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45-37-162.01
Section 45-37-162.01 Definitions. For purposes of this part, the following terms have
the following meanings: (1) COUNTY. Jefferson County, Alabama. (2) DEBT. Indebtedness for
borrowed money, whether in the form of bonds, warrants, notes, or other similar instruments
or capitalized leases. (3) OFFICIAL STATEMENT. An official statement, offering memorandum,
placement memorandum, or a similar document prepared for distribution to investors or purchasers
of debt. A preliminary official statement refers to an official statement prepared for distribution
to prospective investors or purchasers, and a final official statement refers to an official
statement prepared for distribution after the final terms of issuance have been determined.
(4) QUALIFIED SWAP PROVIDER. A counterparty as defined in Section 41-1-41. (5) SWAP
AGREEMENT. Either of the following: a. Any interest rate swap agreement, interest rate cap
agreement, interest rate floor agreement, interest rate collar agreement, or any...
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45-37-162.04
Section 45-37-162.04 Public bidding of swap agreements. The county shall competitively
bid all swap agreements using the following procedures: (1) The county shall invite not less
than four qualified swap providers to make independent written proposals to enter into a swap
agreement delivered in person or transmitted electronically. (2) The county shall provide
each potential qualified swap provider a set of bid documents. The bid documents shall be
in the form proposed by the county to be executed and delivered in connection with the swap
agreement. The bid documents shall include all of the terms and conditions customarily included
in such documents and appropriate to the circumstances. The terms of the swap agreement shall
be fully specified, including, without limitation, such terms as payment frequencies, day
counting conventions, method of averaging, reference indices, and similar terms. The bid documents
shall leave blank a single term expressed as an interest rate or monetary...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-162.04.htm - 3K - Match Info - Similar pages
45-37-162.02
Section 45-37-162.02 Notice and hearing. (a) The county may not issue debt unless it
gives notice of the proposed debt issuance as provided in subsection (b) and a hearing is
held as provided in Section 45-37-162.03. The county may not enter into a swap agreement
unless notice of the proposed swap agreement is given as provided in subsection (d), a hearing
is held as provided in Section 45-37-162.03, and competitive bids for the swap agreement
are requested as provided in Section 45-37-162.04. (b) The county shall provide notice
of a public hearing on the proposed issuance of debt. The notice shall be published in a newspaper
of general circulation in the county not less than four days before the public hearing and
shall include a brief description of all of the following information with respect to the
proposed debt: (1) The maximum principal amount of debt to be issued and the purpose or purposes
for which the debt is to be issued. (2) The interest rate or rates on the debt, if...
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11-8A-3
Section 11-8A-3 County government bond financing review form. (a) In addition to any
and all other documents presented for examination and execution of a bond financing agreement
which, for the purposes of this chapter, takes place at the time a county commission makes
an official award of the bonds, the county commission shall execute a county government bond
financing review form. The standard review form shall be prepared by the Department of Examiners
of Public Accounts and shall include statements to the effect that: (1) The county commission
has considered whether it can satisfy its financial obligations for the life of the bonds.
(2) In the case of limited obligation indebtedness, the county commission has identified the
source for the debt service payments for the life of the bonds, and in the case of general
obligation indebtedness, the county commission has indicated that the full faith and credit
of the county has been pledged for the debt service payments for the life of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-8A-3.htm - 5K - Match Info - Similar pages
27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus
Lines Insurance Multi-State Compliance Compact Act is enacted into law and entered into with
all jurisdictions mutually adopting the compact in the form substantially as follows: PREAMBLE
WHEREAS, with regard to Non-Admitted Insurance policies with risk exposures located in multiple
states, the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted
and Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
41-18-1
Section 41-18-1 Text. Article I. Findings and Purposes. (a) The party states find that
the South has a sense of community based on common social, cultural and economic needs and
fostered by a regional tradition. There are vast potentialities for mutual improvement of
each state in the region by cooperative planning for the development, conservation and efficient
utilization of human and natural resources in a geographic area large enough to afford a high
degree of flexibility in identifying and taking maximum advantage of opportunities for healthy
and beneficial growth. The independence of each state and the special needs of subregions
are recognized and are to be safeguarded. Accordingly, the cooperation resulting from this
agreement is intended to assist the states in meeting their own problems by enhancing their
abilities to recognize and analyze regional opportunities and take account of regional influences
in planning and implementing their public policies. (b) The purposes of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-18-1.htm - 24K - Match Info - Similar pages
10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise
requires, the following terms mean: (1) AFFILIATE. A person who controls, is controlled by,
or is under common control with another person. An affiliate of an individual includes the
spouse, or a parent or sibling thereof, of the individual, or a child, grandchild, sibling,
parent, or spouse of any thereof, of the individual, or an individual having the same home
as the individual, or a trust or estate of which an individual specified in this sentence
is a substantial beneficiary; a trust, estate, incompetent, conservatee, protected person,
or minor of which the individual is a fiduciary; or an entity of which the individual is director,
general partner, agent, employee or the governing authority or member of the governing authority.
(2) ASSOCIATE. When used to indicate a relationship with: (A) a domestic or foreign entity
for which the person is: (i) an officer or governing person; or (ii) a beneficial...
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35-12-72
Section 35-12-72 Presumption of abandonment. (a) Property is presumed abandoned if it
is unclaimed by the apparent owner during the time set forth below for the particular property:
(1) Traveler's checks, 15 years after issuance. (2) Money order, five years after issuance.
(3) A demand, savings, or time deposit including a deposit that is automatically renewable,
three years after the earlier of maturity, as extended from time to time, or the date of the
last indication by the apparent owner of interest in the property. (4) Tangible and intangible
property held in a safe deposit box or other safekeeping depository in this state in the ordinary
course of the holder's business and proceeds resulting from the sale of the property permitted
by other law, three years after expiration of the lease or rental period on the box or other
depository. (5) Money or credits owed to a customer as a result of a retail business transaction,
one year after the obligation accrued. (6) Property in an...
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17-6-81
Section 17-6-81 Fair Ballot Commission; ballot statements. (a)(1) There is created the
Fair Ballot Commission. The purpose of the commission is to provide to the public a fair and
accurate explanation of what a vote for and what a vote against a statewide ballot measure
represents. (2) The commission shall consist of the following 18 members: The Governor, the
Lieutenant Governor, the Commissioner of Agriculture and Industries, the Speaker of the House
of Representatives, and the Secretary of State, or their designees, shall each serve as a
member on the commission and shall each appoint to the commission one member who is an attorney
licensed in the state and one member who is a private citizen of the state who is not an attorney.
The Alabama State University School of Public Policy, the Samford University School of Public
Policy, and the Miles College School of Law shall each appoint a member to the commission.
Other than the Governor, the Lieutenant Governor, the Commissioner of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/17-6-81.htm - 8K - Match Info - Similar pages
40-9B-3
Section 40-9B-3 Definitions. (a) For purposes of this chapter, the following words and
phrases mean: (1) ABATE, ABATEMENT. A reduction or elimination of a taxpayer's liability for
tax or payments required to be made in lieu thereof. An abatement of transaction taxes imposed
under Chapter 23 of this title, or payments required to be made in lieu thereof, shall relieve
the seller from the obligation to collect and pay over the transaction tax as if the sale
were to a person exempt, to the extent of the abatement, from the transaction tax. (2) ALTERNATIVE
ENERGY RESOURCES. The definition given in Section 40-18-1. (3) CONSTRUCTION RELATED
TRANSACTION TAXES. The transaction taxes imposed by Chapter 23 of this title, or payments
required to be made in lieu thereof, on tangible personal property and taxable services incorporated
into an industrial development property, the cost of which may be added to capital account
with respect to the property, determined without regard to any rule which...
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