33-13-2
Section 33-13-2 Legislative intent; construction of chapter. It is the intention of
the Legislature by the passage of this chapter to implement Constitutional Amendment No. 338
by: (1) Authorizing the issuance of the interest-bearing general obligation bonds of the state
provided for in the said constitutional amendment; (2) Providing for the incorporation of
a public corporation to act as the agency of the state in the authorization, sale, issuance
and approval of disbursement of proceeds of the said bonds and to perform the other functions
hereinafter specified; and (3) Providing for the expenditure of the proceeds from the said
bonds. It is also the intention of the Legislature that, to the extent deemed feasible, in
the sole discretion of the Alabama State Docks Department with the approval of the Alabama
Port Authority, the proceeds from the said bonds will be used in preparation for and in anticipation
of the demands that will be made upon and the opportunities that will be...
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9-14A-2
Section 9-14A-2 Legislative findings. The Legislature hereby finds and declares that
it is necessary, desirable and in the public interest that the state parks system, public
historical sites, and public historical parks be maintained and improved. It is the intention
of the Legislature by the passage of this chapter to authorize the formation of two public
corporations for the purposes of providing for the acquisition, provision, construction, improvement,
renovation, equipping, and maintenance of the state parks system, public historical sites,
and public historical parks, and to authorize the corporations to provide for payment of the
costs of accomplishing the stated purposes by implementing Amendment 617 to the Constitution
of Alabama of 1901 authorizing the issuance by the state of up to $110,000,000 in aggregate
principal amount of general obligation bonds, which amendment was proposed by Act 98-413 and
ratified by the electors of the state at the 1998 General Election, and by...
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40-12-270
Section 40-12-270 Disbursement of net proceeds from license taxes and registration fees;
Secondary Road Committee created. (a) The moneys collected each month by the judge of probate
from motor vehicle license taxes and registration fees, after deducting therefrom the amounts
referred to in subdivisions (1) and (2) of subsection (a) of Section 40-12-269, the
moneys remaining after making the said deductions being referred to in this section
as "the net proceeds," shall be disbursed by the judge of probate as follows: (1)
That portion of the net proceeds that consists of additional amounts paid under the schedule
of additional amounts set forth in subsection (b) of Section 40-12-248 shall be remitted
by the judge of probate to the State Treasurer who shall distribute said amounts as follows:
a. 64.75 percent of said amounts shall be distributed by the State Treasurer to the State
of Alabama; b. 35.25 percent of said amounts shall be apportioned and distributed by the State
Treasurer...
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40-17-359
Section 40-17-359 Distribution and use of proceeds. (a) For the purpose of this section,
the following terms shall have the meanings ascribed below: (1) BASE ANNUAL COUNTY DISTRIBUTION.
Five hundred fifty thousand dollars ($550,000). (2) COST OF COLLECTION. The amounts from the
proceeds of the highway gasoline tax that may be appropriated by the Legislature to the department
for its operating expenses. (3) COUNTY. Each county in the state. (4) FISCAL YEAR. The fiscal
year of the state. (5) DEPARTMENT OF TRANSPORTATION. The Department of Transportation of the
state. (6) HIGHWAY GASOLINE TAX. Both of the following: a. The excise tax levied under subdivision
(1) of subsection (a) of Section 40-17-325, with the exception of those portions of
the tax levied on aviation fuel and marine gasoline. b. The excise tax levied by Sections
40-17-140 to 40-17-155, inclusive, except that portion of the tax imposed on diesel fuel.
(7) LOCAL SUBDIVISIONS' SHARES OF THE NET TAX PROCEEDS. The 55 percent...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama
hereby agrees to the following interstate compact known as the Interstate Insurance Product
Regulation Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of
joint and cooperative action among the compacting states: 1. To promote and protect the interest
of consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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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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33-16-2
Section 33-16-2 Legislative intent; construction of chapter. The Legislature hereby
makes the findings of facts and declaration of intent hereinafter set forth in this section.
The construction of a navigable waterway between Montgomery and Gadsden and to the Alabama-Georgia
boundary, utilizing the channel of the Coosa River, would provide a new transportation route
of great importance and would stimulate the development of commerce, agriculture and industry
in many sections of the state. It is the intention of the Legislature by the passage of this
chapter to implement the provisions of Amendment No. 287 of the Constitution of Alabama. In
order to further the developments herein found to be beneficial, it is the intention of the
Legislature to authorize the formation of a public corporation for the following purposes:
(1) To cooperate with the United States, the State of Alabama, other participating states,
counties and municipalities, with all agencies, departments and...
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33-17-2
Section 33-17-2 Legislative intent; construction of chapter. The Legislature hereby
makes the findings of facts and declaration of intent hereinafter set forth in this section.
The construction of a navigable waterway between Demopolis, Alabama and the Tennessee River,
utilizing the channel of the Tombigbee River, would provide a new transportation route of
great importance and would stimulate the development of commerce, agriculture and industry
in many sections of the state. Local flooding along the tributary streams of the Tombigbee
River occurs frequently in the growing and harvesting season and causes considerable damage
to agriculture in the affected sections of the state. Improvements in the channels of the
tributary streams will eliminate much of the damage caused by flooding and will also permit
improved farming practices and better land use. It is the intention of the Legislature by
the passage of this chapter to implement the provisions of Amendment No. 270 of the...
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40-17-361
Section 40-17-361 Disposition of diesel proceeds. (a) The proceeds of the thirteen cents
($.13) diesel excise tax imposed by this article, when collected, shall be applied as follows:
(1) For payment of the costs of collection thereof, being the amount appropriated for each
fiscal year by the Legislature to the department for the administration of this article. (2)
For payment of the principal of and interest on bonds issued after October 1, 1969, and prior
to December 1, 1977, by the Alabama Highway Authority, a public corporation and instrumentality
of the state, all in the manner and to the extent and subject to the priorities as to rank
as are provided in the respective statutes under which the bonds were issued. (3) For payment
of the principal of and interest on bonds and other obligations, including refunding obligations,
issued after December 1, 1977, by a public corporation existing at the time of issuance under
the laws of Alabama pursuant to then existing statutory or...
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41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from
time to time to sell and issue its bonds in limited amounts and for the purpose of promoting
economic development and industrial recruitment as specified by the Legislature from time
to time by separate act, provided that refunding bonds may be issued by the authority pursuant
to Section 41-10-627 without first obtaining separate authorization from the Legislature.
(b) Sources of payment. Bonds issued by the authority shall be solely and exclusively an obligation
of the authority and shall not create an obligation or debt of the state. Such bonds shall
not be general obligations of the authority but shall be payable solely from one or more of
the following sources: (1) Appropriated funds. (2) The income or proceeds realized by the
authority under any mortgage or security granted to the authority. (3) Amounts derived from
any letter of credit, insurance policy, or other form of credit enhancement...
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