|
22-23A-6
Section 22-23A-6 Powers of authority. (a) The authority shall have the following powers, among
others specified by this chapter: (1) To have succession in its corporate name until the principal
of and interest on all bonds issued by it shall have been fully paid; (2) To sue and be sued
and to prosecute and defend, at law and in equity, in any court having jurisdiction of the
subject matter and of the parties thereto; (3) To have and to use a corporate seal and to
alter such seal at pleasure; (4) To establish a fiscal year; (5) To construct and operate
or lease to or from any community water system; (6) To execute agreements effectively obligating
the authority to agree to pay and to pay such portion of the estimated reasonable cost of
the project of each community water system as may be required to meet the water supply goals
of the state; (7) To issue bonds or other obligations provided such proceeds are deposited
in a special "Water Supply Assistance Fund" within the State Treasury;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-23A-6.htm - 2K - Match Info - Similar pages
11-101A-8
Section 11-101A-8 Powers of authority. (a) In addition to all other powers granted elsewhere
in this chapter, and subject to the express provisions of its certificate of incorporation,
an authority shall have the following powers, together with all powers incidental thereto
or necessary to the discharge thereof in corporate form: (1) To have succession by its corporate
name for the duration of time, which may be in perpetuity, specified in its certificate of
incorporation, or until dissolved as provided in Section 11-101A-24. (2) To sue and be sued
in its own name in civil suits and actions, and to defend suits and actions against it, subject,
however, to Chapter 93 of this title, which chapter is hereby made applicable to the authority.
(3) To adopt, alter, amend, and repeal bylaws, regulations, and rules for the regulation and
conduct of its affairs and business. (4) To adopt and make use of a corporate seal and to
alter the same at pleasure. (5) To acquire, whether by purchase,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-101A-8.htm - 8K - Match Info - Similar pages
41-23-213
Section 41-23-213 Grant program; rulemaking authority; Alabama Broadband Accessibility Fund.
(a) The Director of ADECA may establish and administer the broadband accessibility grant program
for the purpose of promoting the deployment and adoption of broadband Internet access services
to unserved areas. By June 26, 2018, the director shall adopt rules and policies to administer
the program and begin to accept applications for grants, and shall adopt such rules as may
be necessary to meet the future needs of the grant program. (b) The program shall be administered
pursuant to policies developed by ADECA in compliance with this article. The policies shall
provide for the awarding of grants to non-governmental entities that are cooperatives, corporations,
limited liability companies, partnerships, or other private business entities that provide
broadband services. Nothing in this article shall expand the authority under state law of
any entity to provide broadband service. (c) There is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-23-213.htm - 9K - Match Info - Similar pages
45-17-91.23
Section 45-17-91.23 Creation of Shoals Economic Development Fund; purposes for which moneys
in such fund may be expended. (a) There is created the Shoals Economic Development Fund, which
shall be a special or trust fund or account of the committee, and which shall be administered
in accordance with this subpart. (b)(1) The authority may, at any time and from time to time,
request that the committee authorize and approve the expenditure or appropriation of moneys
on deposit in the Shoals Economic Development Fund, but solely for purposes authorized in
subsection (c). Any such request may specify that such moneys shall be expended by, or appropriated
directly or indirectly to, any of the following: a. The authority itself. b. Either of the
counties, or any city or town located, in whole or in part, in either of the counties. c.
Any public corporation that has been organized with the approval or consent of any one or
more of the counties, the municipalities, or any other city or town in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-17-91.23.htm - 8K - Match Info - Similar pages
41-10-45.3
Section 41-10-45.3 Loans; maximum amount of project obligations; refinancing; investment of
funds. (a) The authority may provide loans to an eligible borrower to pay for all or part
of the eligible expenses of a qualifying project pursuant to a targeted county financing agreement.
A loan may have a maturity or maturities not exceeding 20 years from its date, may bear interest
or be interest free, may not exceed the maximum loan amount, and may contain terms not in
conflict with the provisions of this article, all as the governing body of the authority may
provide in the proceedings pursuant to which the loan is authorized to be issued. The authority
may provide, in its discretion, that the loan shall bear interest at a rate or rates fixed
at the time of the issuance thereof, or at fixed rates which may be changed from time to time
during the term of the loan in accordance with an objective procedure determined by the authority
at the time of the issuance of the loan, or at a floating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-45.3.htm - 3K - Match Info - Similar pages
24-1-4
Section 24-1-4 Agreements of municipal, county, or regional housing authorities to secure federal
contributions. In addition to the powers conferred upon a housing authority created for a
city or county or a regional housing authority by other provisions of law, such authority,
in any contract for annual contributions with the federal government, may obligate itself,
which obligation shall be specifically enforceable and shall not constitute a mortgage, notwithstanding
any other laws, to convey to the federal government the project to which such contract relates,
upon the occurrence of a substantial default with respect to the covenants or conditions to
which such authority is subject. Such contract may further provide that in case of such conveyance,
the federal government may complete, operate, manage, lease, convey or otherwise deal with
the project in accordance with the terms of such contract. Any such contract shall require
that, as soon as practicable after the federal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1-4.htm - 1K - Match Info - Similar pages
41-10-45.2
Section 41-10-45.2 Fund created; project obligations. (a) There is created the Accelerate Alabama
Fund, which may consist of monies appropriated or otherwise made available by the Legislature
in any manner, proceeds of project obligations issued by the authority, and monies from any
other source designated for deposit into such fund, but not including monies subject to a
constitutional designation for some other purpose. Unexpended amounts remaining in the fund
at the end of each fiscal year of the state shall not lapse into the State General Fund. Any
investment earnings or interest earned on amounts in the fund and all loan payments of principal
and/or interest shall be deposited to the credit of the fund. (b) In addition to the purposes
for which the authority may issue project obligations, the authority is hereby authorized
to issue project obligations to provide money for the fund. Project obligations shall be issued
as provided in Section 41-10-44.6, subject, however, to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-45.2.htm - 3K - Match Info - Similar pages
22-30F-4
Section 22-30F-4 Revolving Loan Fund established; maintenance; administration. (a) There is
hereby established the State of Alabama Land Recycling Revolving Loan Fund, which shall be
maintained in perpetuity and operated by the department as agent for the authority for the
purposes stated herein. Grants from the federal government or its agencies allocated, allotted,
or paid to the state for capitalization of the revolving loan fund, grants from other entities
allocated, allotted, or paid to the state for capitalization of the revolving loan fund, state
matching funds where required, and loan principal, interest, and penalties and interest income
and all other amounts at anytime required or permitted to be paid into the revolving loan
fund shall be deposited therein. Proceeds of capitalization grants, funds appropriated by
the state, loan principal and interest payments, interest income, and all other funds of the
authority shall be deposited with one or more banks designated by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-30F-4.htm - 4K - Match Info - Similar pages
22-29-11
Section 22-29-11 Temporary financing. In anticipation of the issuance of bonds, the authority
may borrow such sums as may be needed, not exceeding $500,000.00 to be outstanding at any
one time, for any of the purposes enumerated in this chapter and to obligate itself by certificate
or promissory note, bearing interest at a rate or rates to be specified by the authority,
and maturing within 18 months from date. Such certificates or promissory notes shall be payable
solely from the proceeds of the bonds of the authority and from the funds from which such
bonds are payable. In the event that state funds are not available for a state grant for a
project when application is made, in order to accelerate the completion of any project, the
local public body may, with the approval of the authority, obligate such local public body
to provide local funds to pay that portion of the cost of the project which the state will
make available by grant, and the state shall refund the amount expended on...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-29-11.htm - 1K - Match Info - Similar pages
41-10-45.1
Section 41-10-45.1 Definitions. The following words and phrases shall have the following meanings
when used in this article: (a) AUTHORITY. The State Industrial Development Authority, a public
corporation of the state, organized and existing under Articles 2, 2A, and 2B of this Chapter.
(b) DEPARTMENT. The Alabama Department of Commerce. (c) ELIGIBLE BORROWER. A municipality,
county, industrial development authority organized under Chapter 92A of Title 11, industrial
development board organized under Article 4, Chapter 54 of Title 11, or nonprofit organization
organized to foster economic development and described in Section 501(c) of the Internal Revenue
Code of 1986, as in effect from time to time. (d) ELIGIBLE EXPENSES. Expenses relating to
land acquisition, site preparation or development, building improvements, building construction,
building renovations, infrastructure, and any other real or personal property deemed necessary
or useful in connection therewith. (e) ELIGIBLE...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-45.1.htm - 2K - Match Info - Similar pages
|