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16-65-8
Section 16-65-8 Dedicated source of revenue as security for the repayment of equipment loans.
In order to provide for the funding of an equipment loan by the authority to an educational
institution, such educational institution shall establish a dedicated source of revenue to
secure the repayment of moneys received from the authority. Such educational institution is
hereby authorized and empowered, any existing statute to the contrary notwithstanding, to
do and perform any one or more of the following: (1) To obligate itself to pay to the authority
at periodic intervals a sum sufficient to provide for the payment of debt service with respect
to the bonds of the authority issued to fund the equipment loan made to such educational institution
and to pay over such debt service to the authority for the account of such educational institution.
(2) To levy, collect, and pay over to the authority and to obligate itself to continue to
levy, collect, and pay over to the authority the proceeds...
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9-4-8
Section 9-4-8 Expenditures from annual appropriation. The annual appropriation shall be devoted,
so far as may be necessary to execute the purposes of this chapter, to the discharge of the
expenses of the survey, including the compensation of all temporary and permanent assistants,
traveling expenses of the geologist and geological corps, in and out of the state, purchase
of apparatus and materials for making chemical analysis, other expenditures for outfit, expenses
incurred in providing for the transportation, arrangement and proper exhibition of the geological
and other collections made on the authority of this chapter and the engraving of maps and
sections, etc., to illustrate the quadrennial reports of progress; provided, however, that
no payment shall be made by the survey to the university on account of rent or permanent improvements,
nor shall the university make use of the survey's apparatus and materials for making chemical
analysis nor share in expenditures for outfit...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-4-8.htm - 1K - Match Info - Similar pages
40-16-8
Section 40-16-8 Exemptions and credits. All moneyed capital employed in the business the privilege
of engaging in which is hereby taxed and the shares of all financial institutions, as in this
chapter defined, shall be exempted from assessment and payment of ad valorem taxes, except
the moneyed capital and shares of any business hereby taxed which fails to make and file the
returns required by this chapter and to pay the tax levied by this chapter as and when in
this chapter provided. The real estate owned by every such financial institution shall not
be exempted. If any other tax other than the privilege tax levied by Article 2 of Chapter
14A, whether on property (other than ad valorem taxes on real estate), income, business or
any element thereof, except license taxes not in excess of those heretofore legally levied
and in effect, at any time after July 10, 1935, has been, or is at any time hereafter levied
by this state or by any political subdivision of this state on any financial...
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5-24-11
Section 5-24-11 Ownership during lifetime. (a) In this section, "net contribution"
of a party means the sum of all deposits to an account made by or for the party, less all
payments from the account made to or for the party which have not been paid to or applied
to the use of another party and a proportionate share of any charges deducted from the account,
plus a proportionate share of any interest or dividends earned, whether or not included in
the current balance. The term includes any deposit life insurance proceeds added to the account
by reason of death of the party whose net contribution is in question. (b) During the lifetime
of all parties, an account belongs to the parties in proportion to the net contribution of
each to the sums on deposit, unless there is clear and convincing evidence of a different
intent. As between parties married to each other, in the absence of proof otherwise, the net
contribution of each is presumed to be an equal amount. (c) A beneficiary in an...
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7-4A-405
Section 7-4A-405 Payment by beneficiary's bank to beneficiary. (a) If the beneficiary's bank
credits an account of the beneficiary of a payment order, payment of the bank's obligation
under Section 7-4A-404(a) occurs when and to the extent (i) the beneficiary is notified of
the right to withdraw the credit, (ii) the bank lawfully applies the credit to a debt of the
beneficiary, or (iii) funds with respect to the order are otherwise made available to the
beneficiary by the bank. (b) If the beneficiary's bank does not credit an account of the beneficiary
of a payment order, the time when payment of the bank's obligation under Section 7-4A-404(a)
occurs is governed by principles of law that determine when an obligation is satisfied. (c)
Except as stated in subsections (d) and (e), if the beneficiary's bank pays the beneficiary
of a payment order under a condition to payment or agreement of the beneficiary giving the
bank the right to recover payment from the beneficiary if the bank does...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-4A-405.htm - 3K - Match Info - Similar pages
8-6-8
Section 8-6-8 Registration of securities - Registration statement; conditions precedent; bond;
notice of action; fees; quarterly reports and financial statements; discharge from supervision.
(a) A registration statement on securities may be filed by the issuer, any other person on
whose behalf the offering is to be made, or a registered dealer. Any document filed under
this article within five years preceding the filing of a registration statement may be incorporated
by reference in the registration statement to the extent that the document is currently accurate.
The commission may permit, by rule or otherwise, the omission of any item of information or
document from any registration statement. (b) The Securities Commission may require as a condition
of registration by qualification or coordination that: (1) proceeds from the sale of the registered
security be impounded until the issuer receives a specified amount, or (2) any security issued
within the past three years, or to be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-6-8.htm - 8K - Match Info - Similar pages
14-6-22
Section 14-6-22 Misdemeanant required to pay costs of incarceration; remission of costs; amount
and method of payment; payment of costs as condition of probation, etc., authorized; procedure
upon default; disposition of costs. (a)(1) A court shall require a convicted defendant in
a misdemeanor case to pay housing, maintenance and medical costs associated with the defendant's
incarceration in a county or city jail except as otherwise provided herein. Such costs shall
not exceed $20.00 per day that the defendant has been incarcerated plus actual medical expenses
incurred on behalf of the defendant. Such costs shall be taxed as costs of court and shall
be in addition to any and all other costs of court. (2) At the time of sentencing such defendant
may petition the court for remission of the payment of these costs or of any portion thereof.
If it appears to the satisfaction of the court that payment of the amount due will impose
manifest hardship on the defendant or his immediate family,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-6-22.htm - 3K - Match Info - Similar pages
10A-8A-8.09
Section 10A-8A-8.09 Disposition of assets, when contributions required. Notwithstanding Section
10A-1-9.12, upon the winding up of a partnership, the assets of the partnership, including
any obligation under Sections 10A-8A-4.03, 10A-8A-4.04, and 10A-8A-4.09, and any contribution
required by this section, shall be applied as follows: (a) Payment, or adequate provision
for payment, shall be made to creditors, including, to the extent permitted by law, partners
who are creditors, in satisfaction of liabilities of the partnership. (b) After a partnership
complies with subsection (a), any surplus must be distributed: (1) first, to each person owning
a transferable interest that reflects contributions made on account of the transferable interest
and not previously returned, an amount equal to the value of the person's unreturned contributions;
and (2) then to each person owning a transferable interest in the proportions in which the
owners of transferable interests share in distributions...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-8A-8.09.htm - 3K - Match Info - Similar pages
10A-9A-8.09
Section 10A-9A-8.09 Disposition of assets, when contributions required. Notwithstanding Section
10A-1-9.12, upon the winding up of a limited partnership, the assets of the limited partnership,
including any obligation under Article 5 of this chapter, and any contribution required by
this section, shall be applied as follows: (a) Payment, or adequate provision for payment,
shall be made to creditors, including, to the extent permitted by law, partners who are creditors,
in satisfaction of liabilities of the limited partnership. (b) After a limited partnership
complies with subsection (a), any surplus must be distributed: (1) first, to each person owning
a transferable interest that reflects contributions made on account of the transferable interest
and not previously returned, an amount equal to the value of the person's unreturned contributions;
and (2) then to each person owning a transferable interest in the proportions in which the
owners of transferable interests share in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-9A-8.09.htm - 3K - Match Info - Similar pages
27-37-4
Section 27-37-4 Disallowance of assets or credits for deception. (a) The commissioner shall
disallow as an asset or as a credit against liabilities any reinsurance found by him after
a hearing thereon to have been arranged for on a temporary basis for the purpose principally
of deception as to the ceding insurer's financial condition as at the date of any financial
statement of the insurer. Reinsurance of any substantial part of the insurer's outstanding
risks contracted for in fact within 90 days prior to the date of any such financial statement
and cancelled in fact within 90 days after the date of such statement shall prima facie be
deemed to have been arranged for the purpose of deception within the intent of this section.
(b) The commissioner shall disallow as an asset any deposit, funds, or other assets of the
insurer found by him after a hearing thereon: (1) Not to be in good faith the property of
the insurer; (2) Not freely subject to withdrawal or liquidation by the insurer at...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-37-4.htm - 2K - Match Info - Similar pages
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