16-25-22
Section 16-25-22 Purchase, sale, etc., of interests or estates in real property; establishment
of facilities and procedures for purchase of and payment for equipment, etc. (a) The Retirement
Systems of Alabama, which consist of the Employees' Retirement System of Alabama, the Teachers'
Retirement System of Alabama, and the Judicial Retirement Fund of Alabama shall have within
their corporate powers the right to purchase, sell and hold title, in their own name, to any
interest or estate in real property. Such property shall be exempt from all state and local
ad valorem taxes and shall not be subject to regulations or laws regarding the sale or lease
of state property. (b) The Retirement Systems of Alabama shall have within their corporate
powers the right to establish, as is consistent with the intent and purpose of the competitive
bid laws of the State of Alabama, such facilities and procedures for the making of purchases
and for the payment of all equipment and expenses reasonably...
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8-25A-1
Section 8-25A-1 Recovery fee included in rental agreement for heavy equipment property. (a)
Except as provided in subsection (b), a person in the business of renting heavy equipment
property located in this state may include in the rental agreement a one and one-half percent
recovery fee on the gross rental receipts from any item of heavy equipment rented by a customer.
The total amount of the recovery fee shall be retained by the business for the purpose of
paying personal property taxes levied by all taxing jurisdictions against the heavy equipment
property. For the purposes of this section, heavy equipment property includes self-propelled,
self-powered, or pull-type equipment, including farm equipment, that is intended to be used
for agricultural, construction, industrial, mining, or forestry uses. Heavy equipment property
also includes equipment that is described under Industry Code 532412 of the 2002 North American
Industry Classification System as published by the Bureau of the...
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2-6-113
Section 2-6-113 Sale of bonds. Bonds may be sold by the corporation in series, and if sold
in more than one series may all be authorized in one initial resolution of the board of directors
with the pledges made in such initial resolution, although some of the details applicable
to each series may be specified in the respective resolutions under which the different series
are issued. Each series of the bonds may be sold at public or private sale, as determined
by the corporation, at such price or prices as the corporation shall determine, and, if sold
at public sale either on sealed bids or at public auction, on a basis determined by the corporation
to enable it to effect the sale of the bonds being sold at the lowest effective borrowing
cost to the corporation; provided, that if in the event of public sale of the bonds no bid
acceptable to the corporation is received it may reject all bids. Notice of each public sale
or summary notice of sale or both shall be given by publication in...
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23-2-145
Section 23-2-145 Advertisement for construction bids; award of contract; work done by force
account; further considerations by the authority. (a) Before construction is started on any
project, the authority shall advertise for sealed bids once each week for three consecutive
weeks in a newspaper of general circulation in the county in which the project or undertaking,
or some part thereof, is to be located; the authority may also advertise in such other publications
as it may deem advisable. Such notices shall state that plans and specifications for the project
are on file in the office of the authority and the time and place in which bids will be received
and opened. All bids shall be opened publicly at the advertised time and place. (b) The contract
shall be awarded to the lowest responsible bidder complying with conditions of the invitation
for bids, unless the authority finds that the bid is unreasonable or that it is not to the
interest of the authority to accept it. The bidder to...
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33-1-17
Section 33-1-17 Title to property. The title to all property acquired by the Alabama State
Docks Department and now vested in the State of Alabama shall on August 1, 2000, be vested
in the port authority. The director, with the consent and the approval of the board may dispose
of, sell, or lease to others, at reasonable prices and for reasonable compensation, without
a competitive advertised public auction or advertised sealed bid process any of the property,
equipment, and facilities of the port authority. (Acts 1923, No. 303, p. 330; Code 1923, §2541;
Acts 1927, No. 1, p. 1; Acts 1935, No. 385, p. 821; Acts 1936, Ex. Sess., No. 92, p. 57; Code
1940, T. 38, §18; Acts 1996, 1st Ex. Sess., No. 96-21, p. 24, §1; Act 2000-598, p. 1199,
§2.)...
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45-49-170.74
Section 45-49-170.74 Assessment of costs; sale and redemption of lots. The county commission
may assess the costs authorized herein against any real property where a demolition or removal
has taken place and the property is subsequently purchased by the State of Alabama at any
sale for the nonpayment of taxes. If any such assessment is made against a piece of real property,
a subsequent redemption of the property by any person or persons authorized to redeem, or
a sale of the property by the state, shall not operate to discharge, or in any manner affect
the lien of the county for the assessment, but any redemptioner or purchaser at any sale by
the state of any piece of real property upon which an assessment has been levied, whether
prior to or subsequent to a sale to the state for the nonpayment of taxes, shall take the
property subject to the assessment. The assessment shall then be added to the tax bill of
the property, collected as a tax, and remitted to the county. (Act 2002-323,...
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8-12-3
Section 8-12-3 Defacing identifying mark on encumbered personal property; presumption of guilt
by possession. (a) Any person who defaces, or permits the same to be done, with intent to
defraud any trademark, or other identifying mark, on any automobile motor, other motor, guns,
electrical equipment, radios, motor vehicles, refrigerators, furniture, household or office
equipment, or any other personal property, when such property is encumbered with a mortgage,
conditional sale contract, or other lien, shall be guilty of a misdemeanor, shall be fined
on conviction not less than $25 nor more than $500 and may be imprisoned in the county jail
or sentenced to hard labor for not more than six months. (b) Any person, other than the absolute
owner of the property while the same is free and clear of mortgages, retention of title contracts
or other encumbrances, found in possession of such property under any claim of right with
knowledge that the property has been defaced by a person or persons...
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11-53B-12
Section 11-53B-12 Certificate of warning to redeem. At any time after an assessment sale deed
has been recorded in the office of the judge of probate of the county in which the property
therein described lies and after expiration of the fixed two-year period of redemption allowed
by Section 11-53B-10, any person may apply to the judge of probate for the certificate of
warning to redeem, which references the recorded volume and page number of the deed to be
recorded in the real estate records, in substantially the following form: "I hereby certify
that on or prior to the date of this certificate, I mailed a certified copy of the deed here
recorded, together with notice that the same is here recorded, and a warning to redeem to
each of the one or more persons other than the grantee in said deed, to whom the property
therein described was last finally assessed for ad valorem taxation at the address of each
such person as shown by said ad valorem tax assessment records. This ___ day of...
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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...
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11-40-68
Section 11-40-68 Foreclosure sale; form of deed. (a) Following the hearing and order of the
court in accordance with Section 11-40-66, the court shall cause a sale of the real property
to be advertised and conducted by the court in a manner similar to that procedure contemplated
by Section 40-10-15. The sale shall not occur earlier than 45 days following the date of the
order of the court. (b) Except as otherwise authorized by law, the minimum bid price for the
sale of the real property shall be the redemption amount. (1) In the absence of any bid higher
than the minimum bid price, the court or its designee shall bid in for the real property on
behalf of the Class 2 municipality or its designee in an amount equal to the minimum bid price,
thereby causing the Class 2 municipality to become the purchaser at the sale pursuant to Section
11-40-66. (2) A bid in on behalf of the Class 2 municipality or its designee shall be tendered
as a credit bid for that part of the minimum bid price...
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