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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division, 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) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant to
this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which the
payment of debt service referable to bonds, notes, or other evidences of indebtedness of a
development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of the
authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes, or
other evidences of indebtedness of a development agency that are issued solely for the purpose
in financing a project and that are guaranteed, in whole or in part,...
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41-10-420
Section 41-10-420 Legislative intent. The Legislature finds that the Real Estate Commission
has acquired certain real property in Montgomery, Alabama, title to which is in the name of
the State of Alabama, for the purpose of erecting a building to house the offices of the Real
Estate Commission. The Real Estate Commission has also received authority from the Legislature
to expend certain of its funds in the construction of such a facility. The Legislature further
finds that the Real Estate Commission is unable to complete this building project without
additional funding provided through temporary financing arrangements. Therefore, it is in
the best interest of the State of Alabama and Real Estate Commission to establish a public
corporation with the powers and authority necessary to construct and lease to the commission
a facility adequate to serve the needs of the commission. (Acts 1990, No. 90-293, p. 396,
§1.)...
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41-28-1.1
Section 41-28-1.1 Legislative findings. (a) The Legislature finds and declares: (1) The streamlining
and consolidation of governmental functions is a priority and is of great importance to the
economic well-being of the State of Alabama, to its citizens, and to ensuring appropriate
and responsible use of taxpayer funds. (2) The Office of Information Technology was created
in furtherance of the goal to streamline information technology in the state. (3) Effective
utilization of information technology is paramount to reducing the cost of governmental operations
and to serving the citizens of the state. (4) Excellence in support for all state agency information
technology needs is critical to serving the people of Alabama. (b) To implement the findings
in subsection (a), the purpose of Act 2017-282 is to transfer the responsibility and authority
for information technology service delivery from the Department of Finance to the Office of
Information Technology. (Act 2017-282, §1.)...
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29-2-1
Section 29-2-1 Legislative findings and intent. The Legislature hereby finds and declares as
follows: improving the efficiency, cost effectiveness and performance of all branches of government
can only be achieved with proper oversight, accountability, and transparency in government
decision making and processes for service delivery; a long-range program of highway development
and maintenance in Alabama (herein "the state") is vital to the safety of the traveling
public as well as the industrial and agricultural growth of the state; the highway system
in the state must be adequate to meet expanding needs; highway construction, maintenance,
and administration to support such a system should include long-range planning, soundness
in scope of the highway program, efficient performance, and fiscal responsibility in both
policy and planning; the use of a long-range highway program will further the judicious expenditure
of highway funds, will promote the public safety and convenience, will...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/29-2-1.htm - 3K - Match Info - Similar pages
36-18-50
Section 36-18-50 Legislative findings. The Legislature finds, determines, and declares the
following: (1) Driving a vehicle while under the influence of alcohol or a controlled substance
continues to be a major problem on the highways of our state and causes the death or injury
of thousands of our citizens each year. (2) The Legislature should use whatever authority
is available to it to discourage driving a vehicle while under the influence of alcohol or
a controlled substance, including the levying of fines therefor at a level which will discourage
such activity. (3) Administering and implementing a quality chemical testing program for alcohol
and controlled substances is costly for the taxpayers and thus the convicted offender should
bear a greater portion of the financial burden of the chemical testing program at the state
and local level. (4) The chemical breath testing program conducted by this state has reduced
the number of deaths and injuries, and the program continues to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-18-50.htm - 2K - Match Info - Similar pages
5-26-2
Section 5-26-2 Legislative findings. The activities of mortgage loan originators and the origination
or offering of financing for residential real property have a direct, valuable, and immediate
impact upon Alabama's consumers, Alabama's economy, the neighborhoods and communities of Alabama,
and the housing and real estate industry. The Legislature finds that accessibility to mortgage
credit is vital to the state's citizens. The Legislature also finds that it is essential for
the protection of the citizens of Alabama and the stability of Alabama's economy that reasonable
standards for licensing and regulation of the business practices of mortgage loan originators
be imposed. Therefore the Legislature establishes within this chapter: (a) SYSTEM OF SUPERVISION
AND ENFORCEMENT. An effective system of supervision and enforcement of the mortgage lending
industry, including: (i) The authority to issue licenses to conduct business under this chapter,
including the authority to write rules or...
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24-1A-41
Section 24-1A-41 Legislative findings. The Legislature finds that the effects of the global
and national recession are now affecting Alabama's housing industry and adversely affecting
the state's economic development activity. The large number of homes on the market is causing
a reduction in housing starts, resulting in fewer construction jobs and lower tax collections
from the sale of building materials. In addition, the large number of existing homes on the
market is adversely affecting the states economic recovery. The Legislature desires to provide
a stimulus to provide a boost to the housing industry and to facilitate economic development
and industrial recruitment by creating a guarantee fund that would encourage investments in
new thirty-year, fixed-rate conventional mortgage loans through a program administered by
the Alabama Housing Finance Authority. The guarantee fund will reduce the investor's potential
for losses. (Act 2009-284, p. 487,§2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-41.htm - 1K - Match Info - Similar pages
37-4-150
Section 37-4-150 Electric transmission facilities. (a) This section shall be known and may
be cited as the Energy Security Act of 2015. (b) The Legislature hereby finds and declares
that due to the economic, financial, and service impacts associated with the development of
electric transmission facilities used for the furnishing of electric service to consumers
in this state, it is in the public interest to provide incumbent electric suppliers the right
to construct, own, operate, and maintain new transmission facilities that connect to their
own electric systems. The Legislature further finds and declares that providing incumbent
electric suppliers this right furthers their ability to satisfy their respective obligations
to provide service to Alabama consumers. This section implements these findings. (c) As used
in this section, the following words have the following meanings: (1) COMMISSION. The Alabama
Public Service Commission. (2) ELECTRIC TRANSMISSION FACILITY. Any transmission...
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9-7-11
Section 9-7-11 Purpose of chapter; legislative findings. The purpose of this chapter is to
promote, improve and safeguard the lands and waters located in the coastal areas of this state
through a comprehensive and cooperative program designed to preserve, enhance and develop
such valuable resources for the present and future well-being and general welfare of the citizens
of this state. In promulgating such a program, the Legislature of Alabama recognizes and declares
that: (1) The coastal area is rich in a variety of natural, commercial, recreational, industrial
and aesthetic resources of immediate and potential value to the present and future well-being
of the state; (2) There are increasing and competing demands upon the lands and waters of
the coastal area occasioned by population growth and economic development, including requirements
for industry, commerce, residential development, recreation, extraction of mineral resources
and fossil fuels, transportation and navigation, waste...
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41-10-543
Section 41-10-543 Application for incorporation. (a) To become the public corporation herein
authorized, the Governor, the State Treasurer, and the Director of Finance shall present to
the Secretary of State of Alabama an application signed by them which shall set forth all
of the following: (1) The name, official designation, and official residence of each of the
applicants, together with a certified copy of the commission evidencing each applicant's right
to office. (2) The date on which each applicant was inducted into office and the term of office
of each applicant. (3) The name of the proposed public corporation, which shall be "Alabama
Incentives Financing Authority." (4) The location of the principal office of the proposed
corporation, which shall be in the City of Montgomery. (b) The applicants may also include
in the application any other matters which are not inconsistent with this division or with
any of the other laws of the state. The application shall be subscribed and...
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