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11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have
the following meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama
Municipal Electric Authority created pursuant to this chapter and any successor or successors
thereto. (2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by
the authority under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION
NOTES. Short term obligations issued by the authority in anticipation of the issuance of bonds.
(5) COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment,
alteration, repair, or extension of any project; all costs of real and personal property required
for the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
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16-18A-4
Section 16-18A-4 Powers and duties. The purpose of the authority shall be to assist
institutions for higher education in the construction, financing and refinancing of the projects.
The exercise by the authority of the powers conferred by this chapter shall be deemed and
held to be the performance of an essential public function. For the purpose of this chapter,
the authority shall have the powers and duties set forth in this section. (1) To adopt
an official seal and alter the same at its pleasure. (2) To sue and be sued in contract and
in tort and to complain and defend in all courts of law and equity. (3) To maintain an office
at such place or places as it may designate. (4) To determine the location and character of
any project financed under this chapter, to acquire, construct, reconstruct, remodel, maintain,
manage, enlarge, alter, add to, repair, operate, lease as lessee or lessor, sell or otherwise
dispose of, any project in any manner it deems to the best advantage of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18A-4.htm - 6K - Match Info - Similar pages
19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred
by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject
additions to the trust property from a settlor or any other person, including, but not being
limited to, the authority to receive, collect, hold, and retain common or preferred stock
or other interests in the trustee or any related party; (2) acquire or sell property, for
cash or on credit, at public or private sale; (3) exchange, partition, or otherwise change
the character of trust property; (4) deposit trust money in an account in a regulated financial-service
institution; (5) borrow money, with or without security, and mortgage or pledge trust property
for a period within or extending beyond the duration of the trust; (6) with respect to an
interest in a proprietorship, partnership, limited liability company, business trust, corporation,
or other form of business or enterprise, continue the business or other...
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38-9B-5
Section 38-9B-5 AFT Corporation, Trust, and Charitable Trust. THIS SECTION WAS
AMENDED BY ACT 2018-36 IN THE 2018 REGULAR SESSION, EFFECTIVE JANUARY 31, 2018. THIS IS NOT
IN THE CURRENT CODE SUPPLEMENT. (a) The board of trustees shall establish and administer the
AFT Corporation. The board of trustees shall execute all documents necessary to establish
and administer the AFT Corporation including, but not limited to, documents to form a not-for-profit
corporation and to qualify as an organization pursuant to Section 501(c)(3) of the
United States Internal Revenue Code. (b) The AFT Corporation shall establish the AFT Trust
and the AFT Charitable Trust, and the board of trustees shall administer the AFT Trust and
the AFT Charitable Trust through the AFT Corporation. The board of trustees and the AFT Corporation
shall take all steps necessary to satisfy all federal and state laws, and all regulations,
rules, and policies established by the federal Social Security Administration to ensure...
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11-47-225
Section 11-47-225 Use of proceeds of borrowing; application of any portion of proceeds
not needed for original purposes. (a) The principal proceeds derived from any borrowing made
by an authority shall be used solely for the purpose or purposes for which the borrowing was
authorized. If any bonds are issued for the purpose of financing costs of acquiring, constructing,
improving, enlarging, and equipping a project, the costs shall be deemed to include the following:
(1) The cost of any land forming a part of the project. (2) The cost of the labor, materials,
and supplies used in the construction, improvement, or enlargement, including architectural
and engineering fees and the cost of preparing contract documents and advertising for bids.
(3) The purchase price of, and the cost of installing, equipment for the project. (4) The
cost of landscaping the lands forming a part of the project and of constructing and installing
roads, sidewalks, curbs, gutters, utilities, and parking places in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-225.htm - 4K - Match Info - Similar pages
22-30F-4
Section 22-30F-4 Revolving Loan Fund established; maintenance; administration. (a) There
is hereby established the State of Alabama Land Recycling Revolving Loan Fund, which shall
be maintained in perpetuity and operated by the department as agent for the authority for
the purposes stated herein. Grants from the federal government or its agencies allocated,
allotted, or paid to the state for capitalization of the revolving loan fund, grants from
other entities allocated, allotted, or paid to the state for capitalization of the revolving
loan fund, state matching funds where required, and loan principal, interest, and penalties
and interest income and all other amounts at anytime required or permitted to be paid into
the revolving loan fund shall be deposited therein. Proceeds of capitalization grants, funds
appropriated by the state, loan principal and interest payments, interest income, and all
other funds of the authority shall be deposited with one or more banks designated by the...
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27-1-24
Section 27-1-24 Alabama Insurance Underwriting Association. (a) Every insurer authorized
to write and engaged in writing, on a direct basis, fire and extended coverage insurance in
Alabama shall be and remain a member of the Alabama Insurance Underwriting Association, an
unincorporated nonprofit joint underwriting association organized in 1970 and in continuous
existence from 1970 through November 1, 2008. Every such insurer shall be and remain a member
of the association so long as the association is in existence as a condition of such insurer's
authority to continue to transact the business of insurance in Alabama. An insurer that ceases
to be a member of the association due to withdrawal from the business of insurance in Alabama
or its withdrawal from writing fire and extended coverage insurance in Alabama remains liable
to the association as to contracts entered into during the insurer's membership in the association
to the same extent and effect as if the insurer's membership in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-1-24.htm - 3K - Match Info - Similar pages
27-21B-10
Section 27-21B-10 Enforcement of health care coverage for certain employers. (a) In
any case in which a noncustodial parent is required by a court or administrative order to
provide health care coverage for such child and the employer of the noncustodial parent is
known to the Department of Human Resources, the department shall use the federally required
medical support notice to provide notice to the employer of the requirement for employer-based
health care coverage for the child through the parent of the child who has been ordered to
provide health care coverage for the child unless a court or administrative order stipulates
that alternative health care coverage to employer-based coverage is to be provided for a child
subject to a Title IV-D child support order. In the case of an employer entered in the directory
of new hires pursuant to Section 25-11-5, the department shall send the federal medical
support notice to any employer of a noncustodial parent subject to the order within...
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34-24-193
Section 34-24-193 Board of Physical Therapy - Powers and duties; certification fee;
administrative fines; impaired practitioner program. (a) It shall be the duty of the board
to pass upon the qualifications of applicants for licensing as physical therapists and licensing
as physical therapist assistants, to conduct examinations, to issue licenses and renewals
to physical therapists and physical therapist assistants qualifying under this article and
in a proper case to suspend or revoke the license of such persons. The board may adopt rules
and regulations not inconsistent with law as it may deem necessary for the performance of
its duties; however, the board shall not issue any rules or regulations that require a physical
therapist assistant to be within sight of a consulting physical therapist or a physical therapist
supervisor while working under the direction of that physical therapist or issue any rules,
regulations, or orders inconsistent with Section 34-24-217(b). The board shall...
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45-2-141
Section 45-2-141 Protection of forests; costs. (a) The County Commission of Baldwin
County is authorized, when the need exists, to provide for the protection of forests from
fire, insects, disease, beavers, and other pests in Baldwin County by participating in the
Alabama Forestry Commission's forest protection program in the manner hereinafter specified.
(b)(1) After the Baldwin County Commission has determined that such a need does exist in Baldwin
County, the county commission may, in the manner hereinafter specified, provide for a finance
charge to be paid by the owners of forest lands located in Baldwin County for the use of the
land for timber growing purposes amounting to the whole or any part of the cost of such forest
protection program, but not in excess of ten cents ($.10) per acre, provided such finance
charge is not greater than the benefit accruing to such forest lands due to availability of
such forest protection as specified in subsection (a). (2) "Forest lands" as used...
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