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11-2-20
Section 11-2-20 Requirement of additional bonds of county officials, etc. - Authority.
(a) Except where otherwise specifically provided by law for county taxing officials and judges
of probate, the bond for each county official shall be one-half of one percent of the amount
budgeted in the then current county budget for activities conducted by or under the direction
of the individual county official, but the bond amount for any county official shall not exceed
fifty thousand dollars ($50,000). The bond for any county employee required to post bond shall
be set in an amount determined proper by the county commission. In the alternative, the county
commission may execute a blanket bond covering the performance of duties of all county employees
in an amount determined by the county commission to adequately protect all county funds and
revenue. (b) When in the judgment of the county commission, the bond provided for in this
chapter for a county official or county employee is insufficient...
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11-50A-23
Section 11-50A-23 Trust funds. All funds received by the authority pursuant to this
chapter, whether as proceeds from the sale of bonds, bond anticipation notes or notes or as
revenues, fees, tolls, or other charges, or as gifts, grants, or other contributions, shall
be deemed to be trust funds to be held and applied solely as provided in this chapter or in
any bond resolution, trust agreement or indenture authorized herein. (Acts 1981, No. 81-681,
p. 1114, §23.)...
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16-65-8
Section 16-65-8 Dedicated source of revenue as security for the repayment of equipment
loans. In order to provide for the funding of an equipment loan by the authority to an educational
institution, such educational institution shall establish a dedicated source of revenue to
secure the repayment of moneys received from the authority. Such educational institution is
hereby authorized and empowered, any existing statute to the contrary notwithstanding, to
do and perform any one or more of the following: (1) To obligate itself to pay to the authority
at periodic intervals a sum sufficient to provide for the payment of debt service with respect
to the bonds of the authority issued to fund the equipment loan made to such educational institution
and to pay over such debt service to the authority for the account of such educational institution.
(2) To levy, collect, and pay over to the authority and to obligate itself to continue to
levy, collect, and pay over to the authority the proceeds...
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22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this
chapter, shall have the following respective meanings unless the context clearly indicates
otherwise: AUTHORITY. The corporation organized pursuant to the provisions of this chapter
as a public corporation, agency and instrumentality of the state and known as the "Alabama
Drinking Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other
proceedings adopted by the board of directors of the authority authorizing the issuance of
bonds, agreements and related matters. BOARD OF DIRECTORS. The board of directors of the authority.
BOND PROCEEDS. The net proceeds of sale of bonds or notes, and the income derived from the
investment of such proceeds. BONDS. The bonds, notes or obligations or other evidences of
indebtedness issued by the authority under the provisions of this chapter. DEPARTMENT. The
Alabama Department of Environmental Management or any successor. FEDERAL ACT. The Act of...
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33-2-193
Section 33-2-193 Docks facilities revenue bonds and refunding bonds - Preservation of
outstanding appropriations, pledges and covenants by state and department. It is the intention
of the Legislature in enacting this article to preserve inviolate all appropriations and pledges
heretofore made of any portion of any revenues of the department for the benefit of any of
the outstanding bonds. The state does hereby covenant and agree with the holder of each docks
facilities revenue bond or refunding bond issued pursuant to the authority of this article
that while any such bonds are outstanding and unpaid (a) neither the state nor the department
will appropriate or pledge any portion of the docks facilities revenues for the benefit of
any obligations that may at any time be issued pursuant to any statute, ranking on a parity
with or superior to the pledge made for the benefit of docks facilities revenue bonds and
refunding bonds herein authorized, provided that such covenant and agreement...
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41-23-124
Section 41-23-124 Construction and application. (a) This article shall not apply nor
have any effect on any state agency currently having control over local port or infrastructure
commissions or authorities. (b) This article shall not change any existing laws that apply
to any existing port or infrastructure commission or authority, or to powers presently provided
for conducting and developing the water transportation industry, and all such existing laws
are hereby expressly preserved and shall not be preempted by this article. (c) No provision
of this article shall be construed to authorize any diversion from local port or infrastructure
commissions or authorities of fees, funds, donations, grants, or monies to which the commission
or authorities are otherwise entitled. (d) The Alabama State Port Authority, including its
inland ports, is expressly exempt from the purview of this article. (Act 2009-776, p. 2422,
§5.)...
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22-23A-15
Section 22-23A-15 Purpose of chapter. This chapter is intended to aid the state through
the furtherance of its purposes by providing an appropriate and independent instrumentality
of the state with full and adequate powers to fulfill its functions. Except as expressly provided
in this chapter, no proceeding, notice or approval shall be required for the incorporation
of the authority, the purchase of any loans or the making of any loan to a community water
system, the issuance of any bonds, or the exercise of any other of its powers by the authority.
(Acts 1988, 1st Ex. Sess., No. 88-857, p. 338, §15.)...
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11-50A-13
Section 11-50A-13 Immunity from liability; credit not pledged. (a) Neither the members
of the election committee, the members of the board nor any individual executing bonds, bond
anticipation notes or notes on behalf of the authority shall be personally liable thereon
by reason of the issuance thereof. (b) Neither the bonds, bond anticipation notes nor notes
issued under provisions of this chapter nor the instruments evidencing the obligations which
constitute the security therefor shall constitute a debt or a loan or pledge of the full faith
and credit of the state or of any municipality, but all bonds, bond anticipation notes and
notes shall be payable solely from the sources described in Section 11-50A-19 as provided
in the resolutions or trust agreements or indentures authorizing or securing the issuance
and payment of the bonds, bond anticipation notes or notes, as the case may be. The issuance
of bonds, bond anticipation notes or notes shall not obligate the state or any...
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22-20-5.2
Section 22-20-5.2 Food service establishments to secure covers of grease traps. (a)
This section shall be known and may be cited as the Sadie Grace Andrews Act. (b) This
section shall apply to commercial food service establishments that utilize grease traps
that are outdoors or are in areas that are accessible to members of the general public. (c)(1)
Grease traps with manholes shall be designed to withstand expected loads and prevent access
by children. The manhole cover shall be secured by a bolt or locking mechanism or be constructed
of round cast iron or similar construction rated for heavy road traffic with sufficient weight
to prevent unauthorized access. A public water or sewer authority may specify either manner
of manhole access exclusively, provided it conforms to this section and prevents unauthorized
access. (2) A commercial food service establishment shall insure that a grease trap manhole
is secured or locked, if applicable, at all times. (d) The Department of Public...
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5-11A-9
Section 5-11A-9 Exemption of trust companies, etc., acting as administrators, etc.,
from bond requirement. Any trust company or bank which is authorized by law to act as a guardian,
administrator, executor, receiver or trustee, except as may be otherwise provided in this
code for the administration of the affairs of war veterans, under appointment of any court
of this state, and which maintains the deposit provided for in Section 5-11A-5, shall
be entitled as a matter of right to exemption from giving bond before receiving authority
to act in any of the above capacities, provided its aggregate liabilities, to secure which
said bonds or other securities are deposited, do not exceed five times the par value of said
securities. When such company desires exemption from giving any such bond, it shall file with
the officer who would otherwise require such bonds a sworn statement showing the amount in
value of the bonds or other securities on deposit with the State Treasurer, and that the...
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