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24-7A-3
Section 24-7A-3 Powers of authority. The authority may: (1) Undertake research and studies
and analyses of housing needs in the State of Alabama, and the means by which such needs may
be met, including data with respect to population and family groups and the distribution thereof
according to income groups, the amount and quality of available housing and its distribution
according to rental and sales prices, and employment, wage, and other factors affecting the
local housing needs and the meeting thereof, and make the results and analyses available to
the public and the building, housing, and supply industries. (2) Enter into contracts with
cities, towns, counties, and other housing authorities in the state for the purpose of carrying
out this section. (3) Establish rentals and select tenants in low-income rental housing projects
under its jurisdiction. (4) Issue bonds, notes, and other evidence of indebtedness for the
purpose of financing the construction of housing for low-income...
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41-10-44.8
Section 41-10-44.8 Tax credits, job development fees and other incentives. (a) Upon the issuance
by the authority of its project obligations for the purpose of financing a project for an
approved company with respect to which the authority adopted a resolution accepting the project
prior to January 16, 1995, the approved company: (1) Shall receive a credit against the corporate
income tax levied by Section 40-18-31 that otherwise would be owed to the state in any year
by the approved company on its income generated by or arising out of the project, such credit
not to exceed the lesser of (i) the amount due in tax, or (ii) the amount paid by the approved
company pursuant to a financing agreement in the year for which the tax is due, corresponding
to debt service on the project obligations; and (2) May elect to withhold and retain the aggregate
job development fees described in paragraph (b) below, but only to the extent that debt service
payments under the financing agreement(s) exceed...
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24-3-7
Section 24-3-7 Acquisition, preparation for development or disposal of undeveloped vacant land
by housing authorities, etc. Notwithstanding any other provision of law, the acquisition,
preparation for development, or disposal of undeveloped vacant land shall constitute a redevelopment
project, under this title or any other law, which may be undertaken in the same manner provided
in this title, or any amendments or provisions supplemental thereto, by any housing authority
now or hereafter established pursuant to this title or by any governing body of any incorporated
city or town, if such acquisition of undeveloped vacant land is determined, as provided in
this section, to be essential to the proper clearance, redevelopment, rehabilitation, or conservation
of a slum or blighted area of a community or to its general slum clearance or urban renewal
program. Such determination shall be made by the housing authority of such community or the
governing body of any incorporated city or town...
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18-1B-2
Section 18-1B-2 Limitations on condemnation. (a) Neither the State of Alabama, nor any of its
departments, divisions, agencies, commissions, corporations, boards, authorities, or other
entities, nor any agency, corporation, district, board, or other entity organized by or under
the control of any municipality or county in the state and vested by law to any extent whatsoever
with the power of eminent domain may condemn property for the purpose of nongovernmental retail,
office, commercial, residential, or industrial development or use or to primarily condemn
a mortgage or deed of trust; provided, however, the foregoing provisions of this subsection
shall not apply to the exercise of the powers of eminent domain by any county, municipality,
housing authority, or other public entity based upon a finding of blight in an area covered
by any redevelopment plan or urban renewal plan pursuant to Chapters 2 and 3 of Title 24,
provided the purpose of the exercise of the powers of eminent domain...
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24-1-4
Section 24-1-4 Agreements of municipal, county, or regional housing authorities to secure federal
contributions. In addition to the powers conferred upon a housing authority created for a
city or county or a regional housing authority by other provisions of law, such authority,
in any contract for annual contributions with the federal government, may obligate itself,
which obligation shall be specifically enforceable and shall not constitute a mortgage, notwithstanding
any other laws, to convey to the federal government the project to which such contract relates,
upon the occurrence of a substantial default with respect to the covenants or conditions to
which such authority is subject. Such contract may further provide that in case of such conveyance,
the federal government may complete, operate, manage, lease, convey or otherwise deal with
the project in accordance with the terms of such contract. Any such contract shall require
that, as soon as practicable after the federal...
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11-62-2
Section 11-62-2 Legislative findings and declarations. It is hereby found and declared as follows:
There exists in the State of Alabama a serious shortage of adequate facilities for the housing,
care, and treatment of persons requiring special care, including orphans and persons who are
elderly, sick, physically disabled, or handicapped or mentally ill or retarded, as well as
a shortage of investment funds needed to finance such facilities; in order to alleviate the
shortage of such facilities, to encourage the continued operation of such facilities as now
exist and to enable certain not-for-profit organizations to finance such facilities it is
necessary and desirable to authorize the creation by municipalities in the state of authorities
which will have the power to increase the supply of investment funds available for such facilities
by selling and issuing bonds and notes and using the proceeds of such bonds and notes to (1)
acquire facilities for lease or sale to such not-for-profit...
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11-90-4
Section 11-90-4 Establishment and maintenance of joint library service. In lieu of establishing
or maintaining free public libraries exclusively for a single county or municipality in the
manner provided in this chapter, the library board of any county or municipality free public
library may contract, in behalf of the political unit represented by such local library board,
to and with the library board of another political unit or governmental agency or instrumentality
with respect to the establishment or maintenance of joint library service upon such terms
as may be agreed upon by the several contracting parties. Where there is no existing public
library, the power thus to contract shall vest in the county commission of the county or the
governing body of the municipality. Included in the power conferred is the determination of
the basis and personnel of representation of the local political units on the joint library
board administering the joint library service established under...
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24-3-2
Section 24-3-2 Authority to plan and undertake urban renewal projects; limitations on eminent
domain. (a) In addition to its authority under this title, any housing authority created under
this title is hereby authorized to plan and undertake urban renewal projects. (b) The governing
body of any incorporated city or town is likewise hereby authorized to plan and undertake
urban renewal projects and shall have and possess the same powers and authority granted to
or conferred on any housing authority. (c) As used in this chapter, an urban renewal project
may include undertakings and activities for the elimination and for the prevention of the
spread of blighted property as defined in subsection (c) of Section 24-2-2 and may involve
any work or undertaking for such purpose constituting a redevelopment project authorized by
Chapter 2 of this title, or any rehabilitation or conservation work or any combination of
such undertaking or work. For this purpose, "rehabilitation or conservation...
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26-1A-209
Section 26-1A-209 Operation of entity or business. Subject to the terms of a document or an
agreement governing an entity or an entity ownership interest, and unless the power of attorney
otherwise provides, language in a power of attorney granting general authority with respect
to operation of an entity or business authorizes the agent to: (1) operate, buy, sell, enlarge,
reduce, or terminate an ownership interest; (2) perform a duty or discharge a liability and
exercise in person or by proxy a right, power, privilege, or option that the principal has,
may have, or claims to have; (3) enforce the terms of an ownership agreement; (4) initiate,
participate in, submit to alternative dispute resolution, settle, oppose, or propose or accept
a compromise with respect to litigation to which the principal is a party because of an ownership
interest; (5) exercise in person or by proxy, or enforce by litigation or otherwise, a right,
power, privilege, or option the principal has or claims to...
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41-10-93
Section 41-10-93 Authority for issuance of bonds by corporation; liability upon bonds; form,
terms, denominations, etc.; redemption; sale; payment of expenses in connection with authorization,
sale and issuance; bonds to contain recital as to authority for issuance; bonds to be deemed
negotiable instruments. The corporation is authorized at any time and from time to time to
issue its interest-bearing revenue bonds for the purpose of acquiring, constructing, improving,
enlarging, completing and equipping one or more projects. The principal of and interest on
any such bonds shall be payable solely out of the rent, revenues and income derived from the
project with respect to which such bonds are issued. None of the bonds of the corporation
shall ever constitute an obligation or debt of the state, the county or the municipality or
a charge against the credit or taxing power of the state, the county or municipality. The
bonds of the corporation may be in such form and denomination, may be...
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