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40-9B-4
all other ad valorem taxes, or payments required to be made in lieu thereof, imposed by the
state, counties, municipalities, and other taxing jurisdictions of Alabama, on the major addition
by complying with the procedures set forth in this chapter. Notwithstanding the immediately
preceding sentence, with respect to a data processing center, an abatement of noneducational
ad valorem taxes, other ad valorem taxes, or payments required to be made in lieu thereof,
shall apply to all real and personal property comprising a data processing center,
the costs of which may be capitalized for federal income tax purposes, acquired at any time
during the applicable maximum exemption period, including, but not limited to, computers,
software licensed for use at the qualifying data processing center, equipment supporting computing,
networking, or data storage; cooling systems, cooling towers, and other temperature infrastructure;
power infrastructure for transformation, distribution, or...
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41-10-552
Section 41-10-552 Publication of notice; time limitation on actions contesting proceedings,
validity of obligations, etc. Upon the adoption by the directors of any resolution providing
for the issuance of authority obligations, the authority may, in its discretion, cause to
be published once a week for two consecutive weeks, in newspapers published or having a general
circulation in the Cities of Birmingham, Montgomery, Huntsville, and Mobile, a notice in substantially
the following form (the blanks being properly filled in) at the end of which shall be printed
the name and title of either the president or the secretary of the authority: "Alabama
Incentives Financing Authority, a public corporation under the laws of the State of Alabama,
on the ___ day of _____, authorized the issuance of $ ______ principal amount of bonds (a
guaranty agreement securing $ _____ principal amount of bonds of ___) for purposes authorized
in Title 41, Chapter 10, Article 16, Division 1 of the Code...
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41-10-44.11
Section 41-10-44.11 Publication of notice; time limitation on actions questioning bonds or
proceedings. Upon the adoption by the board of directors of the authority of any resolution
providing for the issuance of project obligations, the authority may, in its discretion, cause
to be published once a week for two consecutive weeks, in newspapers published or having a
general circulation in the Cities of Birmingham, Montgomery, Huntsville and Mobile, a notice
in substantially the following form (the blanks being properly filled in) at the end of which
shall be printed the name and title of either the president or the secretary of the authority:
"The State Industrial Development Authority, a public corporation under the laws of the
State of Alabama, on the ______ day of ___, authorized the issuance of $___ principal amount
of bonds or other obligations of the said public corporation for purposes authorized in Title
41, Chapter 10, Article 2A. The proceeds from the sale of the said...
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41-14A-6
Section 41-14A-6 Establishment of SAFE board of directors; powers and duties of the board of
directors. (a) There is hereby established a Board of Directors of the SAFE Program charged
with responsibility and authority to assess and manage the sufficiency of the collateral pool
and the SAFE Program to provide adequate protection from losses to public depositors. In exercising
its powers and performing its responsibilities, the board of directors shall constitute a
body politic under the laws of the state performing the public function of assuring the safety
of public deposits. (b) The State Treasurer shall be a permanent, standing, voting member
of the board of directors and shall serve as its chair. The Superintendent of Banks shall
be a permanent, standing, non-voting member of the board of directors. The remaining six members
shall each possess knowledge, skill, and experience in one or more of the following areas:
(1) Financial analysis. (2) Trend analysis. (3) Accounting. (4)...
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24-1A-5
to sell the equity of redemption, to purchase the equity of redemption and otherwise to sell
and dispose of the mortgaged property, all as shall seem in the best interests of the authority
and the holders of its bonds; (11) To sell and issue bonds in order to provide funds for any
corporate function, use or purpose; (12) To mortgage, pledge, assign or grant security interests
in any or all of its mortgage loans, mortgages and its interests created thereby in the underlying
real and personal properties covered by such mortgages as security for the payment
of the principal of, and interest on, any bonds issued by the authority, or as security for
any agreements made in connection therewith, whether then owned or thereafter acquired, and
to pledge the revenues from which said bonds are payable as security for the payment of the
principal of, and interest on, said bonds and any agreements made in connection therewith;
(13) To establish such reserves from the proceeds of any issue...
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40-18-1.1
public law (Pub. L. or P.L.) means that the principles set forth in such specified section
or sections and the computations required by such section or sections shall be applied for
purposes of this chapter, but shall be applied to the amounts of gain, loss, income, basis,
earnings, and profits or other items determined for purposes of this chapter and not to such
items for federal income tax purposes. (b) The Legislature hereby finds and declares that
the adoption by this state for its personal and corporate income tax purposes of certain
provisions of the laws of the United States relating to the determination of income for federal
income tax purposes will (1) simplify preparation of state income tax returns by taxpayers,
(2) improve enforcement of the state income tax laws through better use of information obtained
from federal income tax audits, and (3) aid the interpretation of the state tax laws through
increased use of federal judicial and administrative determinations and...
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41-16-21.1
Section 41-16-21.1 Joint purchasing agreements. (a) In the event that utility services are
no longer exempt from competitive bidding under this article, non-adjoining counties may not
purchase utility services by joint agreement under authority granted by this section. (b)(1)
The Division of Purchasing, Department of Finance, is hereby authorized to enter into joint
purchasing agreements to purchase, lease, or lease-purchase, materials, equipment, supplies,
other personal property or services, including child support services, which have been
let by competitive bid or competitive solicitation process by any group or consortium of governmental
entities within or without the State of Alabama upon a finding by the purchasing agent that
such joint purchasing agreements are in the best interests of the State of Alabama. Joint
purchasing agreements entered into by the Division of Purchasing may be utilized by any governmental
entity subject to the requirements of Title 41, Chapter 16,...
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11-101A-19
Section 11-101A-19 Authorization of securities. (a) Any resolution authorizing any securities
under this chapter may contain a recital that they are issued pursuant to this chapter, which
recital shall be conclusive evidence that the securities have been duly authorized pursuant
to this chapter, notwithstanding any other law now in force or hereafter enacted or amended.
Upon the adoption by the board of any resolution providing for the issuance of securities,
the authority may cause to be published once a week for two consecutive weeks in a newspaper
published in the county in which the principal office of the authority is located, or, if
there is no newspaper, then in a daily newspaper published in the state, a notice in substantially
the following form, with any appropriate changes, to the extent applicable and with the blanks
being properly filled in: " ___, a public corporation and instrumentality under the laws
of the State of Alabama, has authorized the...
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14-6A-31
to carry into effect the powers and purposes of the authority. (5) To make, enter into, and
execute contracts, agreements, leases, and other instruments and to take other actions as
may be necessary or convenient to accomplish any purpose for which the authority was organized
or to exercise any power expressly granted under this section. (6) To acquire, receive, take,
or dispose of, by purchase, sale, gift, lease, devise, or otherwise, and to hold property
of every description, real, personal, or mixed, that the authority may deem necessary
to accomplish its purposes. (7) To plan, establish, develop, acquire, purchase, lease, construct,
reconstruct, renovate, enlarge, improve, maintain, equip, and operate a regional jail facility
which will serve as the municipal jail for each member municipality of the regional jail authority.
(8) To sell and issue bonds in order to provide funds for any corporate function, use, or
purpose, pursuant to the same rules and regulations established...
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29-1-26
but not limited to, a local board of education, a two-year institution of higher education,
or a four-year institution of higher education. For purposes of this section, employee means
any of the following: (1) An employee as defined in Section 36-27-1, or a teacher as defined
in Section 16-25-1. An employee as defined in this subsection shall not include any person
receiving pension benefits from the Retirement Systems of Alabama. (2) A person who is personally
providing services under a personal or professional services contract paid for by the
department, agency, board, commission, or educational entity, including the Department of
Postsecondary Education or a two-year institution of higher education, except that persons
appointed by any court or any district attorney in this state to provide legal services on
a temporary, case-by-case, or part time basis shall not be considered an employee for purposes
of this section. (3) A person who has a substantial financial interest by...
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