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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
41-29-505
Section 41-29-505 Deposit and investment of and disbursements from bond proceeds. (a) The proceeds
of all bonds, other than refunding bonds, issued by the authority remaining after paying expenses
of their issuance, shall be deposited in the state treasury and shall be carried in the state
treasury in a special or separate account or accounts. Such funds shall be subject to be drawn
upon by the authority, but any funds so withdrawn shall be used solely for the purposes for
which the bonds were issued as authorized in this article. (b) The state treasurer, with the
approval of the secretary of the authority, shall invest funds not needed by the authority
within the ensuing thirty days for any purpose for which they are held, which investments
shall be made in the manner authorized and provided for in Section 36-17-18. The state treasurer
and the authority may apply so much as may be necessary from the earnings on said investments
toward satisfaction of the arbitrage rebate requirements...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-29-505.htm - 1K - Match Info - Similar pages
41-5A-6
Section 41-5A-6 Chief examiner - Recovery audits for overpayments of state funds. (a) For the
purposes of this section, the following words have the following meanings: (1) CHIEF EXAMINER.
The Chief Examiner of Public Accounts. (2) OVERPAYMENT. Any payment in excess of amounts due
and includes failure to meet eligibility requirements, failure to identify third party liability
where applicable, any payment for an ineligible good or service, any payment for a good or
service not received, duplicate payments, invoice and pricing errors, failure to apply discounts,
rebates, or other allowances, failure to comply with contracts or purchasing agreements, or
both, failure to provide adequate documentation or necessary signatures, or both, on documents,
or any other inadvertent error resulting in overpayment. (3) RECOVERY AUDIT. A financial management
technique used to identify overpayments made by a state agency with respect to individuals,
vendors, service providers, and other entities in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-5A-6.htm - 8K - Match Info - Similar pages
5-13B-131
Section 5-13B-131 Establishment of interstate branches in this state by out-of-state foreign
banks. (a) Except as provided in subsection (b), an out-of-state foreign bank may establish
an interstate Alabama state branch in the same manner, including by merger or other transactions
under Section 44 of the Federal Deposit Insurance Act, and comparable provisions of the laws
of this state, with Alabama banks or other institutions, as, and subject generally to the
same criteria, standards, conditions, requirements, and procedures applicable to the establishment
of interstate branches in this state by, an out-of-state bank having the same home state in
the United States, notwithstanding any provision of the laws or regulations of this state
to the contrary. (b) Notwithstanding the provisions of subsection (a), the superintendent:
(1) Shall apply to the establishment of an initial interstate Alabama state branch, and subsequent
intrastate Alabama branches, of any out-of-state foreign bank...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-131.htm - 2K - Match Info - Similar pages
16-12-17
Section 16-12-17 Payroll of city superintendent. The city superintendent of schools shall,
at such times and in such manner as directed by the city board of education, under the rules
and regulations promulgated by the State Superintendent of Education, prepare his payroll
or payrolls for the payment of teachers, employees, bills and other items authorized by the
city board of education. No public funds must be paid out by the city treasurer except on
an order signed by the chairman of the city board of education, accompanied by a certificate
of the city superintendent of schools that the payroll or order is correct, due and unpaid.
(School Code 1927, §233; Code 1940, T. 52, §191.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-12-17.htm - 1003 bytes - Match Info - Similar pages
16-64-3
Section 16-64-3 Certification of residency; evaluation of connections with State of Alabama.
(a) An individual claiming to be a resident for purposes of this chapter shall certify by
a signed statement each of the following: (1) A specific address or location within the State
of Alabama as his or her residence. (2) An intention to remain at this address indefinitely.
(3) Possession of more substantial connections with the State of Alabama than with any other
state. (b) Though certification of an address and an intent to remain in the state indefinitely
shall be prerequisites to establishing status as a resident, ultimate determination of that
status shall be made by the institution by evaluating the presence or absence of connections
with the State of Alabama. This evaluation shall include the consideration of all of the following
connections. (1) Consideration of the location of high school graduation. (2) Payment of Alabama
state income taxes as a resident. (3) Ownership of a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-64-3.htm - 2K - Match Info - Similar pages
27-32-23
Section 27-32-23 Deposit of moneys collected. The moneys collected by the commissioner in a
proceeding under this chapter shall be from time to time deposited in one or more state or
national banks, savings banks, or trust companies; and, in the case of the insolvency or voluntary
or involuntary liquidation of any such depositary which is an institution organized and supervised
under the laws of this state, such deposits shall be entitled to priority of payment on an
equality with any other priority given by the banking laws of this state. The commissioner
may, in his discretion, deposit such moneys, or any part thereof, in a national bank or trust
company as a trust fund. (Acts 1971, No. 407, p. 707, §642.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-32-23.htm - 1K - Match Info - Similar pages
35-12-77
Section 35-12-77 Payment or delivery of abandoned property. (a) Except for property held in
a safe deposit box or other safekeeping depository, upon filing the report required in Section
35-12-76, the holder of property presumed abandoned shall pay, deliver, or cause to be paid
or delivered to the Treasurer the property described in the report as unclaimed, but if the
property is an automatically renewable deposit, and a penalty or forfeiture in the payment
of interest would result, the time for compliance is extended until a penalty or forfeiture
would no longer result. (b) Tangible property held in a safe deposit box or other safekeeping
depository shall be delivered to the Treasurer within 120 days after filing the report required
in Section 35-12-76. (c) If the property reported to the Treasurer is a security or security
entitlement under Article 8 of Title 7, the Uniform Commercial Code, the Treasurer is an appropriate
person to make an indorsement, instruction, or entitlement...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-12-77.htm - 2K - Match Info - Similar pages
5-24-1
Section 5-24-1 Definitions. In this chapter: (1) ACCOUNT means a contract of deposit between
a depositor and a financial institution, and includes a checking account, savings account,
time deposit, certificate of deposit, and share account. (2) AGENT means a person authorized
to make account transactions for a party. (3) BENEFICIARY means a person named as one to whom
sums on deposit in an account are payable on request after death of all parties or for whom
a party is named as trustee. (4) DEVISEE means any person designated in a will to receive
a testamentary disposition of real or personal property. (5) FINANCIAL INSTITUTION means an
organization authorized to do business under state or federal laws relating to financial institutions,
and includes a bank, trust company, savings bank, building and loan association, savings and
loan company or association, and credit union. (6) HEIRS means those persons, including surviving
spouse, who are entitled under the statutes of intestate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-24-1.htm - 4K - Match Info - Similar pages
9-9-16
Section 9-9-16 Board of water management commissioners - Election of district treasurer. The
board of water management commissioners shall elect some competent person, corporation or
partnership as district treasurer, whose duty it shall be to receive all moneys derived from
tax collections, the sale of bonds or from any other source and to disburse the same in accordance
with the provisions of this article. The secretary shall also be eligible for the office of
treasurer. The said treasurer shall be required before entering upon the discharge of his
duties to give bond in such manner as shall be fixed by the board of water management commissioners,
payable to the water management district conditioned that he will well and truly account for
and pay out as provided by law all moneys received by him from whatever source, which bond
shall be signed by at least two sureties approved and accepted by said board of water management
commissioners. Said treasurer shall keep all funds received...
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