar facilities at Alabama seaports must
make and collect charges which shall be not less than the charges so fixed by the department
for the use of the state's facilities. (Acts 1923, No. 303, p. 330, §12; Code 1923, §2558;
Acts 1927, No. 1, p. 1, §13; Code 1940, T. 38, §34.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-1-26.htm - 1K - Match Info - Similar pages
37-4-2.1
Section 37-4-2.1 Regulation of certain private water system utilities in Class 8 municipalities.
Notwithstanding any other provision of law, any private water system utility which serves
less than 1,000 customers and purchases its water from a municipal water system in a Class
8 municipality may elect to be exempt from all regulation of the Public Service Commission
and subject to regulation by the municipality from which it purchases its water in the manner
set forth in this section. An initial election under this section shall be effective upon
filing of a written notification to the Public Service Commission and the municipality, and
shall remain effective until and unless revoked in the same manner. Any private water system
utility making an election under this section may maintain its rates and charges which are
in effect at the time of the election without further approval from the municipality. The
municipality shall thereafter approve any changes in rates and charges for the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-4-2.1.htm - 1K - Match Info - Similar pages
2-3A-30
Section 2-3A-30 Issuance of bonds; obligation of state; proceeds; specifications. In order
to implement Constitutional Amendment 618 authorizing the issuance by the state of $52,000,000
in principal amount of its general obligation bonds, which amendment was proposed by Act 98-378
of the 1998 Regular Session of the Legislature, the Alabama Agricultural Development Authority
shall, in addition to all other powers that may be exercised by said authority, have the power
to issue and sell for the state, subject to the approval of the Governor, interest bearing
general obligation bonds of the state not in excess of $52,000,000 in principal amount, as
authorized by said amendment. Such bonds shall not be obligations of said authority but shall
be general obligations of the State of Alabama with the full faith and credit and taxing power
of the state to be pledged to the prompt and faithful payment of the principal thereof and
the interest and redemption premium (if any) thereon. The proceeds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-30.htm - 2K - Match Info - Similar pages
11-50A-18
Section 11-50A-18 Revenues of authority; rates; assignment to trustee; use of revenues. (a)
For the purpose of earning sufficient revenues to make possible the payment of all ownership
costs of the authority relating to any project, the authority is authorized, empowered and
directed to fix and revise rates and collect fees, tolls, and other charges with respect to
each project which it shall cause to be acquired or constructed. Such rates, fees, tolls,
and other charges to be paid for the output, capacity, use or service of each project and
other resources of the authority shall be so fixed and adjusted from time to time as to provide
funds at least sufficient with other revenues, if any, of the authority and of each of its
projects: (1) To pay the costs of operating, maintaining, leasing, repairing, and disposing
of projects, including reserves for insurance and extraordinary repairs, reserves for renewals
and replacements, reserves for fuel, reserves for working capital, reserves...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-18.htm - 4K - Match Info - Similar pages
2-3A-50
Section 2-3A-50 Issuance of bonds; obligation of state; proceeds; specifications. In order
to implement Constitutional Amendment 619 authorizing the issuance by the state of five million
seven hundred thousand dollars ($5,700,000) principal amount of its general obligation bonds,
which amendment was proposed by Act 98-412 of the 1998 Regular Session of the Legislature,
the Alabama Agricultural Development Authority shall, in addition to all other powers that
may be exercised by said authority, have the power to issue and sell for the state, subject
to the approval of the Governor, interest bearing general obligation bonds of the state not
in excess of five million seven hundred thousand dollars ($5,700,000) in principal amount,
as authorized by said amendment. Such bonds shall not be obligations of said authority but
shall be general obligations of the State of Alabama with the full faith and credit and taxing
power of the state to be pledged to the prompt and faithful payment of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-50.htm - 2K - Match Info - Similar pages
11-50-411
Section 11-50-411 Disposition of net profits of district; "net income" defined; distribution
of less than net income for fiscal year; availability for payment in future fiscal years.
All the net income of the gas transmission system or systems, for each fiscal year, of a gas
district incorporated under this article shall, unless otherwise provided in the certificate
of incorporation of such district, be divided, within a reasonable time after the close of
each fiscal year, among its member municipalities in proportion to the amount of gas sold
to or within each such municipality. All the net income of each gas distribution system, for
each fiscal year, of any such district shall, unless otherwise provided in its certificate
of incorporation, be distributed and paid, within a reasonable time after the close of each
fiscal year, to the municipality or municipalities within which such distribution system is
located. The term "net income" as used in the preceding two paragraphs of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-411.htm - 5K - Match Info - Similar pages
31-9-81
Section 31-9-81 Program created; Statewide Emergency Notification System; Alabama Disaster
Recovery Fund. (a) There is created the Alabama Disaster Recovery Program for the purposes
of providing financial assistance to eligible counties and municipalities for meeting local
needs before, during, and immediately following a disaster that affects a county or municipality
and of establishing, implementing, operating, and maintaining the Statewide Emergency Notification
System to facilitate statewide communication of emergency responses, decisions, and warnings
of developing emergency situations for the benefit of residents and state and local emergency
management agencies. (b) The recovery program shall be funded by the Alabama Disaster Recovery
Fund. The Legislature may make appropriations to the recovery fund from State General Fund
revenues, available federal monies, revenues made available by future legislative acts, or
from any other source available except insurance policy...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/31-9-81.htm - 2K - Match Info - Similar pages
|