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16-13-304
Section 16-13-304 Terms and conditions; sale; use of proceeds. (a)(1) Warrants issued
pursuant to this article may be in the denomination or denominations; shall have a maturity
or maturities not exceeding 30 years from their date; may bear interest from their date at
the rate or rates payable in the manner and at the times; may be payable at the place or places
within or without the State of Alabama; may be sold for such price and in the manner as provided
in this article; and may contain the terms not in conflict with the provisions of this article;
all as the board may provide in the proceedings pursuant to which the warrants are authorized
to be issued. (2)(i) The board may provide that the warrants shall bear interest at a rate
or rates fixed at the time of the issuance thereof. (ii) With the prior, specific approval
of the State Superintendent, given as provided in this article, the board may provide that
the warrants shall bear interest at rates which may be changed from time to...
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16-25-21
Section 16-25-21 Method of financing. Effective October 1, 1997, all the assets of the
retirement system shall be credited according to the purpose for which they are held among
three funds, namely: The Annuity Savings Fund, the Pension Accumulation Fund, and the Expense
Fund. The operation of the former Pension Reserve Fund and the Annuity Reserve Fund shall
be discontinued as of such date, the balance of the former Pension Reserve Fund shall be transferred
to the Pension Accumulation Fund, and the balance of the former Annuity Reserve Fund shall
be transferred to the Pension Accumulation Fund. (1) The Annuity Savings Fund shall be a fund
in which shall be accumulated contributions from the compensation of members to provide for
their annuities. Contributions to and payments from the Annuity Savings Fund shall be made
as follows: a. Each employer shall cause to be deducted from the salary of each member on
each and every payroll of such employer for each and every payroll period five...
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22-21-179
Section 22-21-179 Powers of corporation. The corporation shall have all the powers and
authority inhering in, or conferred upon, counties in the State of Alabama operating public
hospitals, except as otherwise provided, as well as the following specific powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To have succession by its corporate name for the duration of time, which may be in perpetuity,
specified in its certificate of incorporation or until dissolved as provided in Section
22-21-191; (2) Subject to the limitations contained in the provisions of this section,
to maintain actions and have actions maintained against it in its own name in civil, including
ex delicto and ex contractu, actions; (3) To adopt and make use of a corporate seal and to
alter the same at pleasure; (4) To adopt bylaws and amend the same; (5) To receive, acquire,
take and hold, whether by purchase, gift, lease, devise or otherwise, real and...
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41-10-625
Section 41-10-625 Powers of the authority. The authority shall have, in addition to
all other powers granted to it in this division, all of the following powers: (1) To have
succession by its corporate name until dissolved as herein provided. (2) To institute and
defend legal proceedings in any court of competent jurisdiction and proper venue; provided,
however, that the authority may not be sued in any nisi prius court other than the courts
of the county in which is located the principal office of the authority; and provided further
that the officers, directors, agents, and employees of the authority may not be sued for actions
in behalf of the authority in any nisi prius court other than the courts of the county in
which is located the principal office of the authority. (3) To have and to use a corporate
seal and to alter the seal at pleasure. (4) To establish a fiscal year. (5) To adopt, and
from time to time amend and repeal, bylaws, rules, and regulations not inconsistent with...
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45-37-123.134
Section 45-37-123.134 Purchase of permissive service credit. (a) In general. If a member
makes one or more contributions to the plan to purchase permissive service credit under the
plan, the requirements of § 415, Internal Revenue Code, shall be treated as met with respect
to these contributions if: (1) The requirements of § 415(b), Internal Revenue Code, are met,
determined by treating the accrued benefit derived from all such contributions as an annual
benefit for purposes of § 415(b), Internal Revenue Code, provided, however, the plan shall
not fail to meet the reduced limit under § 415(b)(2)(C), Internal Revenue Code, solely by
reason of this section; or (2) The requirements of § 415(c), Internal Revenue Code,
are met, determined by treating all such contributions as annual additions for purposes of
§ 415(c), Internal Revenue Code, provided, however, the plan shall not fail to meet the percentage
limitation under § 415(c)(1)(B), Internal Revenue Code, solely by reason of...
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9-18A-1
Section 9-18A-1 Enactment of Southern States Energy Compact. The Legislature hereby
enacts, and the State of Alabama hereby enters into, the Southern States Energy Compact with
any and all states legally joining therein in accordance with its terms, in the form substantially
as follows: "SOUTHERN STATES ENERGY COMPACT "Article I. Policy and Purpose. "The
party states recognize that the proper employment and conservation of energy and employment
of energy-related facilities, materials, and products, within the context of a responsible
regard for the environment, 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 an acquisition of energy resources and facilities require 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...
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23-7-5
Section 23-7-5 Powers and functions. (a) In addition to the powers contained in other
provisions of this chapter, the bank has all power necessary, useful, or appropriate to fund,
operate, and administer the bank, and to perform its other functions including, but not limited
to, the following power to: (1) Have perpetual succession. (2) Adopt, promulgate, amend, and
repeal bylaws, not inconsistent with this chapter for the administration of the bank's affairs
and the implementation of its functions including the right of the board to select qualifying
projects and to provide loans and other financial assistance. (3) Sue and be sued in its own
name. (4) Have a seal and alter it at pleasure, although the failure to affix the seal does
not affect the validity of an instrument executed on behalf of the bank. (5) Make loans to
qualified borrowers to finance the eligible costs of qualified projects and to acquire, hold,
and sell loan obligations at prices and in a manner as the board...
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39-2-12
Section 39-2-12 Partial and final payments of contractors by awarding authorities. (a)
As used in this section the following words shall have the meanings ascribed to them
as follows: (1) CONTRACTOR. Any natural person, partnership, company, firm, corporation, association,
limited liability company, cooperative, or other legal entity licensed by the Alabama State
Licensing Board for General Contractors. (2) NONRESIDENT CONTRACTOR. A contractor which is
neither a. organized and existing under the laws of the State of Alabama, nor b. maintains
its principal place of business in the State of Alabama. A nonresident contractor which has
maintained a permanent branch office within the State of Alabama for at least five continuous
years shall not thereafter be deemed to be a nonresident contractor so long as the contractor
continues to maintain a branch office within Alabama. (3) RETAINAGE. That money belonging
to the contractor which has been retained by the awarding authority conditioned on...
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40-18-14
Section 40-18-14 Adjusted gross income of individuals. The term "gross income"
as used herein: (1) Includes gains, profits and income derived from salaries, wages, or compensation
for personal services of whatever kind, or in whatever form paid, including the salaries,
income, fees, and other compensation of state, county, and municipal officers and employees,
or from professions, vocations, trades, business, commerce or sales, or dealings in property
whether real or personal, growing out of ownership or use of or interest in such property;
also from interest, royalties, rents, dividends, securities, or transactions of any business
carried on for gain or profit and the income derived from any source whatever, including any
income not exempted under this chapter and against which income there is no provision for
a tax. The term "gross income" as used herein also includes alimony and separate
maintenance payments to the extent they are includable in gross income for federal income
tax...
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40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby
approved, adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article
I. Purposes. The purposes of this compact are to: 1. Facilitate proper determination of state
and local tax liability of multistate taxpayers, including the equitable apportionment of
tax bases and settlement of apportionment disputes. 2. Promote uniformity or compatibility
in significant components of tax systems. 3. Facilitate taxpayer convenience and compliance
in the filing of tax returns and in other phases of tax administration. 4. Avoid duplicative
taxation. Article II. Definitions. As used in this compact: 1. "State" means a state
of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory
or possession of the United States. 2. "Subdivision" means any governmental unit
or special district of a state. 3. "Taxpayer" means any corporation, partnership,
firm,...
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