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5-26-2
Section 5-26-2 Legislative findings. The activities of mortgage loan originators and
the origination or offering of financing for residential real property have a direct, valuable,
and immediate impact upon Alabama's consumers, Alabama's economy, the neighborhoods and communities
of Alabama, and the housing and real estate industry. The Legislature finds that accessibility
to mortgage credit is vital to the state's citizens. The Legislature also finds that it is
essential for the protection of the citizens of Alabama and the stability of Alabama's economy
that reasonable standards for licensing and regulation of the business practices of mortgage
loan originators be imposed. Therefore the Legislature establishes within this chapter: (a)
SYSTEM OF SUPERVISION AND ENFORCEMENT. An effective system of supervision and enforcement
of the mortgage lending industry, including: (i) The authority to issue licenses to conduct
business under this chapter, including the authority to write rules or...
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41-10-621
Section 41-10-621 Legislative findings and purpose. (a) The Legislature finds and declares
the following: (1) The State of Alabama has a great need from time to time to have access
to financing for economic development and industrial recruitment that does not involve improvements
to revenue-producing facilities. (2) It is desirable and in the public interest to establish
a state-level authority with the power to issue bonds for such general purposes. (3) The Alabama
Supreme Court has held, in effect, that only when the debt of a public corporation is payable
out of a new revenue source will such debt not be considered a debt of the state in contravention
of Section 213 of the Constitution of Alabama of 1901; the State of Alabama expects
to receive in the near future new revenues from the settlement of certain litigation between
the state and the tobacco industry. (4) By the passage of this division, it is the intention
of the Legislature to: a. Provide for the creation of a special...
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41-10-720
Section 41-10-720 Legislative findings. The Legislature makes the following findings:
(1) At any given time, the level of activity in our construction industry is a primary yardstick
for measuring the overall economic health of this country and this state, and that the success
and stability of the building, manufacturing, and commercial businesses are dependent upon
a sufficient supply of skilled artisans and craft persons who can produce quality products
that inspire public confidence. The State of Alabama and the nation has a great need for a
program that provides for the recruitment of, and training programs and opportunities for,
new construction craft trade workers. It is desirable and in the public interest to establish
a public authority at the state level to create and implement such a program. (2) The passage
of a federal economic stimulus package provides substantial funding for significant new highway,
road, bridge, and public infrastructure projects, and the Legislature...
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24-10-3
Section 24-10-3 Legislative findings. (a) It is hereby found and declared that Alabama
is in need of more safe, decent, and affordable housing for residents with incomes at or below
60 percent of the median family income. (b) It is further declared that the lack of affordable
housing in Alabama adversely affects a community's ability to develop and maintain a viable
and stable economy. The establishment of the Alabama Housing Trust Fund is intended to: (1)
Provide a flexible source of funding for all Alabama communities to address their affordable
housing needs. (2) Help families attain economic stability. (3) Revitalize blighted and distressed
neighborhoods by creating safe, decent, and affordable housing. (4) Contribute to economic
growth through increased housing production, employment, and tax revenue, thereby benefiting
all Alabama residents. (5) Alleviate deficiencies in the supply of safe, decent, and affordable
housing for residents with incomes at or below 60 percent of the...
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24-9-5
Section 24-9-5 Alabama Land Bank Authority Board. (a) There is created the Alabama Land
Bank Authority Board which shall govern the authority to administer and enforce this chapter.
(b) The board shall consist of the following members: (1) Four residents of the state appointed
by the Governor. (2) Two representatives from nonprofit organizations engaged in low-income
housing appointed by the Governor. (3) The Presiding Officer of the Senate or his or her designee.
(4) The Speaker of the House of Representatives or his or her designee. (5) The Chair of the
Senate Finance and Taxation General Fund Committee or his or her designee. (6) The Chair of
the House Ways and Means General Fund Committee or his or her designee. (7) The State Revenue
Commissioner or his or her designee. (8) The Superintendent of the State Banking Department
or his or her designee. (9) The Director of the Alabama Department of Economic and Community
Affairs or his or her designee. (10) The Secretary of the Alabama...
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45-8-90
Section 45-8-90 Economic Development Council - Creation; composition; powers and duties.
(a)(1) For the purposes of promoting industry and trade and economic development and to assist
Calhoun County and the municipalities located therein in their pursuits therefor and to provide
for the exercise by the county and the municipalities of certain powers and authority proposed
to be granted to them by an amendment to the Constitution of Alabama, the act proposing such
amendment being adopted at the same session of the Legislature at which the act adding this
section was adopted, there is hereby created an economic development council for Calhoun
County, which council shall constitute a public corporation under the name Calhoun County
Economic Development Council. (2) This section shall be liberally construed in conformity
with the purposes. (b)(1) The powers and authorities of the Calhoun County Economic Development
Council shall be vested in and performed by a board of directors. (2) The...
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10A-20-7.02
Section 10A-20-7.02 Incorporation. (a) Five or more financial institutions or persons,
a majority of whom shall be residents of this state, who may desire to create an industrial
development corporation under the provisions of this article for the purpose of promoting,
developing, and advancing the prosperity and economic welfare of the state and, to that end,
to exercise the powers and privileges provided in this article may be incorporated by delivering
to the Secretary of State for filing a certificate of formation. The filing of the certificate
shall be accompanied by a filing fee in the amount prescribed to be paid to the Secretary
of State under Section 10A-1-4.31 in connection with the filing of a certificate of
formation. The certificate of formation shall contain: (1) The name of the corporation which
shall include the words "industrial development corporation of Alabama." (2) The
location of the principal office of the corporation, but the corporation may have offices
in...
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36-13-52
Section 36-13-52 Director - Duties. (a) The director shall act as a liaison between
minority communities and the Governor, with duties to do all of the following: (1) Conduct
community outreach throughout the state to assess and address issues facing women and minorities.
(2) Ensure that all women and minorities are better represented and receive equal access in
areas such as business development, education, health care, housing, government services,
and criminal justice matters. (3) Encourage public debate on issues affecting Alabama minority
populations, including open access to public services and fair and equitable implementation
of public policy. (4) Assess efforts by state agencies to assist women and minorities, promoting
self-sufficiency through education and training. (5) Collaborate with business and industry
representatives, the Alabama Workforce Council, higher education stakeholders, and the Alabama
Small Business Commission to facilitate identification of minority and...
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11-85-100
Section 11-85-100 Definitions. As used in this article, the following words and phrases
shall have the following meanings: (1) AUTHORITY. The public corporation organized pursuant
to this article. (2) BOARD OF DIRECTORS. The Board of Directors of the Alabama Revolving Loan
Fund Authority. (3) BONDS. The bonds issued under this article. (4) GRANTEE. The several existing
regional planning and development commissions, as provided for in Sections 11-85-50 to 11-85-73,
inclusive. (5) REVOLVING LOAN FUNDS. The monies provided by the sale of the bonds pursuant
to this article. These monies may be combined with or used to facilitate access to either
federal funds or foundation grants or loans, or to leverage private sector financing that
may be available for initial or seed capital, long or short term fixed asset or equipment
loans or working capital for local economic development projects for improving, developing,
or financing new, existing, or expanding business or industry, to preserve or...
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26-24-30
Section 26-24-30 Alabama Children's Policy Council. (a) The Alabama Children's Policy
Council is hereby created and shall consist of the following members: Three appointees from
business and industry made by the Governor; the Lieutenant Governor; the Speaker of the House
of Representatives; two members of the Alabama Senate, one appointed by the Lieutenant Governor
and one appointed by the President Pro Tempore of the Senate; two members of the House of
Representatives appointed by the Speaker of the House of Representatives; the Chief Justice
of the Supreme Court of Alabama; the legal advisor to the Governor; the Attorney General;
the President of the Juvenile and Family Court Judges' Association; the Commissioner of the
Department of Corrections; the President of the District Attorneys' Association; the President
of the Chief Juvenile Probation Officers' Association; the Commissioner of the Department
of Human Resources; the Administrative Director of Courts; the Secretary of the...
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