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26-10-26
Section 26-10-26 Subsidies - Report; modification of subsidy; review; duration of subsidy.
(a)(1) The department may require the adoptive parent or parents to submit a report, annually
or at a time or times specified in the agreement or when the department is investigating an
allegation of improperly received benefits. The parent shall state in the report that the
child remains under their care and any change in the conditions or circumstances of the adopting
parent or the needs of the child. The subsidy agreement shall continue according to its terms,
except as provided by this article. The department may confirm the accuracy and veracity of
the report from any reliable sources of information concerning the adoptive family and child,
including any governmental or private agency that serves the area in which the child resides.
If the report or information received by the department indicates a substantial change in
the conditions that existed when the adoption subsidy agreement was...
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11-92A-23
Section 11-92A-23 Special reserve funds and applications for appropriations. (a) In addition
to all other powers at any time conferred upon an authority by law, an authority may, in connection
with the issuance of any bonds hereunder, create and establish one or more special debt service
reserve funds (a "debt service reserve fund"), and may pay or cause to be paid into
each debt service reserve fund (i) proceeds from bonds issued pursuant hereto to the extent
provided by the authority authorizing the issuance thereof; (ii) any moneys appropriated and
made available by the Legislature for the purpose of such fund; and (iii) any other moneys
that may be made available to the authority from any other source for the purpose of such
fund. All moneys held in a debt service reserve fund shall be used solely for the payment
of the principal of, premium, if any, and interest on bonds secured, in whole or in part,
by that fund when and as the same become due and payable as provided in the...
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23-1-40
of participants or best value, or both, as evaluated by procedures of the department and taking
into consideration the best interest of the State of Alabama. (6) Proposals shall use the
standard specifications of the department or other specifications the department determines
necessary for the project. (i) (1) Notwithstanding any law to the contrary, the Department
of Transportation may provide compensation for an uncontested claim not to exceed five thousand
dollars ($5,000) for injury to a person or property or to pay an unpaid vendor invoice
without approval of the State Board of Adjustment where the department determines in justice
and good morals the claim should be paid. Any claim shall be subject to the same statute of
limitations as provided in Section 41-9-65. The department shall develop procedures for the
filing, review, and payment of uncontested claims. Any claim prior to payment shall be approved
by the Director of Transportation or his or her designee. The...
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41-10-46.01
Section 41-10-46.01 Investment by qualified funds. (a) Any qualified fund may invest at least
three percent of its corpus in one or more approved opportunity funds. (b) The following terms
shall have the following meanings: (1) "ADECA" shall mean the Department of Economic
and Community Affairs. (2) "Approved opportunity fund" shall mean any fund approved
by ADECA as meeting all of the following: a. ADECA determines that the fund has the capacity
to improve Alabama's low-income opportunity zone communities by approving an application showing
all of the following: 1. The amount of existing committed capital or potential to raise committed
capital. 2. The investment track record or strength of the applicant's management team. 3.
The existing project pipeline or strategy for developing new pipeline. 4. The fund structure
and anticipated returns within that fund structure. 5. The presence of sound legal, accounting,
and compliance policies and procedures. 6. A strategy for measuring,...
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45-37-170.26
Section 45-37-170.26 Powers of authority. The authority shall have the following powers together
with all powers incidental thereto or necessary for the performance of the powers stated in
this section: (1) To have succession by its corporate name without time limit. (2) To sue
and be sued and to prosecute and defend civil actions in any court having jurisdiction of
the subject matter and of the parties. (3) To have and to use a corporate seal and to alter
the same at its pleasure. (4) To receive and expend funds from federal, state, county, municipal,
and private sources for the purposes hereof. (5) To dig channels, build dikes, dams, and lakes
or ponds to contain flood waters as deemed useful by it to improve flood control, and whenever
practical to build any and all facilities which can contribute to the use of such flood control
channels for navigation. (6) To contract with municipalities and counties for the financing
and joint construction and operation of such facilities. (7) To...
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11-92A-1
application for the incorporation or reincorporation of an authority pursuant to the provisions
of this chapter. (9) PERSON. Unless limited to a natural person by the context in which it
is used, any person, including, without limitation, a private firm, a private association,
a corporation, and a public person. (10) PROBATE JUDGE. The judge of probate of the county
of incorporation of an authority. (11) PROJECT. Any land and any buildings or other improvements
thereon, and all real, personal, and mixed properties deemed by an authority to be
necessary or appropriate in connection therewith, whether or not now in existence, which shall
be suitable for use by the following or by any combination of two or more thereof: a. Any
industry for the manufacturing, processing, cultivating, or assembling of any agricultural
or manufactured products; b. Any commercial enterprise involved in storing, warehousing, distributing,
or selling products of agriculture, mining, or industry (but not...
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23-7-17
Section 23-7-17 Bonds authorized. (a) Whenever it shall become necessary that monies be raised
for qualified projects, including monies to be used to refund any bonds then outstanding,
the bank may issue bonds as provided in this chapter. (b) The bank may pledge any of its revenue
or funds to the payment of its bonds, subject to any prior pledges for other outstanding bonds
or other financial assistance of the bank and, in the case of those revenues described in
subdivisions (1) and (2) of subsection (a) and subsection (b) of Section 23-7-6, pledges by
Alabama Federal Aid Highway Finance Authority and Alabama Highway Finance Corporation of the
revenues for bonds issued by those entities. Bonds may be secured by a pledge of any loan
obligation owned by the bank, any grant, contribution, or guaranty from the United States,
the state, or any corporation, association, institution, or person, any other financial assistance
provided by the bank, any bond insurance, guarantees, letters of...
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34-27-6
Section 34-27-6 Real estate courses and schools. (a) For purposes of this section and rules
adopted pursuant thereto, the following terms shall have the following meanings: (1) ADMINISTRATOR.
A person designated by a principal school or branch school and approved by the commission
to be the person responsible to the commission for all acts governed by this chapter and applicable
rules which govern the operation of schools. (2) APPROVED COURSE. Any course of instruction
approved by the commission that satisfies commission requirements for prelicense education,
postlicense education, or continuing education. (3) APPROVED SCHOOL. Any proprietary educational
institution offering only commission approved continuing education courses and any accredited
college or university that offers any commission approved course. (4) BRANCH SCHOOL. Any school
under the ownership of a principal school which offers commission approved courses at a permanent
location. (5) INSTRUCTIONAL SITE. Any physical...
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40-18-376
Section 40-18-376 Investment credit; realization methods; regulations. (a) If provided for
in the project agreement, the incentivized company is allowed an investment credit in an annual
amount equal to 1.5 percent of the capital investment incurred as of the beginning of the
incentive period, to be used as follows: (1) To offset the income taxes found in this chapter,
or as an estimated tax payment of income taxes; (2) To offset the financial institution excise
tax found in Chapter 16; (3) To offset the insurance premium tax levied by Section 27-4A-3(a),
or as an estimated payment of insurance premium tax; (4) To offset utility taxes; or (5) To
offset some combination of the foregoing, so long as the same credit is used only once. The
incentive period shall begin no earlier than the placed-in-service date. The incentive period
shall be 10 years. Should only some portion of a tax year be included in the incentive period,
the amount of the investment credit shall be prorated on a daily...
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11-50A-7
maintaining, or operating any project of the authority, shall pay to any validly constituted
taxing authority of the state, or any county or municipality or other political subdivision
thereof, that levies ad valorem, sales, use, license, or severance taxes, payments in lieu
of those taxes equal in amount to the ad valorem, sales, use, license and severance taxes
which would have been paid by private persons engaged in the same or similar business within
the state with respect to real and personal property owned, leased, or otherwise used,
and with respect to the purchases, sales, or use of property, within the taxing jurisdictions
of those entities had the properties of the authority been owned, leased, used, or purchased
by such private persons. Payment of such amounts in lieu of taxes shall be made at the time
taxes of such nature would be payable by private persons and shall be received, treated, deposited,
and appropriated by those taxing jurisdictions for all purposes in the...
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