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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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40-9-14.1
Section 40-9-14.1 Certificates of exemption to governmental entities, contractors, etc.,
for certain tax exempt projects. (a) For the purposes of this section, the term governmental
entity means the State of Alabama and its political subdivisions, including a county, a municipality,
an industrial or economic development board or authority, and any public water or sewer authority,
district, system, or board that otherwise is sales and use tax exempt. A governmental entity
shall also include an educational institution of any of the foregoing Alabama political subdivisions
including a public college or university, a county or city board of education, and the State
Board of Education. (b)(1) The Department of Revenue shall issue a certificate of exemption
to the governmental entity for each tax exempt project. (2) The Department of Revenue shall
grant a certificate of exemption from state and local sales and use taxes to any contractor
licensed by the State Licensing Board for General...
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41-10-551
Section 41-10-551 Manner of ownership, operation, leasing, and disposition of facilities
financed by authority. No authority obligations shall be incurred with respect to any training
facility and no funds of the authority shall be applied to payment of training facility management
fees pursuant to Section 41-10-550 unless the following conditions are met: (1) Subject
to subdivisions (3), (4), and (5) of this subsection, in the case of any training facility
financed in whole or in part through the issuance of bonds of the authority, title to the
financed property shall be acquired in the name of, or transferred promptly after acquisition
to, the authority and the title shall remain in the authority. (2) Subject to subdivisions
(3), (4), and (5) of this subsection, in the case of any training facility financed in whole
or in part through the issuance of authority-guaranteed obligations, title to the financed
property shall be acquired in the name of, or transferred promptly after...
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41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from
time to time to sell and issue its bonds in limited amounts and for the purpose of promoting
economic development and industrial recruitment as specified by the Legislature from time
to time by separate act, provided that refunding bonds may be issued by the authority pursuant
to Section 41-10-627 without first obtaining separate authorization from the Legislature.
(b) Sources of payment. Bonds issued by the authority shall be solely and exclusively an obligation
of the authority and shall not create an obligation or debt of the state. Such bonds shall
not be general obligations of the authority but shall be payable solely from one or more of
the following sources: (1) Appropriated funds. (2) The income or proceeds realized by the
authority under any mortgage or security granted to the authority. (3) Amounts derived from
any letter of credit, insurance policy, or other form of credit enhancement...
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11-54A-2
Section 11-54A-2 Definitions. The following words and phrases used in this chapter,
and others evidently intended as the equivalent thereof, in the absence of clear implication
herein otherwise, shall be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of any city in accordance
with Section 11-54A-4. (2) AUTHORITY. Any redevelopment authority organized pursuant
to this chapter. (3) AUTHORIZING RESOLUTION. A resolution adopted by the governing body of
any city in accordance with Section 11-54A-4, that authorizes the corporation of the
authority. (4) BOARD. The board of directors of the authority. (5) BONDS. Shall include bonds,
notes, and certificates representing an obligation to pay money. (6) CITY. Any incorporated
city or town in the State of Alabama with respect to which a redevelopment authority may be
organized. (7) DIRECTOR. A member of the board of the authority. (8) DEVELOPMENT AREA....
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41-29-501
Section 41-29-501 Definitions. (a) For the purposes of this article, the following words
and phrases shall have the following meanings: (1) AUTHORITY. The public corporation organized
pursuant to the provisions of Sections 41-10-20 through 41-10-32. (2) AUTHORIZED PURPOSE.
Any one or more of the purposes for which grants are herein authorized to be made as specified
in Section 41-29-503(a). (3) BOARD OF DIRECTORS. The board of directors of the authority.
(4) BOND. The bonds issued under the provisions of this article. (5) CAPITAL COSTS. All costs
and expenses incurred by one or more investing companies in connection with the acquisition,
construction, installation, and equipping of a qualifying project during the period commencing
with the date on which such acquisition, construction, installation, and equipping commences
and ending on the date on which the qualifying project is placed in service, including, without
limitation of all of the following: a. The costs of acquiring,...
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16-16-14
Section 16-16-14 Use of bond proceeds for loans to local boards of education. The proceeds
derived from the sale of any bonds issued pursuant to subsection (b) of Section 3 of
Act 98-373 shall be deposited in the State Treasury and shall be carried in a separate fund
therein for the account of the authority, which shall pay therefrom the expenses of issuance
thereof. The proceeds from the sale of the bonds remaining after payment of the expenses of
issuance thereof shall be retained in such fund and, until they are paid out, shall be invested
by the State Treasurer at the direction of the authority in permitted investments which mature
at such time or times as the authority shall direct. Monies in the fund (whether original
proceeds from the sale of the bonds or principal proceeds of matured permitted investments)
shall be available for loan by the authority. The authority is hereby authorized to loan,
and each local board of education is hereby authorized to borrow, such monies under...
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45-41A-40.01
Section 45-41A-40.01 Definitions. The following words and phrases used in this part,
and others evidently intended as the equivalent thereof, in the absence of clear implication
herein otherwise, shall be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of the city in accordance
with Section 45-41A-40.03. (2) AUTHORITY. The Opelika Downtown Redevelopment Authority,
a public corporation organized pursuant to this part. (3) AUTHORIZING RESOLUTION. A resolution
adopted by the governing body of the city in accordance with Section 45-41A-40.03,
that authorizes the corporation of the authority. (4) BOARD. The board of directors of the
authority. (5) BONDS. Shall include bonds, notes, and certificates representing an obligation
to pay money. (6) CITY. The City of Opelika, Alabama. (7) DIRECTOR. A member of the board
of the authority. (8) DOWNTOWN DEVELOPMENT AREA. The central business district of the...
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45-8A-111.01
Section 45-8A-111.01 Definitions. The following words and phrases used in this part,
and others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) "Applicant"
means a natural person who files a written application with the governing body of the city
in accordance with the provisions of Section 45-8A-111.03. (2) "Authority"
means the Oxford Downtown Development Authority, a public corporation organized pursuant to
this part. (3) "Authorizing resolution" means a resolution adopted by the governing
body of the city in accordance with Section 45-8A-111.03, that authorizes the incorporation
of the authority. (4) "Board" means the board of directors of the authority. (5)
"Bonds" means and shall include bonds, notes, and certificates representing an obligation
to pay money. (6) "City" means the City of Oxford, Alabama. (7) "Director"
means a member of the board of the...
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45-8A-20.01
Section 45-8A-20.01 Definitions. The following words and phrases used in this part,
and others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) "Applicant"
means a natural person who files a written application with the governing body of the city
in accordance with the provisions of Section 45-8A-20.03. (2) "Authority"
means the Anniston Downtown Development Authority, a public corporation organized pursuant
to the provisions of this part. (3) "Authorizing resolution" means a resolution
adopted by the governing body of the city in accordance with the provisions of Section
45-8A-20.03, that authorizes the corporation of the authority. (4) "Board" means
the board of directors of the authority. (5) "Bonds" means and shall include bonds,
notes, and certificates representing an obligation to pay money. (6) "City" means
the City of Anniston, Alabama. (7) "Director" means a...
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