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41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST FUND.
The trust fund of the state created under Amendment 450 to the Constitution of Alabama of
1901, and appearing as ยง219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-759.
(3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established pursuant
to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued pursuant to
this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement of
economic damages claims of the state against BP Exploration and Production, Inc. and any of
its corporate affiliates arising out of the Deepwater Horizon oil spill...
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11-101A-21
Section 11-101A-21 Exemption from taxation. All properties of an authority, whether real, personal,
or mixed, and the income therefrom, all securities issued by an authority and the income therefrom,
and all indentures and other instruments executed as security therefor, all leases made pursuant
to this chapter and all revenues derived from such leases, and all deeds and other documents
executed by or delivered to an authority shall be exempt from any and all taxation by the
state, or by any county, municipality, or other political subdivision of the state, including,
but without limitation to, license and excise taxes imposed in respect of the privilege of
engaging in any of the activities in which an authority may engage. An authority shall not
be obligated to pay or allow any fees, taxes, or costs to the judge of probate of any county
in respect of its incorporation, the amendment of its certificate of incorporation, or the
recording of any document. The gross proceeds of the sale...
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22-21-333
Section 22-21-333 Exemptions from taxation. All properties of an authority, whether real, personal
or mixed, and the income therefrom, all securities issued by an authority and the coupons
applicable thereto and the income therefrom, and all indentures and other instruments executed
as security therefor, all leases made pursuant to the provisions of this article and all revenues
derived from any such leases, and all deeds and other documents executed by or delivered to
an authority shall be exempt from any and all taxation by the state, or by any county, municipality
or other political subdivision of the state, including, but without limitation to, license
and excise taxes imposed in respect of the privilege of engaging in any of the activities
in which an authority may engage. An authority shall not be obligated to pay or allow any
fees, taxes or costs to the judge of probate of any county in respect of its incorporation,
the amendment of its certificate of incorporation or the...
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45-39-221.10
Section 45-39-221.10 Exemption from taxation. All property of the tourism board, whether real,
personal, or mixed, and the income therefrom, all notes or other evidences of indebtedness
executed or issued by the tourism board and the income therefrom, and all instruments executed
as security therefor, all leases made pursuant to this part and all revenues derived from
any such leases, and all deeds and other documents executed by or delivered to the tourism
board, shall be exempt from any and all taxation by the state, or by the county, any municipality,
or any other political subdivision of the state, including, but without limitation to, license
and excise taxes imposed in respect of the privilege of engaging in any of the activities
in which the tourism board may engage. The tourism board shall not be obligated to pay or
allow any fees, taxes, or costs to the judge of probate of any county in respect of the recording
of any document. Further, the gross proceeds of the sale of any...
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11-101A-2
Section 11-101A-2 Definitions. As used in this chapter, the following terms shall have the
following meanings, respectively, unless the context clearly indicates otherwise: (1) APPLICANT.
A natural person who files a written application with the governing body of a county or municipality,
or two or more thereof, in accordance with Section 11-101A-3. (2) AUTHORITY. A public corporation
organized pursuant to this chapter. (3) AUTHORIZING RESOLUTION. A resolution adopted by the
governing body of an authorizing subdivision in accordance with Section 11-101A-3, that authorizes
the incorporation of an authority under this chapter. (4) AUTHORIZING SUBDIVISION. Each county
and municipality with the governing body of which an application for the incorporation of
an authority under this chapter is filed. (5) BOARD. The board of directors of an authority.
(6) BONDS. Any bonds authorized to be issued by an authority hereunder, including refunding
bonds. (7) CODE. The Code of Alabama 1975. (8)...
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23-1-178
Section 23-1-178 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the corporation remaining after paying the expenses of their issuance
shall be deposited in the State Treasury and credited to the Road and Bridge Fund, and shall
be subject to be drawn on by the corporation, upon the approval of the State Department of
Transportation, but solely for the purpose of constructing, reconstructing , or relocating
public roads and bridges, or work incidental or related thereto, including the acquisition
of property necessary therefor, in the State of Alabama; provided, that such funds may be
used only for payment of the state's share or the costs thereof to be paid by any county or
municipality within the state, of the cost of constructing, reconstructing, or relocating
public roads and bridges, or work incidental or related thereto, which have been or will be
constructed, reconstructed, or relocated under programs financed jointly by the...
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23-2-153
Section 23-2-153 Exemptions from levy, charge, assessment, collection, etc., of certain taxes;
certificate of exemption. (a) The exercise of the powers granted by this article shall be
in all respects for the benefit of the people of the state, for the increase of their commerce
and prosperity, and for the improvement of their health and living conditions. Since the ownership,
operation, and maintenance of toll road, bridge, or tunnel projects by the authority will
constitute the performance of essential functions, the authority, department, and any concessionaire,
or any contractor, subcontractor, or agent thereof, shall not be required to pay the taxes
or assessments as specifically authorized in this section upon any toll road, bridge, or tunnel
project or any property acquired or used by the authority, department, or any concessionaire
under this article. (b) An income, excise, or license tax or assessment may not be levied
upon or collected in the state with respect to any...
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11-49A-9
Section 11-49A-9 Rates for public transportation service. Rates, fees, and charges for public
transportation service rendered by the authority from any of its transit systems shall be
fixed and from time to time revised as at all times to provide funds that, when added to all
other revenues (including tax proceeds) anticipated to be received by the authority, will
be at least sufficient: (1) To pay the cost of operating, maintaining, repairing, replacing,
extending, and improving systems from which such services are rendered; (2) To pay the principal
of and the interest on all bonds issued and obligations assumed by the authority, that are
payable out of the revenues derived from operation of those systems, as the said principal
and interest become due and payable; (3) To create and maintain such reserve for the foregoing
purposes or any of them as may be provided in any mortgage and deed of trust or trust indenture
executed by the authority hereunder or in any resolutions of the board...
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41-10-541
Section 41-10-541 Definitions. (a) The following words and phrases used in this division, 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) APPROPRIATED
FUNDS. Net TVA payments to the extent such payments are pledged and appropriated to the authority
pursuant to Section 41-10-550. (2) AUTHORITY. The public corporation organized pursuant to
this division. (3) AUTHORITY GUARANTY. An agreement of the authority pursuant to which the
payment of debt service referable to bonds, notes, or other evidences of indebtedness of a
development agency is guaranteed by the authority. (4) AUTHORITY OBLIGATIONS. Bonds of the
authority and authority guaranties. (5) AUTHORITY-GUARANTEED OBLIGATIONS. Bonds, notes, or
other evidences of indebtedness of a development agency that are issued solely for the purpose
in financing a project and that are guaranteed, in whole or in part,...
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45-49A-64.08
Section 45-49A-64.08 Rates, fees, and charges. Rates, fees, and charges for public transportation
service rendered by the authority from any of its transit systems shall be fixed and from
time to time revised as at all times to provide funds that, when added to all other revenues
(including tax proceeds) anticipated to be received by the authority, will be at least sufficient
to do all of the following: (1) To pay the cost of operating, maintaining, repairing, replacing,
extending, and improving the systems from which such services are rendered. (2) To pay the
principal of and the interest on all bonds issued and obligations assumed by the authority,
that are payable out of the revenues derived from operation of those systems, as the principal
and interest become due and payable. (3) To create and maintain such reserve for the foregoing
purposes or any of them as may be provided in any mortgage and deed of trust or trust indenture
executed by the authority hereunder or in any...
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