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41-4-16
Section 41-4-16 Consent of department prerequisite to issuance of securities by state
commissions, authorities, etc.; exceptions. No bonds or other evidences of indebtedness of
any commission or authority created to construct or reconstruct highway bridges, approaches
and appurtenances thereto, any state rural electrification authority, any electric membership
corporation, any power district, or any improvement authority shall be issued or sold until
the consent to the issuance and sale thereof shall have been given by the Department of Finance,
to be evidenced by the written approval of the Director of Finance. Such consent shall be
granted only after a public hearing and after a petition requesting such consent has been
duly filed by the corporation, authority, district, commission, or other body seeking such
consent with the department more than five days before the public hearing. The petition shall
specify the plan or program of the body seeking the consent and the uses to which...
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41-4-400
Section 41-4-400 Division created; powers and duties; director. (a) There shall be established
within the Department of Finance the Division of Construction Management. The division shall
have full power and authority for, and on behalf of, the State of Alabama to do any or all
of the following: (1) To acquire lands by purchase, condemnation, or otherwise. (2) To plan
for the construction, repair, remodeling, enlargement, renovation, furnishing, refurnishing,
improvement, or relocation of buildings, structures, and facilities for state departments,
boards, bureaus, commissions, agencies, and offices. (3) To set policies, procedures, and
guidelines for the design, construction, renovation, equipment, furnishing, maintenance, and
improvement of all property now owned or hereafter acquired by the state or any institution
or agency thereof. (4) To construct, repair, equip, remodel, enlarge, renovate, furnish, refurnish,
improve, and locate buildings, structures, and facilities for the use...
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11-54-80
Section 11-54-80 Definitions. Wherever used in this division, unless a different meaning
clearly appears in the context, the following terms shall be given the following respective
meanings: (1) INDUSTRIAL DEVELOPMENT BOARD or BOARD. Any industrial development board organized
pursuant to the provisions of this division. (2) MUNICIPALITY. Any incorporated city or town
in this state with respect to which an industrial development board may be organized. (3)
PROJECT. a. Any land and any building or other improvement thereon and all real and personal
properties deemed necessary in connection therewith, whether or not now in existence, which
shall be suitable for use by any one of the following or by any combination of two or more
thereof: 1. Any industry for the manufacturing, processing or assembling of any agricultural,
manufactured or mineral products. 2. Any commercial enterprise in storing, warehousing, or
distributing any products of agriculture, mining, or industry, or providing...
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40-9B-4
Section 40-9B-4 Authorization of abatement. (a) Noneducational ad valorem taxes, construction
related transaction taxes, except those local construction related transaction taxes levied
for educational purposes or for capital improvements for education, and mortgage and recording
taxes, or payments required to be made in lieu thereof, and in the case of a qualifying industrial
or research enterprise described in Section 40-9B-3(a)(10)e. which is owned by an entity
organized under Chapter 6 of Title 37, or by an authority both organized and existing pursuant
to Chapter 50A of Title 11, and subject to the payments required to be made in lieu of ad
valorem, sales, use, license, and severance taxes imposed by Section 11-50A-7, in addition
to the foregoing, all other ad valorem taxes, or payments required to be made in lieu thereof,
imposed by the state, counties, municipalities, and other taxing jurisdictions of Alabama,
may be abated with respect to private use industrial property and...
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23-1-178
Section 23-1-178 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other
than refunding bonds, issued by the corporation remaining after paying the expenses of their
issuance shall be deposited in the State Treasury and credited to the Road and Bridge Fund,
and shall be subject to be drawn on by the corporation, upon the approval of the State Department
of Transportation, but solely for the purpose of constructing, reconstructing , or relocating
public roads and bridges, or work incidental or related thereto, including the acquisition
of property necessary therefor, in the State of Alabama; provided, that such funds may be
used only for payment of the state's share or the costs thereof to be paid by any county or
municipality within the state, of the cost of constructing, reconstructing, or relocating
public roads and bridges, or work incidental or related thereto, which have been or will be
constructed, reconstructed, or relocated under programs financed jointly by the...
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23-7-2
Section 23-7-2 Definitions. For the purposes of this chapter, the following words shall
have the following meanings: (1) BANK. The Alabama Transportation Infrastructure Bank. (2)
BOARD. The board of directors of the bank. (3) BONDS. Includes bonds, notes, or other evidence
of indebtedness except as otherwise provided in this chapter. (4) DEPARTMENT or DEPARTMENT
OF TRANSPORTATION. The Alabama Department of Transportation. (5) ELIGIBLE COST. As applied
to a qualified project to be financed from the federal highway account, the costs that are
permitted under applicable federal laws, requirements, procedures, and guidelines in regard
to establishing, operating, and providing assistance from the bank. As applied to a qualified
project to be financed from the state highway account, these costs include the costs of preliminary
engineering, traffic, and revenue studies; environmental studies; right-of-way acquisition;
legal and financial services associated with the development of the...
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41-10-54
Section 41-10-54 Powers of authority generally; acquisition by eminent domain of real
property or rights owned by railroads or utilities not authorized. (a) The authority shall
have the following powers: (1) To have succession by its corporate name until it is dissolved;
(2) To adopt bylaws for the regulation of its affairs and the conduct of its business; (3)
To adopt and use an official seal and alter the same at pleasure; (4) To maintain a principal
office in Jefferson County, Alabama, and suboffices at such places within the state as it
may designate; (5) To sue and be sued and to prosecute and defend civil actions in any court
having jurisdiction of the subject matter and of the parties; (6) To acquire by purchase,
gift, condemnation or any other lawful means any real, personal or mixed property necessary
or convenient in connection with the purpose for which the authority is formed and to hold
title to such property, together with all rights incidental to its estate in such...
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9-10-5
Section 9-10-5 Powers and duties generally. The corporation organized and established
under this article shall have the following powers, subject only to the limitations described
hereinafter: (1) To adopt bylaws for the regulation of its affairs and the conduct of its
business; (2) To adopt, use and alter a corporate seal which shall be judicially noticed;
(3) To maintain a principal office at a place named in its papers of incorporation and a suboffice
or suboffices at such places as it may deem necessary; (4) To enter into such contracts and
cooperative agreements with federal, state and local governments, with agencies of such governments,
with private individuals, corporations and associations and other organizations to do any
act necessary or incidental to the performance of its duties and execution of its powers under
this article; (5) To sue and be sued in its own name; (6) To enter into agreements with the
United States government or its agencies or political subdivisions...
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11-54-178
Section 11-54-178 Powers of authority; location of projects; public meetings. (a) An
authority shall have the following powers, together with all powers incidental thereto or
necessary to the discharge thereof in corporate form: (1) To have succession by its corporate
name for the duration of time (which may be perpetuity, subject to the provisions of Section
11-54-189) specified in its certificate of incorporation. (2) To sue and be sued in its own
name and to prosecute and defend civil actions in any court having jurisdiction of the subject
matter and of the parties. (3) To adopt and make use of a corporate seal and to alter the
same at pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs
and business. (5) To acquire, whether by purchase, construction, exchange, gift, lease, or
otherwise and to refinance existing indebtedness on, improve, maintain, equip, and furnish
one or more projects, including all real and personal properties which the board of...
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11-92C-2
Section 11-92C-2 Definitions. For the purposes of this chapter, the following words
have the following meanings: (1) APPLICANT. A natural person who files a written application
with the governing body of any authorizing subdivision in accordance with Section 11-92C-3.
(2) AUTHORITY. Any local redevelopment authority organized pursuant to this chapter. (3) AUTHORIZING
RESOLUTION. A resolution adopted by the governing body of any authorizing subdivision in accordance
with Section 11-92C-3, which authorizes the incorporation of the authority. (4) AUTHORIZING
SUBDIVISION. Any county or municipality that has adopted an authorizing resolution. (5) BOARD.
The board of directors of an authority. (6) BONDS. Any bonds, notes, certificates, or any
other form of indebtedness representing an obligation to pay money. (7) CONTIGUOUS. Two or
more tracts of land if touching for a continuous distance of not less than 200 feet. The term
shall include tracts of land divided by bodies of water, streets,...
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