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41-16A-8
Section 41-16A-8 Investment status of contracts. Alternative financing contracts or any interest
therein shall be a legal and authorized investment for banks, savings and loan associations,
insurance companies, fiduciaries, and trustees. (Acts 1993, No. 93-261, p. 389, §8.)...
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7-9A-102
term includes: (A) proceeds to which a security interest attaches; (B) accounts, chattel paper,
payment intangibles, and promissory notes that have been sold; and (C) goods that are the
subject of a consignment. (13) "Commercial tort claim" means a claim arising in
tort with respect to which: (A) the claimant is an organization; or (B) the claimant is an
individual and the claim: (i) arose in the course of the claimant's business or profession;
and (ii) does not include damages arising out of personal injury to or the death
of an individual. (14) "Commodity account" means an account maintained by a commodity
intermediary in which a commodity contract is carried for a commodity customer. (15) "Commodity
contract" means a commodity futures contract, an option on a commodity futures contract,
a commodity option, or another contract if the contract or option is: (A) traded on or subject
to the rules of a board of trade that has been designated as a contract market for such a
contract...
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41-16A-5
contract, (ii) in the event the governmental entity shall fail to return the subject property
to the grantor party as described in clause (i), the grantor party shall have the right to
take possession of the subject property, (iii) in taking possession of the subject property,
a grantor party may proceed without judicial process if this can be done without breach of
the peace or may proceed by action, and/or (iv) without removal, the grantor party may render
subject property constituting personal property or fixtures unusable and may dispose
of the same on the governmental entity's premises. (b) If an alternative financing contract
contains the terms contained in subdivision (a)(11) hereof, such alternative financing contract
shall be deemed to obligate the governmental entity thereunder only for those sums payable
during the then current fiscal year of such governmental entity, including in the case of
a renewable alternative financing contract for those sums payable in the...
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23-6-1
Section 23-6-1 Definitions. Where used in this chapter the following words and terms shall
be given the following respective meanings unless the context hereof clearly indicates otherwise:
(1) BOARD OF DIRECTORS. The board of directors of the corporation. (2) CODE. The Code of Alabama
1975, as amended. (3) CORPORATION. The public corporation authorized to be created by this
chapter. (4) GOVERNMENT SECURITIES. Any bonds or other obligations which as to principal and
interest constitute direct obligations of, or are unconditionally guaranteed by, the United
States of America, including obligations of any federal agency to the extent such obligations
are unconditionally guaranteed by the United States of America and any certificates or any
other evidences of an ownership interest in such obligations of, or unconditionally guaranteed
by, the United States of America or in specified portions thereof (which may consist of the
principal thereof or the interest thereon). (5) INDUSTRIAL ACCESS...
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41-10-541
such obligations, and which meet the greater of 100% collateralization or the "AA"
collateral levels established by Standard & Poor's Rating Group for structured financings;
and h. Uncollateralized investment agreements with, or certificates of deposit issued by banks
or bank holding companies, the senior long-term securities of which are rated at least "AA"
by Standard & Poor's Rating Group and at least "Aa" by Moody's Investors Service.
(11) FINANCED PROPERTY. All property whether real, personal, or mixed, the costs of
which were or are to be paid or reimbursed in whole or in part with the proceeds of bonds
of the authority or the proceeds of authority-guaranteed obligations. (12) FINANCING AGREEMENT.
Any loan, lease, agreement, grant agreement, financing agreement, credit agreement, security
agreement, mortgage, indenture, guaranty agreement, or other type of agreement entered into
by the authority in connection with the incurring of authority obligations. (13) FUNDING AGREEMENT....
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41-10-451
Section 41-10-451 Definitions. (1) AUTHORITY. The public corporation organized pursuant to
the provisions of this article. (2) BONDS. Those bonds, including refunding bonds, authorized
to be issued by the authority pursuant to act of the Legislature. (3) GOVERNMENT SECURITIES.
Any bonds or other obligations which as to principal and interest constitute direct obligations
of, or are unconditionally guaranteed by, the United States of America, including obligations
of any federal agency to the extent such obligations are unconditionally guaranteed by the
United States of America and any certificates or any other evidences of an ownership interest
in such obligations of, or unconditionally guaranteed by, the United States of America or
in specified portions thereof (which may consist of the principal thereof or the interest
thereon). (4) PERMITTED INVESTMENTS. (i) Government securities; (ii) bonds, debentures, notes
or other evidences of indebtedness issued by any of the following...
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16-18B-2
Section 16-18B-2 Definitions. Where used in this article the following words and terms shall
be given the following respective meanings unless the context hereof clearly indicates otherwise:
(1) AMENDMENT. The amendment to the constitution of the state authorizing the issuance of
the bonds. (2) CORPORATION. The public corporation authorized to be created by this article.
(3) BOARD OF DIRECTORS. The board of directors of the corporation. (4) BONDS. The bonds issued
under this article. (5) CODE. The Code of Alabama 1975, as amended. (6) GOVERNMENT SECURITIES.
Any bonds or other obligations which as to principal and interest constitute direct obligations
of, or are unconditionally guaranteed by, the United States of America, including obligations
of any federal agency to the extent such obligations are unconditionally guaranteed by the
United States of America and any certificates or any other evidences of an ownership interest
in such obligations of, or unconditionally guaranteed by, the...
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41-10-622
Section 41-10-622 Definitions. When used in this division, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) APPROPRIATED FUNDS.
The tobacco revenues deposited in the special fund to the extent such revenues are appropriated
to the authority pursuant to Section 41-10-630. (2) AUTHORITY. The Alabama 21st Century Authority
authorized to be established pursuant to Section 41-10-623. (3) BONDS. Those bonds, including
refunding bonds, issued pursuant to this division. (4) GOVERNMENT SECURITIES. Any bonds or
other obligations which as the principal and interest constitute direct obligations of, or
are unconditionally guaranteed by, the United States of America, including obligations of
any federal agency to the extent such obligations are unconditionally guaranteed by the United
States of America and any certificates or any other evidences of an ownership interest in
such obligations of, or unconditionally guaranteed by, the United...
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9-14A-3
Section 9-14A-3 Definitions. Where used in this chapter the following words and terms shall
be given the following respective meanings unless the context hereof clearly indicates otherwise:
(a) AMENDMENT. Amendment 617 to the Constitution of Alabama of 1901, authorizing the issuance
of the bonds. (b) CORPORATION. The respective public corporations authorized to be created
by this chapter. (c) BOARD OF DIRECTORS. The respective board of directors of the corporations.
(d) BONDS. The bonds issued under the provisions of this chapter. (e) CODE. The Code of Alabama
1975, as amended. (f) GOVERNMENT SECURITIES. Any bonds or other obligations which as to principal
and interest constitute direct obligations of, or are unconditionally guaranteed by, the United
States of America, including obligations of any federal agency to the extent the obligations
are unconditionally guaranteed by the United States of America and any certificates or any
other evidences of an ownership interest in such...
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41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST FUND.
The trust fund of the state created under Amendment 450 to the Constitution of Alabama of
1901, and appearing as §219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-759.
(3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established pursuant
to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued pursuant to
this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement of
economic damages claims of the state against BP Exploration and Production, Inc. and any of
its corporate affiliates arising out of the Deepwater Horizon oil spill...
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