41-16A-10
Section 41-16A-10 Reliance of grantor party on legal authority of entity. Any grantor party
and each person claiming by, through, or under a grantor party may conclusively rely on the
legal authority of a governmental entity to enter into an alternative financing contract and
to perform the obligations of such governmental entity thereunder. (Acts 1993, No. 93-261,
p. 389, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16A-10.htm - 690 bytes - Match Info - Similar pages

11-104-3
Section 11-104-3 Establishment of trust or participation in multiple-employer trust; management
and control; taxation; validity; termination. (a) A governmental entity may adopt an ordinance,
bylaw, or resolution allowing for the establishment of a trust, or for the establishment of
participation in a multiple-employer trust with other governmental entities, for the sole
purpose of funding post-employment benefit obligations. The governmental entity may adopt
such ordinance, bylaw, or resolution through voting procedures and requirements currently
utilized by the governmental entity which are in accordance with state law. (b) Any trusts
created pursuant to this chapter shall be evidenced by a written trust instrument, the terms
and conditions of which shall be determined by and between the governmental entity or entities
and the applicable trustee, so long as such terms and conditions do not conflict with this
chapter. Each trust shall be managed and controlled by its respective...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-104-3.htm - 3K - Match Info - Similar pages

11-20-74
Section 11-20-74 Borrowing of money; security. (a) Subject to the conditions, qualifications,
and restrictions set forth in subsection (b), an agriculture authority may borrow money from
any person or governmental entity. As security for any money borrowed, together with interest
thereon, and any obligations incurred or assumed, an agriculture authority may mortgage, pledge,
or otherwise transfer and convey its real, personal, and mixed property, or any part or parts
thereof, whether then owned or thereafter acquired, including any franchises then owed or
thereafter adopted and all or any part of any funds of the authority. In a resolution authorizing
the mortgage given to secure the payment thereof, an agriculture authority, in addition to
its other powers, shall have the power to agree with the several holders of the mortgage to
make, enter, and perform covenants and agreements as to all of the following: (1) The conduct,
management, and maintenance of the properties held by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-74.htm - 3K - Match Info - Similar pages

16-17A-17
Section 16-17A-17 Conveyance of property, etc., to authority; pledge of full faith and credit.
(a) The state, any university, any governmental entity, and any public corporation is hereby
authorized to give, transfer, convey, or sell to any authority or a university affiliate,
with or without consideration: (1) Any of its health care facilities and other properties,
real or personal, and any funds and assets, tangible or intangible, relative to the ownership
or operation of any such health care facilities, including any certificates of need, assurances
of need, or other similar rights appertaining or ancillary thereto, irrespective of whether
they have been exercised. (2) Any taxes, revenues, or funds owned or controlled by it. (3)
Nothing in this chapter shall be construed as allowing an authority or university affiliate
to be exempt from compliance with all applicable laws and regulations of the State Certificate
of Need program and the Alabama State Health Planning and Development...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17A-17.htm - 2K - Match Info - Similar pages

16-17A-19
Section 16-17A-19 Sovereign immunity; damage limitation. (a) This chapter is not intended to
extend or grant sovereign immunity to any authority or university affiliate that is not entitled
to sovereign immunity under applicable law. Nor is this chapter intended to limit or remove
sovereign immunity for any authority or university affiliate that is entitled to sovereign
immunity under applicable law. (b) An authority or university affiliate not entitled to sovereign
immunity shall be entitled to the benefits of the damage limitation for tort actions provided
in Chapter 93 of Title 11, if the authority or university affiliate meets both of the following
requirements: (1) An entity that is a governmental entity within the meaning of Section 11-93-1,
participates in the organization of the authority or university affiliate. A governmental
entity participates in the organization of an authority or university affiliate if the governmental
entity enters into an affiliation agreement or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17A-19.htm - 2K - Match Info - Similar pages

41-10-38
Section 41-10-38 Allocation formulae. (a) The state ceiling for calendar year 1989 and thereafter
is hereby allocated in its entirety to the state, and no other governmental unit, issuer,
or other entity of any type shall have or utilize any portion of the state ceiling for such
year except in accordance with this division. The state ceiling for calendar year 1989 and
thereafter shall be redistributed by the authority to issuers of affected bonds in the chronological
order of receipt of completed applications, subject to the limitations, reservations and further
provisions of this subsection. (1) There is hereby reserved for Alabama Housing Finance Authority
25 percent of the state ceiling for each calendar year, to be used for the issuance of exempt
facility bonds for qualified residential rental projects and for the issuance of qualified
mortgage bonds, in such relative principal amounts as shall be determined by the Board of
Directors of Alabama Housing Finance Authority. The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-38.htm - 6K - Match Info - Similar pages

41-16A-4
Section 41-16A-4 Authorization to utilize alternative financing contracts; scope of contracts.
In addition to and not as a limitation upon other powers and authority, any governmental entity
shall have the power and authority to execute, perform, and authorize payments under any alternative
financing contract relating to any eligible property deemed by such governmental entity to
be necessary, useful, or appropriate to one or more lawful purposes of such governmental entity.
Any alternative financing contract may provide financing or a source of funds for any or all
costs of acquiring (by lease, purchase, lease-purchase, or otherwise), installing, equipping,
and/or improving any eligible property and for any or all associated costs, fees, and expenses
(including, without limitation, finance charges). (Acts 1993, No. 93-261, p. 389, §4.)...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16A-4.htm - 1K - Match Info - Similar pages

11-92B-17
Section 11-92B-17 Participation in Employees' Retirement System. An authority, by resolution
legally adopted to conform to rules prescribed by the Board of Control of the Employees' Retirement
System, may elect to have its officers and employees become eligible to participate in the
Employees' Retirement System. (Act 2009-337, p. 569, §17.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92B-17.htm - 650 bytes - Match Info - Similar pages

16-17A-15
Section 16-17A-15 Exemptions from taxation. Notwithstanding any provision of law to the contrary:
(1) Any indebtedness issued by an authority or a university affiliate, and the income therefrom,
including any profit from the sale thereof, shall be exempt from taxation by the state or
other governmental entity of the state. (2) All properties of an authority or a university
affiliate, whether real, personal, or mixed, and the income therefrom, shall be exempt from
any and all taxation by any governmental entity. (3) An authority shall not be obligated to
pay or allow to be paid any fees, taxes, costs, or charges of any nature to the Secretary
of State or to any judge of probate of any county in respect of the filing or recording of
any document. (4) The gross proceeds of the sale of any property used in the business or activities
of an authority, or in the acquisition, construction, renovation, or equipping of any health
care facilities for an authority or a university affiliate,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17A-15.htm - 1K - Match Info - Similar pages

27-22A-4
Section 27-22A-4 Authority of vendors of portable electronics. (a) The employees and authorized
representatives of vendors may sell or offer portable electronics insurance to customers and
shall not be subject to licensure as an insurance producer under this chapter provided that:
(1) The vendor obtains a limited lines license to authorize its employees or authorized representatives
to sell or offer portable electronics insurance pursuant to this section. (2) The insurer
issuing the portable electronics insurance either directly supervises or appoints a supervising
entity to supervise the administration of the program including development of a training
program for employees and authorized representatives of the vendors. The training required
by this subdivision shall comply with all of the following: a. The training shall be delivered
to employees and authorized representatives of the vendors who are directly engaged in the
activity of selling or offering portable electronics...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-22A-4.htm - 3K - Match Info - Similar pages