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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
41-10-273
Section 41-10-273 Security for bonds; collection and application of revenues pledged to payment
of bonds; terms of leases of judicial facilities; maintenance and insurance of judicial facilities;
reserve and other funds; rights of holders of bonds upon default. Any resolution of the board
of directors authorizing the issuance of bonds may contain any provision or agreement customarily
contained in instruments securing evidences of indebtedness, including, without limiting the
generality of the foregoing, a pledge, transfer or assignment of any leases of any judicial
facilities out of the revenues from which such bonds are payable and a pledge of such revenues.
Any such resolution may also contain provisions respecting the collection and application
of any revenues pledged to the payment of the authority's bonds, the terms to be incorporated
in lease agreements respecting judicial facilities out of the revenues from which such bonds
are payable, the maintenance of and insurance on such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-273.htm - 2K - Match Info - Similar pages
41-10-272
Section 41-10-272 Creation of fund for payment of bonds. For the purpose of providing funds
for the payment of the principal of, premium, if any, and interest on the bonds issued by
the authority under the provisions of this article, there is hereby created and irrevocably
pledged to the payment of such obligations a special and continuing fund which shall consist
of all receipts and income from rents contracted for and received by the authority under leases
of the judicial facilities constructed with the proceeds from the sale of bonds. Moneys on
deposit in said fund shall not be diverted or used for any other purpose if needed for the
payment of the principal of, premium, if any, or interest on the bonds of the authority. (Acts
1986, No. 86-420, p. 627, §13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-272.htm - 1K - Match Info - Similar pages
41-10-516
Section 41-10-516 Special funds. For the purpose of providing funds for the payment of the
principal of and interest on the bonds issued by the authority under the provisions of this
article, there is hereby created and irrevocably pledged to the payment of such obligations
a special and continuing trust fund which shall consist of all receipts and income from rents
contracted for and received by the authority under leases of the facility or facilities constructed
with the proceeds from the sale of the bonds. There shall be created within said special and
continuing trust fund a reserve fund account of said authority in the State Treasury in which
shall be placed as trust fund and held separate and apart from all other moneys of the state
or of the authority, (1) any moneys left after the completion of the facility and the payment
of all costs in connection therewith and in connection with the issuance of the bonds, and,
(2) all excess rentals and other surplus income from the facility...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-516.htm - 2K - Match Info - Similar pages
41-10-515
Section 41-10-515 Leasing to county, municipal corporation, agency of federal government, etc.
If at any time any facility constructed or acquired by the authority is, or is about to be,
vacant or unused as a result of there being no lease for such facility in effect for the current
fiscal year, then, but only in such event, in order to prevent default on its bonds, the authority
is hereby authorized to lease such facility to any other agency, department, bureau or commission
of the state, any municipal corporation, public corporation, county, or other public body
in the state, or any agency of the federal government, and lastly, and in no other order of
priority, to a private person, firm or corporation. Any such lease shall not be for the purpose
of lending public credit but shall be solely to avoid default on the authority's bonds and
to insure the prompt payment of the principal thereof and interest thereon when due. (Acts
1990, No. 90-603, p. 1094, §26.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-515.htm - 1K - Match Info - Similar pages
41-9-430
Section 41-9-430 Creation; commission a public body corporate; commission to provide, etc.,
facilities for exhibits of National Aeronautics and Space Administration, Department of Army,
etc.; commission empowered to provide lodging for visitors, etc. There is hereby created and
established a state agency to be known as the Alabama Space Science Exhibit Commission, which
shall be a public body corporate with all the powers and privileges of a corporation, for
the purpose of providing for and participating in the management and control of facilities
to house and display such visual exhibits of space exploration and hardware used therefor
as may be made available by the National Aeronautics and Space Administration. Such facility
shall constitute a permanent housing for the national aeronautics and space administration
exhibit, which shall be open to the general public and shall be located at a place to be designated
and made available in Madison County for a nominal cost through the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-430.htm - 3K - Match Info - Similar pages
2-6-107
Section 2-6-107 Lease of project. (a) Without limiting the generality of the powers otherwise
granted by this article, the corporation is authorized to lease the project, or portions thereof,
to the Alabama Agricultural Center Board or to any other public or private entity. The AACB
and any other agency, board, commission, bureau, or department of the state and each of them
are authorized to lease any facilities from the corporation. Any lease as described in this
section shall, however, be either of the following: (1) For a term no longer than the then
current fiscal year of the state, but any such lease may contain a grant to the lessee of
successive options of renewing the lease on the terms specified in the lease for any subsequent
fiscal year or years of the state; provided, that liability for the payment of rent shall
never be for a term longer than one fiscal year. (2) Provide that in no event rentals may
be paid from moneys appropriated by the state and that rentals shall be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-107.htm - 1K - Match Info - Similar pages
41-9-472
Section 41-9-472 Powers and duties. The commission shall be authorized: (1) To investigate
and select an available site for housing the exhibits, including the surrounding grounds,
in cooperation with the community, taking into consideration all pertinent factors affecting
the suitability of such site; (2) To acquire by rent or lease agreement or otherwise the necessary
housing facilities; and to establish, improve and enlarge the available facility, including
providing it with necessary equipment, furnishings, landscaping and related facilities, including
parking areas and ramps, roadways, sewers, curbs, and gutters; (3) To enter into such contracts
and cooperative agreements with local, state and federal governments, with agencies of such
governments, with private individuals, corporations, associations and other organizations
as the commission may deem necessary or convenient to carry out the purpose of this article,
with such contracts and agreements to include leases to private...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-472.htm - 5K - Match Info - Similar pages
11-61A-10
Section 11-61A-10 Operation of the facility. (a) As used in this section, the word "person"
means a natural person, a corporation, a partnership, or an unincorporated association. (b)
The authority shall carefully consider and decide whether it is in the public interest for
the authority to operate the facility, enter into a contract with a person to operate the
facility for the authority, or lease the facility. The authority shall consider all the following
factors in making this determination: (1) The relative efficiency of the alternate operations.
(2) The relative economy of the alternate operations. (3) The overall advantage and benefit
to the authority and the public of the alternate operations. In order to make this determination,
the authority shall ascertain each of the following: (1) The amount necessary in each year
to pay the principal and interest on the bonds proposed to be issued to finance the parking
facility. (2) The amount necessary to be paid each year to any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-61A-10.htm - 2K - Match Info - Similar pages
22-21-53
Section 22-21-53 Powers. (a) Any district or regional hospital association is hereby authorized
and empowered to exercise the following powers in addition to others granted in this article:
(1) To cooperate with the State Board of Health for the purpose of constructing, equipping,
maintaining and operating a hospital by making appropriate application to the State Board
of Health; to enter into a cooperative contract with the State Board of Health for this purpose;
(2) To act as an agent for the State Board of Health under a cooperative contract to prepare,
carry out and operate hospital projects; (3) To provide for the construction, reconstruction,
improvement, alteration or repair of any hospital, or any part thereof; (4) To take over,
by purchase, lease or otherwise, any hospital; (5) To manage, as agent of the State Board
of Health, any hospital constructed or owned by the association; (6) To arrange, with any
appropriate local or state agencies, for the opening or closing of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-53.htm - 3K - Match Info - Similar pages
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