40-14B-8
Section 40-14B-8 Report upon receipt of certified capital; annual report; financial statement.
(a) Each certified capital company shall report to the Alabama Development Office as soon
as practicable after the receipt of certified capital the following: (1) The name of each
certified investor from whom the certified capital was received, including the certified investor's
insurance premium tax identification number. (2) The amount of each certified investor's investment
of certified capital and premium tax credits. (3) The date on which the certified capital
was received. (b) Not later than January 31 of each year, each certified capital company shall
report to the Alabama Development Office all of the following: (1) The amount of the company's
certified capital at the end of the preceding year. (2) Whether or not the company has invested
more than 15 percent of its total certified capital in any one business. (3) Each qualified
investment that the company made during the preceding...
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40-14B-13
Section 40-14B-13 Indemnification, etc., of certified investors. The certified capital company
may agree to indemnify, or purchase a guaranty, indemnity, bond, insurance policy, or other
payment undertaking for the benefit of a certified investor for losses resulting from the
recapture or forfeiture of premium tax credits under Section 40-14B-12. (Act 2002-429, p.
1108, §13.)...
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40-14B-17
Section 40-14B-17 Vested premium tax credit - Pro rata allocation. (a) If the total premium
tax credits claimed by all certified investors exceeds the total limits on premium tax credits
established by subsection (a) of Section 40-14B-16, the Alabama Development Office shall allocate
the total amount of premium tax credits allowed under this chapter to certified investors
in certified capital companies on a pro rata basis in accordance with this chapter. (b) The
pro rata allocation for each certified investor shall be the product of: (1) A fraction, the
numerator of which is the amount of the premium tax credit allocation claim filed on behalf
of the investor and the denominator of which is the total amount of all premium tax credit
allocation claims filed on behalf of all certified investors. (2) The total amount of certified
capital for which premium tax credits may be allowed under this chapter. (c) On October 15,
2002, the Alabama Development Office shall notify each certified...
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2-6-124
Section 2-6-124 Investments. The state and all public officers, municipal corporations, political
subdivisions and public bodies, all banks, bankers, trust companies, savings banks and institutions,
building and loan associations, savings and loan associations, investment companies, and other
persons carrying on a banking business, all insurance companies, insurance associations and
other persons carrying on an insurance business and all executors, administrators, guardians,
trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds
belonging to them or within their control in any bonds of the corporation, and the bonds shall
be authorized security for all public deposits, it being the purpose of this article to authorize
any persons, firms, corporations, associations, political subdivisions, bodies and officers,
public or private, to use any funds owned or controlled by them, including, but not limited
to, sinking, insurance, investment, retirement,...
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23-7-27
Section 23-7-27 Construction and use of bonds. (a) The bonds issued by the bank are legal investments
in which all public officers or public bodies of the state, its political subdivisions, all
municipalities and political subdivisions, all insurance companies and associations and other
persons carrying on insurance business, all banks, bankers, banking associations, trust companies,
savings banks, savings associations, including savings and loan association investment companies,
and other persons carrying on a banking business, all administrators, guardians, executors,
trustees, and other fiduciaries, and all other persons who are now or may be authorized in
the future to invest in bonds or other obligations of the state, may invest funds in their
control or belonging to them. (b) The bonds of the bank are also securities which may be deposited
with and received by all public officers and bodies of the state or any agency or political
subdivision of the state and all municipalities...
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11-47-231
Section 11-47-231 Bonds as legal investments. The bonds of an authority shall be legal investments
in which the state and its agencies and instrumentalities, all counties, municipalities, and
other political subdivisions of the state and public corporations organized under the laws
thereof, all insurance companies and associations and other persons carrying on an insurance
business, all banks, savings banks, savings and loan associations, trust companies, credit
unions, and investments companies of any kind, all administrators, guardians, executors, trustees
and other fiduciaries, and all other persons whosoever are now or may hereafter be authorized
to invest in bonds or other obligations of the state, may properly and legally invest funds
in their control or belonging to them. (Acts 1996, No. 96-320, p. 361, §13.)...
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41-10-467
Section 41-10-467 Bonds may be used to secure deposit and for investment of fiduciary funds.
The state and all public officers, municipal corporations, political subdivisions, and public
bodies, all banks, bankers, trust companies, savings banks and institutions, building and
loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees
and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging
to them or within their control in any bonds of the authority, and such bonds shall be authorized
security for all public deposits, it being the purpose of this article to authorize any persons,
firms, corporations, associations, political subdivisions, bodies, and officers, public or
private, to use any funds owned or controlled by them, including,...
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11-62-11
Section 11-62-11 Investment in bonds and notes by state, counties, municipalities, etc. The
notes and bonds of any authority shall be legal investments in which the state and its agencies
and instrumentalities, all counties, municipalities, and other political subdivisions of the
state and public corporations organized under the laws thereof, all insurance companies and
associations and other persons carrying on an insurance business, all banks, savings banks,
savings and loan associations, trust companies, credit unions, and investment companies of
any kind, all administrators, guardians, executors, trustees, and other fiduciaries and all
other persons whatsoever who are now or may hereafter be authorized to invest in bonds or
other obligations of the state may properly and legally invest funds in their control or belonging
to them. (Acts 1979, No. 79-332, p. 506, §11.)...
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11-89A-20
Section 11-89A-20 Bonds of authority as legal investments. The bonds of any authority shall
be legal investments in which the state and its agencies and instrumentalities, all counties,
municipalities and other political subdivisions of the state and public corporations organized
under the laws thereof, all insurance companies and associations and other persons carrying
on an insurance business, all banks, savings banks, savings and loan associations, trust companies,
credit unions and investment companies of any kind, all administrators, guardians, executors,
trustees and other fiduciaries, and all other persons whosoever are now or may hereafter be
authorized to invest in bonds or other obligations of the state, may properly and legally
invest funds in their control or belonging to them. (Acts 1980, No. 80-278, p. 368, §21.)...

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11-97-22
Section 11-97-22 Bonds of corporation as legal investments. The bonds of any corporation shall
be legal investments in which the state and its agencies and instrumentalities, all counties,
municipalities, and other political subdivisions of the state and public corporations organized
under the laws thereof, all insurance companies and associations and other persons carrying
on an insurance business, all banks, savings banks, savings and loan associations, trust companies,
credit unions, and investment companies of any kind, all administrators, guardians, executors,
trustees, and other fiduciaries, and all other persons whatsoever are now or may hereafter
be authorized to invest in bonds or other obligations of the state, may properly and legally
invest funds in their control or belonging to them. (Acts 1984, No. 84-314, p. 695, §22.)...

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