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41-10-45.3
Section 41-10-45.3 Loans; maximum amount of project obligations; refinancing; investment of
funds. (a) The authority may provide loans to an eligible borrower to pay for all or part
of the eligible expenses of a qualifying project pursuant to a targeted county financing agreement.
A loan may have a maturity or maturities not exceeding 20 years from its date, may bear interest
or be interest free, may not exceed the maximum loan amount, and may contain terms not in
conflict with the provisions of this article, all as the governing body of the authority may
provide in the proceedings pursuant to which the loan is authorized to be issued. The authority
may provide, in its discretion, that the loan shall bear interest at a rate or rates fixed
at the time of the issuance thereof, or at fixed rates which may be changed from time to time
during the term of the loan in accordance with an objective procedure determined by the authority
at the time of the issuance of the loan, or at a floating...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-45.3.htm - 3K - Match Info - Similar pages
41-10-652
state pursuant to any federal tobacco-related settlement, any tobacco-related appropriations
made by the United States Congress to the State of Alabama, and any revenues received by the
state as a result of litigation against any tobacco-related industry, which revenues will
be deposited in the special fund pursuant to Division 1. (9) PROJECT shall mean all land,
buildings, equipment, and other improvements constituting the manufacturing facility and the
training facility, and all real and personal properties being necessary or useful in
connection therewith. (10) PROJECT COSTS shall mean all costs and expenses incurred by the
authority or any person in connection with the acquisition, construction, installation and
equipping of any part of the project, including without limitation, any of the following:
a. The direct costs of acquiring, constructing, installing, and equipping any part of the
project, including building materials, equipment, labor costs, and payments to contractors,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-652.htm - 6K - Match Info - Similar pages
11-50A-1
this chapter and any successor or successors thereto. (2) BOARD. The board of directors of
the authority. (3) BONDS. Any bonds issued by the authority under the provisions of this chapter,
including refunding bonds. (4) BOND ANTICIPATION NOTES. Short term obligations issued by the
authority in anticipation of the issuance of bonds. (5) COSTS. All costs of acquisition, construction,
reconstruction, improvement, equipment, alteration, repair, or extension of any project; all
costs of real and personal property required for the purposes of any project, including
any rights or undivided interest therein; all costs of easements, franchises, water rights,
fees, permits, approvals, licenses, and certificates, and all costs of securing any permits,
approvals, licenses, and certificates, and preparing applications therefor; all costs of machinery
and equipment, including equipment for use in connection with construction; all costs of the
initial fuel supply or additional fuel inventories...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-1.htm - 9K - Match Info - Similar pages
22-29-17
Section 22-29-17 Grants to local public bodies - Authorized. The state is hereby authorized
to make grants to any local public body to assist such local public body in the construction
of a project. Such grants shall be administered by the authority. The authority acting by
and through any authorized officer is hereby authorized to enter into an agreement obligating
the state to pay such portion of the estimated reasonable cost of the projects of each local
public body as may be required in order that such project shall be eligible for the maximum
obtainable federal grant under the Federal Water Pollution Control Act. (Acts 1971, No. 42,
p. 279, ยง13.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-29-17.htm - 966 bytes - Match Info - Similar pages
27-27-12
Section 27-27-12 Deposit of solicitation permit funds in escrow - Requirement. (a) All funds
received in Alabama pursuant to a solicitation permit, other than advance premiums for insurance
which are subject to Section 27-27-18, shall, by the permit holder, be deposited and held
in escrow in a bank or trust company located in this state under an agreement approved by
the commissioner. (b) No part of such funds shall be withdrawn from such deposit, except:
(1) For the payment of promotion, sales, and organization expenses as authorized by the solicitation
permit, and funds for such purposes may be withheld from the deposit; (2) For the purpose
of making any deposit with the commissioner required for the issuance of a certificate of
authority to an insurer; (3) If the proposed organization is not to be an insurer, upon completion
of payments on securities subscriptions made under the solicitation permit and deposit or
appropriation of such funds to the purposes specified in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-12.htm - 1K - Match Info - Similar pages
9-14E-1
pursuant to subsection (d) of Section 9-14E-5. (6) PARTY TO AN EXECUTED PROJECT AGREEMENT.
The state or any person who is a party to and is obligated to the state under a project agreement,
or any part thereof. (7) PERSON. Any private person or any public person. (8) PRIVATE PERSON.
Any natural person, corporation, general or limited partnership, limited liability company
or partnership, unincorporated association or organization, or other nongovernmental entity.
(9) PROJECT. Real and personal property to be located on the approximately 29 acre
project site in Gulf State Park, as described in subdivision (12), to consist of some or all
of the following: Lodge facilities; conference, education, and meeting space; banquet areas;
primary and specialty restaurants; recreation and other facilities; business centers; and
infrastructure such as parking facilities; transportation facilities for pedestrian and vehicular
traffic; utilities; and other structures or improvements as presented...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-14E-1.htm - 4K - Match Info - Similar pages
23-1-5
Section 23-1-5 Payment of costs of relocation of utility facilities necessitated by construction
of highways. (a) Whenever the Director of Transportation shall determine and order that the
relocation of any utility facility is necessitated by the construction of any project on the
national system of interstate and defense highways, including the extensions thereof within
urban areas, the utility owning or operating the utility facility shall relocate the facility
in accordance with the order of the Director of Transportation. Notwithstanding the foregoing,
if the cost of the utility facility relocation is eligible and approved for reimbursement
by the federal government, the cost of the relocation of the utility facility shall be paid
by the state as a part of the cost of the construction of the project out of the funds then
or thereafter available for the highway construction after the utility has furnished the Director
of Transportation with all papers, records, or other supporting...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-5.htm - 4K - Match Info - Similar pages
33-16-9
Section 33-16-9 Contracts. The aggregate monetary obligation that the authority may incur in
connection with its contracts (other than contracts of the type described in the next succeeding
paragraph) shall not at any time exceed the sum of: (1) Any uncommitted or unencumbered moneys
then appropriated to the authority by the Legislature; and (2) Any uncommitted or unencumbered
proceeds of bonds available or to become available from bonds then authorized by the authority
and approved by the Governor pursuant to Section 33-16-12. No contract which is subject to
the foregoing restriction and which involves the expenditure of money, whether now or later,
shall be approved or ratified by the board of directors unless the resolution approving or
ratifying the same shall include a determination that there will be compliance with the preceding
limitation when the amount of the obligation of the contract in question has been added to
the already existing obligations of the authority. This...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-16-9.htm - 4K - Match Info - Similar pages
40-18-70
Section 40-18-70 Definitions. For the purpose of this article, the following terms shall have
the respective meanings ascribed by this section: (1) EMPLOYEE. Employee as defined in the
Internal Revenue Code, as amended from time to time. (2) EMPLOYER. Employer as defined in
the Internal Revenue Code, as amended from time to time. An employer is required to withhold
tax from the wages of employees to the extent that such wages are earned in Alabama, whether
the employee is a resident or a nonresident of the state. (3) INTERNAL REVENUE CODE. The Internal
Revenue Code of the United States, as amended from time to time. (4) PROVISIONAL CONSTRUCTION
EMPLOYERS. A provisional construction employer is any employer, including members of its affiliated
group as that term is defined in the Internal Revenue Code, that (i) employs 50 or more employees
in a construction project for qualified property located in a tax increment district in which
not less than 50 percent, by area, of the real property...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-70.htm - 2K - Match Info - Similar pages
40-9B-5
Section 40-9B-5 Granting of abatement. (a) Subject to the geographical or jurisdictional or
other limitations specified in subsections (b), (c), and (d), the governing body of a municipality,
a county, or a public industrial authority may grant abatements of all of the taxes allowed
to be abated under Section 40-9B-4 with respect to private use industrial property. (b)(1)
The abatements authorized to be granted pursuant to subsection (a) for construction related
transaction taxes and for ad valorem taxes for a period not to exceed 10 years may be granted:
a. By the governing body of a municipality, except as otherwise provided herein, with respect
to private use industrial property located within the limits of the municipality or within
the police jurisdiction of the municipality; provided, however, if a municipality has a corresponding
municipal tax, the municipal governing body may only grant an abatement of a county tax if
the municipality has also abated the corresponding municipal...
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