|
22-21-355
Section 22-21-355 Further provisions respecting investment of funds. In addition to the investment
powers granted by the enabling statute, any authority shall, to the extent permitted by the
contracts of such authority with the holders of its securities, have the further power to
invest any portion of the principal proceeds derived from the sale of any of its securities
not then needed for any of the purposes for which such securities were authorized to be issued,
any moneys held in any special fund created pursuant to any resolution or mortgage, mortgage
indenture, mortgage and trust indenture or trust indenture authorizing or securing any of
its securities, and any other moneys of such authority not then needed by it, in any of the
following: (1) Debt securities (whether general obligations or limited or special obligations)
of any state, territory or possession of the United States of America and of any political
subdivision of any such state, territory or possession, but if and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-355.htm - 3K - Match Info - Similar pages
23-7-2
Section 23-7-2 Definitions. For the purposes of this chapter, the following words shall have
the following meanings: (1) BANK. The Alabama Transportation Infrastructure Bank. (2) BOARD.
The board of directors of the bank. (3) BONDS. Includes bonds, notes, or other evidence of
indebtedness except as otherwise provided in this chapter. (4) DEPARTMENT or DEPARTMENT OF
TRANSPORTATION. The Alabama Department of Transportation. (5) ELIGIBLE COST. As applied to
a qualified project to be financed from the federal highway account, the costs that are permitted
under applicable federal laws, requirements, procedures, and guidelines in regard to establishing,
operating, and providing assistance from the bank. As applied to a qualified project to be
financed from the state highway account, these costs include the costs of preliminary engineering,
traffic, and revenue studies; environmental studies; right-of-way acquisition; legal and financial
services associated with the development of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-7-2.htm - 9K - Match Info - Similar pages
22-21-350
Section 22-21-350 Definitions. The following words and phrases used in this division shall,
unless the context clearly indicates otherwise, have the following respective meanings: (1)
AUTHORITY. A public corporation organized, and any public hospital corporation reincorporated,
pursuant to the provisions of the enabling statute. (2) AUTHORIZING RESOLUTION. A resolution
adopted by the board authorizing an arrangement by which an authority is to furnish office
space to a nonhospital-based physician, dentist or other health care professional for use
in his private practice. (3) AUTHORIZING SUBDIVISION. A county, municipality, or educational
institution with the governing body of which an application for the incorporation of an authority
under the enabling statute, or for the reincorporation of a public hospital corporation thereunder,
is filed (and any other county, municipality, or educational institution that may at the time
constitute an "authorizing subdivision" within the meaning of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-350.htm - 2K - Match Info - Similar pages
11-62-1
Section 11-62-1 Definitions. (a) The following words and phrases used in this chapter, 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) AUTHORITY.
Any public corporation organized pursuant to this chapter. (2) AUTHORIZED PURPOSE OBLIGATION.
The term includes either of the following: a. Any lease, note, installment sale contract,
or any other obligation of a user, whether general or special, which was entered into, made,
assumed, or otherwise incurred by the user, in whole or in part, for the purpose of financing
the acquisition or ownership of one or more facilities, for the purpose of obtaining funds
with which to operate one or more facilities or for any combination of those purposes. b.
Any obligation of any kind which was entered into, made, assumed, or otherwise incurred by
the United States of America or any department, agency, or instrumentality...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-1.htm - 7K - Match Info - Similar pages
45-37A-51.137
an endorser or surety or in any manner an obligor for monies loaned to or borrowed from the
board. In the adjudication of claims against the fund, the records of the city director of
finance and subcustodian made and kept for the purpose of this subpart shall be deemed prima
facie, to speak the truth. (c) The board of managers shall have the sole and absolute discretion,
if the board deems it advisable to invest, reinvest, and have invested and reinvested all
funds of the system, real and personal, in the classes of bonds, mortgages, common
and preferred stocks, shares of investment companies or mutual funds, real estate investment
trusts, international equity, corporate fixed income, international fixed income, index funds,
and derivative securities, and investments recognized as alternative investments or other
investments as the board of managers may approve, subject to the limitations herein provided.
No money of the fund shall be invested, paid out, or disbursed except pursuant...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.137.htm - 6K - Match Info - Similar pages
41-10-541
such obligations, and which meet the greater of 100% collateralization or the "AA"
collateral levels established by Standard & Poor's Rating Group for structured financings;
and h. Uncollateralized investment agreements with, or certificates of deposit issued by banks
or bank holding companies, the senior long-term securities of which are rated at least "AA"
by Standard & Poor's Rating Group and at least "Aa" by Moody's Investors Service.
(11) FINANCED PROPERTY. All property whether real, personal, or mixed, the costs of
which were or are to be paid or reimbursed in whole or in part with the proceeds of bonds
of the authority or the proceeds of authority-guaranteed obligations. (12) FINANCING AGREEMENT.
Any loan, lease, agreement, grant agreement, financing agreement, credit agreement, security
agreement, mortgage, indenture, guaranty agreement, or other type of agreement entered into
by the authority in connection with the incurring of authority obligations. (13) FUNDING AGREEMENT....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-541.htm - 13K - Match Info - Similar pages
40-14B-6
Section 40-14B-6 Qualified investments. (a) To continue to be certified, a certified capital
company shall make qualified investments according to the following schedule: (1) Before the
third anniversary of its allocation date, a company must have made qualified investments in
an amount cumulatively equal to at least 35 percent of its certified capital. (2) Before the
fifth anniversary of its allocation date, a company must have made qualified investments in
an amount cumulatively equal to at least 50 percent of its certified capital. (b) The aggregate
cumulative amount of all qualified investments made by the certified capital company after
its allocation date shall be considered in the computation of the percentage requirements
under this chapter. Any proceeds received from a qualified investment may be invested in another
qualified investment and count toward any requirement in this chapter with respect to investments
of certified capital. (c) A business that is classified as a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-14B-6.htm - 3K - Match Info - Similar pages
11-92A-12
of revenues or grants of money from public persons and to enter into binding agreements with
those entities, with or without consideration; (13) To enter into deeds, mortgages, leases,
loan agreements, or other agreements with any person; (14) To require and/or accept lease
payments, loan repayments, or other compensation to or for the authority or other public persons
in lieu of sales, use, mortgage, lease, ad valorem, and/or other taxes; (15) To accept donations
of money or real or personal or mixed property from any person; (16) To invest in bank
deposits, U.S. Treasury bills, projects, instruments, real, personal, or mixed property,
and such other investments as the board of directors may from time to time determine to be
appropriate and convenient to accomplish any purpose for which an authority is organized,
including works of internal improvement, interests in private or corporate enterprises, loans
of money or credit to individuals, associations, or corporations, or the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-12.htm - 6K - Match Info - Similar pages
24-1A-2
or the state; interest bearing bank and savings and loan association deposits; obligations
of any agency of the United States of America; any obligations in which a state chartered
savings and loan association may invest its funds; any agreement to repurchase any of the
foregoing; or any combination thereof. (3) BOARD OF DIRECTORS. The board of directors of the
authority. (4) BONDS. Bonds or other securities representing an obligation to pay money. (5)
ELIGIBLE HOUSING UNIT. Real and personal properties located in the state constituting
a single family dwelling unit for occupancy by low and moderate income families or a multi-family
dwelling unit for occupancy by any persons and families without restriction as to the income
of such persons or families other than any applicable federal restrictions imposed upon multi-family
dwelling units financed from the proceeds of bonds the interest on which is exempt from federal
income taxes. (6) LOW AND MODERATE INCOME FAMILIES. Persons...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-2.htm - 4K - Match Info - Similar pages
16-18A-2
instruction or as a place of religious worship nor any facility which is used or to be used
primarily in connection with any part of the program of a school or department of divinity
for any religious denomination. (3) COSTS. As applied to a project or any portion thereof
financed under the provisions of this chapter, all or any part of the cost of construction,
acquisition, alteration, enlargement, reconstruction and remodeling of a project including
all lands, structures, real or personal property, rights, rights-of-way, franchises,
easements, permits, approvals, licenses and certificates and the securing of such permits,
approvals, licenses and certificates, and interests acquired or used for or in connection
with a project, the cost of demolishing or removing any buildings or structures on land so
acquired, including the cost of acquiring any lands to which such buildings or structures
may be moved, the cost of all machinery and equipment, financing charges, underwriters'...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18A-2.htm - 6K - Match Info - Similar pages
|