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5-17-40
Section 5-17-40 Alabama Credit Union Administration created; functions; transfer of authority
previously vested in State Banking Department. THIS SECTION WAS AMENDED BY ACT 2018-470 IN
THE 2018 REGULAR SESSION, EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) There shall be an Alabama Credit Union Administration which shall administer the laws
of this state which regulate or otherwise relate to credit unions in the state. The authority
of the Alabama Credit Union Administration to perform such functions shall be exclusive and
all authority regarding credit unions which was previously vested in the State Banking Department
is hereby vested in the Alabama Credit Union Administration. (b) If any of the provisions
of this chapter are inconsistent with any other general or special law, this chapter shall
control. (Acts 1985, No. 85-457, p. 425, §17; Act 2018-470, §1.)...
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24-9-5
Section 24-9-5 Alabama Land Bank Authority Board. (a) There is created the Alabama Land Bank
Authority Board which shall govern the authority to administer and enforce this chapter. (b)
The board shall consist of the following members: (1) Four residents of the state appointed
by the Governor. (2) Two representatives from nonprofit organizations engaged in low-income
housing appointed by the Governor. (3) The Presiding Officer of the Senate or his or her designee.
(4) The Speaker of the House of Representatives or his or her designee. (5) The Chair of the
Senate Finance and Taxation General Fund Committee or his or her designee. (6) The Chair of
the House Ways and Means General Fund Committee or his or her designee. (7) The State Revenue
Commissioner or his or her designee. (8) The Superintendent of the State Banking Department
or his or her designee. (9) The Director of the Alabama Department of Economic and Community
Affairs or his or her designee. (10) The Secretary of the Alabama...
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5-17-8
Section 5-17-8 Reports to Administrator of Alabama Credit Union Administration; powers of administrator.
(a) Credit unions shall report to the Administrator of the Alabama Credit Union Administration
at least annually on or before January 31 in such manner and form as required by the administrator
for that purpose. Additional reports may be required. Credit unions shall be examined at least
every 18 months by employees of the administration or by other persons designated by the administrator.
For failure to file reports when due, unless excused for cause by the administrator, the credit
union shall pay to the State Treasurer five dollars ($5) for each day of its delinquency.
(b) If the administrator determines that the credit union is violating this chapter, or is
insolvent, the administrator may suspend operations of the credit union by issuing an order
requiring that the credit union cease operations pending a hearing on the revocation of the
certificate of approval, or the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-8.htm - 13K - Match Info - Similar pages
5-17-7
Section 5-17-7 Operating fees; fee filed with certificate of organization. (a) All state chartered
credit unions shall pay an annual operating fee and, if deemed necessary by the administrator,
an assessment, the exact amount of which shall be fixed from time to time by the Administrator
of the Alabama Credit Union Administration. (b) Except as hereinafter provided, the annual
operating fee set by the administrator shall not exceed the fee calculated by use of the following
scale or the administrator may authorize payment of the schedule used by federal credit unions
if the administrator determines it to be appropriate: (1) Credit unions having total assets
of less than $500,000.00 shall pay a fee not in excess of $.12 for each $100.00 of assets,
subject to a minimum of $200.00. (2) Credit unions with assets of $500,000 but not in excess
of $1,000,000 shall pay a fee of $600 plus $.05 per $100 of assets over $500,000 but not in
excess of $1,000,000; credit unions with assets of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-7.htm - 6K - Match Info - Similar pages
5-17-45
Section 5-17-45 Legislative findings; powers of credit unions; agreements; reports. (a) The
Legislature finds as fact and determines that the credit unions having their principal place
of business in Alabama must keep pace with technological and other improvements constantly
being made throughout the United States so as to enable Alabama credit unions to render better
and more efficient services to their members. It is necessary and desirable that the administrator
be given additional authority in these fields. (b) The administrator is hereby authorized
to expand powers of Alabama credit unions in order to accomplish both of the following: (1)
Accommodate or take advantage of changing technologies. (2) Assure the ability of Alabama
credit unions to be responsive in their business to the needs and conveniences demanded by
credit union members through on-premises as well as off-premises operations; provided, that
nothing in this section shall enable the administrator to authorize credit...
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16-18A-2
instruction or as a place of religious worship nor any facility which is used or to be used
primarily in connection with any part of the program of a school or department of divinity
for any religious denomination. (3) COSTS. As applied to a project or any portion thereof
financed under the provisions of this chapter, all or any part of the cost of construction,
acquisition, alteration, enlargement, reconstruction and remodeling of a project including
all lands, structures, real or personal property, rights, rights-of-way, franchises,
easements, permits, approvals, licenses and certificates and the securing of such permits,
approvals, licenses and certificates, and interests acquired or used for or in connection
with a project, the cost of demolishing or removing any buildings or structures on land so
acquired, including the cost of acquiring any lands to which such buildings or structures
may be moved, the cost of all machinery and equipment, financing charges, underwriters'...
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38-2-6
caring for, receiving, or placing minor children and to revoke such license for cause. (14)
Establish and maintain homes or other agencies for the care of dependent or neglected minor
children or contract with any approved agency or institution for the care of such children,
and, also, receive and care for dependent or neglected minor children committed to its care,
make a careful physical examination and, if possible, a mental examination of every such child,
investigate in detail the personal and family history of the child and its environment,
and place such children in family homes or in approved suitable institutions operating in
accordance with the provisions of this title and supervise such children however placed. (15)
Require reports from courts and institutions, public and private, to the extent and in the
form and manner as required by law. (16) Solicit, receive, and hold gifts, devises, and bequests
of money, real estate, and other things of value to be used in the...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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40-27-1
a tax measured in any way by the capital of a corporation considered in its entirety. 6. "Gross
receipts tax" means a tax, other than a sales tax, which is imposed on or measured by
the gross volume of business, in terms of gross receipts or in other terms, and in the determination
of which no deduction is allowed which would constitute the tax an income tax. 7. "Sales
tax" means a tax imposed with respect to the transfer for a consideration of ownership,
possession or custody of tangible personal property or the rendering of services measured
by the price of the tangible personal property transferred or services rendered and
which is required by state or local law to be separately stated from the sales price by the
seller, or which is customarily separately stated from the sales price, but does not include
a tax imposed exclusively on the sale of a specifically identified commodity or article or
class of commodities or articles. 8. "Use tax" means a nonrecurring tax, other than
a...
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40-2A-7
years from the date the return is filed with the department, whichever is later. This subparagraph
shall not apply to any corporation unless dissolution is completed within 18 months of the
date of the written notice. e. If a taxpayer has made the election provided in subsection
(d) or (e) of Section 40-18-8, a preliminary assessment based on the gain realized as a result
of the involuntary conversion [in the case of subsection (d) of Section 40-18-8] or a rollover
of gain on the sale of a personal residence [as provided in subsection (e) of Section
40-18-8] may be entered within three years from the date the taxpayer notified the department
of the replacement of the property in accordance with subsection (d) or (e) of Section 40-18-8,
as the case may be, or of his or her intention not to replace the property. f. If a taxpayer
has validly elected to have the provisions of subdivision (a) (7) of Section 40-18-6 and subsection
(l) of Section 40-18-8 apply to an acquisition of stock...
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