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41-10-36
Section 41-10-36 Definitions. Unless the context requires otherwise, the terms defined
in this section shall have the following meanings for purposes of this division: (1)
AFFECTED BOND. Any obligation or portion thereof which is required under the terms of the
code to receive an allocation of the state ceiling as a condition for the exclusion of interest
on such obligation from the gross income of the recipient thereof for federal income tax purposes.
(2) ALLOCATION. An allocation of a portion of the state ceiling issued by the authority pursuant
to the provisions of this division. (3) APPLICATION. An application for an allocation, submitted
by an issuer under the provisions of this division. (4) APPLICATION FOR CARRYFORWARD ALLOCATION.
Any application filed with the authority seeking an elective carryforward of unused limitation
for a "carryforward purpose" as defined in Section 146(f)(5) of the code.
(5) AUTHORITY. The State Industrial Development Authority, a public corporation of...
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41-10-38
Section 41-10-38 Allocation formulae. (a) The state ceiling for calendar year 1989 and
thereafter is hereby allocated in its entirety to the state, and no other governmental unit,
issuer, or other entity of any type shall have or utilize any portion of the state ceiling
for such year except in accordance with this division. The state ceiling for calendar year
1989 and thereafter shall be redistributed by the authority to issuers of affected bonds in
the chronological order of receipt of completed applications, subject to the limitations,
reservations and further provisions of this subsection. (1) There is hereby reserved for Alabama
Housing Finance Authority 25 percent of the state ceiling for each calendar year, to be used
for the issuance of exempt facility bonds for qualified residential rental projects and for
the issuance of qualified mortgage bonds, in such relative principal amounts as shall be determined
by the Board of Directors of Alabama Housing Finance Authority. The...
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41-10-37
Section 41-10-37 Allocation procedure. Allocations of the state ceiling shall be granted
by the authority in response to applications filed with the authority by any issuer in the
following manner: (1) Each application shall be made by an instrument in writing signed by
an officer or agent of the issuer and shall contain (i) the names and addresses of the issuer,
the proposed lessee, purchaser or user of the project to be financed (if applicable), and
bond counsel, (ii) the maximum principal amount of affected bonds proposed to be issued, (iii)
a brief description of the project to be financed, and (iv) a brief description of the affected
bonds proposed to be issued, identifying such bonds as "Exempt Facility Bonds,"
"Qualified Mortgage Bonds", "Qualified Small Issue Bonds" (and if "Qualified
Small Issue Bonds," further indicating whether the project to be financed constitutes
a "Manufacturing Facility"), "Qualified Student Loan Bonds," or "Qualified
Redevelopment Bonds." In addition,...
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11-51-90
Section 11-51-90 Municipal business licenses; branch offices; application. (a) All municipalities
shall have the following powers: (1) To license any exhibition, trade, business, vocation,
occupation, or profession not prohibited by the Constitution or laws of the state which may
be engaged in or carried on in the municipality. (2) To fix the amount of licenses, the time
for which they are to run, not exceeding one license year, to provide a penalty for doing
business without a license, and to charge a fee not exceeding ten dollars ($10) for issuing
each license. The issuance fee shall be increased every five license years by the Department
of Revenue by an amount equal to the percentage increase, if any, in the U.S. Department of
Labor's Producer Price Index during that five-year period, rounded to the nearest dollar,
with the base year being 2006. The Department of Revenue shall notify all municipalities and
the Alabama League of Municipalities of any such fee increase no later than...
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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;...
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11-97-10
Section 11-97-10 Security for payment of bonds; contracts and agreements to secure.
(a) Bonds issued by any corporation may, as its board may deem advisable, be either general
obligations of such corporation or limited obligations payable only out of certain specified
revenues or assets of such corporation; provided, that any corporation may enter into contracts
with the holders of any of its bonds preventing such corporation from thereafter issuing general
obligation bonds or limiting the amount of such bonds that may thereafter be issued. To the
extent permitted by any contracts with the holders of outstanding bonds and any other contractual
obligations or requirements, any corporation may pledge any of its revenues or mortgage or
assign any of its assets, whether real or personal and whether tangible or intangible, to
secure the payment of any of its bonds. (b) As security for payment of the principal of and
the interest and premium, if any, on any bonds issued or assumed by it, any...
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41-10-35
Section 41-10-35 Legislative findings and intent. The Internal Revenue Code of 1986,
as amended, imposes a "state ceiling" upon the aggregate principal amount of "private
activity bonds" which may be issued in any calendar year by or on behalf of a state and
its political subdivisions and instrumentalities, and establishes a method of allocating the
available state ceiling within each state. Authority is granted by the Internal Revenue Code,
however, to the states to provide for a different formula for allocation of the state ceiling.
The Legislature has found and determined that the allocation method contained in the Internal
Revenue Code is ill-suited for the needs of the State of Alabama and that the provisions of
this division will result in a more equitable and efficient distribution of the state ceiling
available to the state and will therefore promote the economic and industrial development
of the state. It is the intent of the Legislature by the passage of this division to...
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2-11-3
Section 2-11-3 Powers of commissioner and board. (a) The commissioner shall have the
power to: (1) Inspect and determine the grade and condition of agricultural products both
at shipping points and receiving centers within this state and provide for the issuance of
certificates as to grade or condition of such products; (2) Inspect, test and examine the
containers for agricultural products; (3) Investigate, collect and disseminate data and statistics
as to the location, quantities and time when available of agricultural products produced,
stored or held within this state, information as to the cost and facilities for the transportation,
storage and distribution of such products and information as to market prices of such products
in the markets of the state and other markets; (4) Acquire and use such information and data
as may be necessary and useful in making recommendations to the Public Service Commission
to avoid and prevent discrimination in the transportation of such products of...
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40-26B-21
Section 40-26B-21 Privilege assessment on nursing facilities. To provide further for
the availability of indigent health care, the operation of the Medicaid program, and the maintenance
and expansion of medical services: (a) There is levied and shall be collected a privilege
assessment on the business activities of every nursing facility in the State of Alabama. The
privilege assessment imposed is in addition to all other taxes and assessments, and shall
be at the annual rate of one thousand eight hundred ninety-nine dollars and ninety-six cents
($1,899.96) for each bed in the nursing facility. Beginning September 1, 2020, the privilege
assessment shall be increased from one thousand eight hundred ninety-nine dollars and ninety-six
cents ($1,899.96) for each bed in the nursing facility, by an addition to the privilege assessment
equal to three hundred twenty-seven dollars and forty-eight cents ($327.48) per annum. The
addition to the privilege assessment shall be paid in equal monthly...
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33-2-180
Section 33-2-180 Definitions. Where used in this article the following words and terms
shall be given the following respective meanings unless the context hereof clearly indicates
otherwise: (1) CODE. The Code of Alabama 1975, as amended. (2) DEPARTMENT. Alabama State Docks
Department created in Chapter 1 of Title 33. (3) DIRECTOR. The Director of State Docks provided
for in Section 33-1-3. (4) DOCKS FACILITIES. Docks and all kinds of docks facilities,
including elevators, compresses, conveyors, warehouses, water and rail terminals, bulk handling
facilities, coal handling facilities, grain elevator facilities, wharves, piles, quays, cold
storage facilities, loading and unloading facilities, and other related structures, facilities,
equipment, property and improvements of every kind needful for the convenient use of same,
in aid of commerce and use of the waterways of the state, now or hereafter existing, that
are now or hereafter owned or held, are or are to be under the management and...
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