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5-5A-28
Section 5-5A-28 Pledge of assets. No bank may pledge assets as security for deposits,
except any bank is authorized to pledge acceptable assets as security for deposits of trust
funds deposited by its trust department and of public funds, heretofore or hereafter deposited,
by the United States or any agency or governmental instrumentality of the United States or
by a state or any political subdivision of a state or any agency or other governmental instrumentality
of such subdivision, including any county, municipal corporation, county, city, or other public
board of education, including any custodian or treasurer of county, city, or other public
school funds, any improvement authority heretofore or hereafter incorporated or any public
corporation, including each board, authority, or district heretofore or hereafter organized
or created in a state pursuant to authorization or determination by any municipality or municipalities
or by any county or counties or the governing body of any...
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41-16A-3
Section 41-16A-3 Definitions. For the purposes of this chapter, the following terms
shall have the respective meanings provided by this section: (a) ALTERNATIVE FINANCING
CONTRACT. A lease, lease-purchase, lease with option to purchase, installment-sale agreement
or arrangement, or other similar agreement or arrangement. (b) GOVERNMENTAL ENTITY. The state;
any political subdivision of the state; any agency, board, commission, or department of the
state; any county; any municipal corporation; any county board of education; any city board
of education; any instrumentality of any of the foregoing; the State Board of Education, acting
for the respective educational institutions under its supervision; each public corporation
that conducts one or more state educational institutions under its supervision; and any public
corporation arising under or organized pursuant to any statute of the state. (c) GRANTOR PARTY.
The lessor under a lease or lease-purchase contract, grantor under an...
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11-88-1
Section 11-88-1 Definitions. When used in this article, the following words and phrases
shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) APPLICANT. A natural person who files a written application with the governing body of
any county in accordance with the provisions of Section 11-88-3. (2) AUTHORITY. A public
corporation organized pursuant to the provisions of this article. (3) BOARD. The board of
directors of an authority. (4) BONDS. Bonds, notes, and certificates representing an obligation
to pay money. (5) CONCISE LEGAL DESCRIPTION. A reasonably concise description of a particular
geographic area which may be by metes and bounds or by reference to government surveys, recorded
maps and plats, municipal, county, or state boundary lines, well-defined landmarks and other
monuments, or any combination of the foregoing. (6) COUNTY. Any county in the state. (7) DETERMINING
COUNTY. Any county the governing body of which shall have made...
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16-1-23
Section 16-1-23 Hazing prohibited; penalty. (a) Hazing is defined as follows: (1) Any
willful action taken or situation created, whether on or off any school, college, university,
or other educational premises, which recklessly or intentionally endangers the mental or physical
health of any student, or (2) Any willful act on or off any school, college, university, or
other educational premises by any person alone or acting with others in striking, beating,
bruising, or maiming; or seriously offering, threatening, or attempting to strike, beat, bruise,
or maim, or to do or seriously offer, threaten, or attempt to do physical violence to any
student of any such educational institution or any assault upon any such students made for
the purpose of committing any of the acts, or producing any of the results to such student
as defined in this section. (3) The term hazing as defined in this section does
not include customary athletic events or similar contests or competitions, and is limited...
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16-33B-4
Section 16-33B-4 Basic powers and duties of the Alabama Commission on Higher Education
for the Alabama Guaranteed Student Loan Program. (a) Basic powers. The Alabama Commission
on Higher Education (ACHE) is authorized to administer the Alabama Guaranteed Student Loan
Program in accordance with the Federal Student Loan Law, and empowered to promulgate such
rules, regulations, policies, and procedures as may be reasonable and proper in order to carry
out the provisions and purposes of this chapter. Without limiting the generality of the foregoing,
the ACHE is authorized and empowered: (1) To establish regulations deemed necessary to comply
with federal regulations and legislation relative to guaranteed student loans and the Federal
Student Loan Law. (2) To establish eligibility criteria for participating postsecondary educational
institutions. (3) To establish reasonable eligibility criteria for the initial and continuing
participation of approved lenders in the student loan program. (4)...
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22-21-106
Section 22-21-106 Issuance of securities - In anticipation of tax; funds from which
payable; nature of obligation. Any hospital corporation may anticipate the proceeds from any
special county tax required to be paid to it in accordance with the provisions of this division,
by issuing securities for any one or more of the purposes for which the tax shall have been
voted, and may pledge for the payment of the principal thereof and interest thereon the annual
proceeds from the said tax so paid to it; provided, that if any constitutional provisions
applicable to the pledge of the said tax shall restrict the portion of such tax proceeds that
may be so pledged, then the hospital corporation shall have the power to pledge only that
portion of the said proceeds that may be so pledged without violation of the said constitutional
provisions. All securities issued under this division shall be payable from the proceeds of
the special tax in respect of which they were issued and from such other...
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22-21-311
Section 22-21-311 Definitions. (a) 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) APPLICANT.
A natural person who files a written application with the governing body of a county, municipality,
or educational institution, or two or more thereof, in accordance with the provisions of Section
22-21-313. (2) AUTHORITY. A public corporation organized, and any public hospital corporation
reincorporated, pursuant to the provisions hereof. (3) AUTHORIZING RESOLUTION. The resolution
adopted by the governing body of an authorizing subdivision, in accordance with the provisions
of Section 22-21-313 or Section 22-21-341, that authorizes the incorporation
of an authority or the reincorporation of a public hospital corporation. (4) AUTHORIZING SUBDIVISION.
Each county, municipality, and educational institution with...
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40-21-26
Section 40-21-26 Local taxes on franchises and intangibles. Every individual, association,
partnership, company, and corporation engaged in any business embraced or set out in the preceding
sections shall, in addition to the ad valorem taxes on the tangible property which are now
imposed upon them by law, annually pay to the state a tax for each year on their franchises
or intangible property and assets and shall pay local taxes thereon to each county and municipal
corporation, school district and other tax district in which their business is or shall hereafter
be carried on. Said tax shall be at the same rate as the tax on tangible property, shall be
and become due and delinquent at the same time as the taxes on tangible property, shall be
payable and collected in the same manner and shall be assessed and levied in the manner herein
provided. The place or places where such local taxes on such property are to be paid and the
manner of the apportionment of the same in cases where more...
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45-30-101.04
Section 45-30-101.04 Funds. (a) Each scholarship awarded pursuant to this part shall
only be used for a student's tuition at an in-state institution of higher learning. (b) Scholarship
funds shall be distributed equally among all undergraduate college students of any institution
of higher education who meet residence requirements in Franklin County and who seek reimbursement
as provided herein. At the end of each academic year, each resident student of the county
who provides receipts for undergraduate college attendance shall be eligible for a scholarship
reimbursement. In May and June of each year, any eligible student may submit and be reimbursed
for expenses of the prior year for college attendance. The board, based upon the limitations
of subsection (c), the number of applicants, and other relevant factors, shall determine the
amount distributed to each applicant. (c) A reserve fund in an amount to be determined by
the board shall be maintained at all times. The Chair of the...
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11-32-2
Section 11-32-2 Definitions. As used in this chapter, the following words and phrases
shall mean the following unless the context clearly indicates otherwise: (1) AD VALOREM TAX.
Those real and personal property ad valorem taxes collected by the county tax collector, the
director of revenue of the county, or revenue commissioner, if any, for the county, but shall
exclude all ad valorem taxes collected for the State of Alabama and all boards of education,
municipalities, fire districts, or other entities located in the county. (2) APPLICANT. A
natural person who files a written application with the governing body of any county to which
this chapter applies and with a municipality in the county, all in accordance with Section
11-32-3. (3) AUTHORITY. The public corporation organized pursuant to this chapter, which shall
be an agency of the state but shall not be a political subdivision of the state. (4) AUTHORIZING
COUNTY. Any county the governing body of which shall have adopted an...
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