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18-1A-195
Section 18-1A-195 Opinion of owner as to value. The owner may consider any nonconjectural matters
in forming his opinion as to the fair market value of his property. (Acts 1985, No. 85-548,
p. 802, §1106.)...
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18-1A-170
Section 18-1A-170 Compensation standards; valuation in case of partial taking. (a) An owner
of property acquired by eminent domain is entitled to compensation determined under the standards
prescribed in this article. (b) If there is a partial taking, the valuation rule is the difference
between the fair market value of the entire property before the taking and the fair market
value of the remainder after the taking. (Acts 1985, No. 85-548, p. 802, §§906, 1001.)...
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7-1-203
Section 7-1-203 Lease distinguished from security interest. (a) Whether a transaction in the
form of a lease creates a lease or security interest is determined by the facts of each case.
(b) A transaction in the form of a lease creates a security interest if the consideration
that the lessee is to pay the lessor for the right to possession and use of the goods is an
obligation for the term of the lease and is not subject to termination by the lessee, and:
(1) The original term of the lease is equal to or greater than the remaining economic life
of the goods; (2) The lessee is bound to renew the lease for the remaining economic life of
the goods or is bound to become the owner of the goods; (3) The lessee has an option to renew
the lease for the remaining economic life of the goods for no additional consideration or
for nominal additional consideration upon compliance with the lease agreement; or (4) The
lessee has an option to become the owner of the goods for no additional...
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11-54B-46
Section 11-54B-46 Review of self-help business improvement district plan and adoption of ordinance.
The governing body of the municipality, upon review of the self-help business improvement
district plan and after public hearing, may adopt an ordinance to designate, establish, and
maintain the area described in the plan as a self-help business improvement district. The
ordinance shall provide for an effective date of 30 days from the date of adoption of the
ordinance by the governing body of the municipality and shall provide that, if the owners
of nonexempt real property representing 60 percent of the total fair market value of all real
property located within the district, or the owners of at least 50 percent of the parcels
of property located within the district; or, alternatively with respect to a district funded
by assessments against a particular class of businesses, if the owners of businesses, consistent
with the signatures required under subdivision (2) of Section 11-54B-44,...
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18-1A-29
Section 18-1A-29 Compensation for tenant-owned improvements. (a) If a building, structure,
or other improvement to be acquired by a condemnor under Section 18-1A-28 is owned by a tenant:
(1) It shall be deemed for the purpose of determining compensation to be a part of the real
property to be acquired notwithstanding the right or obligation of the tenant, as against
the owner of any other interest in the real property, to remove it at the expiration of his
term; and (2) The compensation awarded shall include an amount sufficient to pay the tenant
the larger of (i) the enhancement to the fair market value of the real property contributed
by the improvement, or (ii) the fair market value of the improvement assuming its removal
from the real property. (b) Payment under this section shall not duplicate any payment authorized
by law, and may be made only if the owner of the real property disclaims any interest in the
improvement. In consideration for the payment, the tenant shall assign,...
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16-6F-11
Section 16-6F-11 Public School and College Authority funding; local school system facilities
and land. (a) Access to Alabama Public School and College Authority (PSCA) funds. (1) Public
charter schools shall have the same rights and access to PSCA funding opportunities as non-charter
public schools. (2) The PSCA and the department shall adopt and maintain a policy to ensure
that public charter schools receive access to equitable facilities funding. (b) Access to
local school system facilities and land. (1) A public charter school shall have a right of
first refusal to purchase or lease at or below fair market value a closed or unused public
school facility or property located in a school system from which it draws its students if
the school system decides to sell or lease the public school facility or property. (2) Unused
facility means a school building or other local board of education owned building that is
or could be appropriate for school use, in which more than 60 percent of the...
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45-37A-51.137
Section 45-37A-51.137 The fund and its investment. (a) In each instance in which any provision
of this section requires a determination of the value of a security, or securities, in the
fund, the fair market value of such security or securities as determined by pricing sources
acceptable to the custodian, shall be deemed to be the value thereof. (b) The fund shall include
all assets of the fund in any form, and the city director of finance shall be, ex officio,
the custodian of the fund. The custodian shall keep a separate account of the fund and of
all assets and liabilities thereof and of all receipts and disbursements thereof and of all
prior service time and paid membership time of employee members. The custodian shall keep
all monies of the fund in a separate bank account. The custodian shall keep in force and effect
a bond in a penal amount equal to the total amount of monies and securities in such custodian's
custody or possession, but in no event in excess of fifty thousand...
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11-54-148
Section 11-54-148 No contribution by municipality. No municipality shall have the power to
pay out of its general funds or otherwise contribute any part of the costs of acquiring a
project, and shall not have the power to use land already owned by the municipality, or in
which the municipality has an equity, for construction thereon of a project or any part thereof;
provided, however, that municipal property which is not needed for public or municipal purposes
may be sold for fair market value or leased for fair market rental for a project; such fair
market values to be conclusively determined by the governing body of the municipality owning
such property. The entire cost of acquiring any project must be paid out of the proceeds from
the sale of bonds issued under the authority of this article; provided, however, that this
provision shall not be construed to prevent a municipality from accepting donations of property
to be used as a part of any project or money to be used for defraying...
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35-13-3
Section 35-13-3 Notice. (a) If the appraised value is over $30.00, the taker must, within 10
days thereafter, give notice thereof, once a week for three successive weeks, in a newspaper
published nearest to the place where the property was taken up. Such advertisement must state
the name of the taker, the time and place, a description of the property, with its marks,
and the name of the owner, if known, its appraised value, and where the same is secured or
deposited. (b) If the property is not worth exceeding $30.00, the same must be advertised
at the next steamboat landing, if the property was taken up on a navigable stream, otherwise,
at the nearest public place, within five days after the taking up. (Code 1852, §§2078-2080;
Code 1867, §§2470-2472; Code 1876, §§2866-2868; Code 1886, §§3285-3287; Code 1896, §§3528-3530;
Code 1907, §§5847-5849; Code 1923, §§10161-10163; Code 1940, T. 47, §§260-262.)...
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36-25-1
Section 36-25-1 Definitions. Whenever used in this chapter, the following words and terms shall
have the following meanings: (1) BUSINESS. Any corporation, partnership, proprietorship, firm,
enterprise, franchise, association, organization, self-employed individual, or any other legal
entity. (2) BUSINESS WITH WHICH THE PERSON IS ASSOCIATED. Any business of which the person
or a member of his or her family is an officer, owner, partner, board of director member,
employee, or holder of more than five percent of the fair market value of the business. (3)
CANDIDATE. This term as used in this chapter shall have the same meaning ascribed to it in
Section 17-5-2. (4) COMMISSION. The State Ethics Commission. (5) COMPLAINT. Written allegation
or allegations that a violation of this chapter has occurred. (6) COMPLAINANT. A person who
alleges a violation or violations of this chapter by filing a complaint against a respondent.
(7) CONFIDENTIAL INFORMATION. A complaint filed pursuant to this...
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