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41-18-1
Section 41-18-1 Text. Article I. Findings and Purposes. (a) The party states find that
the South has a sense of community based on common social, cultural and economic needs and
fostered by a regional tradition. There are vast potentialities for mutual improvement of
each state in the region by cooperative planning for the development, conservation and efficient
utilization of human and natural resources in a geographic area large enough to afford a high
degree of flexibility in identifying and taking maximum advantage of opportunities for healthy
and beneficial growth. The independence of each state and the special needs of subregions
are recognized and are to be safeguarded. Accordingly, the cooperation resulting from this
agreement is intended to assist the states in meeting their own problems by enhancing their
abilities to recognize and analyze regional opportunities and take account of regional influences
in planning and implementing their public policies. (b) The purposes of...
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40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby
approved, adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article
I. Purposes. The purposes of this compact are to: 1. Facilitate proper determination of state
and local tax liability of multistate taxpayers, including the equitable apportionment of
tax bases and settlement of apportionment disputes. 2. Promote uniformity or compatibility
in significant components of tax systems. 3. Facilitate taxpayer convenience and compliance
in the filing of tax returns and in other phases of tax administration. 4. Avoid duplicative
taxation. Article II. Definitions. As used in this compact: 1. "State" means a state
of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory
or possession of the United States. 2. "Subdivision" means any governmental unit
or special district of a state. 3. "Taxpayer" means any corporation, partnership,
firm,...
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23-1-317
Section 23-1-317 Expenditure of proceeds; contracts; rules and regulations; conveyance
of property. (a) If such action shall be necessary in order to comply with any federal legislation
relating to federal aid in construction of roads and highways, the authority may authorize
the State Department of Transportation to expend directly any portion of proceeds from obligations
issued under this article for constructing, reconstructing and relocating federal aid projects
or work incidental or related thereto. (b) All contracts of the authority for the construction,
reconstruction and relocation of federal aid projects, and work incidental or related thereto
and the acquisition of property necessary therefor, shall be in writing, shall be subject
to the rules and regulations and shall be let under the supervision of the State Department
of Transportation and shall be subject to approval by the Governor and by the State Department
of Transportation. All work provided for in any such contract...
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23-1-301
Section 23-1-301 Definitions. When used in this article, the following words and phrases
shall have the following respective meanings unless the context clearly indicates otherwise:
(1) AUTHORITY. The Alabama Federal Aid Highway Finance Authority, a public corporation and
instrumentality of the state authorized to be organized under the provisions of this article.
(2) BOARD OF DIRECTORS. The board of directors of the authority. (3) BONDS. The bonds, including
refunding bonds issued to refund outstanding obligations, that in this article are authorized
to be sold and issued by the authority. (4) CORPORATION. The authority. (5) HIGHWAY GASOLINE
TAX. The excise tax levied under subdivision (1) of subsection (a) of Section 40-17-325,
with the exception of those portions of the tax levied on aviation fuel and marine gasoline.
(6) LEGISLATURE. The Legislature of Alabama. (7) NET GASOLINE TAX PROCEEDS. The entire proceeds
from the highway gasoline tax less the cost of collection and less any...
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23-1-314
Section 23-1-314 Bonds and notes - Payment generally. (a) For the purpose of providing
funds to enable the authority to pay at their respective maturities and due dates the principal
of and interest on the obligations that may be issued by it under this article at any time
after March 1, 2014, there hereby is irrevocably pledged and appropriated so much as shall
be necessary for the purpose of the state's share of net gasoline tax proceeds. (b) In addition,
for the purpose of providing funds to enable the authority to pay at their respective maturities
and due dates the principal of and interest on the obligations that may be issued by it under
this article, there hereby is irrevocably pledged and appropriated each year all federal aid
funds for federal aid projects to be received by the State Department of Transportation from
the United States government to the extent that such funds may be required to pay the principal
of and interest on such obligations. All federal aid funds for...
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23-1-313
Section 23-1-313 Bonds and notes - Disposition of proceeds from sale. The authority
shall pay out of the proceeds from the sale of the obligations authorized by this article
all expenses that the board of directors may deem necessary and advantageous in connection
with the sale and issuance thereof. The proceeds from the issue of any obligations authorized
by this article, (i) except the proceeds of bonds which were issued to pay principal and interest
of temporary bonds or notes and in anticipation of which such temporary bonds or notes shall
have been issued, and (ii) except the proceeds of refunding bonds issued to refund any outstanding
obligation, remaining after paying the expenses of their sale and issuance, shall be deposited
in the State Treasury, shall be credited to the Road and Bridge Fund and shall be subject
to be withdrawn by the authority, upon the approval of the State Department of Transportation
and the Governor, but only for the purpose of paying the federal share...
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23-1-306
Section 23-1-306 Corporation - Powers. The corporation shall have the following powers:
(1) To have perpetual succession by its corporate name unless sooner dissolved pursuant to
Section 23-1-318. (2) To commence actions and have actions commenced against it, provided,
however, that the corporation shall be considered a public agency performing state governmental
functions and shall be immune from suit based on its acts or omissions or those of its agents,
servants, or employees to the extent the State of Alabama is so immune, and to prosecute and
defend in any court having jurisdiction of the subject matter and of the parties. Venue shall
be in the appropriate court of the county in which the principal office of the corporation
is located. (3) To have and to use a corporate seal and to alter the same at pleasure. (4)
To construct, reconstruct and relocate or to cause to be constructed, reconstructed and relocated
federal aid projects, including work incidental or related thereto, in...
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23-1-170
Section 23-1-170 Purpose and construction of article. It is the intention of the Legislature
by the passage of this article to authorize the incorporation of a public corporation for
the following purposes: (1) To issue bonds to assure the availability of funds for payment
of the state's share of the cost of constructing roads and bridges as shall from time to time
be constructed with funds supplied jointly by the state and federal government; and (2) To
construct and maintain, or participate in the construction and maintenance, or lend its aid
in construction and maintenance or contract for construction and maintenance of roads and
bridges in the State of Alabama, as well as the approaches thereto, including the reconstruction
and relocating of approaches, causeways and like or other highway facilities which may, from
time to time, be constructed and maintained with funds to be supplied jointly by the state
and federal government, together with work incidental and related thereto,...
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23-1-307
Section 23-1-307 Bonds and notes - Authorization for issuance. The authority shall have
the power and is hereby authorized and empowered to sell and issue its bonds in order to provide
as soon as practicable the federal share of the cost of constructing federal aid projects
in anticipation of the receipt by the state of such federal portions as they become available
either during, upon or after completion of such construction. The authority shall have the
power, in addition to any other powers granted in this article, to borrow money for temporary
use for any of the purposes for which it is authorized by this article to issue bonds and,
in evidence of such borrowing, to issue from time to time temporary bonds or notes. Any such
temporary borrowing may be made in anticipation of the sale and issuance of bonds and in such
event the principal proceeds from the sale of such bonds shall, to the extent necessary, be
used for payment of the principal of and interest on the temporary bonds or...
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40-17-371
Section 40-17-371 Cost of collection; distribution of tax proceeds. (a) The Alabama
Department of Revenue shall retain one-quarter of one percent (0.25%) of the tax proceeds,
less any refunds, from this additional excise tax on gasoline and diesel fuel for its cost
of collection. The department may adopt rules and such forms as may be necessary for the administration
of the excise tax provided for in this article. (b) Each month, prior to the remaining payments
provided in this article, up to $750,000 of the tax proceeds from the additional excise tax
on gasoline and up to $230,000 of the tax proceeds from the additional excise tax on diesel
fuel shall be distributed first to the Alabama Highway Finance Corporation for the payment
of the principal of and interest on bonds to be issued by it to finance improvements to the
ship channel providing access to the facilities of the Alabama State Docks, to the extent
necessary for such purpose. The amount distributed pursuant to this section...
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