11-40-68
Section 11-40-68 Foreclosure sale; form of deed. (a) Following the hearing and order of the
court in accordance with Section 11-40-66, the court shall cause a sale of the real property
to be advertised and conducted by the court in a manner similar to that procedure contemplated
by Section 40-10-15. The sale shall not occur earlier than 45 days following the date of the
order of the court. (b) Except as otherwise authorized by law, the minimum bid price for the
sale of the real property shall be the redemption amount. (1) In the absence of any bid higher
than the minimum bid price, the court or its designee shall bid in for the real property on
behalf of the Class 2 municipality or its designee in an amount equal to the minimum bid price,
thereby causing the Class 2 municipality to become the purchaser at the sale pursuant to Section
11-40-66. (2) A bid in on behalf of the Class 2 municipality or its designee shall be tendered
as a credit bid for that part of the minimum bid price...
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2-6-113
Section 2-6-113 Sale of bonds. Bonds may be sold by the corporation in series, and if sold
in more than one series may all be authorized in one initial resolution of the board of directors
with the pledges made in such initial resolution, although some of the details applicable
to each series may be specified in the respective resolutions under which the different series
are issued. Each series of the bonds may be sold at public or private sale, as determined
by the corporation, at such price or prices as the corporation shall determine, and, if sold
at public sale either on sealed bids or at public auction, on a basis determined by the corporation
to enable it to effect the sale of the bonds being sold at the lowest effective borrowing
cost to the corporation; provided, that if in the event of public sale of the bonds no bid
acceptable to the corporation is received it may reject all bids. Notice of each public sale
or summary notice of sale or both shall be given by publication in...
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22-23A-8
Section 22-23A-8 Bonds - Procedure for sale. The bonds and other evidences of indebtedness
of the authority may be sold at such time or times as the board of directors may deem advantageous.
The bonds shall be sold by competitive sale unless because of market conditions and/or credit
structures such a sale would be disadvantageous to the state. In the event such a determination
is made by the board of directors, the bonds shall be sold through a negotiated sale and the
managing underwriter(s) shall be selected based on criteria, which shall include but not be
limited to, experience, ability, responsiveness, and fee structure. Said criteria shall be
established by the board of directors and shall be included in a request for proposals for
the managing underwriter(s). Bonds sold at public sale shall be awarded to the bidder whose
bid reflects the lowest true interest cost to the authority for the bonds being sold, computed
to their respective absolute maturities; provided, that if no bid...
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35-4-380
Section 35-4-380 Lease of salt springs, etc. (a) The Commissioner of Conservation and Natural
Resources by and with the approval of the Governor may lease the salt springs and lands granted
to the state under the second clause of the sixth section of the act of Congress of March
2, 1819, to the best advantage, in conformity with the provisions of the grant or any amendment
thereto, and may sell the timber on said lands or any part thereof whenever he shall deem
it to the best interest of the state to do so. (b) The Commissioner of Conservation and Natural
Resources, by and with the approval of the Governor, on behalf of the state, is hereby authorized
to lease upon such terms as he may approve, the lands granted to the state under the second
clause of the sixth section of the act of Congress of March 2, 1819, or any right or interest
therein for the purpose of exploring for and mining or producing therefrom oil, gas, or other
minerals. (c) If oil, gas, or other minerals or products are...
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45-29-72
Section 45-29-72 Disposal of tangible personal property. (a) This section shall only apply
in Fayette County. (b) All contracts for the sale or disposal of tangible personal property,
equipment, or other items owned by or under the control of the county commission shall be
let by free and open competitive sealed bids. The chair of the county commission shall certify
to the description and condition of the property, shall give jurisdiction in writing for the
disposal of the property, shall estimate the value of the property, and shall keep the certification
as a part of the permanent record of the commission. Provided, however, tangible personal
property, equipment, or other items owned by or under the control of the county commission
may be sold at public auction once a year, after sufficient notice of the auction has been
given by the county commission. Provided further, that such tangible personal property, equipment,
or other items so owned by or under the control of the county...
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9-15-80
Section 9-15-80 Certain persons prohibited from bidding on or purchasing property. Officers
and employees of the department selling or leasing the real property and officers and employees
of the Department of Conservation and Natural Resources, as well as members of their families,
shall be excluded from bidding on the property at a public auction or by sealed bids. Other
officers or employees of the state shall not be excluded from bidding on or purchasing the
real property at public sale or sealed bid. (Acts 1995, No. 95-280, p. 507, §11.)...
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9-17-65
Section 9-17-65 Lands to be leased upon basis of competitive bids; invitations for bids; opening
of bids; acceptance or rejection of bids. All lands proposed to be leased under the provisions
of this division shall be leased only upon the basis of competitive bids. The Commissioner
of Conservation and Natural Resources shall obtain written, sealed competitive bids on every
proposed lease of each tract of such land. Invitations for bids shall be published in The
Montgomery Advertiser, Montgomery, Alabama, at least 25 days before the final date for submitting
bids. Invitations for bids shall contain a statement as to the final date for submitting bids;
the time and place at which the bids will be opened; and a legal description of the location
and the approximate acreage of the tract of land proposed to be leased. Publication of the
invitations for bids shall also be placed in a newspaper published in the county or counties
in which the land is located; however, if a typographical error...
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45-38-71.01
Section 45-38-71.01 Sale or disposal of county property. (a) This section shall only apply
in Lamar County. (b)(1) All contracts for the sale or disposal of real property, tangible
personal property, equipment, or other items owned by or under the control of the county commission
shall be let by free and open competitive sealed bids. The chair of the county commission
shall certify to the description and condition of the property, shall give jurisdiction in
writing for the disposal of the property, shall estimate the value of the property, and shall
keep the certification as a part of the permanent record of the commission. Tangible personal
property, equipment, or other items owned by or under the control of the county commission
which have trade-in value may be offered as a credit against the cost of property purchased
in accordance with the Alabama Competitive Bid Law. (2) Every proposal to make a sale covered
by this section shall be publicly advertised for four consecutive weeks...
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9-15-77
Section 9-15-77 Payment of expenses by department, board, bureau, etc., selling or leasing
property; payment of fee to Lands Division. The expenses of the appraisal and contemplated
sale or lease shall be paid by the department, board, bureau, commission, institution, corporation,
or agency offering the property for sale. The Lands Division of the state Department of Conservation
and Natural Resources shall receive a fee in reimbursement of its actual expenses for administering
the sale of real property under this article. The fee shall be disbursed to the Lands Division
in the final disposition of the funds received from the sale of the property. (Acts 1995,
No. 95-280, p. 507, §8.)...
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39-2-11
Section 39-2-11 Proceedings upon failure of successful bidders to execute contracts and furnish
bonds, etc.; death of a low bidder; effect of failure of awarding authorities to complete
execution of contracts and issue proceed orders; withdrawal of low bid upon discovery of mistake.
(a) Should the successful bidder or bidders to whom a contract is awarded fail to execute
a contract and furnish acceptable contract securities and evidence of insurance as required
by law within the period as set forth in Section 39-2-8, the awarding authority shall retain
from the proposal guaranty, if it is a cashier's check, or recover from the principal or the
sureties, if the guaranty is a bid bond, the difference between the amount of the contract
as awarded and the amount of the proposal of the next lowest bidder. If no other bids are
received, the full amount of the proposal guaranty shall be so retained or recovered as liquidated
damages for such default. Any sums so retained or recovered shall be...
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