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27-31C-4
Section 27-31C-4 Issuance of license - Requirements. (a)(1) The commissioner may not issue
a license to an Alabama Coastal Captive Insurance Company unless the company possesses and
maintains unimpaired paid-in capital of not less than one million dollars ($1,000,000); however,
in the case of an Alabama Coastal Captive Insurance Company formed as a sponsored captive
insurance company that does not assume any risk, where the risks insured by the protected
cells are homogenous, the commissioner may reduce this amount to an amount not less than five
hundred thousand dollars ($500,000). (2) a. Except for an Alabama Coastal Captive Insurance
Company formed as a sponsored captive insurance company that does not assume any risk, the
capital must be in the form of cash, cash equivalent, or an irrevocable letter of credit issued
by a bank chartered by this state or a member bank of the Federal Reserve System with a branch
office in this state or as approved by the commissioner. b. For an...
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33-2-201
Section 33-2-201 Special purpose obligations. (a) The department, from time to time, may issue
special purpose obligations, which shall be limited obligations of the department payable
from and secured solely by a pledge of private facility payments made by or on behalf of one
or more commercial enterprises for the right to use the private facilities financed thereby
and shall not be payable from docks facilities revenues or otherwise give rise to any liability
on the part of the department other than the private facility payments pledged as security
therefor. No special purpose obligation shall give rise to any liability or constitute a debt
or obligation of the state or a charge against its credit or taxing powers. (b) Any special
purpose obligations shall be issued pursuant to a resolution of the board of directors of
the department. As security for the payment of any special purpose obligations, the department
is authorized to pledge for the payment of the obligations any private...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-201.htm - 5K - Match Info - Similar pages
41-4-413
Section 41-4-413 Fees. (a) In order to fund the construction industry craft training program,
a fee in the amount of one dollar ($1) per each one thousand dollars ($1,000) of construction
authorized on any nonresidential construction building permit issued by any county, city,
town, or other political subdivision of this state is imposed. (b) The office of the political
subdivision issuing the permit shall be responsible for collecting the fee and remitting it
monthly to the Division of Construction Management of the Department of Finance. (c) There
shall be appropriated to the Division of Construction Management of the Department of Finance
as a first charge against the revenues from the fee imposed by this section an amount that
will offset its actual costs in the administration and regulation of this fee. The net proceeds
received pursuant to this section shall be deposited in the Craft Training Fund and shall
be used exclusively at the direction of the Craft Training Board. (d) The...
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45-37A-51.09
Section 45-37A-51.09 Compensation limits; forfeitures; required minimum. (a) Compensation in
excess of one hundred sixty thousand dollars ($160,000), or such other amount provided in
the Internal Revenue Code of 1986, as amended, shall be disregarded. Such amount shall be
adjusted for increases in the cost-of-living in accordance with Section 401(a)(17)(B), except
that the dollar increase in effect on January 1 of any calendar year shall be effective for
the fiscal years beginning with or within such calendar year. If compensation for any prior
determination period is taken into account in determining a participant member's benefits
for the current fiscal year, the compensation for such prior determination period is subject
to the applicable annual compensation limit in effect for that prior period. (b) Notwithstanding
the foregoing and to the extent applicable to governmental plans as such are defined in Section
414(d) of the Internal Revenue Code of 1986, as amended, in no event may...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-51.09.htm - 9K - Match Info - Similar pages
45-39-160
Section 45-39-160 Liability for monetary loss. (a) The Lauderdale County Commission shall reimburse
the office of judge of probate, revenue commissioner, and license commissioner from the general
fund in the amount of any monetary loss, not to exceed a total of two thousand five hundred
dollars ($2,500) per annum, arising or caused without the personal knowledge of the officer,
including loss arising from acceptance of worthless or forged checks, drafts, money orders,
or other written orders for money or its equivalent. (b) It shall be the duty of the judge
of probate, revenue commissioner, and license commissioner to insure that the employees of
the respective offices exercise due care in performing their required duties and make a diligent
effort to correct the error, mistake, or omission. The respective officers shall make a good
faith effort to collect the amount subject to potential loss immediately upon becoming aware
of the potential loss. (c) This section shall not apply to any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39-160.htm - 2K - Match Info - Similar pages
11-103-1
Section 11-103-1 Authorization of payment by credit cards. (a) The use of credit cards for
any payments made to a county or municipal office, department, agency, board, or commission
may be authorized by the county commission or municipal governing body in which the office,
department, agency, board, or commission is located as provided in Section 11-103-2, and if
authorized, shall be accepted pursuant to rules and regulations promulgated by the county
commission or municipal governing body in which the office, department, agency, board, or
commission is located. The rules and regulations shall include specific procedures for the
acceptance of credit card payments, including, but not limited to, provision for the payment
of any discount or administrative fee charged by the credit card issuer or processor. The
county or municipal governing body is authorized, but not required to impose the assessment
of a surcharge or convenience fee from the person paying by credit card in an amount...
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11-103-3
Section 11-103-3 Liability for final payment. (a) When a party elects to make a payment to
a county or municipal agency, office, department, board, or commission by credit card and
a surcharge or convenience fee is imposed, the payment of the surcharge or convenience fee
shall not be refundable. (b) No person making payment to any county or municipal agency, office,
department, board, or commission by credit card shall be relieved from liability for the face
amount of the payment except to the extent that the county or municipal agency, office, department,
board, or commission realizes final payment of the underlying obligation in cash or the equivalent.
If final payment is not made by the credit card issuer or other guarantor of payment in the
credit card transaction, the underlying obligation shall survive and the county or municipal
agency, office, department, board, or commission shall retain all remedies for enforcement
which would have applied if the credit card transaction had...
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16-60-351
Section 16-60-351 Credit for qualifying education expenses. (a)(1) For tax years commencing
January 1, 2015, and thereafter, a taxpayer who files a state income tax return and is not
a dependent of another taxpayer may claim a tax credit for a contribution made to the Department
of Postsecondary Education for qualifying educational expenses directly associated with the
Career-Technical Dual Enrollment Program as defined by State Board of Education policy. (2)
The tax credit may be claimed by the taxpayer in an amount equal to 50 percent of the total
contribution or contributions made to the Department of Postsecondary Education during the
taxable year for which the credit is claimed, but such credit is not to exceed an amount greater
than 50 percent of the taxpayer's total Alabama income tax liability, and in no case more
than five hundred thousand dollars ($500,000) for any given tax year. (3) The cumulative amount
of tax credits issued pursuant this article shall not exceed five...
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34-27C-6
Section 34-27C-6 Insurance requirements. (a) Contract security company licensees shall file
certificates of insurance with the board certifying coverage. The minimum amount of coverage
shall be two million dollars ($2,000,000) for bodily or personal injury and two hundred thousand
dollars ($200,000) for property damage. There shall be included endorsements for general liability,
personal injury, and workers' compensation. (b) An insurance policy may not be modified or
cancelled without 30 days' prior notice to the board. The insurance company shall be licensed
in this state, or in the state in which the insurance is purchased, with the name of a designated
agent for service filed in the office of the Secretary of State. (Act 2009-640, p. 1960, ยง6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27C-6.htm - 1K - Match Info - Similar pages
40-12-391
Section 40-12-391 License - Generally. (a) No person shall be licensed as a motor vehicle dealer
under Section 40-12-51, 40-12-62, or 40-12-169, nor shall any person engage in business as,
serve in the capacity of, or act as a new motor vehicle dealer, used motor vehicle dealer,
motor vehicle rebuilder, or motor vehicle wholesaler in this state, without first obtaining
a master dealer license as provided in this article and, if a new motor vehicle dealer or
a used motor vehicle dealer, a state sales tax number. (b) No person shall engage in the business
of buying, selling, exchanging, advertising, or negotiating the sale of new motor vehicles
unless he or she holds a valid master dealer license as a new motor vehicle dealer in this
state for the make or makes of new motor vehicles being bought, sold, exchanged, advertised,
or negotiated or unless a bona fide employee or agent of the licensee. (c) No person, other
than a motor vehicle dealer licensed under this article or a recorded...
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