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11-59-2
Section 11-59-2 Legislative intent; construction of chapter generally. (a) It is the intention
of the Legislature by the passage of this chapter to authorize the incorporation in the several
cities and towns in this state of public corporations for the purpose of owning and operating
and contracting with others for the operation of such facilities as may be specified in the
certificate of incorporation of the corporation or any amendment thereto and to vest such
corporations with all powers that may be necessary to enable them to accomplish any such purpose,
including the power to issue their revenue bonds and to mortgage such properties and pledge
the revenues derived therefrom as security therefor. (b) This chapter shall be liberally construed
in conformity with the said intention. (Acts 1947, No. 231, p. 94, §2.)...
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40-13-1
Section 40-13-1 Definitions. For the purposes of this article, the following terms shall have
the respective meanings ascribed to them by this section: (1) BONDS. Any revenue bonds or
notes that may at any time be issued by the Alabama State Docks Department pursuant to authorization
in Act No. 64, p. 115, of the Alabama Legislature of 1971 (First Special Session), as same
may be amended from time to time, for the purpose of constructing any seaport facility. (2)
COMMISSIONER. The Commissioner of Revenue of the Department of Revenue of the State of Alabama.
(3) PERSON. Any individual, firm, partnership, corporation, association, or any combination
thereof. (4) PRODUCER. Any person engaging in the business of severing coal from the soil
within this state. (5) PURCHASER. Any person acquiring title, outright or conditionally, to
any interest in severed coal. (6) SEVER. Cutting, mining, stripping, or otherwise taking or
removing from the soil within Alabama. (7) SEAPORT FACILITY. Any...
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22-3A-1
Section 22-3A-1 Legislative findings and declarations. The Legislature hereby finds and declares
that it is necessary, desirable and in the public interest that additional facilities be made
available in this state for public health purposes. It is the intention of the Legislature
by the passage of this chapter to authorize the formation of a public corporation for the
purposes of providing for the acquisition, construction, improvement and equipment of public
health facilities and to improve such existing facilities for use by the State Board of Health
and county board(s) of health throughout this state in carrying out the duties and powers
imposed upon or vested in them; to authorize the said corporation to provide for payment of
the costs of the said facilities by the issuance of bonds of the corporation; and to pledge
the proceeds of such bonds and other revenues that may be available to it for payment of the
debt service on said bonds. (Acts 1990, No. 90-598, §1.)...
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9-14A-9
Section 9-14A-9 Bonds - Generally. The bonds issued pursuant to this act shall not be obligations
of said corporations but shall be general obligations of the state with the full faith and
credit and taxing power of the state to be pledged to the prompt and faithful payment of the
principal thereof and the interest and redemption premium (if any) thereon. The proceeds from
the sale of the bonds shall be used exclusively for the purposes described in the aforesaid
constitutional amendment. The bonds may be sold and issued in one or more series at any time
and from time to time, may have such series designations, may be in such forms, principal
amounts, denominations and numbers, may be of such tenor and maturities, may bear such date
or dates, may be payable in such installments and at such time or times, may be payable at
such place or places within or without the state, may bear interest at such rate or rates
payable and evidenced in such manner, may contain provisions for redemption...
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16-16B-3
Section 16-16B-3 (Implementation Conditioned on Separate Legislative Enactment.) Authorization
to issue additional bonds and purposes thereof. (a) The Authority is hereby authorized to
sell and issue its Bonds in the aggregate principal amount of up to $100,000,000 and to apply
the proceeds as provided in this chapter, to include the following purposes: Paying the costs
of acquisition and maintaining computer equipment, software, and digital textbooks for public
education purposes in the State. (b) The Bonds authorized by this chapter to be issued by
the Authority shall be in addition to all other bonds previously authorized to be issued by
it, and the powers conferred on the Authority by this chapter are in addition to all other
powers heretofore conferred on the Authority by acts heretofore enacted by the Legislature.
(Act 2012-560, p. 1645, §3.)...
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41-9-432
Section 41-9-432 Powers generally. The commission shall be authorized: (1) To investigate and
select an available site for housing the exhibits, including the surrounding grounds, in cooperation
with the Department of the Army and the community, taking into consideration all pertinent
factors affecting the suitability of such site; (2) To acquire by rent or lease agreement
or otherwise the necessary housing facilities and to establish, improve and enlarge the available
facility, including providing it with necessary equipment, furnishings, landscaping and related
facilities, including parking areas and ramps, roadways, sewers, curbs and gutters; (3) To
enter into such contracts and cooperative agreements with the local, state and federal governments,
with agencies of such governments, including the Department of the Army and the National Aeronautics
and Space Administration, with private individuals, corporations, associations and other organizations
as the commission may deem...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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40-2B-2
Section 40-2B-2 Alabama Tax Tribunal. (a) Statement of Purpose. To increase public confidence
in the fairness of the state tax system, the state shall provide an independent agency with
tax expertise to resolve disputes between the Department of Revenue and taxpayers, prior to
requiring the payment of the amounts in issue or the posting of a bond, but after the taxpayer
has had a full opportunity to attempt settlement with the Department of Revenue based, among
other things, on the hazards of litigation. By establishing an independent Alabama Tax Tribunal
within the executive branch of government, this chapter provides taxpayers with a means of
resolving controversies that insures both the appearance and the reality of due process and
fundamental fairness. The tax tribunal shall provide hearings in all tax matters, except those
specified by statute, and render decisions and orders relating thereto. A tax tribunal hearing
shall be commenced by the filing of a notice of appeal protesting...
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8-8-7
Section 8-8-7 Maximum rates of interest - Exemption of bonds, notes, etc., of state, instrumentalities,
localities, etc. Any bonds, notes, warrants, other evidences of indebtedness, or securities
issued by the State of Alabama or any department, agency, or instrumentality thereof, by any
not-for-profit public or private corporation at any time organized or created pursuant to
act of the Legislature or executive order of the Governor for the purpose of acting as an
instrumentality of the State of Alabama or otherwise acting in the public interest and by
any board of water and sewer commissioners created under the provisions of Article 10, Chapter
50, Title 11, and authorized to issue bonds under Section 11-50-345 by any municipality, by
any county, by any public corporation heretofore or hereafter organized or created in the
State of Alabama pursuant to authorization, determination, finding, or other action of any
municipality or municipalities or county or counties or the governing...
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41-10-458.1
Section 41-10-458.1 Definitions; additional authorization. (a) Definitions. The following terms,
whenever used in Act 98-245, shall have the following respective meanings unless the context
clearly indicates otherwise: (1) "Authority" means Alabama Building Renovation Finance
Authority established pursuant to the 1990 Act. (2) "Bonds" (except where that word
is used with reference to bonds issued under another act) means those bonds authorized to
be issued pursuant to the authorization contained in Act 98-245. (3) "1990 Act"
means Act No. 90-602 enacted at the 1990 Regular Session of the Legislature of Alabama, codified
as Article 14 of Chapter 10 of Title 41. (b) In addition to those bonds authorized to be issued
by the authority pursuant to the 1990 Act, the authority is hereby authorized to sell and
issue its bonds in the aggregate principal amount of twelve million dollars ($12,000,000)
for the purpose of constructing and equipping a new west wing for the Alabama Memorial Building,...
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