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24-9-7
Section 24-9-7 Disposition of tax delinquent properties. (a) The authority shall adopt rules
and regulations for the disposition of property in which the authority holds a legal interest,
which rules and regulations shall address the conditions set forth in this section. (b) The
authority may manage, maintain, protect, rent, repair, insure, alter, convey, sell, transfer,
exchange, lease as lessor, or otherwise dispose of property or rights or interests in property
in which the authority holds a legal interest to any public or private person for value determined
by the authority on terms and conditions, and in a manner and for an amount of consideration
the authority considers proper, fair, and valuable, including for no monetary consideration.
The transfer and use of property under this section and the exercise by the authority of powers
and duties under Act 2013-249 shall be considered a necessary public purpose and for the benefit
of the public. (c) Before the authority may sell,...
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40-18-8
Section 40-18-8 Gain or loss - Recognition. (a) General rule. Except as provided in this section,
upon the sale or exchange of property, the entire amount of the gain or loss determined under
Section 40-18-7 shall be recognized. (b) Exchange of stock for stock of same corporation.
No gain or loss shall be recognized if common stock in a corporation is exchanged solely for
common stock in the same corporation, or if preferred stock in a corporation is exchanged
solely for preferred stock in the same corporation. (c) Like-kind exchanges. If an exchange
of property satisfies the requirements of 26 U.S.C. § 1031, relating to like-kind exchanges,
then the amount of gain or loss recognized in the exchange shall be determined in accordance
with 26 U.S.C. § 1031. (d) Involuntary conversions. If a taxpayer validly elects to determine
the amount of gain recognized for federal income tax purposes under 26 U.S.C. § 1033, relating
to involuntary conversions, the amount of gain recognized shall...
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9-15-81
Section 9-15-81 Criminal and civil actions and penalties for violations of article. Any sale
or lease of real property or any interest therein of the state made in violation of this article
shall be null and void, and the person or persons violating this article shall be subject
to criminal prosecution by the Attorney General. In addition to the prosecution, damages for
loss or injury to the state may be recovered for the State of Alabama by the Attorney General
by civil action in the Circuit Court of Montgomery County. The expenses of investigation,
or litigation and prosecution, or both, under this article shall be reimbursed from funds
recovered to the Attorney General. All other moneys recovered by the Attorney General shall
be deposited in the State General Fund. Violation of this article shall also constitute a
Class C felony punishable as prescribed by law. (Acts 1995, No. 95-280, p. 507, §12.)...
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11-40-33
Section 11-40-33 Costs of demolition. Upon demolition of the building or structure, the appropriate
municipal official shall make a report to the governing body of the cost thereof, and the
governing body shall adopt a resolution fixing the costs which it finds were reasonably incurred
in the demolition and assessing the costs against the property. The proceeds of any moneys
received from the sale of salvaged materials from the building or structure shall be used
or applied against the cost of demolition. Any person, firm, or corporation having an interest
in the property may be heard at the meeting as to any objection to the fixing of the costs
or the amounts thereof. The municipal clerk of the municipality shall give notice of the meeting
at which the fixing of the costs is to be considered by first-class mail to all entities having
an interest in the property whose address and interest is determined from the tax collector's
or revenue commissioner's records on the property or is...
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16-13-96
Section 16-13-96 Sale - Generally. All warrants issued hereunder shall be sold to the highest
bidder at public sale unless sold at a better price within 30 days after failure to receive
any acceptable bid at a duly advertised public sale in accordance with this section. A public
sale shall be either on sealed bids or at auction. Bidders may be invited to name the rate
or rates of interest which the warrants are to bear or the board of education may name a rate
or rates of interest and invite bids thereon. The notice of a public sale shall state whether
the sale is to be on sealed bids or at auction and shall also state the amount of the warrants
to be sold, the maturities thereof, whether county or district tax is to be pledged, the amount
payable at each maturity and either the rate or rates of interest which the warrants are to
bear or that the bidders are invited to name the rate or rates of interest and shall also
state the time and place of the meeting of the board of education at...
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11-53A-25
Section 11-53A-25 Fixing costs of demolition; city to obtain lien. Upon demolition of the building
or structure, the appropriate city official shall make a report of the governing body of the
costs thereof, and the governing body shall adopt a resolution fixing the costs which it finds
were reasonably incurred in the demolition and assessing the same against the property. The
proceeds received from the sale of salvaged materials from the building or structure shall
be used or applied against the cost of demolition. Any person, firm, or corporation having
an interest in the property may be heard at the meeting as to any objection he or she may
have to the fixing of the cost or the amounts thereof. The city clerk shall give not less
than five days' notice of the meeting at which the fixing of the costs are to be considered,
by first-class mail to the last known address of the owner. The fixing of the costs by the
governing body shall constitute a special assessment against the lot or...
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16-61-4
Section 16-61-4 Challenge grant money; accounting methods. Such challenge grants shall be matched
by the university's foundation on a basis of $3.00 of contributions and accrued interest thereon,
received by said university's foundation for every $2.00 in challenge grant money from the
Alabama Trust Fund for Eminent Scholars. Matching funds shall come from contributions, and
accrued interest thereon, received by such university's foundation after October 1, 1985,
which are for the eminent scholars fund or from unpledged contributions, and accrued interest
thereon, received by such university's foundation. Each university's foundation shall establish
an Eminent Scholars Fund account for each grant, which shall serve as the depository for funds
received pursuant to this chapter. State matching funds in the amount of $400,000.00 shall
be transferred by the Alabama Commission on Higher Education to a university's foundation
within 90 days of notification, by such university's foundation to...
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23-1-366
Section 23-1-366 Disbursement of state appropriated funds; exception as to funds deposited
in Surplus Military Fields Fund. (a) The distributions, expenditures, withdrawals, and disbursements
of any state appropriated funds in the State Treasury to the credit of, or under the supervision
and control of, the department as specified by this article shall be only in the amounts and
for the purpose as provided in the general appropriation bill, and any and all expenses incurred
by the department in the administration of laws, rules, and regulations pertaining to aeronautics
shall be budgeted, allotted, and expended pursuant to Article 4 of Chapter 4 of Title 41.
(b) Subsection (a) shall not be construed to apply to any funds deposited into the Surplus
Military Fields Fund pursuant to any sale or lease of property deeded to the state by the
United States of America. The use of funds shall be governed by any restrictions or agreements
imposed by the government of the United States or its...
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40-5-15
Section 40-5-15 Levy and sale of personal property - Application and disposition of proceeds.
The proceeds arising from such sale shall be applied to the payment of the expenses of the
sale and of the taxes, interest, and fees due from such taxpayer, and any balance remaining
shall be paid to the owner of the property, if present at the sale; if not present or if present
and he refuses to receive the same, the collector shall deposit such balance with the county
treasurer or, if there is no county treasurer, with such officer entrusted with the county
funds, taking a receipt therefor, and the same shall be kept as a special fund; and, whenever
the owner shall apply to the collector for such balance, the collector shall deliver to him
the receipts therefor, and upon presentation thereof by such owner, the officer with whom
such deposit was made shall pay to him the amount expressed in the receipt. But if such excess
is not called for in three years after such sale by the person entitled...
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6-6-684
Section 6-6-684 Entry of judgment in favor of sheriff or coroner. (a) Judgment must, in like
manner, be summarily entered in favor of the sheriff or coroner, on three days' notice of
the pendency of the action: (1) Against the obligors on bonds given to indemnify such officer
for levying an execution or attachment or for making sale of property so levied on or attached
after judgment against him for making such levy or sale, for the amount entered against such
officer, with interest from the date of judgment against him. (2) Against the deputy of the
sheriff or coroner and his sureties, or either of them, for the amount of any judgment entered
against the sheriff or coroner for the default of such deputy, with interest from date of
judgment against him. (b) Judgment must, in like manner, be summarily entered in favor of
the sheriff, on three days' notice, against the judge of probate, for the amount of any fees
received by him for such sheriff for the service of citations, notices, or...
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