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24-1A-2
or the state; interest bearing bank and savings and loan association deposits; obligations
of any agency of the United States of America; any obligations in which a state chartered
savings and loan association may invest its funds; any agreement to repurchase any of the
foregoing; or any combination thereof. (3) BOARD OF DIRECTORS. The board of directors of the
authority. (4) BONDS. Bonds or other securities representing an obligation to pay money. (5)
ELIGIBLE HOUSING UNIT. Real and personal properties located in the state constituting
a single family dwelling unit for occupancy by low and moderate income families or a multi-family
dwelling unit for occupancy by any persons and families without restriction as to the income
of such persons or families other than any applicable federal restrictions imposed upon multi-family
dwelling units financed from the proceeds of bonds the interest on which is exempt from federal
income taxes. (6) LOW AND MODERATE INCOME FAMILIES. Persons...
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11-92B-10
to hold, keep, improve, maintain, and impose restrictive covenants and land use controls, to
engage in environmental remediation and restoration efforts as required under applicable agreements
with the United States Department of Defense, to equip, furnish, develop, and to transfer,
convey, donate, sell, lease, grant options to, assign, encumber with easements and mortgages
and other security agreements, or otherwise convey or dispose of property of every kind and
character, real, personal, mixed, tangible, and intangible, and any interest therein,
to any person, with the authority receiving adequate consideration, as solely determined by
the authority upon the authority's consideration of tangible and intangible factors in determining
if adequate consideration is to be received by the authority. (5) To make, enter into, and
execute such contracts, agreements, cooperative agreements, leases, loan agreements, orders,
mortgages, deeds, and other legal arrangements and to take...
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11-92C-8
in Chapter 93 of this title for the purpose of limiting the damages for which the authority
may be liable. (3) To adopt and make use of a corporate seal and to alter the seal at its
pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise,
and to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more
projects, including all real and personal properties which the board of the authority
may deem necessary in connection therewith, regardless of whether or not the projects shall
then be in existence. (6) To lease to others any or all of its projects and to share and collect
rent thereof, and to terminate any lease upon the failure of the lessee to comply with any
of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its properties if...
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22-19-161
assistant by the State Board of Medical Examiners to remove or process a part. (35) "Technician"
means an individual determined to be qualified to remove or process parts by an appropriate
organization that is licensed, accredited, or regulated under federal or state law. The term
includes an enucleator. (36) "Tissue" means a portion of the human body other than
an organ or an eye. The term does not include blood unless the blood is donated for the purpose
of research or education. (37) "Tissue bank" means a person that is licensed, accredited,
or regulated under federal or state law to engage in the recovery, screening, testing, processing,
storage, or distribution of tissue. (38) "Transplant hospital" means a hospital
that furnishes organ transplants and other medical and surgical specialty services required
for the care of transplant patients. (39) "Will" means a disposition of real and
personal property to take effect after the death of a testator. (Act 2008-453, p. 867,
§1.)...
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41-23-213
Section 41-23-213 Grant program; rulemaking authority; Alabama Broadband Accessibility Fund.
(a) The Director of ADECA may establish and administer the broadband accessibility grant program
for the purpose of promoting the deployment and adoption of broadband Internet access services
to unserved areas. By June 26, 2018, the director shall adopt rules and policies to administer
the program and begin to accept applications for grants, and shall adopt such rules as may
be necessary to meet the future needs of the grant program. (b) The program shall be administered
pursuant to policies developed by ADECA in compliance with this article. The policies shall
provide for the awarding of grants to non-governmental entities that are cooperatives, corporations,
limited liability companies, partnerships, or other private business entities that provide
broadband services. Nothing in this article shall expand the authority under state law of
any entity to provide broadband service. (c) There is...
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45-8-90
as security therefor its assets, and anticipated revenues; (8) to maintain civil actions and
have civil actions maintained against it and to defend civil actions against it; (9) to adopt
and alter bylaws for the regulation and conduct of its affairs and business; (10) to acquire,
receive, and take title to, by purchase, gift, lease, devise, or otherwise, to hold, keep,
and develop and to transfer, convey, lease, assign, or otherwise dispose of property of every
kind and character, real, personal, and mixed, and any and every interest therein,
located within the area of operation of the council, to any person; (11) to make, enter into,
and execute such contracts, agreements, leases, and other legal arrangements and to take such
steps and actions as may be necessary or convenient in the furtherance of any purpose or the
exercise of any power provided or granted to it by law; (12) to borrow money for any council
purpose, function, or use and to issue in evidence of the borrowing,...
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23-7-9
Section 23-7-9 Financing agreements; other authorized financing; security interests. (a) Qualified
borrowers may obtain loans or other financial assistance from the bank through financing agreements.
Qualified borrowers entering into financing agreements and issuing loan obligations to the
bank may perform any acts, take any action, adopt any proceedings, and make and carry out
any contracts or agreements with the bank as may be agreed to by the bank and any qualified
borrower for carrying out the purposes of this chapter. (b) In addition to the authorizations
contained in this chapter, all other statutes or provisions permitting government units to
borrow money and issue obligations may be utilized by any government unit in obtaining a loan
or other financial assistance from the bank to the extent determined necessary or useful by
the government unit in connection with any financing agreement and the issuance, securing,
or sale of loan obligations to the bank. (c) A qualified borrower...
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23-7-3
Section 23-7-3 Creation; purpose; accounts. (a) There is created a public corporation to be
known as the Alabama Transportation Infrastructure Bank. (b) The bank is governed by a board
of directors as provided in this chapter. (c) The corporate purpose of the bank is to select
and assist in financing major qualified projects by providing loans and other financial assistance
to government units for constructing and improving highway and transportation facilities necessary
for public purposes including economic development. (d) The bank shall establish and maintain
at least the following accounts: (1) State highway account. (2) Federal highway account. (Act
2015-50, §3.)...
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2-17-25
Section 2-17-25 Designation and powers of commissioner as state agency for cooperating with
Secretary of Agriculture; jurisdiction of commissioner exclusive as to activities covered
by chapter; cooperation with other governmental branches and agencies. (a) The commissioner
is hereby designated as the state agency which shall be responsible for cooperating with the
Secretary of Agriculture of the United States under the provisions of the federal Meat Inspection
Act and the federal Poultry Products Inspection Act, and such agency is hereby directed to
cooperate with the Secretary of Agriculture of the United States in developing and administering
the meat and poultry inspection program of this state under this chapter to assure that its
requirements will be at least equal to those imposed by the applicable provisions of the federal
Meat Inspection Act and the federal Poultry Products Inspection Act and in developing and
administering the program of this state under this chapter in such...
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5-25-2
Section 5-25-2 Definitions. For purposes of this chapter, the following terms shall have the
following meanings: (1) BORROWER. A natural person who submits an application for a loan secured
by a first or subordinate mortgage or deed of trust on a single-family to four-family home
to be occupied by the borrower as the borrower's primary residence. (2) COMMITMENT. A written
statement by a lender that sets forth the terms and conditions upon which the lender is willing
to make a particular mortgage loan to a particular borrower. A good faith estimate provided
under the Federal Real Estate Settlement Procedures Act is not a commitment for the purposes
of Act 2009-624. (3) CONTROL. The direct or indirect possession of the power to direct or
cause the direction of the management and policies of a person, whether through the ownership
of voting securities, by contract, or otherwise, and shall include the terms controlling,
controlled by, and under common control with. (4) DEPARTMENT. The...
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