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41-10-36
Section 41-10-36 Definitions. Unless the context requires otherwise, the terms defined in this
section shall have the following meanings for purposes of this division: (1) AFFECTED BOND.
Any obligation or portion thereof which is required under the terms of the code to receive
an allocation of the state ceiling as a condition for the exclusion of interest on such obligation
from the gross income of the recipient thereof for federal income tax purposes. (2) ALLOCATION.
An allocation of a portion of the state ceiling issued by the authority pursuant to the provisions
of this division. (3) APPLICATION. An application for an allocation, submitted by an issuer
under the provisions of this division. (4) APPLICATION FOR CARRYFORWARD ALLOCATION. Any application
filed with the authority seeking an elective carryforward of unused limitation for a "carryforward
purpose" as defined in Section 146(f)(5) of the code. (5) AUTHORITY. The State Industrial
Development Authority, a public corporation of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-36.htm - 5K - Match Info - Similar pages
41-10-44.10
Section 41-10-44.10 Refunding obligations. Any project obligations issued by the authority
may from time to time be refunded by the issuance, by sale or exchange, of refunding bonds
or obligations payable from the same or different sources for the purpose of paying all or
any part of the principal of the project obligations to be refunded, any redemption premium
required to be paid as a condition to the redemption prior to maturity of any such project
obligations that are to be so redeemed in connection with such refunding, any accrued and
unpaid interest on the project obligations to be refunded, any interest to accrue on each
project obligation to be refunded to the date on which it is to be paid, whether at maturity
or by redemption prior to maturity, and the expenses incurred in connection with refunding;
provided, that unless duly called for redemption pursuant to provisions contained therein,
the holders of any such project obligations then outstanding and proposed to be refunded...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.10.htm - 3K - Match Info - Similar pages
11-15-13
Section 11-15-13 Warrants - Disposition of proceeds from sale. The proceeds derived from the
sale of any warrants (other than refunding warrants) may be used only to pay the cost of acquiring,
constructing, improving, enlarging and equipping a project or any part thereof as may be specified
in the proceedings in which the warrants are authorized to be issued. Such cost shall be deemed
to include the following: the cost of any land forming a part of the project; the cost of
the labor, materials and supplies used in any such construction, improvement or enlargement,
including architect's and engineer's fees and the cost of preparing contract documents and
advertising for bids; the purchase price of and the cost of installing equipment for the project;
the cost of landscaping the lands forming a part of the project and of constructing and installing
roads, sidewalks, curbs, gutters, utilities and parking places in connection therewith; fees
and expenses in connection with the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-15-13.htm - 1K - Match Info - Similar pages
11-19-12
Section 11-19-12 Subdivision regulations - Scope and contents. In exercising the powers granted
to it by this chapter, the county planning commission shall prepare and recommend to the county
commission for adoption regulations governing the subdivision of land within the flood-prone
area of the county. Such regulations may provide for the harmonious development of the flood-prone
area of the county; for the coordination of streets within subdivisions with other existing
or planned streets; for the size of blocks and lots; for the dedication or reservation of
land for streets, school sites, and recreation areas and of easements for utilities and other
public services and facilities; and, for a distribution of population and traffic which will
tend to create conditions favorable to health, safety, convenience, prosperity, or general
welfare. Such regulations may include requirements as to the extent to which and the manner
in which streets shall be graded, surfaced, and improved, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-19-12.htm - 2K - Match Info - Similar pages
11-48-48.1
Section 11-48-48.1 Payment of assessments in Class 2 municipalities. Any Class 2 municipality,
in ordering any local improvement the cost of which or any part thereof is to be assessed
against any property in accordance with the provisions of this section, may provide that the
same shall be paid in cash within 30 days after the final assessment, provided the cost of
such improvement does not exceed $1,000.00, but if the total cost of said improvement is greater
than such sum, any property owner may, at his election, to be expressed by notifying the municipal
official charged with the duty of collecting such assessments in writing within 30 days after
the assessment is made final, pay the said assessment in 36, 60 or 120 monthly installments,
which shall bear interest at a rate not exceeding 12 percent per annum, as determined by the
municipal governing body; provided, however, that if, on or before the date such assessment
is made final, bonds shall have been issued, under the...
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11-50-405
Section 11-50-405 Bonds - Authorization for issuance; form, terms, denominations, etc.; execution
and delivery; sale; refunding and exchange; issuance of interim receipts or temporary bonds.
The bonds of a district incorporated under this article shall be authorized by resolution
of the board of directors of the district and may be issued in one or more series, may bear
such date or dates, mature at such time or times, bear interest at such rate or rates, be
in such denominations, be in such form, either coupon or registered or both, be executed in
such manner, be payable in such medium of payment, at such place or places, be nonredeemable
or subject to such terms of redemption, with or without premium and be subject to being declared
or becoming due before the maturity date thereof as such resolution or resolutions may provide.
Said bonds may be issued for money or property, either at public or private sale and for such
price or prices as the board of directors shall determine. Such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-405.htm - 3K - Match Info - Similar pages
16-3-28
Section 16-3-28 Authority of board and trustees of institutions to borrow from federal agencies
or others; issuance of bonds, notes and other securities. (a) The State Board of Education,
acting for the respective educational institutions under its supervision, and each public
corporation that conducts one or more state educational institutions under its supervision,
acting through its board of trustees or other governing body, are hereby separately authorized
to exercise and perform any or all of the following powers: (1) To borrow money from the United
States of America or any department or agency thereof, or from any person, firm, corporation
or other lending agency for the purchase, construction, enlargement or alteration of any buildings
or other improvements, including dormitories, dining halls, classrooms, laboratories, libraries,
stadiums, administration buildings and any other buildings and appurtenances thereto suitable
for use by the institution with respect to which the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-3-28.htm - 5K - Match Info - Similar pages
33-2-60
Section 33-2-60 Definitions. The words and phrases hereinafter set forth, wherever used in
this article, shall have the respective meanings hereinafter ascribed to them. These definitions
shall include both the singular and the plural. (1) 1957 DOCKS AMENDMENT. Amendment 116 of
the Constitution of Alabama. (2) THE STATE. The State of Alabama. (3) THE DEPARTMENT. The
Alabama State Docks Department and any department or agency of the state that may succeed
to its duties. (4) DOCK FACILITIES. Docks and all kinds of dock facilities, including elevators,
warehouses, water and rail terminals, wharves, piles, quays, compresses, storm haven facilities
for all types of watercraft, channels between navigable waterways of the state for the purpose
of connecting such waterways and aiding the use thereof and other related structures, facilities
and improvements that may be needed for the convenient use of the same. (5) 1957 DOCKS ACT.
Article 1 of this chapter. (6) 1959 DOCKS ACT. Article 2 of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-60.htm - 3K - Match Info - Similar pages
40-14-41
Section 40-14-41 (Not Effective After December 31, 1999) Levy on foreign corporations. (a)
Amount of levy. Every corporation organized under the laws of any other state, nation, or
territory and doing business in this state, except strictly benevolent, educational, or religious
corporations, shall pay annually to the state an annual franchise tax of three dollars ($3)
on each one thousand dollars ($1,000) of the actual amount of its capital employed in this
state. Corporations which have qualified to do business in this state shall for the purpose
of this title prima facie be held to be doing business in Alabama. However, in no event shall
the amount paid by any corporation for annual franchise tax be less than the sum of twenty-five
dollars ($25). (b) Definition of capital. The total capital of such foreign corporation, herein
referred to as the "taxpayer," shall equal the aggregate net amount of the following
items determined in accordance with generally accepted accounting...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-14-41.htm - 13K - Match Info - Similar pages
41-10-37
Section 41-10-37 Allocation procedure. Allocations of the state ceiling shall be granted by
the authority in response to applications filed with the authority by any issuer in the following
manner: (1) Each application shall be made by an instrument in writing signed by an officer
or agent of the issuer and shall contain (i) the names and addresses of the issuer, the proposed
lessee, purchaser or user of the project to be financed (if applicable), and bond counsel,
(ii) the maximum principal amount of affected bonds proposed to be issued, (iii) a brief description
of the project to be financed, and (iv) a brief description of the affected bonds proposed
to be issued, identifying such bonds as "Exempt Facility Bonds," "Qualified
Mortgage Bonds", "Qualified Small Issue Bonds" (and if "Qualified Small
Issue Bonds," further indicating whether the project to be financed constitutes a "Manufacturing
Facility"), "Qualified Student Loan Bonds," or "Qualified Redevelopment
Bonds." In addition,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-37.htm - 4K - Match Info - Similar pages
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