|
23-2-154
Section 23-2-154 Bonds legal investments for all purposes; entitled to be deposited
with state officers or agencies. Bonds issued by the authority under the provisions of this
article are hereby made securities in which the state and all political subdivisions of this
state, their officers, boards, commissioners, departments or other agencies; all banks, bankers,
savings banks, trust companies, 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 administrators, executors, guardians,
trustees and other fiduciaries; and all other persons whatsoever who now are or may hereafter
be authorized to invest in bonds or other obligations of the state may properly and legally
invest any funds, including capital belonging to them or within their control. The bonds or
other securities or obligations are hereby made securities which properly...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-2-154.htm - 1K - Match Info - Similar pages
41-10-326
Section 41-10-326 Special funds for payment of bonds, insurance, and other expenses.
In the resolution or proceedings authorizing the issuance of any bonds or any temporary loan
or in any indenture of trust, the authority may provide for the establishment of one or more
special funds for the payment of the principal of, or interest on, the bonds or notes, one
or more reserve funds therefor and a fund, or funds, for the payment of insurance premiums
or other expenses with respect to the ownership and leasing of the facilities. Any such special
funds shall be held as trust funds pursuant to agreement with such trustee bank or banks as
may be designated by the commission. The authority shall establish and maintain appropriate
records pertaining to such funds. Such records shall be available at all reasonable times
to public inspection. (Acts 1986, No.86-546, p. 1093, ยง27.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-326.htm - 1K - Match Info - Similar pages
19-4-41
Section 19-4-41 Deposit of treasury securities in federal reserve banks authorized;
transfer of ownership, etc., of securities; maintenance of records as to fiduciary accounts;
rules and regulations governing banks; certification of securities deposited for fiduciary
accounts. (a) Notwithstanding any other provision of law to the contrary, any bank holding
treasury securities as a fiduciary, as a cofiduciary or as a custodian or agent for another
fiduciary or fiduciaries is authorized, in the absence of specific provision to the contrary
in the governing instrument or court order under which the bank is acting, to deposit or arrange
for the deposit with the federal reserve bank in its district of such treasury securities
to be credited to one or more accounts on the books of said federal reserve bank in the name
of such bank to be designated trust or other accounts in accordance with rules and regulations
of the federal reserve bank, to which similar treasury securities deposited by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-4-41.htm - 2K - Match Info - Similar pages
2-6-101
Section 2-6-101 Definitions. For the purposes of this article, the following words shall
have the following meanings: (1) ALABAMA AGRICULTURAL CENTER BOARD or AACB. The Alabama Agricultural
Center Board established by Section 2-6-1, as amended by this article. (2) BOARD OF
DIRECTORS or BOARD. The board of directors of the Garrett Coliseum Redevelopment Corporation,
the public corporation created pursuant to this article. (3) BONDS. Includes refunding bonds
unless the context clearly indicates otherwise. (4) GARRETT COLISEUM or COLISEUM. The Alabama
Agricultural Center, the Garrett Coliseum, and all related properties located in Montgomery,
Alabama. (5) GARRETT COLISEUM REDEVELOPMENT CORPORATION or CORPORATION. The public corporation
created pursuant to this article. (6) GOVERNMENT SECURITIES. Any bonds or other obligations
which, as to principal and interest, constitute direct obligations of, or are unconditionally
guaranteed by, the United States of America, including obligations of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-101.htm - 3K - Match Info - Similar pages
22-21-332
Section 22-21-332 Investment of funds. (a) To the extent permitted by the contracts
of the authority with the holders of its securities and if not otherwise specifically prohibited
by any other provision of this article, the authority may invest any portion of the principal
proceeds derived from the sale of any of its securities which is not then needed for any of
the purposes for which such securities were authorized to be issued, the moneys held in any
special fund created pursuant to any resolution or indenture authorizing or securing any of
its securities, and any other moneys of the authority not then needed by it, in any of the
following: (1) Federal securities; (2) Any debt securities that are direct obligations of
any agency of the United States of America; (3) Interest-bearing bank time deposits and interest-bearing
bank certificates of deposit; and (4) Interest-bearing time deposits and interest-bearing
certificates of deposit of any federally-chartered savings and loan...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-332.htm - 1K - Match Info - Similar pages
26-23C-2
Section 26-23C-2 Legislative findings. (a) The Legislature of the State of Alabama finds
all of the following: (1) Under the Patient Protection and Affordable Care Act, P.L. 111-148,
federal tax dollars, via affordability credits, subsidies provided to individuals between
150-400 percent of the federal poverty level, are routed to exchange participating health
insurance plans, including plans that provide coverage for abortions. (2) Federal funding
of insurance plans that provide abortions is an unprecedented change in federal abortion funding
policy. The Hyde Amendment, as passed each year in the Labor Health and Human Services Appropriations
bill, and the Federal Employee Health Benefits Program, FEHBP, prohibit federal funds from
subsidizing health insurance plans that provide abortions. Under this new law, however, exchange
participating health insurance plans that provide abortions can receive federal funds. (3)
The provision of federal funding for health insurance plans that...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/26-23C-2.htm - 2K - Match Info - Similar pages
27-5A-2
Section 27-5A-2 Definitions. As used in this chapter, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
ACTUARY. A person who is a member in good standing of the American Academy of Actuaries. (2)
COMMISSIONER. The Alabama Commissioner of Insurance. (3) CONTROLLING PERSON. Any person, firm,
association, or corporation who directly or indirectly has the power to direct or cause to
be directed, the management, control, or activities of the reinsurance intermediary. (4) INSURER.
Any person, firm, association, or corporation duly licensed in this state pursuant to the
applicable provisions of the insurance law as an insurer. (5) LICENSED PRODUCER. An insurance
producer or reinsurance intermediary licensed pursuant to the applicable provision of the
insurance law. (6) QUALIFIED U.S. FINANCIAL INSTITUTION. An institution that: a. Is organized
or, in the case of a U.S. office of a foreign banking organization, licensed,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-5A-2.htm - 4K - Match Info - Similar pages
8-37-1
Section 8-37-1 (Effective January 1, 2018) Purpose; applicability. (a) The purpose of
this chapter is to define guaranteed asset protection waivers (GAP waivers) and to provide
that GAP waivers may be offered within this state. (b) This chapter does not apply to either
of the following: (1) An insurance policy offered by an insurer under the insurance laws of
this state. (2) A debt cancellation or debt suspension contract being offered by a federally
regulated financial institution operating under 12 CFR Part 37 or a credit union operating
under 12 CFR Part 721 or other federal law; or a debt cancellation or debt suspension contract
being offered by a state chartered bank or credit union. Debt cancellation and debt suspension
contracts being offered by any of these federal or state regulated financial institutions
are not insurance and are exempt from the insurance laws of this state. (c) Guaranteed asset
protection waivers governed under this chapter are not insurance and are exempt...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-37-1.htm - 1K - Match Info - Similar pages
11-50A-20
Section 11-50A-20 Trust agreement. In the discretion of the authority, any issue of
bonds may be secured by a trust agreement or indenture made by the authority with a corporate
trustee, which may be any trust company or bank within or without the state having the powers
of a trust company. The trust agreement or indenture may pledge or assign any revenues to
be received by the authority and any proceeds which may be derived from the disposition of
any real or personal property of the authority or proceeds of insurance carried thereon. The
resolution providing for the issuance of bonds and the trust agreement or indenture may contain
any provisions the authority deems necessary or appropriate for protecting and enforcing the
rights and remedies of the bondholders, including the right of appointment of a receiver upon
default in the payment of any principal or interest obligation and the right of any receiver
or trustee to enforce collection of any rates, fees, tolls, charges, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-20.htm - 3K - Match Info - Similar pages
2-3A-2
Section 2-3A-2 Definitions. The following words and phrases used in this article, 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) AFFILIATE.
With respect to any lender, any person, firm or corporation controlled by, or under common
control with, such lender, and any person, firm or corporation controlling such lender. (2)
AGRICULTURAL OPERATIONS. Farming, ranching, the production of agricultural commodities (including,
without limitation, the products of aquaculture and silvaculture) or the treating, processing,
storing, manufacturing, marketing, distribution or exporting of agricultural commodities;
provided, however, that such term shall not include any operation the principal purpose of
which is the selling at retail of agricultural commodities or related products; provided,
further, that costs of agricultural operations shall specifically include, but...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-2.htm - 2K - Match Info - Similar pages
|