40-18-415
Section 40-18-415 (Per Section 40-18-416, this section is repealed following the close of fiscal
year 2020) Forms; construction of article; rulemaking authority. (a) All filings and applications
made with any department of the state government shall be made using forms promulgated by
such department. Any such filing shall be treated as a tax return, subject to penalties imposed
by the Department of Revenue. (b) Nothing in this article shall be construed to constitute
a guarantee or assumption by the state of any debt of any company nor to authorize the credit
of the state to be given, pledged, or loaned to any company. (c) Nothing in this article shall
be construed to make available to any taxpayer any right to the benefits conferred by this
article absent strict compliance with this article. (d) Nothing in this article shall be construed
to limit the powers otherwise existing for the Department of Revenue to audit and assess a
taxpayer claiming the Growing Alabama Credit. (e) Nothing...
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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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24-3-4
Section 24-3-4 Powers, rights, etc., of housing authorities, etc., with respect to urban renewal
projects generally; surveys and plans. An authority shall have all the powers necessary or
convenient to undertake and carry out urban renewal plans and urban renewal projects, including
the authority to acquire and dispose of property, to make payments to persons and businesses
displaced by the acquisition and disposal of any property, to issue bonds and other obligations,
to borrow and accept grants from the federal government or other source, and to exercise the
other powers which Chapter 2 of this title confers on an authority with respect to redevelopment
projects. In connection with the planning and undertaking of any urban renewal plan or urban
renewal project, the authority, the municipality, and all public and private officers, agencies,
and bodies shall have all the rights, powers, privileges, and immunities which they have with
respect to a redevelopment plan or redevelopment...
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22-34-3
Section 22-34-3 Revolving fund established; use of funds; administration of fund; annual report.
(a) There is hereby established the Water Pollution Control Revolving Loan Fund, which shall
be maintained in perpetuity and operated by the department as agent for the authority for
the purposes stated herein. Grants from the federal government or its agencies allotted to
the state for capitalization of the revolving loan fund, state matching funds where required,
and loan principal, interest, and penalties shall be deposited as required by the terms of
the federal grant directly in the revolving loan fund. Money in the revolving loan fund shall
be expended in a manner consistent with terms and conditions of the federal capitalization
grants and may be used to provide loans for the construction or rehabilitation of public wastewater
treatment facilities; to secure principal and interest on bonds issued by the authority if
the proceeds of such bonds are deposited in the revolving loan fund...
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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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24-1-31
Section 24-1-31 Issuance of bonds by authority; types of and security for bonds generally;
liability on bonds. An authority shall have power to issue bonds, from time to time, in its
discretion, for any of its corporate purposes. An authority shall also have power to issue
or exchange refunding bonds for the purpose of paying, retiring, extending or renewing bonds
previously issued by it. An authority may issue such types of bonds as it may determine, including,
without limiting the generality of the foregoing, bonds on which the principal and interest
are payable from income and revenues of the authority and from grants or contributions from
the federal government or some other source. Such income and revenues securing the bonds may
be: (1) Exclusively the income and revenues of the housing project financed in whole or in
part with the proceeds of such bonds; (2) Exclusively the income and revenues of certain designated
housing projects, whether or not they are financed in whole or in...
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24-1-70
Section 24-1-70 Issuance of bonds by authority; types of and security for bonds generally;
liability on bonds. An authority shall have power to issue bonds from time to time, in its
discretion, for any of its corporate purposes. An authority shall also have power to issue
or exchange refunding bonds for the purpose of paying, retiring, extending, or renewing bonds
previously issued by it. An authority may issue such types of bonds as it may determine, including,
without limiting the generality of the foregoing, bonds on which the principal and interest
are payable from income and revenues of the authority and from grants or contributions from
the federal government or some other source. Such income and revenues securing the bonds may
be: (1) Exclusively the income and revenues of the housing project financed in whole or in
part with the proceeds of such bonds; (2) Exclusively the income and revenues of certain designated
housing projects, whether or not they are financed in whole or in...
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11-54-170
Section 11-54-170 Legislative intent; liberal construction. It is the intent of the Legislature
by the passage of this article to authorize the incorporation in any municipality of commercial
development authorities to acquire, own, and lease projects for the purpose of promoting trade
and commerce by inducing commercial enterprises to locate new facilities in any municipality
and expand existing facilities in any municipality. It is intended that each project be self-liquidating.
It is not the intent of the Legislature to authorize any authority itself to operate any commercial
enterprise. This article shall be liberally construed in conformity with the intent. (Acts
1980, No. 80-648, p. 1235, §1; Acts 1981, No. 81-729, p. 1251, §2; Acts 1994, No. 94-323,
§1.)...
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24-1-101
Section 24-1-101 Definitions. The following terms, wherever used in this article, shall have
the following respective meanings, unless a different meaning clearly appears from the context:
(1) AUTHORITY or HOUSING AUTHORITY. Any corporate body created pursuant to this article or
this chapter. (2) MUNICIPALITY. Any city or incorporated town in the state. (3) FEDERAL GOVERNMENT.
The United States of America or any agency or instrumentality thereof. (4) GOVERNING BODY.
The legislative body, council, board of commissioners, county commission, or other body charged
with governing the city, town, or county, as the case may be. (Acts 1943, No. 541, p. 512,
§16.)...
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11-85-73
Section 11-85-73 Commissions authorized to enter into contracts with other agencies. Regional
planning commissions, business corporations, nonprofit corporations, and local entities as
defined in Section 23-1-21.1, or as might be hereafter defined by amendment of such section
are authorized and empowered to enter into contracts, jointly, separately, and severally with
each other and/or with the State of Alabama, the federal government, and/or with their respective
departments and agencies, for the purpose of receiving and disbursing state, federal and/or
local governmental and private funds for programs established or which might be established
as a result of federal, state, and/or local legislation, and to establish on a state or local
level, operate and administer any such programs under the contract terms, provided the contract
performance, the operation and administration of programs thereunder are in keeping with any
such legislation and regulations thereunder. Any such contracts...
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