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24-1-116
Section 24-1-116 Cooperation of authorities. Any two or more authorities may join or cooperate
with one another in the exercise, either jointly or otherwise, of any or all of their powers
for the purpose of financing (including the issuance of bonds, notes, or other obligations
and giving security therefor), planning, undertaking, owning, constructing, operating, or
contracting with respect to a housing project or projects located within the boundaries of
any one or more of said authorities. For such purpose an authority may by resolution prescribe
and authorize any other housing authority or authorities so joining or cooperating with it
to act on its behalf with respect to any or all of such powers. Any authorities joining or
cooperating with one another may by resolutions appoint from among the commissioners of such
authorities an executive committee with full power to act on behalf of such authorities with
respect to any or all of their powers, as prescribed by resolutions of such...
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11-92C-23
Section 11-92C-23 Loans, sales, grants, guarantees, and contractual or lease obligations of
money or property. (a) For the purpose of securing services of or the right to use or the
use by its citizens or customers of one or more projects of an authority, a cooperative district
of which the authority is a member, or any private user, or aiding or cooperating with the
authority, a cooperative district of which the authority is a member, or any private user
in the planning, development, undertaking, acquisition, construction, extension, improvement,
financing, operation, or protection of a project, any county, municipality, or other political
subdivision, public corporation, agency, or instrumentality of this state, upon such terms
and with or without consideration, as it determines, may do all of the following: (1) Lend
or donate money to, guarantee all or any part of the indebtedness or operating expense of,
or perform services for the benefit of, the authority, a cooperative district...
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16-17-16
Section 16-17-16 Earnings of authority. The authority shall be a nonprofit corporation, and
no part of its net earnings remaining after payment of its expenses shall inure to the benefit
of any individual, association or corporation; except, that in the event the board of directors
of the authority shall determine that sufficient provision has been made for the full payment
of the expenses, bonds and other obligations of the authority, then any net earnings thereafter
accruing shall be paid to the determining municipality or to an educational institution to
construct, operate or maintain ancillary improvements, as the board of directors may direct
by resolution. (Acts 1966, Ex. Sess., No. 222, p. 325, §16; Acts 1978, No. 841, p. 1258,
§1.)...
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40-9C-4
Section 40-9C-4 Authorization of abatement. (a) Noneducational ad valorem taxes, construction
related noneducation transaction taxes, except those construction related transaction taxes
levied for educational purposes or for capital improvements for education, and mortgage and
recording taxes may be abated with respect to brownfield development property and security
documents and other recordable documents associated therewith as provided in this chapter.
(b) No abatement of noneducational ad valorem taxes may exceed the maximum exemption period
of 20 years. No further abatement with respect to the same brownfield development property
may be granted unless there is a major addition to the property, in which event abatement
may be granted only with respect to the noneducational ad valorem taxes on the major addition
by complying with the procedures set forth in this chapter. (c) An abatement of construction
related noneducation transaction taxes shall apply only to tangible personal...
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16-17-10
Section 16-17-10 Bonds of authority. (a) All bonds issued by the authority shall be signed
by its chairman and attested by its secretary, and the seal of the authority shall be affixed
thereto, and any interest coupons applicable to the bonds of the authority shall be signed
by the said chairman; provided, that a facsimile of the signature of one, but not both, of
said officers may be printed or otherwise reproduced on any such bonds in lieu of his manually
signing the same, a facsimile of the seal of the authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto and a facsimile of the signature
of the chairman of the authority may be printed or otherwise reproduced on any such interest
coupons in lieu of his manually signing the same. (b) Any such bonds may be executed and delivered
by the authority at any time and from time to time, shall be in such form and denominations
and of such tenor and maturities, shall contain such provisions...
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16-18-11
Section 16-18-11 Bonds of authority. (a) All bonds issued by the authority shall be signed
by its chairman and attested by its secretary, and the seal of the authority shall be affixed
thereto, and any interest coupons applicable to the bonds of the authority shall be signed
by the said chairman; provided, that a facsimile of the signature of one, but not both, of
said officers may be printed or otherwise reproduced on any such bonds in lieu of his manually
signing the same, a facsimile of the seal of the authority may be printed or otherwise reproduced
on any such bonds in lieu of being manually affixed thereto and a facsimile of the signature
of the chairman of the authority may be printed or otherwise reproduced on any such interest
coupons in lieu of his manually signing the same. (b) Any such bonds may be executed and delivered
by the authority at any time and from time to time, shall be in such form and denominations
and of such tenor and maturities, shall contain such provisions...
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41-10-673
Section 41-10-673 Powers and duties of the authority. The authority shall have, in addition
to all powers heretofore granted to the authority pursuant to the enabling act, the following
powers: (1) To sell and issue the bonds authorized herein for the purposes specified herein.
(2) To pledge the pledged revenues as security for the payment of the bonds. (3) To acquire
any real or personal property and to convey the same to the companies or to any local governmental
entity with or without consideration. (4) To lease any real or personal property to the companies
or to any local governmental entity for use in any part of the projects. (5) To mortgage any
part of the projects as security for the bonds. (6) To make, enter into, and execute contracts,
agreements, or other instruments necessary to acquire or construct capital improvements to
any part of the projects. (7) To incur ancillary costs, projects costs, and training costs
and to pay for the same out of proceeds of the bonds, subject...
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11-54-120
Section 11-54-120 Definitions. Wherever used in this division, unless a different meaning clearly
appears in the context, the following terms, whether used in the singular or plural, shall
be given the following respective interpretations: (1) INDUSTRIAL DEVELOPMENT BOARD. Any public
corporation now in existence or hereafter organized pursuant to the provisions of the Industrial
Development Board Act. (2) INDUSTRIAL DEVELOPMENT BOARD ACT. a. Act No. 648 enacted at the
1949 Regular Session of the Legislature of Alabama, as amended (Division 1 of this article),
and b. This chapter. (3) ANCILLARY FACILITY. Any land and any building or other improvement
thereon and all real and personal properties deemed necessary in connection therewith, including
without limitation office facilities and any other necessary or appropriate facilities, whether
or not now in existence, which shall be suitable for use by any of following or by any combination
of two or more thereof: a. Any industrial...
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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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41-10-653
Section 41-10-653 Powers of the authority. The authority shall have, in addition to all powers
heretofore granted to the authority pursuant to Division 1, the following powers: (1) To sell
and issue the bonds authorized herein for the purposes specified herein. (2) To pledge the
pledged revenues as security for the payment of the bonds. (3) To acquire any real or personal
property and to convey the same to the company or to any local governmental entity with or
without consideration. (4) To lease any real or personal property to the company or to any
local governmental entity for use in any part of the project. (5) To mortgage any part of
the project as security for the bonds. (6) To make, enter into, and execute contracts, agreements,
or other instruments necessary to acquire or construct capital improvements to any part of
the project. (7) To incur ancillary costs, project costs and training costs and to pay for
the same out of proceeds of the bonds, subject to the provisions of...
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