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45-40-161
Section 45-40-161 Distribution of payments. (a) Pursuant to the authority granted by
Sections 40-28-1 to 40-28-3, inclusive, Lawrence County's share of payments made by the Tennessee
Valley Authority to the state in lieu of ad valorem taxes shall be distributed as provided
by this section: (1) For the 1983-84 fiscal year, the Lawrence County Commission shall
receive ninety thousand dollars ($90,000) in a special allotment to replace alcoholic beverage
proceeds taxes and to assist the following agencies in the following amounts: a. Each fire
department established before January 1, 1982, shall receive two thousand dollars ($2,000).
b. Each fire department established after January 1, 1982, shall receive four thousand dollars
($4,000). c. The Lawrence County Rescue Squad shall receive two thousand dollars ($2,000).
d. The Lawrence County Youth Aid Fund shall receive two thousand dollars ($2,000). (2) For
the 1984-85 fiscal year and each fiscal year thereafter, each fire department, the...
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9-13-84
Section 9-13-84 Payment and disposition of taxes generally; Special State Forestry Fund;
appropriation of tax receipts for use of State Forestry Commission. (a) The taxes imposed
by this article, and any other taxes imposed on the severance of forest products, shall be
due and payable quarterly to the department and, when collected, shall be paid by the department
into the State Treasury. When so paid into the State Treasury, all such taxes shall be credited
by the Treasurer to a special fund which is hereby created and which shall be known as the
Special State Forestry Fund of the State of Alabama, which fund shall be disbursed under the
supervision of the State Forester, subject to the restrictions embodied in this article, for
the purpose of carrying out the statewide forestry program as provided by law and for no other
or different purposes. Not less than 85 percent of the taxes collected under and by virtue
of this article shall be expended for forest protection. No portion of the...
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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...
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9-17-24
Section 9-17-24 Notification requirement; hearing; fees; Alabama Oil and Gas Board Special
Fund. (a) Any person desiring or proposing to drill any well in search of oil or gas or any
person proposing to drill a Class II injection well as defined in the Federal Safe Drinking
Water Act, 42 U.S.C. ยง 300f et seq., before commencing the drilling of any such well, shall
notify the State Oil and Gas Supervisor upon the form as the State Oil and Gas Supervisor
may prescribe and shall pay to the State Treasurer a fee of three hundred dollars ($300) for
each well. The drilling of any well is hereby prohibited until notice is given and the fee
has been paid as herein provided. The State Oil and Gas Supervisor shall have the power and
authority to prescribe that the form indicate the exact location of the well, the name and
address of the owner, operator, contractor, driller, and any other person responsible for
the conduct of drilling operations, the proposed depth of the well, the elevation of...
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2-3A-55
Section 2-3A-55 Refunding bonds. Pursuant to the provisions of Amendment 619 and this
article, the authority may, at any time and from time to time, issue for the state refunding
bonds of the state for the purpose of refunding any or all of the bonds authorized by the
aforesaid amendment then outstanding (including any refunding bonds that may have been previously
issued), whether such refunding shall occur before, at or after the maturity of the bonds
to be refunded. In the discretion of the authority, refunding bonds may be issued in exchange
for such outstanding bonds or they may be sold and the proceeds thereof applied to the purchase,
redemption or payment of such outstanding bonds. Refunding bonds to be issued in exchange
for such outstanding bonds shall not be issued in a principal amount greater than the principal
amount of the bonds to be refunded. Refunding bonds to be sold pursuant hereto may be issued
in such principal amount or amounts as shall be determined by said...
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45-30-250.06
Section 45-30-250.06 Additional powers and rights. (a) The authority, in addition to
all other powers now or hereafter granted by law, shall have the following powers and rights:
(1) To borrow money for use for any of its corporate purposes. (2) To sell, transfer, convey,
grant options to purchase, or lease all or any part of its system or systems for consideration
and on terms deemed advisable and in the best interest of the authority. (3) To consent and
agree to the assignment or payment of any income received from the investment of any moneys
or funds of the authority to any other public corporation or public entity, including, without
limitation, the county or the state. (4) To loan or advance its funds to any person with or
without interest as it shall determine, for the purpose of financing the construction of a
system or any part thereof. (5) To contract with others for the construction of all or any
part of a system or systems. (b) The moneys held in any special fund...
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36-18-32
Section 36-18-32 DNA Database Fund. (a) There is hereby established a special fund to
be known as the Alabama DNA Database Fund. (b) The fund shall be placed under the management
or administration of the Director of the Alabama Department of Forensic Sciences for the exclusive
purposes of implementing the provisions of this article. (c) The fund shall consist of all
moneys received by the director pursuant to the provisions of this section. (d) The
director shall have control of those funds as shall not be inconsistent with the provisions
of this article and with the laws of the State of Alabama. (e) Monies deposited in the Alabama
DNA Database Fund may be expended by the Director of the Alabama Department of Forensic Sciences
in accordance with the provisions of this article. The investment of monies in the fund by
the State Treasurer shall remain in the Alabama DNA Database Fund. At the end of each fiscal
year any unexpended or unencumbered monies shall remain in the fund. However,...
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41-10-44.9
Section 41-10-44.9 Establishment of tax increment funds. In order to provide a method
of financing project costs other than by the issuance of project obligations payable from
the amounts required to be paid by an approved company under a financing agreement, the authority
may establish one or more tax increment funds with respect to a project, into which the authority
and an approved company may agree that the approved company will deposit either or both of
the following: (i) an annual amount equal to the amount of corporate income tax levied by
Section 40-18-31 that otherwise would be owed by the approved company on its income
generated by or arising from such project, and (ii) the aggregate job development fees withheld
by the approved company as provided in Section 41-10-44.7. The authority may also arrange
for any gifts, grants, loans, appropriations or other forms of aid from the federal or state
governments or from any other public or private entity to be paid into a tax...
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41-14A-2
Section 41-14A-2 Definitions. As used in this chapter, the following words and terms
shall have the following meanings: (1) AVERAGE MONTHLY BALANCE OF PUBLIC DEPOSITS. The sum
of the average daily balances of public deposits, meaning the net average daily balances of
public deposits determined without any deduction for deposit insurance, for the reported month
and the 11 months preceding that month, divided by 12. (2) BOARD OF DIRECTORS or BOARD. The
Board of Directors of the SAFE Program established under Section 41-14A-6. The board
of directors shall consist of eight members. (3) COLLATERAL-PLEDGING LEVEL or COLLATERAL-PLEDGING
REQUIREMENT. The percentage or percentages of collateral, in relation to one or more levels
of public deposits held, required to be pledged by a qualified public depository as determined
in accordance with the provisions of this chapter or rules or orders of the board adopted
pursuant to this chapter. (4) COVERED PUBLIC ENTITY. The state and its political...
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45-29-140.06
Section 45-29-140.06 Financial powers and rights. (a) The authority organized or operating
pursuant to this article, in addition to all other powers now or hereafter granted by law,
shall have the following powers and rights: (1) To borrow money for use for any of its corporate
purposes. (2) To sell, transfer, convey, grant options to purchase, or lease all or any part
of its system or systems for such consideration and on such terms as it shall deem advisable
and in the best interest of the authority. (3) To consent and agree to the assignment or payment
of any income received from the investment of any moneys of funds of the authority to any
other public corporation or public entity including, without limitation, the county or the
State of Alabama. (4) To loan or advance its funds to any person at such, if any, interest
as it shall determine, for the purpose of financing the construction of a system or any part
thereof. (5) To contract with others for the construction of all or any...
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