41-29-270
Section 41-29-270 Administration of boards. The administration of Workforce Investment Board and Local Workforce Investment Boards administered by the Department of Economic and Community Affairs before the date determined pursuant to Section 41-29-6 is transferred to the Workforce Development Division of the Department of Commerce and, on the date determined pursuant to Section 41-29-6, the boards shall be administered through the Workforce Development Division of the department. (Act 2015-450, §8.)...
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40-14B-7
Section 40-14B-7 Development Office opinion as to proposed investments. (a) A certified capital company may, before making an investment in a business, request from the Alabama Development Office a written opinion as to whether the business in which it proposes to invest is a qualified technology business. (b) The Alabama Development Office shall, not later than the 15th business day after the date of the receipt of a request under subsection (a), determine whether the business meets the definition of a qualified technology business, and notify the certified capital company of the determination and an explanation of its determination or notify the certified capital company that an additional 15 days will be needed to review and make the determination. (c) If the Alabama Development Office fails to notify the certified capital company with respect to the proposed investment within the period specified by subsection (b), the business in which the company proposes to invest is considered...
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35-8B-3
Section 35-8B-3 Sale and distribution of alcoholic beverages within district. (a) If a majority of the board of control of a community development district formed under Section 35-8B-1(a), (b), or (d) consents to and approves the sale and distribution of alcoholic beverages within the district, it shall be lawful to sell and distribute alcoholic beverages in the community development district in the following manner and subject to the following terms, definitions, and conditions: (1) Upon being licensed by the Alabama Alcoholic Beverage Control Board, alcoholic beverages may be sold by the club of the district to members and their guests for on-premises consumption only. The club shall be licensed to sell alcoholic beverages to its members and their guests as a club liquor retail licensee by the Alabama Alcoholic Beverage Control Board, upon the club's compliance with the provisions of the alcoholic beverage licensing code and the regulations made thereunder. The original application...
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41-23-252
Section 41-23-252 Definitions. For the purpose of this article, the following words and phrases shall have the following meanings: (1) ADECA. The Alabama Department of Economic and Community Affairs. (2) ALABAMA RESEARCH ENTITY. One or more of the following: a. A public or private university in the state. b. A university research foundation affiliated with a public or private university in the state. c. A public two-year college in the state. d. A publicly owned hospital in the state. e. An entity duly formed, domiciled, or qualified to do business in the state that meets each of the following criteria: 1. Is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. 2. Is predominantly engaged in research and non-commercial development activities undertaken for the purpose of discovering information that is technological or biotechnological in nature, involves a process of experimentation, and the application of which is intended to be...
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41-29-260
Section 41-29-260 Transfer of programs. All of the workforce programs administered by the Department of Economic and Community Affairs before the effective date of the act adding this section shall be transferred to the Department of Commerce and administered by the Workforce Development Division of the Department of Commerce including, but not limited to, programs administered through the federal Workforce Investment Act, Alabama Career Centers, Incumbent Worker Training Program, On-the-Job Training Program, Individual Training Account, Rapid Response Team, youth programs, eligible training provider list, Mentor Alabama, the Alabama Community Partnership for Recovery and Reentry, National Emergency Grant-Occupational Skills Training for Dislocated Workers, and the Alabama Disability Employment Initiative. (Act 2015-450, §8.)...
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41-29-5
Section 41-29-5 Reorganization of department. On the date determined pursuant to Section 41-29-6, the Department of Commerce shall be reorganized into two divisions that shall have the functions prescribed as follows: (1) The Business Development Division shall be responsible for all of the functions of the Department of Commerce as it existed before date determined pursuant to Section 41-29-6, including, but not limited to, small business advocacy; the functions performed by the Alabama Small Business Commission, created and functioning pursuant to Section 41-29-240 and international trade. (2) The Workforce Development Division shall be comprised of the following entities which shall report to the Deputy Secretary of the division: The Workforce Development Division and Workforce Investment Division of the Department of Economic and Community Affairs, formerly Chapter 23 of Title 41, the Alabama Industrial Development and Training Institute, formerly functioning pursuant to Sections...
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22-25B-3
Section 22-25B-3 Responsibilities of wastewater management entities. (a) No person, firm, corporation, or other legal entity shall operate as a wastewater management entity without full compliance with this chapter and rules promulgated hereunder. (b) Every cluster and community wastewater system shall be operated by a wastewater management entity as authorized under this chapter. Wastewater management entities shall be subject to such operational permits as may be issued by the department and such certificates as may be issued by the PSC. (1) A PSC certificate of financial viability shall be valid for a period of two years from the date of issuance. A new certificate of financial viability is required when a wastewater management entity is issued a new operational permit by the department or when an operational permit is modified by the department. (2) An operational permit for a cluster or community wastewater system issued by the department shall be valid for a period of five years...
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40-14B-11
Section 40-14B-11 Annual review; decertification. (a) The Alabama Development Office shall conduct an annual review of each certified capital company to: (1) Ensure that the company continues to satisfy the requirements of this chapter and that the company has not made any investment in violation of this chapter. (2) Determine the eligibility status of its qualified investments. (b) The cost of the annual review shall be paid by each certified capital company according to a reasonable fee schedule adopted by the Alabama Development Office. (c) A material violation of Sections 40-14B-6, 40-14B-8, or 40-14B-9 is grounds for decertification of the certified capital company. If the Alabama Development Office determines that a company is not in compliance with Sections 40-14B-6, 40-14B-8, or 40-14B-9, the director shall notify the officers of the company in writing that the company may be subject to decertification after the 120th day after the date of mailing of the notice, unless the...
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40-14B-8
Section 40-14B-8 Report upon receipt of certified capital; annual report; financial statement. (a) Each certified capital company shall report to the Alabama Development Office as soon as practicable after the receipt of certified capital the following: (1) The name of each certified investor from whom the certified capital was received, including the certified investor's insurance premium tax identification number. (2) The amount of each certified investor's investment of certified capital and premium tax credits. (3) The date on which the certified capital was received. (b) Not later than January 31 of each year, each certified capital company shall report to the Alabama Development Office all of the following: (1) The amount of the company's certified capital at the end of the preceding year. (2) Whether or not the company has invested more than 15 percent of its total certified capital in any one business. (3) Each qualified investment that the company made during the preceding...
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27-27-26
Section 27-27-26 Pecuniary interests of officers, etc., of domestic insurers. (a) No officer or director of a domestic insurer, and no member of any committee or employee of a domestic insurer who is charged with the duty of investing or handling the funds of the insurer, shall do any of the following: (1) Deposit or invest the funds except in the corporate name of the insurer; except, that the insurer may for its convenience hold any equity investment in a street name or in the name of a nominee. (2) Borrow the funds of the insurer. (3) Be pecuniarily interested in any loan, pledge or deposit, security, investment, sale, purchase, exchange, reinsurance, or other similar transaction or property of the insurer except as follows: a. As a stockholder or member of the insurer. b. As a holder or owner of common stock or equity-like preferred stock in any corporation or business entity trading on a national or international stock exchange. c. As a holder or owner of shares of mutual funds,...
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