11-50A-1
this chapter and any successor or successors thereto. (2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by the authority under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION NOTES. Short term obligations issued by the authority in anticipation of the issuance of bonds. (5) COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment, alteration, repair, or extension of any project; all costs of real and personal property required for the purposes of any project, including any rights or undivided interest therein; all costs of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates, and all costs of securing any permits, approvals, licenses, and certificates, and preparing applications therefor; all costs of machinery and equipment, including equipment for use in connection with construction; all costs of the initial fuel supply or additional fuel inventories...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-1.htm - 9K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-2.htm - 1K - Match Info - Similar pages
22-21-144
Section 22-21-144 Bonds - Security. The principal of, and the interest on, the bonds shall be secured by a pledge of the revenues out of which the bonds shall be made payable, may be secured by a pledge of the lease agreement (if any) covering the project from which revenues so pledged shall be derived and by a pledge of the rental from such project and may be secured by a nonforeclosable indenture covering the project or projects out of the revenues from which the bonds are made payable. The trustee, under any indenture, may be a trust company or bank having trust powers, whether located within or without the state, and may be selected by the board without regard to the provisions of Chapter 25 of Title 36 of this code or other similar law. The indenture may contain any agreements and provisions customarily contained in instruments securing evidences of indebtedness including, without limiting the generality of the foregoing, provisions respecting the collection, segregation and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-144.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-2.htm - 4K - Match Info - Similar pages
31-9-6
Section 31-9-6 Powers and duties of Governor with respect to emergency management. In performing his or her duties under this article, the Governor is authorized and empowered: (1) To make, amend, and rescind the necessary orders, rules and regulations to carry out the provisions of this article within the limits of the authority conferred upon him or her in this article, with due consideration of the plans of the federal government. (2) To prepare a comprehensive plan and program for the emergency management of this state, such plan and program to be integrated and coordinated with the emergency management plans of the federal government and of other states to the fullest possible extent, and to coordinate the preparation of plans and programs for emergency management by the political subdivisions of this state, such plans to be integrated into and coordinated with the emergency management plans and programs of this state to the fullest possible extent. (3) In accordance with such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/31-9-6.htm - 5K - Match Info - Similar pages
41-9-544
Section 41-9-544 Funding. In addition to any other power established pursuant to this article, the authority may exercise the following powers: (1) To solicit and receive appropriations, gifts, contributions of money, and property consistent with the purpose for which the authority is created. Title to all gifts, articles, and money received by the authority shall be vested in the authority. The authority shall use gifts, articles, and money received for the purpose specified by the grantor, to the extent consistent with this article and the rules of the authority. (2) To solicit and accept loans of furniture and other objects as it deems suitable and appropriate. The authority shall use loaned furniture and objects for the purpose specified by the grantor to the extent consistent with this article and the rules of the authority. (3) To make, enter into, and execute contracts, agreements, and other instruments as may be necessary or desirable to accomplish any purpose for which it is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-544.htm - 3K - Match Info - Similar pages
45-17-90.52
Section 45-17-90.52 Disposition of funds. Expenditures from the special fund provided for in Section 45-17-90.51 shall be made exclusively for the purposes of paying principal of, premium, if any, and interest on securities evidencing obligations incurred for payment for the Shoals Economic Development Project. All of the proceeds of the taxes herein authorized shall be specifically pledged by the Colbert County Commission to the payment of principal of, premium, if any, and interest on the securities, whether such securities are issued by the county or by a local public corporation. The pledge of the taxes herein authorized for the payment of the principal of, premium, if any, and interest on securities issued by Colbert County or a local public corporation, together with any applicable covenants of the county and the local public corporation relating to such pledge, shall have the force of contract between the county, the local public corporation, and the holders of the securities....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-17-90.52.htm - 1K - Match Info - Similar pages
45-39-92.52
Section 45-39-92.52 Disposition of funds. Expenditures from the special fund provided for in Section 45-39-92.51 shall be made exclusively for the purposes of paying principal of and interest on securities evidencing obligations incurred for payment for the Shoals Economic Development Project. All of the proceeds of the taxes herein authorized shall be specifically pledged by the Lauderdale County Commission to the payment of principal of and interest on the securities, whether such securities are issued by the county or by a local public corporation. The pledge of the taxes herein authorized for the payment of the principal of and interest on securities issued by Lauderdale County or a local public corporation, together with any applicable covenants of the county and the local public corporation relating to such pledge, shall have the force of contract between the county, the local public corporation, and the holders of the securities. The proceeds of the taxes may be deposited by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39-92.52.htm - 1K - Match Info - Similar pages
8-32-2
Section 8-32-2 Definitions. As used in this chapter, the following terms shall have the following meanings: (1) ADMINISTRATOR. The person designated by a provider to be responsible for the administration of service contracts or the service contracts plan or to make the filings required by this chapter. (2) COMMISSIONER. The Commissioner of Insurance of this state. (3) CONSUMER. A natural person who buys, primarily for personal, family, or household purposes, and not for resale, any tangible personal property normally used for personal, family, or household purposes and not for commercial or research purposes. (4) MAINTENANCE AGREEMENT. A contract of limited duration that provides for scheduled maintenance only. (5) MANUFACTURER. A person that is one of the following: a. A manufacturer or producer of property that sells the property under its own name or label. b. A subsidiary of the person who manufactures or produces the property. c. A corporation which owns at least 80 percent of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-32-2.htm - 6K - Match Info - Similar pages
9-10-34
of its affairs and the conduct of its business; (2) To adopt an official seal and alter the same at pleasure; (3) To maintain a principal office at the county seat and suboffices at such place or places within the county as it may designate; (4) To sue and be sued in its own name; (5) To enter into contracts and agreements or do any act necessary or incidental to the performance of its duties and execution of its powers under this article; (6) To acquire, hold and dispose of real and personal property or any interests therein; (7) To provide a water supply by impounding a stream or by development and use of wells by either construction, lease or purchase; (8) To develop and operate an irrigation project, including the facilities necessary thereto, either by construction, lease or purchase; (9) To provide for the control of floods by impounding surplus water or by other means to the extent that such work is economically feasible and desirable and not opposed to the need of water...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-10-34.htm - 3K - Match Info - Similar pages
|