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11-97-18
Section 11-97-18 Exemption from taxation. (a) Every corporation shall exercise its powers
in all respects for the benefit of the people of the state, for their well being, and for
the improvement of their health, welfare, and social condition, and the exemptions from taxation
hereinafter described are hereby granted in order to promote the more effective and economical
exercise of such powers. (b) No income, sales, use, or other excise or license tax shall be
levied upon or collected in the state with respect to any corporate activities of a corporation
or any of its revenues, income, or profit. No ad valorem tax or assessment for any public
improvement shall be levied upon or collected in the state with respect to any property during
any time that title to such property is held by a corporation, including, without limiting
the generality of the foregoing, any time that such property is leased to a provider by a
corporation pursuant to a lease which provides that title to such property...
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41-10-36
Section 41-10-36 Definitions. Unless the context requires otherwise, the terms defined
in this section shall have the following meanings for purposes of this division: (1)
AFFECTED BOND. Any obligation or portion thereof which is required under the terms of the
code to receive an allocation of the state ceiling as a condition for the exclusion of interest
on such obligation from the gross income of the recipient thereof for federal income tax purposes.
(2) ALLOCATION. An allocation of a portion of the state ceiling issued by the authority pursuant
to the provisions of this division. (3) APPLICATION. An application for an allocation, submitted
by an issuer under the provisions of this division. (4) APPLICATION FOR CARRYFORWARD ALLOCATION.
Any application filed with the authority seeking an elective carryforward of unused limitation
for a "carryforward purpose" as defined in Section 146(f)(5) of the code.
(5) AUTHORITY. The State Industrial Development Authority, a public corporation of...
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45-27A-60
Section 45-27A-60 Town of Pollard Trust Account. (a)(1) There is hereby established
a trust account for the Town of Pollard, Alabama, for the exclusive benefit of the Town of
Pollard and its citizens. The name of the trust fund shall be the Town of Pollard Trust Account.
(2) In order to preserve for future generations the Town of Pollard Trust Account and to ensure
water service, garbage pickup, grass mowing, and general maintenance of public property, expenditures
from the income of the trust are authorized only for the following uses: a. Maintenance and
replacement of water system equipment and property. b. The payment of utility charges incurred
by the town. c. Purchase and maintenance of insurance for the water system, other town property,
and bonding fees required by law for the mayor, the town clerk, and any other person authorized
to sign checks for the Town of Pollard. d. Repair and replacement of town equipment. e. Employment
of two permanent employees to perform garbage...
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35-12-72
Section 35-12-72 Presumption of abandonment. (a) Property is presumed abandoned if it
is unclaimed by the apparent owner during the time set forth below for the particular property:
(1) Traveler's checks, 15 years after issuance. (2) Money order, five years after issuance.
(3) A demand, savings, or time deposit including a deposit that is automatically renewable,
three years after the earlier of maturity, as extended from time to time, or the date of the
last indication by the apparent owner of interest in the property. (4) Tangible and intangible
property held in a safe deposit box or other safekeeping depository in this state in the ordinary
course of the holder's business and proceeds resulting from the sale of the property permitted
by other law, three years after expiration of the lease or rental period on the box or other
depository. (5) Money or credits owed to a customer as a result of a retail business transaction,
one year after the obligation accrued. (6) Property in an...
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11-96A-3
Section 11-96A-3 Municipalities or counties empowered to take certain actions to carry
out purpose of chapter. The council or other governing body of any municipality, or governing
body of a county in furtherance of the legislative purpose stated above, is empowered to take
the following actions and to the extent necessary or desirable in its judgment to expend its
moneys to accomplish such purpose: (1) To acquire sites for, purchase, construct, own, develop,
operate, survey, subdivide, establish, maintain, refurbish, remodel, or improve single or
multi-family dwellings; (2) To receive designated funds from whatever source, federal, state,
private, or otherwise and to apply such funds for the uses and purposes described in this
chapter; (3) To sell and issue bonds or warrants in order to provide funds for any low or
moderate income single or multi-family housing purpose or to provide funds for any shelter
for the homeless purpose; (4) To purchase mortgage loans from mortgage lenders;...
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16-22-13
Section 16-22-13 Cost-of-living adjustment for certain public education employees; miscellaneous
pay provisions. (a) The state Budget Officer shall allocate to the State Board of Education,
the boards of trustees of the public universities, the Board of Trustees of the Alabama Institute
for Deaf and Blind, the Board of Youth Services School District, the Board of Directors of
the Alabama School of Fine Arts, and the Board of Trustees of the Alabama High School of Mathematics
and Science for disbursement to the employees thereof funds based on the criteria established
in this section. It is not the intent of this section to make appropriations,
but the appropriations required by this section shall be made in the annual budget
act for the public schools and colleges. (1) CERTIFICATED PERSONNEL (K-12). For the fiscal
year beginning October 1, 1998, and each year thereafter, each cell on the State Minimum Salary
Schedule contained in the annual budget act for the public schools shall be...
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37-11B-5
Section 37-11B-5 Actions in accordance with State Rail Plan or studies. (a)(1) Based
on information gathered in the State Rail Plan or any studies conducted pursuant to subdivision
(5) of Section 37-11B-4, ADECA with the assistance of the commission for purposes of
promoting passenger or freight rail service, or both, may do all of the following: a. Select
or recommend routes and locations, perform preliminary engineering and surveying, acquire
necessary rights-of-way and property, perform site improvements, and otherwise plan, develop,
construct, and own a rail line, or portion thereof, that connects to the rail line of a railroad
corporation. b. Take any action described in subdivision (1) for the purpose of assisting
a railroad corporation or other entity in developing, constructing, improving, and owning
a rail line, or portion thereof, for any other purpose as approved by ADECA that promotes
economic development associated with rail infrastructure or passenger or freight rail...
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9-2-121
Section 9-2-121 Land Resources Information Center; survey and compilation of data; agencies
to file legal instruments. (a) There is hereby created and established within the Lands Division
of the Department of Conservation and Natural Resources a State Land Resources Information
Center which shall compile certain data and information as hereinafter prescribed on all state
owned lands, including those lands owned by state supported educational institutions, excepting
however, lands acquired for highway rights of way. Such center shall be under the supervision
of the Director of the Lands Division, Department of Conservation and Natural Resources who
shall compile and keep up to date the following data and information on such lands: (1) Location
- should include postal address and metes and bounds description where applicable; (2) Size
- acreage and dimensions of lot or parcel; (3) Type of development - agricultural, commercial,
governmental, institutional, educational, residential,...
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11-50A-7
Section 11-50A-7 Tax exemptions; payments in lieu of taxes. All bonds, bond anticipation
notes, and notes issued by the authority, the interest thereon, and the income therefrom shall
be forever exempt from all taxation in the state. All income of the authority, all obligations,
lease agreements, and mortgages of the authority, all conveyances by or to the authority,
and all lien notices or other filings with respect to the property of the authority and the
transfer thereof shall be forever exempt from any and all taxation in the state. The purchase,
sale, or use of property by the authority shall be exempt from all sales, use, and license
taxes levied by the state and all political subdivisions of the state. All property of the
authority shall be exempt from ad valorem property taxation. Nevertheless, the authority,
or any agent of the authority designated for the purpose of constructing, maintaining, or
operating any project of the authority, shall pay to any validly constituted...
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11-88-7.1
Section 11-88-7.1 Additional powers. (a) Any authority organized or operating pursuant
to Chapter 88 of Title 11 shall, in addition to all other powers now or hereafter granted
by law, have the following powers and rights: (1) To borrow money for temporary use for any
of its corporate purposes and, in evidence of such borrowing, to issue from time to time revenue
bonds or notes maturing not later than 36 months from the date of issuance. Any such temporary
borrowing may be made in anticipation of the sale and issuance of long-term revenue bonds,
and in such event, the principal proceeds from the sale of such long-term revenue bonds shall,
to the extent necessary, be used for payment of the principal of and the interest on the temporary
revenue bonds or notes issued in anticipation of the sale and issuance of such long-term revenue
bonds. Any such temporary borrowing may also be made with respect to a project simultaneously
with or after the sale and issuance of long-term revenue bonds...
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