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23-1-158
Section 23-1-158 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 turned in to the Treasury or shall be deposited into such account or accounts as
specified in the resolution of the board of directors whereunder such bonds are authorized
to be issued, and shall be subject to be drawn on upon the approval of the Department of Transportation
solely for the purpose of constructing, reconstructing, and relocating public roads, bridges
and approaches thereto, tunnels, other public roadway improvements, or work incidental or
related thereto, in the State of Alabama, including the acquisition of property necessary
for such construction, reconstruction, and relocation and incidental and related work. If
action is necessary in order to comply with any federal legislation relating to federal aid
in construction of roads, the corporation may authorize the...
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23-1-313
Section 23-1-313 Bonds and notes - Disposition of proceeds from sale. The authority shall pay
out of the proceeds from the sale of the obligations authorized by this article all expenses
that the board of directors may deem necessary and advantageous in connection with the sale
and issuance thereof. The proceeds from the issue of any obligations authorized by this article,
(i) except the proceeds of bonds which were issued to pay principal and interest of temporary
bonds or notes and in anticipation of which such temporary bonds or notes shall have been
issued, and (ii) except the proceeds of refunding bonds issued to refund any outstanding obligation,
remaining after paying the expenses of their sale and issuance, shall be deposited in the
State Treasury, shall be credited to the Road and Bridge Fund and shall be subject to be withdrawn
by the authority, upon the approval of the State Department of Transportation and the Governor,
but only for the purpose of paying the federal share...
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29-2-1
Section 29-2-1 Legislative findings and intent. The Legislature hereby finds and declares as
follows: improving the efficiency, cost effectiveness and performance of all branches of government
can only be achieved with proper oversight, accountability, and transparency in government
decision making and processes for service delivery; a long-range program of highway development
and maintenance in Alabama (herein "the state") is vital to the safety of the traveling
public as well as the industrial and agricultural growth of the state; the highway system
in the state must be adequate to meet expanding needs; highway construction, maintenance,
and administration to support such a system should include long-range planning, soundness
in scope of the highway program, efficient performance, and fiscal responsibility in both
policy and planning; the use of a long-range highway program will further the judicious expenditure
of highway funds, will promote the public safety and convenience, will...
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37-11B-5
Section 37-11B-5 Actions in accordance with State Rail Plan or studies. (a)(1) Based on information
gathered in the State Rail Plan or any studies conducted pursuant to subdivision (5) of Section
37-11B-4, ADECA with the assistance of the commission for purposes of promoting passenger
or freight rail service, or both, may do all of the following: a. Select or recommend routes
and locations, perform preliminary engineering and surveying, acquire necessary rights-of-way
and property, perform site improvements, and otherwise plan, develop, construct, and own a
rail line, or portion thereof, that connects to the rail line of a railroad corporation. b.
Take any action described in subdivision (1) for the purpose of assisting a railroad corporation
or other entity in developing, constructing, improving, and owning a rail line, or portion
thereof, for any other purpose as approved by ADECA that promotes economic development associated
with rail infrastructure or passenger or freight rail...
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41-16A-3
supervision; each public corporation that conducts one or more state educational institutions
under its supervision; and any public corporation arising under or organized pursuant to any
statute of the state. (c) GRANTOR PARTY. The lessor under a lease or lease-purchase contract,
grantor under an installment-purchase contract, or other comparable party under any other
alternative financing contract. Unless otherwise indicated by the context, each reference
to grantor party shall include any assignee of the rights of the grantor party under the alternative
financing contract. (d) ELIGIBLE PROPERTY. Any tangible personal property, or any interest
therein, including without limitation any goods, supplies, materials, appliances, equipment,
furnishings, and/or machinery, whether or not such items constitute fixtures. (e) STATE. The
State of Alabama. (f) SUBJECT PROPERTY. The eligible property which is the subject of an alternative
financing contract. (Acts 1993, No. 93-261, p. 389, ยง3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16A-3.htm - 2K - Match Info - Similar pages
41-9-990
Section 41-9-990 Legislative findings. The Legislature of Alabama finds and declares all of
the following: (1) On Sunday, March 7, 1965, citizens participating in a peaceful march while
seeking their voting rights were beaten as they attempted to cross the Edmond Pettus Bridge
in Selma, Alabama. (2) The initial impetus for the march on March 7, 1965, derived from the
killing of Jimmy Lee Jackson in Marion, Alabama, and the majority of the citizens on the march
were citizens of Perry County, Alabama, who had traveled in a processional from Marion via
Highway 14 to Selma, Alabama. (3) On March 21, 1965, the Selma to Montgomery March brought
international attention to the State of Alabama. (4) Over 25,000 people marched together in
a fight for the right to vote, free and fair from any discrimination. (5) Due in part to the
effort of the participants in the Selma to Montgomery March, the federal government enacted
the Voting Rights Act of 1965, thereby protecting the right of all citizens...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-9-990.htm - 2K - Match Info - Similar pages
9-14E-8
Section 9-14E-8 Powers for funding, etc. Subject to compliance with applicable provisions of
the Constitution of Alabama of 1901, as amended, the state or any political subdivision of
the state, upon approval by the governing body thereof in accordance with law and upon such
terms and with or without consideration as it determines, may do all of the following: (1)
Lend or donate money for, or perform services for the benefit of, the project. (2) Donate,
sell, convey, transfer, lease, or grant any property of any kind to, or for the use or benefit
of, the project. (3) Grant abatements of taxes for the benefit of the project, provided however,
that there shall be no abatement of taxes of which the proceeds are designated for the benefit
of public education. (4) Do any and all things, whether or not specifically authorized in
this section, not otherwise prohibited by law, that are necessary or convenient to aid the
planning, undertaking, acquisition, construction, financing, maintenance,...
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11-50A-1
this chapter and any successor or successors thereto. (2) BOARD. The board of directors of
the authority. (3) BONDS. Any bonds issued by the authority under the provisions of this chapter,
including refunding bonds. (4) BOND ANTICIPATION NOTES. Short term obligations issued by the
authority in anticipation of the issuance of bonds. (5) COSTS. All costs of acquisition, construction,
reconstruction, improvement, equipment, alteration, repair, or extension of any project; all
costs of real and personal property required for the purposes of any project, including
any rights or undivided interest therein; all costs of easements, franchises, water rights,
fees, permits, approvals, licenses, and certificates, and all costs of securing any permits,
approvals, licenses, and certificates, and preparing applications therefor; all costs of machinery
and equipment, including equipment for use in connection with construction; all costs of the
initial fuel supply or additional fuel inventories...
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11-92C-15
Section 11-92C-15 Failure to pay past due assessments. If any user, lessee, or owner of the
project fails to pay when due, with time being of the essence, any assessments or fees due
under this chapter, including, but without limitation, any payments in lieu of taxes, collectively
"past due assessment," then the authorizing subdivision or authority, or their designated
agents, collectively the "fee collector," may commence proceedings to foreclose
on the land and improvements of the user, lessee, or owner of the project having land within
the State of Alabama, subject to the terms of any executed agreement between the fee collector
and the user, lessee, or owner of the project, as follows: (1) A fee collector shall send
a letter by means of United States certified mail, return receipt requested, to the last known
address of the user, owner, or lessee of the project. The address of the user, owner, or lessee
as shown in the tax assessment records of the tax assessor or revenue...
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11-92C-23
Section 11-92C-23 Loans, sales, grants, guarantees, and contractual or lease obligations of
money or property. (a) For the purpose of securing services of or the right to use or the
use by its citizens or customers of one or more projects of an authority, a cooperative district
of which the authority is a member, or any private user, or aiding or cooperating with the
authority, a cooperative district of which the authority is a member, or any private user
in the planning, development, undertaking, acquisition, construction, extension, improvement,
financing, operation, or protection of a project, any county, municipality, or other political
subdivision, public corporation, agency, or instrumentality of this state, upon such terms
and with or without consideration, as it determines, may do all of the following: (1) Lend
or donate money to, guarantee all or any part of the indebtedness or operating expense of,
or perform services for the benefit of, the authority, a cooperative district...
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