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11-49A-14
Section 11-49A-14 Powers of localities, agencies, etc. For the purpose of securing public
transportation or aiding or cooperating with the authority in the planning, development, undertaking,
construction, acquisition, extension, improvement, operation, or protection of transit systems,
any county, municipality or other political subdivision, public corporation, agency, or instrumentality
of this state may, upon such terms and with or without consideration, as it may determine:
(1) Lend or donate money to, or perform services for the benefit of, the authority; (2) Donate,
sell, convey, transfer, lease, or grant to the authority, without the necessity of authorization
at any election of qualified voters, any property of any kind, including, but without limitation,
any transit systems, any interest in any thereof, and any franchise; (3) Provide that all
or a portion of the taxes or funds available or to become available to, or required by law
to be used by it for public transportation...
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33-16-8
Section 33-16-8 Powers enumerated. The authority shall have the following powers: (1)
To have succession by its corporate name without time limit; (2) To bring civil actions and
have civil actions brought against it and to prosecute and defend in any court having jurisdiction
of the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To receive, take and hold by sale, gift, lease, devise or otherwise
real and personal property of every kind and description, and to manage the same; (5) To acquire
by purchase, gift or the exercise of the power of eminent domain, or any other lawful means,
and to convey or cause to be conveyed to the United States, the State of Alabama, any county
or municipality in the state, or to any agency, department or instrumentality of such political
entities, or to any public corporation, any real, personal or mixed property necessary or
convenient to the authority in the performance of its duties and...
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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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23-2-144
Section 23-2-144 Powers of the authority. (a) The authority shall have the following
powers: (1) To adopt bylaws for the regulation of its affairs and the conduct of its business.
(2) To adopt an official seal and alter the same at pleasure. (3) To maintain a principal
office and branch offices at the place or places within the state as it may designate. (4)
To sue and be sued in its own name, including suits in tort. (5) With the consent and approval
of the department, to acquire and construct toll road, bridge, or tunnel projects at locations
as the authority may determine to be desirable, practicable, and economically feasible and
to maintain, repair, and operate the projects. (6) To issue toll road, bridge, or tunnel revenue
bonds of the authority for any of its corporate purposes, payable solely from its tolls, other
revenues, and proceeds of the bonds, and to refund its bonds, all as provided in this article.
No bonds issued under the provisions of this article shall constitute a...
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33-13-9
Section 33-13-9 Bonds - Generally. There are hereby authorized to be issued bonds of
the state in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying
costs of the development, construction, improvements, expansion and modernization (or any
of them) of the State Docks Department at the Port of Mobile. The bonds hereby authorized
shall be general obligations of the state, and the full faith, credit and taxing powers of
the state are hereby irrevocably pledged for the prompt and faithful payment of the principal
thereof and the interest thereon. The bonds may be sold from time to time as the board of
directors may deem advantageous; provided, that no bonds (other than refunding bonds) may
be sold or issued unless the Governor shall have first determined that the issuance of the
bonds proposed to be issued will be necessary to enable the authority to promote, develop,
construct, improve, expand and modernize the state docks facilities. Except as hereinafter...
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41-10-36
Section 41-10-36 Definitions. Unless the context requires otherwise, the terms defined
in this section shall have the following meanings for purposes of this division: (1)
AFFECTED BOND. Any obligation or portion thereof which is required under the terms of the
code to receive an allocation of the state ceiling as a condition for the exclusion of interest
on such obligation from the gross income of the recipient thereof for federal income tax purposes.
(2) ALLOCATION. An allocation of a portion of the state ceiling issued by the authority pursuant
to the provisions of this division. (3) APPLICATION. An application for an allocation, submitted
by an issuer under the provisions of this division. (4) APPLICATION FOR CARRYFORWARD ALLOCATION.
Any application filed with the authority seeking an elective carryforward of unused limitation
for a "carryforward purpose" as defined in Section 146(f)(5) of the code.
(5) AUTHORITY. The State Industrial Development Authority, a public corporation of...
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11-62-1
Section 11-62-1 Definitions. (a) The following words and phrases used in this chapter,
and others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) AUTHORITY.
Any public corporation organized pursuant to this chapter. (2) AUTHORIZED PURPOSE OBLIGATION.
The term includes either of the following: a. Any lease, note, installment sale contract,
or any other obligation of a user, whether general or special, which was entered into, made,
assumed, or otherwise incurred by the user, in whole or in part, for the purpose of financing
the acquisition or ownership of one or more facilities, for the purpose of obtaining funds
with which to operate one or more facilities or for any combination of those purposes. b.
Any obligation of any kind which was entered into, made, assumed, or otherwise incurred by
the United States of America or any department, agency, or instrumentality...
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11-89A-15
Section 11-89A-15 Cooperation, aid, and agreements from and with other bodies. (a) For
the purpose of attaining the objectives of this chapter, any county, municipality, or other
political subdivision, public corporation, agency, or instrumentality of the state, a county
or municipality may, upon such terms and with or without consideration, as it may determine,
do any or all of the following: (1) Lend or donate money to any authority or perform services
for the benefit thereof; (2) Donate, sell, convey, transfer, lease, or grant to any authority,
without the necessity of authorization at any election of qualified voters, any property of
any kind; (3) Do any and all things, whether or not specifically authorized in this section,
not otherwise prohibited by law, that are necessary or convenient to aid and cooperate with
any authority in attaining the objectives of this chapter; and (4) To pay to any authority
the proceeds of any special tax appropriated, apportioned, or allocated to...
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36-28-8
Section 36-28-8 Contribution Fund. (a) There is hereby established a special fund to
be known as the Contribution Fund. Such fund shall consist of and there shall be deposited
in such fund: (1) All contributions, interest and penalties collected under Sections 36-28-5
and 36-28-7; (2) All moneys appropriated thereto under this chapter; (3) Any property or securities
and earnings thereof acquired through the use of moneys belonging to the fund; (4) Interest
earned upon any moneys in the fund; and (5) All sums recovered upon the bond of the custodian
or otherwise for losses sustained by the fund and all other moneys received for the fund from
any other source. All moneys in the fund shall be mingled and undivided. Subject to the provisions
of this chapter, the state Comptroller is vested with full power, authority and jurisdiction
over the fund, including all moneys and property or securities belonging thereto, and may
perform any and all acts whether or not specifically designated,...
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4-3-13
Section 4-3-13 Assistance and cooperation by counties, municipalities, etc. For the
purpose of aiding and cooperating with the authority in the planning, development, undertaking,
construction, extension, improvement or operation of airports, heliports and air navigation
facilities, any county, city, town or other political subdivision, public corporation, agency
or instrumentality of this state may, upon such terms and with or without consideration as
it may determine: (1) Lend or donate money to the authority; (2) Provide that all or a portion
of the taxes or funds available, or to become available to it, or required by law to be used
by it, for airport purposes shall be transferred or paid directly to the authority as such
funds become available to it; (3) Cause water, sewer or drainage facilities or any other facilities
which it is empowered to provide to be furnished adjacent to or in connection with such airports,
heliports or air navigation facilities; (4) Donate, sell, convey,...
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