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23-2-160
Section 23-2-160 Transfer of projects to state highway system. When (1) all bonds issued under
the provisions of this article and all other debt made or issued to finance any project or
projects and the interest thereon and all other obligations related thereto shall have been
paid, or a sufficient amount for the payment of all the bonds and debt and the interest thereon
and all other obligations related thereto, to the maturity thereof shall have been set aside
in trust for the benefit of the holders thereof, and (2) all leases, concessions, and similar
agreements and arrangements relating to any project or projects have expired or terminated,
then the project or projects, if then in good condition and repair, as determined by the department,
shall be transferred by the authority to the state highway system and shall thereafter be
owned, operated, and maintained by the department. (Acts 1980, No. 80-691, p. 1377, §20;
Act 2009-769, p. 2364, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-2-160.htm - 1K - Match Info - Similar pages
24-2-9
Section 24-2-9 Investment by public bodies, etc., in bonds, etc., issued by housing authorities,
etc. Bonds or other obligations issued by a housing authority or the governing body of any
incorporated city or town, in connection with a redevelopment project pursuant to this chapter,
shall be security for public deposits and legal investments to the same extent and for the
same persons, institutions, associations, corporations, and other bodies and officers as bonds
or other obligations issued pursuant to this title in connection with the development of slum
clearance and housing projects. (Acts 1949, No. 491, p. 713, §8; Acts 1967, No. 416, p. 1070,
§8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-2-9.htm - 972 bytes - Match Info - Similar pages
40-18-324
Section 40-18-324 Duties and procedures. (a) The Department of Labor, in coordination with
the Department of Revenue, the Department of Economic and Community Affairs, and the Department
of Veterans' Affairs shall: (1) Promote awareness of the unemployed veteran tax credit authorized
in this article to employers and eligible veterans. (2) Establish procedures for prequalifying
an individual as an unemployed veteran and for providing notice to the Department of Labor
when a new full-time employee is hired. (3) Establish procedures for certifying a qualified
employer's compliance, or in the case of a credit under subsection (b) of Section 40-18-323,
a recently deployed unemployed veteran's compliance, with the eligibility and expense verification
requirements to claim the credit authorized under this section. (4) Adopt measurable goals,
outcomes, and an audit strategy to assess the utilization and performance of the credits authorized
in this article. (5) On or before January 15, 2014,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-324.htm - 2K - Match Info - Similar pages
40-18-414
Section 40-18-414 (Per Section 40-18-416, this section is repealed following the close of fiscal
year 2020) Site preparation or public infrastructure work; reports. (a) Upon receipt of funding
provided by the tax credit process in Section 40-18-413, the economic development organization
shall proceed with the work that was specified in the application required by Section 40-18-411.
(b)(1) As to a project described in Section 40-18-411(a)(1), the economic development organization
shall report to the Department of Commerce upon the completion of the site preparation or
public infrastructure work, upon the transfer of the site to an industry or business, and
at other times as may be required or requested by the Department of Commerce. (2) As to a
project described in Section 40-18-411(a)(2), the economic development organization shall
report to the Department of Commerce upon the completion of the work and at such times as
may be required or requested by the Department of Commerce. (c)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-414.htm - 1K - Match Info - Similar pages
40-18-423
Section 40-18-423 (Credit expires after 2025 tax year unless extended.) Rulemaking authority;
annual report. (a) The Alabama Office of Apprenticeship, under the direction of the Workforce
Development Division of the Department of Commerce, with the consultation of the Board of
Trustees of the Alabama Community College System or its designee, may adopt any rules necessary
to establish standards for participation and eligibility and to implement and administer this
article. The Alabama Office of Apprenticeship shall consult with the Department of Revenue
to coordinate implementation and administration of this article. (b) The Alabama Office of
Apprenticeship shall provide an annual report to the Chair of the House Ways and Means Education
Committee and the Chair of the Senate Finance and Taxation Education Committee to account
for the effectiveness of the apprenticeship program under this article. (Act 2016-314, p.
784, §4; Act 2019-506, §8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-423.htm - 1K - Match Info - Similar pages
41-10-550
Section 41-10-550 Appropriation and pledge of funds for authority obligations. (a) For the
purpose of providing funds to enable the authority to pay debt service referable to any bonds
issued by it, amounts due on any authority guaranties entered into by it under this division
and other obligations incurred by the authority pursuant to this division, and to pay the
costs of acquiring, operating, and maintaining any project or other property the authority
may own, acquire, or operate and to pay any other costs, expenses, or obligations of the authority,
there is irrevocably pledged to such purpose and is appropriated to the authority so much
as may be necessary therefor of the appropriated funds. All moneys hereby appropriated and
pledged shall be deposited in a special fund maintained by the State Treasurer separate and
apart from all other funds under his or her supervision, and the State Treasurer is hereby
directed to cause moneys in the special fund to be disbursed solely for the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-550.htm - 4K - Match Info - Similar pages
11-92C-15
Section 11-92C-15 Failure to pay past due assessments. If any user, lessee, or owner of the
project fails to pay when due, with time being of the essence, any assessments or fees due
under this chapter, including, but without limitation, any payments in lieu of taxes, collectively
"past due assessment," then the authorizing subdivision or authority, or their designated
agents, collectively the "fee collector," may commence proceedings to foreclose
on the land and improvements of the user, lessee, or owner of the project having land within
the State of Alabama, subject to the terms of any executed agreement between the fee collector
and the user, lessee, or owner of the project, as follows: (1) A fee collector shall send
a letter by means of United States certified mail, return receipt requested, to the last known
address of the user, owner, or lessee of the project. The address of the user, owner, or lessee
as shown in the tax assessment records of the tax assessor or revenue...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-15.htm - 5K - Match Info - Similar pages
11-99-4
Section 11-99-4 Creation of tax increment districts and approval of project plans. In order
to exercise its powers under this chapter, a public entity shall take the following steps:
(1) The local governing body shall hold a public hearing at which all interested parties are
afforded a reasonable opportunity to express their views on the concept of tax increment financing,
on the proposed creation of a tax increment district and its proposed boundaries, and its
benefits to the public entity. Notice of the hearing shall be published in a newspaper of
general circulation in either the county or in the city, as the case may be, in which the
proposed tax increment district is to be located with such notice to be published at least
twice in the 15-day period immediately preceding the date of the hearing. Prior to publication,
a copy of the notice shall be sent by first class mail to the chief executive officer of each
deferred tax recipient. (2) In addition to the notice required by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99-4.htm - 8K - Match Info - Similar pages
45-44-90.03
Section 45-44-90.03 Economic Development Authority - Executive director; employees; funding.
(a) The authority may employ a qualified executive director who shall have the responsibility
of implementing policies and directives of the board of directors and any necessary staff.
The executive director shall have a minimum of a bachelor's degree in economic development,
business administration, marketing, finance, economics, public administration, or other related
field. (b) The executive director shall serve at the pleasure of the board. The board shall
set the annual salary of the executive director. The board shall provide necessary office
space for the authority, which shall be maintained in the county seat. (c) The appointed members
of the board may employ consultants, only upon a unanimous vote of all members of the board
at a board meeting attended by all members. (d) The authority may solicit and receive contributions
from other governmental entities, corporations, partnerships,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-44-90.03.htm - 2K - Match Info - Similar pages
11-101A-14
Section 11-101A-14 Securities payable out of revenues from projects, properties, etc., indenture
may contain agreements; liens. (a) Securities issued by an authority shall not be general
obligations of the authority but shall be payable solely out of the revenues from any project
or other properties or assets, including, without limitation, proceeds from the securities,
investment income and insurance, and condemnation proceeds, owned by it, all as may be provided
or specified in the resolution of the board authorizing the securities or the indenture under
which issued. The principal of and interest, and premium, if any, on any securities issued
by the authority shall be secured by a pledge of the revenues out of which the same are payable
and may be secured by an indenture conveying as security for the securities all or any part
of its property, which indenture may be subject to foreclosure. (b) Any indenture executed
on behalf of the authority and any resolution of the board...
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