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8-6-111
Section 8-6-111 Legislative findings; purpose of article. (a) The Legislature finds and determines
that unscrupulous promoters may take advantage of the authorizing act by inducing issuers
to issue industrial revenue bonds which careful investigation by the issuer or other responsible
parties would reveal to be improvident. The standing of all issuers could be impaired and
the purposes of the Legislature in enacting the authorizing act could be thwarted by those
improvident issues. (b) The purpose of this article is to provide a procedure whereby the
State of Alabama, acting through the director and the commission, may assist in developing
facts to aid the issuer in the exercise of its authority under the authorizing act, and, to
that end, to delay the issuance of industrial revenue bonds pending adequate investigation
by the director or to prevent the issue of industrial revenue bonds found to be improvident.
(Acts 1978, No. 586, p. 681, §2; Acts 1992, No. 92-124, p. 224, §3.)...
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29-2-120
Section 29-2-120 Legislative findings. The Legislature hereby finds as follows: The Legislature
has the constitutional duty to appropriate and safeguard taxpayers' money; the Legislature
has recognized the need for community services programs; and the Legislature has recognized
the purposes for which Alabama community services grants may be made in Section 41-24-3, specifically
as follows: (1) To enhance the education of the citizenry through activities, expenditures
for capital improvements or equipment, that promote literacy, learning, arts appreciation,
public health and mental health. (2) To promote activities that provide human and social services
which reduce the hardships of old age, poor health or poverty. (3) To promote the marketability,
yield or quality of Alabama-produced agricultural commodities. (4) To promote the preservation,
restoration, development and propagation of Alabama's natural resources, recreational facilities,
environment, history, culture, transportation...
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40-9-14.1
Section 40-9-14.1 Certificates of exemption to governmental entities, contractors, etc., for
certain tax exempt projects. (a) For the purposes of this section, the term governmental entity
means the State of Alabama and its political subdivisions, including a county, a municipality,
an industrial or economic development board or authority, and any public water or sewer authority,
district, system, or board that otherwise is sales and use tax exempt. A governmental entity
shall also include an educational institution of any of the foregoing Alabama political subdivisions
including a public college or university, a county or city board of education, and the State
Board of Education. (b)(1) The Department of Revenue shall issue a certificate of exemption
to the governmental entity for each tax exempt project. (2) The Department of Revenue shall
grant a certificate of exemption from state and local sales and use taxes to any contractor
licensed by the State Licensing Board for General...
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41-10-45.1
Section 41-10-45.1 Definitions. The following words and phrases shall have the following meanings
when used in this article: (a) AUTHORITY. The State Industrial Development Authority, a public
corporation of the state, organized and existing under Articles 2, 2A, and 2B of this Chapter.
(b) DEPARTMENT. The Alabama Department of Commerce. (c) ELIGIBLE BORROWER. A municipality,
county, industrial development authority organized under Chapter 92A of Title 11, industrial
development board organized under Article 4, Chapter 54 of Title 11, or nonprofit organization
organized to foster economic development and described in Section 501(c) of the Internal Revenue
Code of 1986, as in effect from time to time. (d) ELIGIBLE EXPENSES. Expenses relating to
land acquisition, site preparation or development, building improvements, building construction,
building renovations, infrastructure, and any other real or personal property deemed necessary
or useful in connection therewith. (e) ELIGIBLE...
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41-4-412
Section 41-4-412 Alabama Construction Industry Craft Training Program; Craft Training Board.
(a) It is the intent of the Legislature to establish and provide for a coordinated effort
between the construction industry and institutions of higher education and other entities,
including, but not limited to, union training programs, to enhance the availability and quality
of programs which promote construction industry craft training and education, and thereby
enhance the availability and competence of the work force for supporting the industry. (b)
In order to provide for efficient, competent, and resourceful construction industry craft
training programs that will deliver the knowledge and skills necessary for persons to learn
and meet the skill requirements for a craft and career in the construction industry trades
and thereby enhance the development of a quality labor pool to support the construction industry
of this state, there is established within the Division of Construction...
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45-25-92.30
Section 45-25-92.30 Jackson/DeKalb Counties Industrial Development Authority. (a) There is
established the Jackson/DeKalb Counties Industrial Development Authority. The purpose of the
authority shall be to market and develop the Northeast Alabama Technology Park on the Campbell
site near the Northeast Alabama Community College and other sites that may be suitable for
economic development in the future in the vicinity of the college. (b) The members of the
authority shall consist of the following: (1) The President of the Northeast Alabama Community
College (NACC) who shall serve as chair of the authority. (2) One member appointed by the
Jackson County Commission who shall reside within the NACC service area. (3) One member appointed
by the DeKalb County Commission who shall reside within the NACC service area. (4) One member
from Jackson County appointed by the local state legislative delegation representing Jackson
and DeKalb Counties who shall reside within the NACC service area. (5)...
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2-6-1
Section 2-6-1 Creation; composition; duties; compensation; rules and regulations. There is
hereby created and established an Agricultural Center Board, to consist of the Director of
Finance, Governor, Commissioner of Agriculture and Industries, Chair of the Montgomery County
Commission, President of the Montgomery City Council, Mayor of Montgomery, and four members
who shall be qualified electors of the State of Alabama and who shall be appointed by the
Governor to hold office concurrently with the Governor and until their successors are appointed
and qualified. Board members appointed after June 9, 2011, shall be inclusive and reflect
the racial, gender, urban/rural, and economic diversity of the state. The board shall be charged
with the management, development, operation, promotion, improvement, and control of any structure,
facility or coliseum constructed by the Alabama Building Commission as an agricultural center
for the purpose of housing livestock shows, agricultural and...
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37-16-2
Section 37-16-2 Legislative findings. (a) The Legislature finds and declares the following:
(1) More advanced communication capabilities, broadband facilities, and services are needed
in many rural and underserved areas of the state. (2) Electric providers in those rural and
underserved areas are capable of providing infrastructure for such advanced communications
capabilities and providing, directly or indirectly, broadband facilities or services. (3)
The investment in and development of advanced communications capabilities for providing broadband
facilities and services are necessary to better serve the public in those rural and underserved
areas. (4) The continued lack of advanced communication capabilities, broadband facilities,
and services in rural and underserved areas deprives citizens residing in these areas from
access to opportunities such that the state needs to take action to correct and eliminate
these discrepancies. (5) It is the public policy of this state to encourage...
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40-1-50
Section 40-1-50 Reporting requirements of state agencies administering economic tax incentives.
(a) For the purpose of this section, the term economic tax incentive shall mean any tax credits,
deductions, exemptions, abatements, preferential rates, or rebates given as an economic incentive.
For the purpose of this section, the term economic incentive shall mean an inducement provided
by the government, where the government promises to forgo tax revenues to which it is otherwise
entitled or to provide some other benefit to an individual or an entity and in exchange the
individual or entity promises to take specific action that contributes to economic development.
In order for the Legislature to get accurate and complete information regarding the costs
and benefits of economic tax incentives, each state agency that administers an economic tax
incentive shall annually report the information required herein to the Legislature. (b) The
head of each state agency that administers any economic...
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11-92A-2
Section 11-92A-2 Legislative findings of fact and declaration of intent; construction of article.
(a) The Legislature hereby makes the following findings of fact and declares its intent to
be as follows: In recent years changes have taken place in the economy of the state that have
had a far-reaching effect on the welfare of its citizens. The agrarian economy that once prevailed
in the state and provided the principal means of livelihood for most of its citizens has proven
inadequate to provide employment for the state's growing population. The advent of mechanized
and scientific farming methods has reduced greatly the number of persons required to obtain
increased yields of agricultural products from land under cultivation. There has been a correspondingly
greater dependency upon industrial development as the bulwark of the economy of the state.
It is therefore appropriate and necessary that measures be taken to secure to the citizens
of the state the benefits of a strengthening...
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