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33-2-130
Section 33-2-130 Application of revenues from inland facilities. The gross revenues
derived from the operation of each unit of development comprising a part of the inland facilities
shall be applied for the following purposes in the following order: (1) Payment of the expenses
of operating and maintaining in good operating condition the unit of development from which
such revenues are derived; and (2) payment of the expenses of operating and maintaining in
good condition any other unit of development or units of development comprising a part of
the inland facilities. Whenever the gross revenues received by the department from the inland
facilities during a fiscal year shall be greater than the expenses of operating and maintaining
in good operating condition the inland system during the fiscal year, then the revenues from
the inland system remaining at the end of the fiscal year after compliance with the first
sentence of this section shall be applied for that one or more or all of the...
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33-2-160
Section 33-2-160 Application of revenues from inland facilities. The gross revenues
derived from the operation of each unit of development comprising a part of the inland facilities
shall be applied for the following purposes in the following order: (1) Payment of the expenses
of operating and maintaining in good operating condition the unit of development from which
such revenues are derived; and (2) payment of the expenses of operating and maintaining in
good condition any other unit of development or units of development comprising a part of
the inland facilities. Whenever the gross revenues received by the department from the inland
facilities during a fiscal year shall be greater than the expenses of operating and maintaining
in good operating condition the inland system during the fiscal year, then the revenues from
the inland system remaining at the end of the fiscal year after compliance with the first
sentence of this section shall be applied for that one or more or all of the...
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2-3A-34
Section 2-3A-34 Expenses; disposition of proceeds. Upon order of the board of directors
of said authority, all expenses incurred in connection with the authorization, preparation,
sale, and issuance of bonds authorized herein and by Amendment 618 shall be paid out of the
proceeds thereof. The proceeds thereof remaining after payment of such expenses, together
with the income derived from the investment and reinvestment of such proceeds (including income
derived from the investment and reinvestment of previously derived income) shall be disbursed
from time to time on the order of said authority for payment of costs incurred in carrying
out the purposes authorized in said amendment, as follows: (1) the sum of $13,000,000 shall
be used for providing and improving animal diagnostic laboratories in the state in order to
provide improved animal health testing for livestock and poultry producers, veterinarians,
animal owners and animal-related businesses generally; (2) the sum of $18,200,000...
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2-3A-54
Section 2-3A-54 Expenses; disposition of proceeds. Upon order of the board of directors
of said authority, all expenses incurred in connection with the authorization, preparation,
sale, and issuance of bonds authorized herein and by Amendment 619 shall be paid out of the
proceeds thereof. The proceeds thereof remaining after payment of such expenses, together
with the income derived from the investment and reinvestment of such proceeds (including income
derived from the investment and reinvestment of previously derived income) shall be disbursed
from time to time on the order of said authority for payment of costs incurred in carrying
out the purposes authorized in said amendment, as follows: The sum of five million seven hundred
thousand dollars ($5,700,000) shall be used for the purpose of providing and the equipping
of a center for cotton, cotton products technology, and for its use as an educational, applied
research, and promotional facility in the field of textile and apparel...
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23-7-2
Section 23-7-2 Definitions. For the purposes of this chapter, the following words shall
have the following meanings: (1) BANK. The Alabama Transportation Infrastructure Bank. (2)
BOARD. The board of directors of the bank. (3) BONDS. Includes bonds, notes, or other evidence
of indebtedness except as otherwise provided in this chapter. (4) DEPARTMENT or DEPARTMENT
OF TRANSPORTATION. The Alabama Department of Transportation. (5) ELIGIBLE COST. As applied
to a qualified project to be financed from the federal highway account, the costs that are
permitted under applicable federal laws, requirements, procedures, and guidelines in regard
to establishing, operating, and providing assistance from the bank. As applied to a qualified
project to be financed from the state highway account, these costs include the costs of preliminary
engineering, traffic, and revenue studies; environmental studies; right-of-way acquisition;
legal and financial services associated with the development of the...
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40-9B-3
Section 40-9B-3 Definitions. (a) For purposes of this chapter, the following words and
phrases mean: (1) ABATE, ABATEMENT. A reduction or elimination of a taxpayer's liability for
tax or payments required to be made in lieu thereof. An abatement of transaction taxes imposed
under Chapter 23 of this title, or payments required to be made in lieu thereof, shall relieve
the seller from the obligation to collect and pay over the transaction tax as if the sale
were to a person exempt, to the extent of the abatement, from the transaction tax. (2) ALTERNATIVE
ENERGY RESOURCES. The definition given in Section 40-18-1. (3) CONSTRUCTION RELATED
TRANSACTION TAXES. The transaction taxes imposed by Chapter 23 of this title, or payments
required to be made in lieu thereof, on tangible personal property and taxable services incorporated
into an industrial development property, the cost of which may be added to capital account
with respect to the property, determined without regard to any rule which...
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9-18-1
Section 9-18-1 Enactment of Southern Interstate Nuclear Compact. The Southern Interstate
Nuclear Compact is hereby enacted into law and entered into by the state of Alabama with any
and all states legally joining therein in accordance with its terms, in the form substantially
as follows: "SOUTHERN INTERSTATE NUCLEAR COMPACT "Article I. Policy and Purpose
"The party states recognize that the proper employment of nuclear energy, facilities,
materials, and products can assist substantially in the industrialization of the south and
the development of a balanced economy for the region. They also recognize that optimum benefit
from and acquisition of nuclear resources and facilities requires systematic encouragement,
guidance, and assistance from the party states on a cooperative basis. It is the policy of
the party states to undertake such cooperation on a continuing basis; it is the purpose of
this compact to provide the instruments and framework for such a cooperative effort to improve...
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16-16-10
Section 16-16-10 Disposition of proceeds of bonds. (a) The proceeds of all bonds, other
than refunding bonds, issued by the authority remaining after paying expenses of their issuance
shall be deposited in the State Treasury and shall be carried in the State Treasury in a special
or separate account. Said expenses shall be deducted from that portion of the said proceeds
allocated in subsection (o) of this section. Such remaining funds shall be subject
to be drawn upon by the authority with the approval of the secretary of the authority and
the Governor, but any funds so withdrawn shall be used solely for the purpose of financing
the construction, reconstruction, alteration, improvement and equipment of buildings and other
facilities for public educational purposes, including the cost of architectural services therefor
and services rendered by building inspectors for periodic and final inspections thereof, and
for acquiring sites therefor, in accordance with the provisions of this...
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9-17-13
Section 9-17-13 Integration of interests; cycling operations; orders of board; procedures.
(a) When any mineral or other related interests deriving from two or more separately owned
tracts of land are embraced within an established or a proposed drilling or production unit,
or when there are separately owned interests in all or a part of an established or proposed
drilling or production unit, or any combination of such, the persons owning the interests
therein may validly agree to integrate or pool the interests and to develop the interests
and associated lands as a drilling or production unit. Where, however, the owners have not
agreed to so integrate or pool the interests, the board shall, for the prevention of waste
or to avoid the drilling of unnecessary wells, require the persons owning such interests to
do so and to develop their interests and the associated lands as a drilling or production
unit. (b) The board, in order to prevent waste and avoid the drilling of unnecessary...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the
agency shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in
its corporate name. b. May sue and be sued in its corporate name. c. May adopt, use and alter
a corporate seal, which shall be judicially noticed. d. May enter into such contracts and
cooperative agreements with the federal, state and local governments, with agencies of such
governments, with private individuals, corporations, associations, trusts and other organizations
as the board may deem necessary or convenient to enable it to carry out the purposes of this
chapter, including the planned, orderly residential development of the area. e. May adopt,
amend and repeal bylaws. f. May appoint such managers, officers, employees, attorneys and
agents as the board deems necessary for the transaction of its business, fix their compensation,
define their duties, require bonds of such of them as the board may...
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