23-1-301
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 refunds of the proceeds
pursuant to the provisions of Article 12 of Chapter 17 of Title
40. (8) NOTE. The authority's promise to pay solely from the funds provided by this
article which has a specified maturity date not later than three years after its date,
which recites on its face that it is issued in anticipation of the sale by the authority of
bonds and which is payable to the order of a named payee. (9) OBLIGATIONS. Any bonds, temporary
bonds or notes authorized by this article to be issued by the authority. (10)
STATE. The State of Alabama. (11) STATE'S...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-301.htm - 4K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-371.htm - 9K - Match Info - Similar pages

40-17-359
The 55 percent of the net tax proceeds referred to in the first sentence of subsection (d).
(8) MUNICIPALITY. An incorporated city or town in the state. (9) NET TAX PROCEEDS. The entire
proceeds from the highway gasoline tax, except the proceeds from the supplemental excise tax
of five cents ($.05) per gallon and additional six cents ($.06) imposed by subdivision (1)
of subsection (a) of Section 40-17-325, less the cost of collection and less
any refunds pursuant to the provisions of this article. (10) PUBLIC HIGHWAY.
Every highway, road, street, alley, lane, court, place, trail, drive, bridge, viaduct, or
trestle located either within a municipality or in unincorporated territory and laid out or
erected by the public or dedicated or abandoned to the public or intended for use by or for
the public. The term "public highway" shall apply to and include driveways upon
the grounds of universities, colleges, schools, and institutions but shall not be deemed to
include private...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-359.htm - 28K - Match Info - Similar pages

23-1-181
Alabama Highway Finance Corporation, a public corporation and instrumentality of the State
of Alabama that was organized and is existing under this article. (4) GASOLINE TAX
APPROPRIATION STATUTE. Section 40-17-359. (5) HIGHWAY GASOLINE TAX. a. The excise
tax levied in subdivision (1) of subsection (a) of Section 40-17-325,
exclusive of those portions of the tax in respect of aviation fuel and marine gasoline, as
those terms are used in the section; and b. The excise tax levied by Article 3 of Chapter
17 of Title 40, exclusive of that portion of the tax in respect of diesel
fuel. (6) NET GASOLINE TAX PROCEEDS. The entire proceeds from the highway gasoline tax less
the cost of collection and less any refunds of the proceeds pursuant to the provisions of
Chapter 17 of Title 40. (7) STATE'S SHARE OF THE NET GASOLINE
TAX PROCEEDS. The 45 percentum of the net gasoline tax proceeds allocated and appropriated
for state highway purposes in subsection (c) of Section 40-17-359. (b) For the...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-181.htm - 5K - Match Info - Similar pages

40-17-370
for tax periods beginning after August 31, 2019, an additional excise tax of
six cents ($0.06) is imposed on each net gallon of gasoline and diesel fuel. (b) Effective
October 1, 2020, this additional excise tax is increased by two cents ($.02) to eight
cents ($0.08) on each net gallon of gasoline and diesel fuel. (c) Effective October 1,
2021, this additional excise tax is increased by two cents ($.02) to ten cents ($0.10)
on each net gallon of gasoline and diesel fuel. (d) Beginning October 1, 2023,
and on July 1 of every other year thereafter, the excise tax rate provided in this
section shall be adjusted by the percentage change in the yearly average of the National Highway
Construction Cost Index (NHCCI) issued by the U. S. Federal Highway Administration (FHWA)
for the most recent 12-month period ending December 31, compared to the base
year average, which is the average for the 12-month period ending December 31,
2020 and rounded to the nearest whole cent. The maximum amount of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-370.htm - 2K - Match Info - Similar pages

41-29-501
Section 41-29-501 Definitions. (a) For the purposes of this article, the
following words and phrases shall have the following meanings: (1) AUTHORITY. The public
corporation organized pursuant to the provisions of Sections 41-10-20 through
41-10-32. (2) AUTHORIZED PURPOSE. Any one or more of the purposes for which
grants are herein authorized to be made as specified in Section 41-29-503(a). (3) BOARD
OF DIRECTORS. The board of directors of the authority. (4) BOND. The bonds issued under the
provisions of this article. (5) CAPITAL COSTS. All costs and expenses incurred by one
or more investing companies in connection with the acquisition, construction, installation,
and equipping of a qualifying project during the period commencing with the date on which
such acquisition, construction, installation, and equipping commences and ending on the date
on which the qualifying project is placed in service, including, without limitation of all
of the following: a. The costs of acquiring,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-29-501.htm - 7K - Match Info - Similar pages

37-11A-1
consideration, as it may determine: (1) Lend or donate money to the authority. (2) Cause
water, sewer, or drainage facilities, or any other facilities that it is empowered to provide,
to be furnished adjacent to or in connection with the railroad properties and facilities.
(3) Donate, sell, convey, transfer, or lease to the authority any land, property, franchise,
grant, easement, license, or lease, which it may own. (4) Donate, transfer, assign, sell,
or convey to the authority any right, title, or interest which it may have in any lease,
contract, agreement, license, or property. (5) Furnish, dedicate, close, pave, repair, install,
grade, regrade, plan, or replan streets, roads, roadways, and walks from established streets
or roads to railroad properties and facilities of the authority. (6) Do any and all things
whether or not specifically authorized in this compact, and not otherwise prohibited by law
in the applicable party state, that are necessary or convenient to aid and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - 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

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-314.htm - 3K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-313.htm - 3K - Match Info - Similar pages