|
11-101A-8
Section 11-101A-8 Powers of authority. (a) In addition to all other powers granted elsewhere
in this chapter, and subject to the express provisions of its certificate of incorporation,
an authority shall have the following powers, together with all powers incidental thereto
or necessary to the discharge thereof in corporate form: (1) To have succession by its corporate
name for the duration of time, which may be in perpetuity, specified in its certificate of
incorporation, or until dissolved as provided in Section 11-101A-24. (2) To sue and be sued
in its own name in civil suits and actions, and to defend suits and actions against it, subject,
however, to Chapter 93 of this title, which chapter is hereby made applicable to the authority.
(3) To adopt, alter, amend, and repeal bylaws, regulations, and rules for the regulation and
conduct of its affairs and business. (4) To adopt and make use of a corporate seal and to
alter the same at pleasure. (5) To acquire, whether by purchase,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-101A-8.htm - 8K - Match Info - Similar pages
22-21-311
Section 22-21-311 Definitions. (a) The following words and phrases used in this article, 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) APPLICANT.
A natural person who files a written application with the governing body of a county, municipality,
or educational institution, or two or more thereof, in accordance with the provisions of Section
22-21-313. (2) AUTHORITY. A public corporation organized, and any public hospital corporation
reincorporated, pursuant to the provisions hereof. (3) AUTHORIZING RESOLUTION. The resolution
adopted by the governing body of an authorizing subdivision, in accordance with the provisions
of Section 22-21-313 or Section 22-21-341, that authorizes the incorporation of an authority
or the reincorporation of a public hospital corporation. (4) AUTHORIZING SUBDIVISION. Each
county, municipality, and educational institution with...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-311.htm - 7K - Match Info - Similar pages
41-16-51
Section 41-16-51 Contracts for which competitive bidding not required. (a) Competitive bids
for entities subject to this article shall not be required for utility services, the rates
for which are fixed by law, regulation, or ordinance, and the competitive bidding requirements
of this article shall not apply to: (1) The purchase of insurance. (2) The purchase of ballots
and supplies for conducting any primary, general, special, or municipal election. (3) Contracts
for securing services of attorneys, physicians, architects, teachers, superintendents of construction,
artists, appraisers, engineers, consultants, certified public accountants, public accountants,
or other individuals possessing a high degree of professional skill where the personality
of the individual plays a decisive part. (4) Contracts of employment in the regular civil
service. (5) Contracts for fiscal or financial advice or services. (6) Purchases of products
made or manufactured by the blind or visually handicapped...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16-51.htm - 9K - Match Info - Similar pages
27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages
27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
2-3A-36
Section 2-3A-36 Exemption from taxation. All bonds (including refunding bonds) issued pursuant
hereto, and the income therefrom (including the interest income thereon) shall be free from
all taxation by the state or any county, municipality, or other political subdivision or instrumentality
of the state, excepting inheritance, estate, and gift taxes. (Act 98-497, p. 1063, §7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-36.htm - 686 bytes - Match Info - Similar pages
2-3A-56
Section 2-3A-56 Exemption from taxation. All bonds (including refunding bonds) issued pursuant
hereto, and the income therefrom (including the interest income thereon) shall be free from
all taxation by the state or any county, municipality, or other political subdivision or instrumentality
of the state, excepting inheritance, estate, and gift taxes. (Act 98-506, p. 1178, §7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-56.htm - 685 bytes - Match Info - Similar pages
14-2-18
Section 14-2-18 Bonds - Security for deposit of governmental funds. Any bonds issued by the
authority may be used by the holders thereof as security for deposits of any funds belonging
to the state or to any instrumentality, agency or political subdivision of the state in any
instance where security for such deposits may be required or permitted by law. (Acts 1965,
No. 678, p. 1226, §19.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-2-18.htm - 697 bytes - Match Info - Similar pages
41-10-315
Section 41-10-315 Security for deposit of governmental funds. Any bonds issued by the authority
may be used by the holders thereof as security for deposits of any funds belonging to the
state or to any instrumentality, agency or political subdivision of the state in any instance
where security for such deposits may be required or permitted by law. (Acts 1986, No. 86-546,
p. 1093, §16.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-315.htm - 697 bytes - Match Info - Similar pages
41-10-505
Section 41-10-505 Security for deposit of governmental funds. Any bonds issued by the authority
may be used by the holders thereof as security for deposits of any funds belonging to the
state or to any instrumentality, agency or political subdivision of the state in any instance
where security for such deposits may be required or permitted by law. (Acts 1990, No. 90-603,
p. 1094, §16.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-505.htm - 697 bytes - Match Info - Similar pages
|