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36-26-14
Section 36-26-14 Deferred compensation plans for certain employees. (a) The personnel board
may adopt, establish, and maintain a deferred compensation plan or plans, except under Internal
Revenue Code Section 403 (b), for the employees of the State of Alabama or any city, town,
county, or public entity or corporation organized pursuant to the laws of this state. Notwithstanding
the foregoing, prior to the employees of a county or political subdivision of the county participating
in a plan, the employing county or political subdivision of the county shall approve participation
in the plan. The personnel board may include in any such plan any provision that does not
cause the plan to fail to qualify for its tax-favored treatment under the United States Internal
Revenue Code, including, but not limited to, participant loans, unforeseeable emergency or
hardship distributions, Roth deferrals, rollovers, transfers to purchase service credit, and
distributions to purchase a retired public...
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37-10-2
Section 37-10-2 Definitions. When used in this chapter, the following words and phrases shall
have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) DEPARTMENT. The Highway Department of the State of Alabama. (2) PERSON. An individual,
corporation, partnership or foreign or domestic association. (3) RAIL PROPERTIES. Assets or
rights, both real and personal, owned, leased or otherwise controlled by a railroad which
are used or useful in providing rail transportation service. (4) RAIL SERVICE. Both freight
and passenger service. (Acts 1976, No. 307, p. 340, §2.)...
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40-18-6.1
Section 40-18-6.1 Gain or loss - Special rules for capital gains invested in opportunity zones.
(a) The provisions in 26 U.S.C. § 1400Z-2 shall be applicable to an investment in an approved
opportunity fund in calculating both of the following: (1) The income tax levied by this chapter,
or the estimated income tax payment. (2) The financial institution excise tax found in Chapter
16. (b) Any approved opportunity fund may enter into a project agreement with ADECA to provide
to the fund's investors impact investment tax credits against any tax liability described
in subdivisions (1) and (2) of subsection (a). The impact investment tax credits shall be
allocated annually, but only to the extent that one or more projects undertaken by the fund
are not producing the returns provided in the project agreement. Provided however, the calculation
of the impact investment tax credit does not guarantee a rate of return that is more than
the 52-week average yield rate for the United States 10-year...
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45-8A-111
Section 45-8A-111 Legislative intent. The revitalization and redevelopment of the central business
district of the City of Oxford in Calhoun County develops and promotes for the public good
and general welfare, trade, commerce, industry, and employment opportunities and promotes
the general welfare of the city and state by creating a climate favorable to the location
of new industry, trade, and commerce, and the development of existing industry, trade, and
commerce. Revitalization and redevelopment of such central business district by financing
projects under the part will develop and promote for the public good and general welfare,
trade, commerce, industry, and employment opportunities and will promote the general welfare
of the city and state. It is therefore in the public interest and is vital to the public welfare
of the people of Oxford and of Alabama, and it is hereby declared to be the public purpose
of this part, to so revitalize and redevelop the central business district of...
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45-8A-20
Section 45-8A-20 Legislative intent. The revitalization and redevelopment of the central business
district of the City of Anniston in Calhoun County develops and promotes for the public good
and general welfare, trade, commerce, industry, and employment opportunities and promotes
the general welfare of the city and state by creating a climate favorable to the location
of new industry, trade, and commerce, and the development of existing industry, trade, and
commerce. Revitalization and redevelopment of such central business district by financing
projects under this part will develop and promote for the public good and general welfare,
trade, commerce, industry, and employment opportunities and will promote the general welfare
of the city and state. It is therefore in the public interest and is vital to the public welfare
of the people of Anniston and of Alabama, and it is hereby declared to be the public purpose
of this part, to so revitalize and redevelop the central business district...
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9-2-120
Section 9-2-120 Supervision and development of certain state-owned islands. (a) It shall be
the duty and responsibility of the Division of Lands of the Department of Conservation and
Natural Resources to protect, develop and supervise all state-owned islands now existing or
which may appear in the future on the waters of this state which are not used by any department
or agency of the state government. The Division of Lands is authorized and empowered to develop
said islands in such manner as may be in the best interest of the state and is further empowered,
with the approval of the Governor, to sell or cause to be sold timber, minerals, sand and
gravel from said islands; provided, that such sales shall be only upon a competitive bid basis.
(b) On September 12, 1969, title to all islands as defined in subsection (a) of this section
shall be vested in the Division of Lands of the Department of Conservation and Natural Resources,
and all revenues derived therefrom shall be deposited in...
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11-29-3
Section 11-29-3 Definitions. As used in this chapter, the following words and phrases shall
have the following respective meanings: (1) FISCAL YEAR. The fiscal year of the state as may
from time to time be provided by law. (2) FUND. The "County Government Capital Improvement
Fund." (3) FUND CAPITAL. All assets of the "fund." (4) STATE. The State of
Alabama. (5) TRUST FUND. "The Alabama Trust Fund" created by Amendment Number 450
of the Constitution of Alabama of 1901. (6) TRUST INCOME. The net income received by the state,
subsequent to the transfer of the initial trust capital by the State Treasurer to the board
of trustees of the trust fund, from the investment and reinvestment of all assets of the trust
fund, determined in accordance with the provisions of Amendment Number 450 of the Constitution
of Alabama of 1901. "Trust income" does not include income which becomes part of
the trust capital of the trust fund. (Acts 1986, No. 86-206, p. 269, §3.)...
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11-66-3
Section 11-66-3 Definitions. As used in this chapter, the following words and phrases shall
have the following respective meanings: (1) FISCAL YEAR. The fiscal year of the state as may
from time to time be provided by law. (2) FUND. The "Municipal Government Capital Improvement
Fund." (3) FUND CAPITAL. All assets of the "fund." (4) STATE. The State of
Alabama. (5) TRUST FUND. "The Alabama Trust Fund" created by Amendment Number 450
of the Constitution of Alabama 1901. (6) TRUST INCOME. The net income received by the state,
subsequent to the transfer of the initial trust capital by the State Treasurer to the board
of trustees of the trust fund, from the investment and reinvestment of all assets of the trust
fund, determined in accordance with the provisions of Amendment Number 450 of the Constitution
of Alabama 1901. "Trust income" does not include income which becomes part of the
trust capital of the trust fund. (Acts 1986, No. 86-234, p. 345, §3.)...
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16-1-42
Section 16-1-42 High school fast track to college program. (a) The State Superintendent of
Education, the Chancellor of the Department of Postsecondary Education, and the Alabama Commission
on Higher Education shall develop a plan for a high school fast track to college program that
offers qualified individuals an opportunity to earn a high school diploma while earning credits
for a certificate program or an associate's degree. (b) To be eligible to earn a high school
diploma pursuant to this section, an individual shall be either: (1) Eighteen years of age
and not currently enrolled in school. (2) Between 16 and 18 years of age with consent from
an administrator of the high school in which the individual is currently enrolled. (c) To
complete the requirements for a high school diploma pursuant to this section, the individual
shall satisfy all graduation requirements as required by law. (d) The department, in collaboration
with the Department of Postsecondary Education and the Alabama...
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16-1-44
Section 16-1-44 School emergency operation plans. (a)(1) Each local board of education shall
develop and adopt a comprehensive school emergency operations plan for each school under the
authority of the board. (2) The local board or its agent shall examine the conditions and
operations of each school under the authority of the local board to determine hazards to student
and staff safety and shall propose changes, if needed to promote the prevention of dangerous
problems and circumstances. (3) In developing the plan for each school, the local board or
its agent shall involve community law enforcement and safety officials, including community
fire and emergency management assigned to the school. (b)(1) The board shall incorporate into
each comprehensive school emergency operations plan the following: a. Protocols for addressing
each type of serious threats to the safety of school property, students, employees, or administrators
which shall include, but not be limited to: Security-related...
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