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27-37-7
Section 27-37-7 Valuation - Real property and personal property acquired pursuant to chattel
mortgages. (a) Real property acquired pursuant to a mortgage loan or contract for sale, in
the absence of a recent appraisal deemed by the commissioner to be reliable, shall not be
valued at an amount greater than the unpaid principal of the defaulted loan or contract at
the date of such acquisition, together with any taxes and expenses paid or incurred in connection
with such acquisition, and the cost of improvements thereafter made by the insurer and any
amounts thereafter paid by the insurer on assessments levied for improvements in connection
with the property. (b) Other real property held by an insurer shall not be valued at an amount
in excess of fair value as determined by recent appraisal. If valuation is based on an appraisal
more than three years old, the commissioner may at his discretion call for and require a new
appraisal in order to determine fair value. (c) Personal property...
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36-21-4.1
Section 36-21-4.1 Overtime - Pay or compensation leave for nonelected law enforcement officer
in service of county. (a) Any nonelected law enforcement officer in the service of a county
who has worked a number of hours in excess of the established and recurring work period, shall
be compensated according to the standards and guidelines established by the Fair Labor Standards
Act (29 C.F.R. ยง 553.200, et seq.). The officer shall be compensated at a rate of not less
than one and one-half hours for each hour of employment for which overtime is required. Nonelected
law enforcement officers may receive, in lieu of overtime pay, compensatory time off at a
rate of not less than one and one-half hours for each hour of employment for which overtime
is required. (b) Any law enforcement officer covered by this section who works overtime during
any calendar month shall on the last day of the month file in writing a statement indicating
the number of hours of overtime worked. The decision as to...
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41-9-249.1
Section 41-9-249.1 Contracts for recovery or salvage of archaeological treasure, etc. (a) Notwithstanding
any provision of law to the contrary, the Alabama Historical Commission may enter into contracts
with any group or person for the recovery or salvage of archaeological treasure, sunken or
abandoned ships and wrecks of the sea, or parts thereof or their contents, which are determined
to be located on state owned lands, or on private land if the written consent of the owner
thereof is first obtained. Such contracts shall be on forms approved by the commission and
may provide for fair compensation to the salvager, and owner of the private land where applicable,
in terms of a percentage of the reasonable cash value of the objects recovered or at the discretion
of the commission, of a fair share of the objects recovered. The amount constituting a fair
share shall be determined by the commission, taking into consideration the circumstances of
each operation, and the reasonable cash value...
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18-1A-196
Section 18-1A-196 Basis for opinion as to value. As a basis for an opinion as to value, a valuation
witness qualified under subsection (a) of Section 18-1A-192 may consider, inter alia: (1)
The price and other circumstances of any good faith sale of all or part of the property sought
to be taken, whether the sale was entered into before or after the valuation date. (2) The
price and other terms and circumstances of any good faith sale of comparable property. A sale
is comparable within the meaning of this section only if it was made within a reasonable time
before or after the valuation date and the property is sufficiently similar in the relevant
market, with respect to situation, location, size, usability, improvements, and other characteristics,
to warrant a reasonable belief that it is comparable to the property being valued. Any proposed
comparable sale that fails to meet the foregoing standards shall not be admissible. (3) The
terms and circumstances of any lease made in good...
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40-8-4
Section 40-8-4 Assessment ratios for purposes of local taxation. (a) During the ad valorem
tax year beginning October 1, 1978, with respect to any ad valorem tax levied by a county,
municipality, or other taxing authority other than the state, the governing body of any such
county, municipality, or other taxing authority may at any time, effective for ad valorem
tax years beginning on and after October 1, 1978, increase or decrease the ratio of assessed
value to the fair and reasonable market value or, as may otherwise be provided by law, to
the current use value, as the case may be (herein called "the assessment ratio"),
of any class of taxable property within the limits prescribed in the Constitution; provided,
that the county, municipality, or other taxing authority meets the criteria contained in this
section. If the receipts from any ad valorem tax with respect to which any assessment ratio
has been so adjusted by any taxing authority during the ad valorem tax year beginning...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-8-4.htm - 4K - Match Info - Similar pages
18-1A-3
Section 18-1A-3 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ACTION. Condemnation
action. (2) APPRAISAL. An opinion as to the value of or compensation payable for property,
prepared by the owner or under the direction of an individual qualified by knowledge, skill,
experience, training, or education to express an opinion as to the value of property. (3)
BUSINESS. A lawful activity, whether or not for profit, other than a farm operation, conducted
primarily for the purchase, sale, lease, rental, manufacture, processing, or marketing of
products, commodities, or other property, or for providing services. (4) CONDEMN. To take
property under the power of eminent domain. (5) CONDEMNATION ACTION. Includes all acts incident
to the process of condemning property after commencement of suit until the entry of final
judgment. (6) CONDEMNEE. A person who has or claims an interest in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/18-1A-3.htm - 3K - Match Info - Similar pages
40-7-25.2
Section 40-7-25.2 Current use value of Class III property - Qualification procedure; appeal
from denial of application; new owner required to reapply upon sale of property. (a) Any owner
of eligible taxable property described in Section 40-7-25.1 may apply to have such property
assessed for purposes of ad valorem taxation at the appropriate ratio of assessed value to
the current use value of such property by filing a written application, in form as prescribed
by the Department of Revenue, with the tax assessor of the county in which such property is
located, on and after October 1 but not later than January 1 in any taxable year; provided,
however, that with respect to assessments of eligible taxable property respecting the taxable
year that began on October 1, 1981, such applications may be filed with the tax assessor not
later than June 30, 1982. (b) The application form for qualification of real property as agricultural
property shall set forth a description of the real property, a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-7-25.2.htm - 3K - Match Info - Similar pages
38-9C-4
Section 38-9C-4 Rights. The rights of persons with developmental disabilities and traumatic
brain injury include, but are not limited to, all of the following: (1) The right to exercise
the rights of citizens of the United States and the State of Alabama. (2) The right to access
a full array of services appropriate for them as individuals. (3) The right to inclusion in
the community. (4) The right to live, work, be educated, and recreate with people who do not
have disabilities. (5) The right to be presumed competent until a court of competent jurisdiction
determines otherwise. (6) The right to social interaction with members of either sex. (7)
The right to vote and otherwise participate in the political process according to applicable
laws of the United States and the State of Alabama. (8) The right to free exercise of religion.
(9) The right to confidential handling of personal, financial, and medical records. (10) The
right to own and possess real and personal property. (11) The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/38-9C-4.htm - 3K - Match Info - Similar pages
18-4-18
Section 18-4-18 Interest in improvements on acquired real property. (a) To the greatest extent
practicable, where an interest in real property is acquired, an equal interest in all buildings,
structures, or other improvements located upon the real property so acquired and which is
required to be removed from the real property which is determined to be adversely affected
by the use to which the real property will be put shall be acquired. (b) For the purpose of
determining the just compensation to be paid for any building, structure, or other improvement
required to be acquired as above set forth, the building, structure, or other improvement
shall be deemed to be a part of real property to be acquired notwithstanding the right or
obligation of a tenant, as against the owner of any other interest in the real property, to
remove the building, structure, or improvement at the expiration of his or her term, and the
fair market value which the building, structure, or improvement contributes...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/18-4-18.htm - 2K - Match Info - Similar pages
27-5A-2
Section 27-5A-2 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) ACTUARY. A person
who is a member in good standing of the American Academy of Actuaries. (2) COMMISSIONER. The
Alabama Commissioner of Insurance. (3) CONTROLLING PERSON. Any person, firm, association,
or corporation who directly or indirectly has the power to direct or cause to be directed,
the management, control, or activities of the reinsurance intermediary. (4) INSURER. Any person,
firm, association, or corporation duly licensed in this state pursuant to the applicable provisions
of the insurance law as an insurer. (5) LICENSED PRODUCER. An insurance producer or reinsurance
intermediary licensed pursuant to the applicable provision of the insurance law. (6) QUALIFIED
U.S. FINANCIAL INSTITUTION. An institution that: a. Is organized or, in the case of a U.S.
office of a foreign banking organization, licensed,...
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