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...
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41-10-503
Section 41-10-503 Sale of bonds. Bonds of the authority may be sold at such price or prices
and at such time or times as the board of directors of the authority may consider advantageous,
at public or private sale. If bonds are to be sold by competitive bid on sealed bids or at
public auction, the bonds may be sold only to the bidder whose bid reflects the lowest effective
borrowing cost to the authority for the bonds being sold; provided, that if no bid acceptable
to the authority is received, it may reject all bids. Notice of each such sale by competitive
bids shall be given by publication in either a financial journal or a financial newspaper
published in the City of New York, New York, and also by publication in a newspaper published
in the State of Alabama, each of which notices must be published at least one time not less
than 10 days before the date fixed for such sale. The board of directors may fix the terms
and conditions under which such sale by competitive bids may be held;...
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41-16-51.1
Section 41-16-51.1 Municipal or county contracts for certain services exempt from competitive
bid requirement. Notwithstanding any other laws to the contrary, when it is necessary for
a county or an incorporated municipality to enter into a public contract for the provision
of services or for the provision of primarily services even though the contract may include
the furnishing of ancillary products or ancillary goods which would otherwise be required
to be let by competitive bid, the county or municipality may, without soliciting and obtaining
competitive bids, contract with a vendor or provider for the services at a price which does
not exceed the price which the state has established through the competitive bid process for
the same services under the same terms and conditions and provided it pertains to a current
and active bid on a non-statewide agency contract. The mere delivery of products or goods,
or the performance of a common, non-specialized service with relation to goods...
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41-16-55
Section 41-16-55 Effect of agreements or collusion among bidders in restraint of competition;
knowing participation in collusive agreement. Any agreement or collusion among bidders or
prospective bidders in restraint of freedom of competition, by agreement, to bid at a fixed
price or to refrain from bidding or otherwise shall render the bids of such bidders void and
shall cause such bidders to be disqualified from submitting further bids to the awarding authority
on future purchases. Whoever knowingly participates in a collusive agreement in violation
of this section involving a bid or bids of fifteen thousand dollars ($15,000) and under shall
be guilty of a Class A misdemeanor and, upon conviction, shall be punished as prescribed by
law. Whoever knowingly and intentionally participates in a collusive agreement in violation
of this section involving a bid or bids of over fifteen thousand dollars ($15,000) shall be
guilty of a Class C felony, and upon conviction shall be punished as...
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45-37A-52.168
Section 45-37A-52.168 Contracts for city improvements. Any city improvement costing more than
two thousand dollars ($2,000) shall be executed by contract except where such improvement
is authorized by the council to be executed directly by a city department in conformity with
detailed plans, specifications, and estimates. All such contracts for more than two thousand
dollars ($2,000) shall be awarded to the lowest responsible bidder after such public notice
and competition as may be prescribed by resolution or ordinance, provided the mayor shall
have the power to reject all bids and advertise again. Alterations in any contract may be
made when authorized by the council upon the written recommendation of the mayor. (Acts 1955,
No. 452, p. 1004, §6.09.)...
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9-14-25
Section 9-14-25 Financial resources of persons, etc., seeking concessions; submission of financial
statements with bids; verification of same. No person, firm or corporation shall be granted
a concession contract who or which does not have sufficient financial resources to properly
operate a concession. All bidders for concessions must submit with their bids a complete financial
statement, which statement shall be subject to full verification by proper state officials.
Any bid submitted without such statement may not be considered. (Acts 1971, No. 2440, p. 3900,
§7.)...
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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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22-29-16
Section 22-29-16 Custody of moneys and funds; disposition of same. The State Treasurer shall
have custody of all moneys or funds paid or delivered to the authority and shall establish
a separate account for each project of each local public body, and such moneys or funds shall
be dedicated and used solely for the payment of any grant by the authority for the state to
such local public body or, in case the bonds of the authority shall have been issued to fund
such grant, the payment of the principal of and interest on such bonds, the expenses of such
payment and any reserve fund required for such bonds by the authorizing resolution; provided,
that if there shall be any surplus funds on deposit in said fund to the credit of the project
of a local public body, then, upon application by such local public body, the State Treasurer
may make cash expenditures from such account for any such project to the extent that moneys
are available therefor in any fiscal year of the authority after there...
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22-34-11
Section 22-34-11 Dedicated source of revenue to repay moneys; default; accounting standards.
(a) In order to provide for the funding of the loan by the authority for a project to the
public body, such public body shall establish a dedicated source of revenue to repay the moneys
received from the authority and to provide for operation, maintenance and equipment replacement
expenses. Such public body 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 bond debt
service with respect to the bonds of the authority issued to fund the loan for such project
and to pay over such debt service to the account of the project for deposit to the revolving
loan fund; (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 of any...
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39-1-1
Section 39-1-1 Bonds required of persons contracting for public works; commencement, etc.,
of actions upon bond by persons supplying labor, etc., to contractor; offer to accept judgment;
notice of completion of project by contractor and final settlement; applicability. (a) Any
person entering into a contract with an awarding authority in this state for the prosecution
of any public works shall, before commencing the work, execute a performance bond, with penalty
equal to 100 percent of the amount of the contract price. In addition, another bond, payable
to the awarding authority letting the contract, shall be executed in an amount not less than
50 percent of the contract price, with the obligation that the contractor or contractors shall
promptly make payments to all persons supplying labor, materials, or supplies for or in the
prosecution of the work provided in the contract and for the payment of reasonable attorneys'
fees incurred by successful claimants or plaintiffs in civil...
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