|
11-20-37
Section 11-20-37 Powers generally; location and operation of projects. (a) The corporation
shall have the following powers, together with all powers incidental thereto or necessary
for the performance of those stated in this subsection: (1) To have succession by its corporate
name for the period specified in the certificate of incorporation unless sooner dissolved
as provided in this article; (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 pleasure; (4) To acquire, whether by purchase,
construction, exchange, gift, lease or otherwise, improve, maintain, equip and furnish one
or more projects, including all real and personal properties which the board of directors
of the corporation may deem necessary in connection therewith and regardless of whether or
not any such projects or any part thereof shall then be in existence; (5) To...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-37.htm - 4K - Match Info - Similar pages
11-50-238
Section 11-50-238 Transfer of systems to corporation; powers of corporation as to conveyance,
etc., of title to systems. Each municipality which may now or hereafter own a system or systems
and which shall have authorized a corporation to be incorporated under the provisions of this
division, is hereby authorized to transfer and convey any such system or systems to such corporation
without the necessity of authorization at an election of the qualified voters of such municipality;
provided, that an ordinance authorizing such transfer and conveyance shall have theretofore
been duly enacted by the governing body of such municipality; provided further, that such
corporation shall assume and agree to pay, as the same become due and payable, the principal
of and interest on any obligations of such municipality that are payable from or secured by
the revenues from the system or systems so transferred or shall pay to such municipality at
the time of the transfer an amount of money sufficient...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-238.htm - 2K - Match Info - Similar pages
11-54-129
Section 11-54-129 Use of assets. (a) Subject to succeeding provisions hereof with respect to
the investment of moneys held in and forming a part of an endowment trust fund, and the management,
use, and disposition of other properties, whether real or personal, tangible or intangible,
contributed to such fund, all moneys held in and forming a part of an endowment trust fund,
whether such moneys may be characterized as either principal or income of such fund, may be
expended, and all other properties contributed to a trust fund may be used only to induce
new business, manufacturing, industrial, commercial, service, and research enterprises, whether
or not any such enterprise, or any property to be utilized in connection therewith, would
constitute a "project" within the meaning of either industrial development board
act, to locate within the statutory service area of the board that created such fund, and
to foster activities and policies conducive to the continuing prosperity of such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-129.htm - 3K - Match Info - Similar pages
11-60-8
Section 11-60-8 Powers of corporations generally; location of projects of corporations. (a)
The corporation shall have the following powers together with all powers incidental thereto
or necessary for the performance of those hereinafter stated: (1) To have succession by its
corporate name for the period specified in the certificate of incorporation unless sooner
dissolved as provided in this chapter; (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 pleasure; (4) To acquire, whether
by purchase, construction, exchange, gift, lease, or otherwise to improve, maintain, equip,
furnish, own, and operate one or more projects, including all real and personal properties
which the board of directors of the corporation may deem necessary in connection therewith,
regardless of whether or not any such projects or any part thereof shall then be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-60-8.htm - 5K - Match Info - Similar pages
22-30F-2
Section 22-30F-2 Legislative findings; purpose and intent of chapter; establishment of revolving
loan program for voluntary remediation of environmentally contaminated areas. (a) The Legislature
finds that rural and urban property in Alabama may have areas of contamination which may be
addressed via the Alabama Land Recycling and Economic Redevelopment Act, Sections 22-30E-1
through 22-30E-13. The Legislature further finds that encouraging the voluntary remediation
and redevelopment of such properties is in the public interest. (b) The Legislature finds
that industries and developers often give preference to previously unused greenfield sites
over previously used property due largely to concerns over the financial and environmental
liabilities which may be incurred in acquiring such previously used property for reuse and
redevelopment. The Legislature further finds that the appropriate reuse and redevelopment
of properties which are contaminated, or perceived to be contaminated is in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-30F-2.htm - 3K - Match Info - Similar pages
24-1A-41.1
Section 24-1A-41.1 Legislative intent. (a) In order to offset the adverse effects of the global
and national recession on Alabama's housing industry and its economic development activity
and to provide a boost to the state's housing industry and its economic development and industrial
recruitment, the Legislature adopted the Alabama Home Buyers Initiative Act, codified as Sections
24-1A-40 to 24-1A-43, inclusive, which established a mortgage guarantee fund to reimburse
investors for a portion of any foreclosure losses suffered as a result of purchasing qualified
mortgage loans on eligible properties located within the State of Alabama. (b) Pursuant to
the act, six million dollars ($6,000,000) was appropriated and irrevocably deposited in the
mortgage guarantee fund. The fund is held by the State Treasurer and administered by the Alabama
Housing Finance Authority, a public corporation and instrumentality of the State of Alabama.
(c) It is hereby found and determined that, due to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-41.1.htm - 1K - Match Info - Similar pages
34-14A-20
Section 34-14A-20 Alabama Construction Trade Academy Fund; Alabama Construction Trade Advisory
Council; applications for funding; program guidelines. (a) The Alabama Construction Trade
Academy Fund is established in the State Treasury. The fund shall be comprised of federal,
state, and private funding through direct budgetary funding and grants for the expansion of
construction trade education. To the extent practicable, monies in the fund shall be used
to leverage other forms of funding from private sources. A percentage of matching funds, as
established by the advisory council, must come from private, non-governmental sources. The
board may not use more than 15 percent of the monies in the fund for administrative and operational
costs incurred in the implementation and administration of this section. (b) The board, in
cooperation with public and private sector partners, shall establish a program to provide
funding mechanisms for tool grants, program incentives, supplies, mobile...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-14A-20.htm - 7K - Match Info - Similar pages
41-10-44.2
Section 41-10-44.2 Additional definitions. In addition to the definitions contained in Sections
41-10-20 and 41-10-36, the following terms shall have the following meanings, respectively,
when used in this Article 2A unless the context clearly requires otherwise: (1) APPROVED COMPANY.
Any corporation, partnership, trust or other form of business entity approved by the authority
pursuant to the provisions hereof. (2) FINANCING AGREEMENT. Any loan, agreement, financing
agreement, credit agreement, security agreement, mortgage, guaranty agreement or other type
of agreement entered into by the authority and an approved company in connection with the
financing of a project by the authority. (3) INDUSTRIAL or RESEARCH ENTERPRISE. Any trade
or business described in 1987 Standard Industrial Classification Major Group 07, Major Groups
20 through 39, inclusive, 50 and 51, Industrial Group Number 737, and Industry Numbers 8731,
8733 and 8734, as set forth in the Standard Industrial Classification...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.2.htm - 4K - Match Info - Similar pages
41-10-44.3
Section 41-10-44.3 Additional powers of authority. In addition to the powers granted to it
in Section 41-10-26 and in Sections 41-10-37 through 41-10-43, the authority shall have the
following powers: (1) To adopt and alter bylaws for the regulation and conduct of its affairs
and business; (2) To borrow money and to issue project obligations, whether or not the interest
thereon is excluded from gross income for federal income tax purposes, for the purpose of
financing project costs, and to provide for the rights of the purchasers, holders or owners
of its project obligations; (3) To execute and deliver mortgages, security agreements and
trust indentures and other forms of agreements for the purpose of securing its project obligations,
and in connection therewith, to mortgage, pledge or assign the revenues, receipts and other
property of the authority received, and the financing agreements entered into by the authority
in connection with, the financing of projects under this Article 2A;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.3.htm - 5K - Match Info - Similar pages
41-23-23
Section 41-23-23 Applications; selection of zones; Enterprise Zone Advisory Council. Selection
of zones and the general guidelines for implementation of the provisions of this article shall
be as follows: (1) The Alabama Department of Economic and Community Affairs shall see that
all applications are processed as follows: a. The state or any governmental entity in the
proposed area may submit an application for zone designation. b. Each application should provide
a statement of incentives being offered by the governmental entities, such as: 1. Regulatory
relief or waiver; 2. Services provided; 3. Tax incentives; 4. Other nontax incentives. c.
It is contemplated that state, county and/or municipal governments may devise an innovative
package of local incentives in their respective jurisdictions and aggressively pursue zone
designation. (2) Zones shall be selected by the department, with input from the advisory council,
which shall have the responsibility for the general implementation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-23-23.htm - 2K - Match Info - Similar pages
|