|
45-27A-31.01
Section 45-27A-31.01 Definitions. The following words and phrases used in this part, and others
evidently intended as the equivalent thereof, shall, in the absence of clear implication herein
otherwise, be given the following respective interpretations herein: (1) APPLICANT. A natural
person who files a written application with the governing body of the city in accordance with
the provisions of Section 45-27A-31.03. (2) AUTHORITY. The Brewton Development Authority,
a public corporation organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution
adopted by the governing body of the city in accordance with Section 45-27A-31.03, that authorizes
the incorporation of the authority. (4) BOARD. The board of directors of the authority. (5)
BONDS. Includes bonds, notes, and certificates representing an obligation to pay money. (6)
CITY. The City of Brewton, Alabama. (7) DIRECTOR. A member of the board of the authority.
(8) GOVERNING BODY. With respect to the city, its city...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27A-31.01.htm - 2K - Match Info - Similar pages
11-94-1
commission and, with respect to a municipality, the council, commission or other governing
body of such municipality. (7) MUNICIPALITY. Any incorporated city or town in this state.
(8) INDENTURE. Any mortgage, indenture of mortgage, deed of trust, trust agreement or trust
indenture executed by an authority as security for its bonds. (9) PROJECT. a. Any land, any
interest in land, any building, structure, or improvement thereon, any machinery, equipment,
furniture, furnishings, facility or personal property, or any of them, which, in the
judgment of the board of an authority is suitable for use by the authority in carrying out
its powers and the functions authorized by this chapter, including, without limitation, ports,
docks, and all kinds of dock facilities, water and rail terminals and facilities, wharves,
piers, berths, quays, loading and unloading facilities and other related facilities, marinas,
boating facilities, facilities for aquatic entertainment and sports, facilities for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-94-1.htm - 4K - Match Info - Similar pages
11-54-171
the end purpose of which is the control, reduction, abatement, or prevention of air, noise,
water, or general environmental pollution, including, but not limited to the following: Any
air pollution control facility, noise abatement, or reduction facility, water management facility,
water purification facility, waste water collecting system, waste water treatment works, or
solid waste disposal facility. (16) PROJECT. a. Any land and any building or other improvement
thereon and all real and personal properties deemed necessary in connection therewith,
whether or not now in existence, which shall be suitable for use by the following or by any
combination of two or more of the following: 1. Any commercial enterprise engaged in the manufacturing,
processing, assembling, storing, warehousing, distributing, or selling of any products of
agriculture, mining, or industry. 2. Any enterprise for the purpose of research in connection
with: (i) Any of the foregoing. (ii) The development of new...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-171.htm - 5K - Match Info - Similar pages
41-10-541
such obligations, and which meet the greater of 100% collateralization or the "AA"
collateral levels established by Standard & Poor's Rating Group for structured financings;
and h. Uncollateralized investment agreements with, or certificates of deposit issued by banks
or bank holding companies, the senior long-term securities of which are rated at least "AA"
by Standard & Poor's Rating Group and at least "Aa" by Moody's Investors Service.
(11) FINANCED PROPERTY. All property whether real, personal, or mixed, the costs of
which were or are to be paid or reimbursed in whole or in part with the proceeds of bonds
of the authority or the proceeds of authority-guaranteed obligations. (12) FINANCING AGREEMENT.
Any loan, lease, agreement, grant agreement, financing agreement, credit agreement, security
agreement, mortgage, indenture, guaranty agreement, or other type of agreement entered into
by the authority in connection with the incurring of authority obligations. (13) FUNDING AGREEMENT....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-541.htm - 13K - Match Info - Similar pages
11-92B-1
corporate limits of any municipality whose corporate limits lie in whole or in part within
the operational area of the authority that is necessary or convenient to carry out the purposes
of the authority. (11) PERSON. Unless limited to a natural person by the context in which
it is used, any person, including, without limitation, a private firm, a private association,
a corporation, and a public person. (12) PROJECT. Any land and any buildings or other improvements
thereon, and all real, personal, and mixed properties, within the operational area
of an authority, deemed by an authority to be necessary or appropriate in connection therewith,
whether or not now in existence, and which shall be suitable for the promotion of the purposes
of the authority. (13) PUBLIC PERSON. The state and any county, city, town, public corporation,
agency, subdivision thereof, instrumentality thereof, or similar person. (14) PURPOSE. The
authorized purposes of an authority, which include acquiring,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92B-1.htm - 3K - Match Info - Similar pages
40-9B-3
23 of this title, or payments required to be made in lieu thereof, shall relieve the seller
from the obligation to collect and pay over the transaction tax as if the sale were to a person
exempt, to the extent of the abatement, from the transaction tax. (2) ALTERNATIVE ENERGY RESOURCES.
The definition given in Section 40-18-1. (3) CONSTRUCTION RELATED TRANSACTION TAXES. The transaction
taxes imposed by Chapter 23 of this title, or payments required to be made in lieu thereof,
on tangible personal property and taxable services incorporated into an industrial
development property, the cost of which may be added to capital account with respect to the
property, determined without regard to any rule which permits expenditures properly chargeable
to capital account to be treated as current expenses. (4) DATA PROCESSING CENTER. An establishment
at which not less than 20 new jobs are located, the average annual total compensation, including
benefits, of such new jobs to be not less than...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9B-3.htm - 19K - Match Info - Similar pages
11-92C-8
in Chapter 93 of this title for the purpose of limiting the damages for which the authority
may be liable. (3) To adopt and make use of a corporate seal and to alter the seal at its
pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise,
and to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more
projects, including all real and personal properties which the board of the authority
may deem necessary in connection therewith, regardless of whether or not the projects shall
then be in existence. (6) To lease to others any or all of its projects and to share and collect
rent thereof, and to terminate any lease upon the failure of the lessee to comply with any
of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its properties if...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-8.htm - 12K - Match Info - Similar pages
37-11A-1
by the Governor, or upon its otherwise becoming a law, and when the State of Mississippi ratifies
the compact. Article III. For purposes of this compact, the following terms shall have the
following meanings: (1) Person means an individual, a corporation, a partnership, or any other
entity. (2) Railroad means a common carrier by railroad as defined in Section 1(3) of Part
I of the Interstate Commerce Act [codified as 49 U.S.C. ยง1(3)]. (3) Railroad properties and
facilities mean any real or personal property or interest in property which is owned,
leased, or otherwise controlled by a railroad or other person, including, without limitation,
the authority, and which are used or are useful in rail transportation service, including,
without limiting the generality of the foregoing: a. Track, roadbed, and related structures,
including rail, ties, ballast, other track materials, grading, tunnels, bridges, trestles,
culverts, elevated structures, stations, office buildings used for operating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
33-12-5
grants or other assistance from federal, state and local governments or from agencies of such
governments and by issuing in its own name revenue bonds pledging a portion of the revenues
from such facilities. f. Arrange with any city, county, municipality or supplier of utilities
for the abandonment, relocation or other adjustment of roads, highways, bridges and utility
lines. (3) LAND ACQUISITION. The agency may acquire by purchase, lease, gift or condemnation
property of any kind, real, personal or mixed, or any interest therein, that the board
deems necessary or convenient to the exercise of its powers or functions; provided, that acquisition
by condemnation shall be limited to land, rights in land, including leaseholds and easements,
and water rights in the Alabama portion of the Elk River Watershed that the board determines
to be necessary to the control and optimum development of the Elk River. The amount and character
of the interests in land, rights in land and water rights...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-12-5.htm - 18K - Match Info - Similar pages
41-10-45.1
organized under Chapter 92A of Title 11, industrial development board organized under Article
4, Chapter 54 of Title 11, or nonprofit organization organized to foster economic development
and described in Section 501(c) of the Internal Revenue Code of 1986, as in effect from time
to time. (d) ELIGIBLE EXPENSES. Expenses relating to land acquisition, site preparation or
development, building improvements, building construction, building renovations, infrastructure,
and any other real or personal property deemed necessary or useful in connection therewith.
(e) ELIGIBLE PROJECT. A project located in a targeted county that, when completed, will provide
employment opportunities within one or more targeted counties. An eligible project shall be
the subject of a project agreement, abatement agreement, or similar agreement between the
company and the state or an eligible borrower. (f) FUND. The Accelerate Alabama Fund. (g)
MAXIMUM LOAN AMOUNT. For any project anticipated to create more...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-45.1.htm - 2K - Match Info - Similar pages
|