11-55-4
Section 11-55-4 Bonds - Security for payment of principal and interest. The principal of and
interest on any bonds issued under the authority of this chapter shall be secured by a pledge
of the revenues out of which such bonds shall be made payable, may be secured by a mortgage
covering all or any part of the project from which the revenues so pledged may be derived
and may be secured by a pledge of the lease of such project. The proceedings under which such
bonds are authorized to be issued or any such mortgage may contain any agreements and provisions
customarily contained in instruments securing bonds, including, without limiting the generality
of the foregoing, provisions respecting the fixing and collection of rents for any project
covered by such proceedings or mortgage, the terms to be incorporated in the lease of such
project, the maintenance and issuance of such project, the creation and maintenance of special
funds from the revenues from such project and the rights and...
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23-8-5
Section 23-8-5 Program purposes; annual report. (a) The net tax proceeds allocated to ALDOT
in subsection (c) of Section 40-17-371 shall be used for the following program purposes, and
ALDOT shall annually report the results of the programs and itemize the specific projects
to the Permanent Joint Transportation Committee of the Alabama Legislature in compliance with
such procedures established by or for the committee: (1) Congestion Relief Program - The purpose
of this program is to add capacity to state, U.S., and Interstate routes in highly congested
areas of the state. ALDOT shall develop an assessment and prioritization plan to allocate
funds for congestion relief projects on the state's transportation infrastructure. (2) Economic
Development Roads Program - The purpose of this program is to develop and improve transportation
infrastructure to enhance economic development efforts in the State of Alabama. ALDOT shall
develop an assessment and prioritization plan to allocate funds...
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26-16-6
Section 26-16-6 Child Abuse and Neglect Prevention Board - Duties and functions of board and
department. (a) The state board shall do all of the following: (1) Meet not less than twice
annually at the times prescribed in Section 26-16-5(a). (2) Transmit to the Governor a list
of individuals recommended to fill the position of director. (b) The department, with the
approval of the state board, shall do all of the following: (1) Annually develop a state plan
for the distribution of funds from the trust fund. The plan shall assure that an equal opportunity
exists for establishment of prevention programs and receipt of trust fund money among all
geographic areas in this state. The plan shall be transmitted to the Speaker of the House,
the President Pro Tempore of the Senate, to the Governor, and to the Government Finance and
Appropriations Committee of the House of Representatives, or its successor, and the Committee
on Finance and Taxation General Fund of the Senate, or its successor. (2)...
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27-33-13
Section 27-33-13 Trusteed assets - Withdrawal. (a) The trust agreement shall provide, in substance,
that no withdrawals of trusteed assets shall be made by the insurer or permitted by the trustee
without the written authorization or approval of the commissioner in advance thereof except
as follows: (1) Any or all income, earnings, dividends, or interest accumulations of the trusteed
assets may be paid over to the United States manager of the insurer upon request of the insurer
or the manager; (2) For substitution, coincidentally with such withdrawal, of other securities
or assets of value at least equal in amount to those being withdrawn, if such substituted
securities or assets are likewise such as are eligible for investment of the funds of like
domestic insurers and if such withdrawal is requested in writing by the insurer's United States
manager pursuant to general or specific written authority previously given or delegated by
the insurer's board of directors, or other similar...
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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...
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9-14A-21
Section 9-14A-21 Joint Legislative Committee on State Parks. (a) Any appropriations made herein
shall be subject to the study, review, concurrence, and approval of the Joint Legislative
Committee on State Parks, previously established under the name of Alabama State Parks System
Joint Study Committee, which is hereby created. The Joint Legislative Committee on State Parks
is created to study, review, and concur in the long-range capital plan for restoration of
existing state park facilities and the acquisition of new state park facilities. The joint
committee shall be composed of a total of 12 members, as follows: The six members serving
on the Alabama State Parks System Joint Study Committee on May 23, 2000; the Chair of the
Senate Conservation, Environment and Natural Resources Committee and the Chair of the House
Agriculture, Forestry and Natural Resources Committee; two members of the Senate to be appointed
by the Governor; and two members of the House of Representatives to be...
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11-92A-23
Section 11-92A-23 Special reserve funds and applications for appropriations. (a) In addition
to all other powers at any time conferred upon an authority by law, an authority may, in connection
with the issuance of any bonds hereunder, create and establish one or more special debt service
reserve funds (a "debt service reserve fund"), and may pay or cause to be paid into
each debt service reserve fund (i) proceeds from bonds issued pursuant hereto to the extent
provided by the authority authorizing the issuance thereof; (ii) any moneys appropriated and
made available by the Legislature for the purpose of such fund; and (iii) any other moneys
that may be made available to the authority from any other source for the purpose of such
fund. All moneys held in a debt service reserve fund shall be used solely for the payment
of the principal of, premium, if any, and interest on bonds secured, in whole or in part,
by that fund when and as the same become due and payable as provided in the...
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11-92C-3
Section 11-92C-3 Filing of application; authorization of incorporation by governing body of
an authorizing subdivision. (a) An authority may be organized pursuant to this chapter. In
order to incorporate a public corporation, any number of natural persons, not less than three,
who are duly qualified electors of the authorizing subdivision, shall first file a written
application with the governing body of the authorizing subdivision, which shall contain all
of the following: (1) A statement that the applicants propose to incorporate the authority
pursuant to this chapter. (2) A statement of the proposed location of the principal office
of the authority, which shall be within the corporate limits of a municipality or geographical
limits of a county. (3) A general description of the proposed project. (4) A map or legal
description or other description of the proposed local redevelopment area. (5) A statement
that each of the applicants is a duly qualified elector residing in the...
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16-46-3
Section 16-46-3 Exemptions from chapter; records of private postsecondary institutions ceasing
operations. (a) This chapter shall not apply to any school offering instruction in grades
K-12, or any combination thereof, including any person in regard to the operation of such
K-12 school. (b) This chapter shall not apply to any of the following private postsecondary
institutions, including any person in regard to the operation of such private postsecondary
institution: (1) Schools operated on a nonprofit basis offering only courses or programs of
study which do not lead to an associate or baccalaureate degree and are limited in nature
to the performance of or preparation for the ministry of any established church, denomination,
or religion. (2) Courses conducted by employers exclusively for their employees and courses
conducted by labor unions exclusively for their members. (3) Schools, colleges, and universities
principally operated and supported by the State of Alabama or its political...
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2-5A-1
Section 2-5A-1 Establishment; powers and duties. (a) The Farmers' Market Authority is established
in the Department of Agriculture and Industries. The authority shall have the powers and duties
to establish agricultural markets to prevent waste and to provide marketing facilities where
farm products, including fruits, vegetables, nuts, truck crops, and other agricultural commodities,
and fish products, including, but not limited to, farm-raised fish, shellfish, and wild fish,
may be processed, graded, packaged, displayed, or exhibited in order to encourage the buying
and selling of the commodities, and to encourage the public interest, thus promoting good
will between the rural and urban sectors of the State of Alabama. The Commissioner of the
Department of Agriculture and Industries, with approval of the Board of Agriculture and Industries,
may procure by purchase, lease, rent, gift, or otherwise, necessary market sites in this state
on which to conduct farmers' markets. (b)...
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