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11-50A-8
Section 11-50A-8 Powers of the authority. In addition to other powers granted the authority
by this chapter, it shall have all powers consistent with the purposes of the authority as
set forth in Section 11-50A-3, which are necessary or convenient to carry out and effectuate
the purposes and provisions of this chapter, including, but without limiting the generality
of the foregoing, the following enumerated powers, which shall be exercised by the authority
consistently with the provisions of Section 11-50A-3: (1) To sue and be sued and to prosecute
and defend in any court having jurisdiction of the subject matter and of the parties thereto;
(2) To adopt and alter a corporate seal; (3) To make and alter at pleasure all needful bylaws,
rules, and regulations for the transaction of its business and the control of its property
and affairs; (4) To have the same right of eminent domain through condemnation conferred by
Section 10-5-1, or any subsequent statute of similar import; provided...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-8.htm - 13K - Match Info - Similar pages
41-14A-6
Section 41-14A-6 Establishment of SAFE board of directors; powers and duties of the board of
directors. (a) There is hereby established a Board of Directors of the SAFE Program charged
with responsibility and authority to assess and manage the sufficiency of the collateral pool
and the SAFE Program to provide adequate protection from losses to public depositors. In exercising
its powers and performing its responsibilities, the board of directors shall constitute a
body politic under the laws of the state performing the public function of assuring the safety
of public deposits. (b) The State Treasurer shall be a permanent, standing, voting member
of the board of directors and shall serve as its chair. The Superintendent of Banks shall
be a permanent, standing, non-voting member of the board of directors. The remaining six members
shall each possess knowledge, skill, and experience in one or more of the following areas:
(1) Financial analysis. (2) Trend analysis. (3) Accounting. (4)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-14A-6.htm - 12K - Match Info - Similar pages
27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
45-39-221.09
Section 45-39-221.09 Exemption from usury and interest laws. The tourism board shall be exempt
from all laws of the state governing usury or prescribing or limiting interest rates, including,
but not limited to, Chapter 8 of Title 8. (Act 2014-267, p. 859, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39-221.09.htm - 574 bytes - Match Info - Similar pages
22-21-141
Section 22-21-141 Bonds - Revenue. The authority is empowered, at any time and from time to
time, to sell and issue its revenue bonds for the purpose of providing funds to acquire, construct,
improve, enlarge, complete and equip one or more projects and for payment of obligations incurred
for any such purpose. The principal of, and interest on, any such bonds shall be payable solely
out of the revenues derived by the authority from any one or more of its projects, all as
shall be provided by the resolution of the board or the indenture whereunder such bonds are
authorized to be issued. Any bonds of the authority may be delivered by it at any time and
from time to time, shall be in such form and denominations and of such tenor and maturities,
shall bear such rate or rates of interest (without regard to any usury or other laws regulating
or limiting interest rates, including without limitation, the provisions of Section 8-8-1,
as amended, all of which shall be inapplicable to any bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-141.htm - 2K - Match Info - Similar pages
11-47-230
Section 11-47-230 Compliance with state laws governing competitive bidding. An authority and
all contracts made by it shall comply with the laws of the state requiring competitive bids
for any contract to be entered into by municipalities or public corporations including, without
limitation, the provisions of Article 3 of Chapter 16 of Title 41. (Acts 1996, No. 96-320,
p. 361, §12.)...
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11-54-186
Section 11-54-186 Exemption from competitive bid laws. Any authority and all contracts made
by it shall be exempt from the laws of the State of Alabama requiring competitive bids for
any contract to be entered into by municipalities or public corporations authorized by them,
including, but without limitation to, the provisions of Article 3 of Chapter 16 of Title 41.
(Acts 1980, No. 80-648, p. 1235, §17.)...
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11-89A-18
Section 11-89A-18 Exemption from competitive bid laws. Any authority and all contracts made
by it shall be exempt from the laws of the State of Alabama requiring competitive bids for
any contract to be entered into by municipalities or public corporations authorized by them,
including, but without limitation to, the provisions of Article 3 of Chapter 16 of Title 41.
(Acts 1980, No. 80-278, p. 368, §19.)...
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11-92A-18
Section 11-92A-18 Exemptions from taxation. All properties of an authority, whether real, personal,
or mixed, and the income therefrom, all bonds and other securities issued by an authority
and the coupons applicable thereto and the income therefrom, and all indentures and other
instruments executed as security therefor, all leases and loan agreements made pursuant to
the provisions of this chapter and all revenues derived from any such leases or loan agreements,
and all deeds and other documents executed by or delivered to an authority shall be exempt
from any and all taxation by any public person, including without limitation license and excise
taxes imposed in respect of the privilege of engaging in any of the activities in which an
authority may engage. An authority shall not be obligated to pay or allow any fees, taxes,
or costs to the probate judge in connection with the amendment of its articles or the recording
of any document. Further, the gross proceeds of the sale of any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-18.htm - 2K - Match Info - Similar pages
45-27A-31.16
Section 45-27A-31.16 Exemption from competitive bid laws. The authority and all contracts made
by it shall be exempt from the laws of the State of Alabama requiring competitive bids for
any contract to be entered into by municipalities or public corporations authorized by them,
including, but without limitation to, the provisions of Article 3, commencing with Section
41-16-50, of Chapter 16, Title 41, as it may at any time be amended. (Act 82-740, p. 196,
§17.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27A-31.16.htm - 776 bytes - Match Info - Similar pages
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