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16-13-98
Section 16-13-98 Preference and payment of warrants and care of fund. All warrants issued hereunder
by a county or city board of education shall be payable solely from the county or city board
of education's apportioned share of the proceeds of the special tax in respect of which they
were issued, but this shall not prohibit their payment from any other funds which may be available
therefor under any other provision of law; provided, that in no event shall such warrants
be payable from such other funds if the effect thereof would be to subject such warrants to
any constitutional debt limit or to any constitutional requirement that they be authorized
by vote of the qualified voters. All warrants issued hereunder shall be preferred claims against
the county or city board of education's apportioned share of said tax as herein provided.
All valid pledges of the said tax heretofore made, whether made to secure warrants or otherwise,
shall remain valid and effective, and successive pledges...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-98.htm - 4K - Match Info - Similar pages
19-3-120
estate under its control or from itself for any trust or estate any such loan, bond, or other
evidence of indebtedness secured by mortgage, or interest therein, unless the items so acquired
shall in good faith and with due diligence have originally been made or acquired by the fiduciary
for trust investment; and provided further, that this section shall not, insofar as the same
is prohibited by the constitution of this state, authorize the investment of such funds in
the stocks or bonds of private corporations. (7) As a deposit in the savings department
of any bank which is a member of the Federal Deposit Insurance Corporation. In the event the
fiduciary is such a bank, such deposit may be made in its own savings department, and in such
event, it shall only be liable for interest thereon at the same rates, and subject to the
same regulations as other savings deposits therein; provided, that any such deposit in the
savings account shall not exceed the amount authorized to be insured...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/19-3-120.htm - 5K - Match Info - Similar pages
16-13-94
Section 16-13-94 Maturity; payment generally. Capital outlay warrants issued hereunder shall
be payable within the period of usefulness of the improvement or property for which the warrants
are issued as estimated by the county or city board of education, which estimate shall be
conclusive. In no event shall any warrant issued hereunder be made payable on or after the
first of October upon which the special tax pledged for the payment of the warrants last becomes
due and payable. All warrants issued hereunder shall be made payable in substantially equal
annual instalments of principal and interest beginning in the next fiscal year after their
date; provided, that if other warrants issued hereunder or any other law shall be then outstanding
constituting a preferred claim against the same tax, all or any part of the maturities of
such outstanding warrants may be taken together with the maturities of the new warrants to
provide substantially equal instalments of principal and interest;...
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16-13-70
Section 16-13-70 Issuance authorized; purposes; source of payment. (a) Any county board of
education and any city board of education may issue and sell interest-bearing tax anticipation
warrants for the purpose of paying the costs of erecting, acquiring, providing, constructing,
purchasing, altering, enlarging, improving, repairing and equipping school buildings, school
playgrounds and buildings for housing and repairing school buses, and for the purpose of purchasing
school buses, or for any one or more of such purposes. (b) Warrants issued under the provisions
of this article shall not be general obligations of the board of education issuing such warrants
but shall be payable, as to both principal and interest, solely out of one of the following:
(1) The proceeds of any ad valorem tax voted under the constitution for the purpose of paying
such warrants, or for school purposes generally, and paid, apportioned or allocated to or
for the benefit of the board of education issuing such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-70.htm - 4K - Match Info - Similar pages
45-39-245.48
Section 45-39-245.48 Effective date; reduction in rates of taxes; termination of levy of taxes.
(a) If the governing body of the county elects to levy or impose any of the taxes herein authorized
to be levied and imposed, it shall specify, as the effective date of such levy, the first
day of the second calendar month next following that during which such levy is made; provided,
that such governing body may not levy or impose any such taxes unless the effective date of
such levy is the same as the effective date of the levy, by the governing body of Colbert
County, of any of the taxes authorized to be levied and imposed pursuant to Part 4, commencing
with Section 45-17-243, of Article 24 of Chapter 17 of this title. (b) The governing body
of the county may, at any time and from time to time after the levy of any of the taxes herein
authorized, but subject to succeeding provisions of this section, and subject to constitutional
limitations on the impairment of contracts, (1) Reduce the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39-245.48.htm - 4K - Match Info - Similar pages
25-4-51
Section 25-4-51 Rates of contributions, etc., by employers. (a) Contributions. Except as hereinafter
provided and subject to the provisions of Section 25-4-54, every employer shall pay contributions,
or payments in lieu of contributions, equal to the percentages of wages payable or paid as
hereinafter set out, with respect to employment by him. (1) With respect to employment during
calendar years after December 31, 1975, every employer who has been liable to the provisions
of this chapter during a period of time sufficient to have his rate of contribution determined
under the experience rating provisions of Section 25-4-54 shall pay contributions at the rate
prescribed thereby. (2) With respect to employment after December 31, 1975, every employer
who has not been liable to the provisions of this chapter for a sufficient length of time
to have his rate determined under the experience rating provisions of Section 25-4-54 shall
pay contributions at the rate of 2.70 percent of such wages...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-51.htm - 33K - Match Info - Similar pages
25-4-10
mean an individual who: (i) Furnishes individuals to perform service in agricultural labor
for any other persons; (ii) Pays (either on his or her own behalf or on behalf of such other
person) the individuals so furnished by him or her for the service in agricultural labor performed
by them; and (iii) Has not entered into a written agreement with the farm operator under which
such crew leader is designated as an employee of such farm operator. b. Domestic service after
December 31, 1977, in a private home, local college club, or local chapter of a college
fraternity or sorority performed for a person, their spouse, or estate who paid cash remuneration
of $1,000 or more in any calendar quarter in the current calendar year or the preceding calendar
year to individuals employed in such domestic service. For the purposes of this paragraph
b. the term "domestic service" includes all service for a person in the operation
and maintenance of a private household, local college club, or local...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-10.htm - 38K - Match Info - Similar pages
16-13-303
Section 16-13-303 Notes not general obligations; source of payment. (a) Warrants issued under
this article shall not be general obligations of the board issuing such warrants but shall
be payable solely from the designated revenues or tax proceeds of the board which may be lawfully
applied to the payment of indebtedness of such board, including funds derived from any one
or more of the following sources: (1) The proceeds of any ad valorem tax or taxes levied for
the purpose of paying such warrants, or for educational or public school purposes, and paid,
apportioned, allocated, or distributed to or for the benefit of the board. (2) The proceeds
of any privilege, license, or excise tax or taxes that may be paid, apportioned, allocated,
or distributed to or for the benefit of the board. (3) Any revenues of whatsoever kind or
nature (including, without limitation, payments pursuant to agreements delivered pursuant
to this article and payments in lieu of taxes) that may be paid,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-303.htm - 4K - Match Info - Similar pages
11-99-8
30 years from the date thereof. The tax increment obligations may (i) contain provisions authorizing
the redemption thereof, in whole or in part, at stipulated prices, at the option of the public
entity, on any dates named therein and provide the method of selecting the obligations to
be redeemed, (ii) be payable at any time or times and at any place, (iii) be payable to bearer
or registered as to principal or principal and interest, (iv) be in any denominations, and
(v) be sold at public or private sale. (e) Tax increment obligations shall be payable
only out of a stipulated tax increment fund created pursuant to Section 11-99-6 hereof, except
as provided in paragraph (f) of this section. The local governing body shall irrevocably pledge
all or a part of such tax increment fund to the payment of the tax increment obligations.
The tax increment fund may thereafter be used only for the payment of the principal of and
interest on the tax increment obligations payable therefrom until they...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99-8.htm - 4K - Match Info - Similar pages
16-13-120
and issue interest-bearing warrants, the principal of and the interest on which shall be payable
solely from that portion of the proceeds from such tax or tax equivalent which may be apportioned
and paid to such board of education. Any such warrants may bear such rate or rates of interest
not exceeding 12 percent per annum, payable semiannually, may be in such denomination or denominations,
may mature over such period of time not exceeding 30 years after their date, may be sold at
public or private sale at such price or prices, may be made redeemable prior to maturity
at the option of the issuing board at such redemption price or prices and on such conditions,
may be made payable within or without the state, and may contain such details, all as the
board of education issuing such warrants may provide in the proceedings wherein the warrants
are authorized to be issued. The board of education issuing such warrants shall secure the
payment of the principal thereof, and interest thereon...
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