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24-1-1
Section 24-1-1 Payments to cities, counties, etc., for maintenance of low rent housing projects,
etc. Any housing authority created by or pursuant to this title may agree to make such payments
to the city or county, the state or any political subdivision thereof, which payments such
bodies are hereby authorized to accept, as such authority finds consistent with the maintenance
of the low rent character of housing projects or the achievement of the purposes of this title.
(Acts 1949, No. 490, p. 711, §1.)...
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24-10-6
Section 24-10-6 Purpose. The Alabama Affordable Housing Act is established for the following
purposes: (1) To increase the production of housing units and home ownership and to preserve
the supply of rental housing that is affordable to individuals and families with incomes at
or below 60 percent of the median family income. (2) To maintain and rehabilitate existing
affordable housing units to insure their continued availability to individuals and families
with incomes at or below 60 percent of the median family income. (3) To serve individuals
and families living at or below 60 percent of the median family income. No less than 50 percent
of the resources placed into the fund each year shall be used to serve individuals and families
with household incomes at or below 30 percent of the median family income as determined by
the U.S. Department of Housing and Urban Development. (4) To annually distribute, when possible,
a majority of the proceeds from the trust fund to eligible nonprofit...
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24-1-60
Section 24-1-60 Legislative findings and declaration of necessity. It is hereby declared that
unsanitary or unsafe dwelling and public school accommodations exist in various counties of
the state and that such unsafe or unsanitary conditions arise from overcrowding and concentration
of population, the obsolete and poor condition of the buildings, improper planning, excessive
land coverage, lack of proper light, air and space, unsanitary design and arrangement, lack
of proper facilities, and the existence of conditions which endanger life or property by fire
and other causes; that in all such counties persons of low income are forced to reside in
unsanitary or unsafe dwelling accommodations; that in various counties of the state there
is a lack of safe or sanitary dwelling and public school accommodations available to all the
inhabitants thereof and that consequently persons of low income are forced to occupy overcrowded
and congested dwelling accommodations; that these conditions cause...
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24-10-4
Section 24-10-4 Alabama Affordable Housing Trust Fund. The Alabama Affordable Housing Trust
Fund is created in the State Treasury for the collection and distribution of designated funds
for the purpose of increasing the production of housing units, rehabilitating existing housing
units, and maintaining such housing so that it can be made affordable to individuals and families
whose incomes are at or below 60 percent of the median family income. The Alabama Housing
Trust Fund shall be administered by ADECA which shall appoint an advisory committee as prescribed
in Section 24-10-8 to advise the Director of ADECA as to program components and operations.
(Act 2012-384, p. 1015, §4.)...
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35-4-410
Section 35-4-410 Authorization to alienate public recreational facilities and housing projects.
The governing bodies of counties, cities, towns, and other subdivisions of the state shall
have full power and authority to alienate public parks and playgrounds, other public recreational
facilities and public housing projects on such terms as may be agreeable to them, provided
such alienation is first approved by a majority of the qualified electors of the county, city,
town, or subdivision affected thereby voting in a referendum election held for such purpose.
(Acts 1956, 2nd Ex. Sess., No. 103, p. 425, §1.)...
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24-1-22
Section 24-1-22 Definitions. The following terms, wherever used or referred to in this article,
shall have the following respective meanings, unless a different meaning clearly appears from
the context: (1) AUTHORITY or HOUSING AUTHORITY. A public body organized as a body corporate
and politic in accordance with the provisions of this article for the purposes, with the powers
and subject to the restrictions set forth. (2) CITY. Any city or incorporated town in the
State of Alabama. (3) COUNCIL. The legislative body, council, board of commissioners or other
body charged with governing the city. (4) CITY CLERK and MAYOR. The clerk, and the mayor or
president of the board of commissioners, respectively, of the city or the officers thereof
charged with the duties customarily imposed on the clerk and mayor respectively. (5) COMMISSIONER.
One of the members of an authority appointed in accordance with the provisions of this article.
(6) GOVERNMENT. Such term shall include the state and...
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11-96A-4
Section 11-96A-4 Cooperation with other municipalities, counties, etc., in exercise of powers.
Any two or more municipalities or counties may join or cooperate with one another or with
an unincorporated area in the exercise, either jointly or otherwise, of any or all of their
powers for the financing, planning, undertaking, owning, constructing, operating, contracting,
or disposing of any dwelling, shelter, halfway house, or other housing located within the
boundaries of any one or more of said municipalities or counties. For such purpose any municipality
or county may authorize any other so joining or cooperating with it to act on its behalf with
respect to any or all of such powers. Any municipalities or counties joining or cooperating
with one another may by resolution appoint from among the members of the governing bodies
an executive committee with full power to act on behalf of such municipalities or counties
with respect to all their powers. Furthermore, any municipality may...
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40-16-11
Section 40-16-11 Transition rules for Financial Institution Excise Tax Reform Act of 2019.
This section provides for transition rules for the implementation of the Financial Institution
Excise Tax Reform Act of 2019. (1) Act 2019-284 imposes for the first time a system of prepaid
estimated tax payments patterned after the federal system and transitions the Financial Institution
Excise Tax from the current post-payment system. To account for this transition, the Department
of Revenue shall waive both penalties and interest attributable to underpayments of estimated
tax payments occurring within the first two applicable tax years and not attributable to an
intentional disregard of the law. (2) Act 2019-284's conformity of the depreciation deduction
allowed in the calculation of the tax due under this chapter with the corollary deduction
allowed for federal income tax purposes, as well as the act's express rejection of the federal
Tax Cuts and Jobs Act of 2017's (i) limitations on the...
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41-10-102
Section 41-10-102 Remedies upon default on bonds, etc. (a) Remedies upon default on bonds or
indenture. If there shall be any default in the payment of the principal of or interest on
any of the bonds issued under this article, or in the performance of any provisions of the
indenture or proceedings authorizing the issuance of such bonds, then the holder of any of
the bonds and the interest coupons applicable thereto and the trustee under such indenture
or any one or more of them shall have and may exercise any one or more of the following remedies:
(1) They may by civil action, mandamus, injunction or other proceeding compel the performance
of all duties of the officers and directors of the corporation with respect to the use of
funds for the payment of the bonds and for the performance of the bonds and the agreements
of the corporation contained in the bonds, the indenture or in the proceedings under which
they were issued; (2) They may institute a civil action and shall be entitled...
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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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