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45-37-123.01
Section 45-37-123.01 Definitions. For the purposes of this part, the following terms shall
have the following meanings: (1) ACT. The act adding this part, to be called the General Retirement
System for Employees of Jefferson County Act. (2) ACTIVE MEMBER. An individual who currently
is employed by the county or other entities set forth in subdivision (20) and is making employee
contributions to the system. (3) ACTUARIAL EQUIVALENT. Effective July 30, 1984, or such other
dates as set forth in Exhibit A, which is maintained in the office of the pension board, a
form of benefit differing in time, period, or manner of payment from a specific benefit provided
under the plan but having the same value when computed using the mortality tables, the interest
rate, and any other assumptions last adopted by the pension board, which assumptions shall
clearly preclude any discretion in the determination of the amount of a member's benefit.
(4) ACTUARIAL GAIN. As defined in Section...
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11-47-172
Section 11-47-172 Procedure for condemnation and appeal; asssessment of value, etc. (a) Whenever
the proprietor or proprietors or any of them of any of the lands necessary for any of the
purposes provided in Section 11-47-171 or necessary for opening new streets or widening old
streets and the mayor or other chief executive officer cannot agree on a price of said lands
or cannot agree as to the amount to be paid for changing the grade of any street, sidewalk,
or public place and whenever the proprietor or proprietors thereof shall be an infant, non
compos mentis, a nonresident, or unknown, then the mayor or other chief executive officer
shall apply to the clerk of the circuit court of the county for a writ of ad quod damnum to
be directed to the sheriff of the county, commanding him to summon three freeholders of the
county to appear before the sheriff on a day named, not less than two days from the date of
the writ, and to proceed under his direction to assess a value of the lands of...
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13A-8-1
Section 13A-8-1 Definitions. The following definitions are applicable in this article unless
the context otherwise requires: (1) DECEPTION occurs when a person knowingly: a. Creates or
confirms another's impression which is false and which the defendant does not believe to be
true; or b. Fails to correct a false impression which the defendant previously has created
or confirmed; or c. Fails to correct a false impression when the defendant is under a duty
to do so; or d. Prevents another from acquiring information pertinent to the disposition of
the property involved; or e. Sells or otherwise transfers or encumbers property, failing to
disclose a lien, adverse claim, or other legal impediment to the enjoyment of the property
when the defendant is under a duty to do so, whether that impediment is or is not valid, or
is not a matter of official record; or f. Promises performance which the defendant does not
intend to perform or knows will not be performed. Failure to perform, standing...
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29-9-5
Section 29-9-5 Withdrawals from Education Trust Fund Budget Stabilization Fund. (a) Except
as provided in Section 29-9-3 and in subdivision (b), amounts in the Education Trust Fund
Budget Stabilization Fund may be withdrawn only to prevent proration in the Education Trust
Fund. The Governor must certify to the state Comptroller and notify the Legislature that proration
would occur in the Education Trust Fund before funds may be withdrawn to prevent proration.
Following the certification and notification by the Governor, withdrawals may be made from
the Education Trust Fund Budget Stabilization Fund to prevent proration; however, the withdrawals
shall be limited to the amount of the anticipated proration and funds allotted only to the
extent necessary to avoid proration of appropriations from the Education Trust Fund. Any funds
withdrawn from the Budget Stabilization Fund in excess of the amount necessary to avoid proration
shall be transferred back to the Budget Stabilization Fund...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/29-9-5.htm - 4K - Match Info - Similar pages
34-27-31
Section 34-27-31 Recovery Fund created; fees paid to fund; injured party's recovery from fund;
procedures, appeals, etc.; licensee to report any legal action taken against him or her. (a)
The commission shall establish and maintain a Recovery Fund from which an aggrieved party
may recover actual or compensatory damages, not including interest and court costs, sustained
only within the State of Alabama as a result of conduct of a broker or salesperson in violation
of Article 1 or 2 of this chapter or the rules and regulations of the commission. (b) Notwithstanding
any other provision to the contrary, payments from the Recovery Fund are subject to the following
conditions and limitations: (1) The fund shall not be obligated for the acts or omissions
of a broker or salesperson while acting on his or her own behalf or on behalf of his or her
child, spouse, or parent regarding property in which he or she or his or her spouse, child,
or parent has, or is attempting to acquire, an interest;...
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37-5-6
Section 37-5-6 Bonds - Authorization to issue; manner of issuance; repurchase; interim receipts,
etc. Each district shall have power and is authorized from time to time to issue its negotiable
bonds in anticipation of the revenues from an enterprise. Said bonds may be issued for any
corporate purpose or purposes of such district. Said bonds shall be authorized by resolution
of the board of such district and may be issued in one or more series, may bear such date
or dates, mature at such time or times not exceeding 40 years from their respective dates,
bear interest at such rate or rates, not exceeding six percent per annum, payable semiannually,
be in such denominations, be in such form, either coupon or registered, be executed in such
manner, be payable in such medium of payment, at such place or places and be subject to such
terms of redemption, with or without premium, be declared or become due before the maturity
date thereof, as such resolution or resolutions may provide. Said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-5-6.htm - 2K - Match Info - Similar pages
11-97-10
Section 11-97-10 Security for payment of bonds; contracts and agreements to secure. (a) Bonds
issued by any corporation may, as its board may deem advisable, be either general obligations
of such corporation or limited obligations payable only out of certain specified revenues
or assets of such corporation; provided, that any corporation may enter into contracts with
the holders of any of its bonds preventing such corporation from thereafter issuing general
obligation bonds or limiting the amount of such bonds that may thereafter be issued. To the
extent permitted by any contracts with the holders of outstanding bonds and any other contractual
obligations or requirements, any corporation may pledge any of its revenues or mortgage or
assign any of its assets, whether real or personal and whether tangible or intangible, to
secure the payment of any of its bonds. (b) As security for payment of the principal of and
the interest and premium, if any, on any bonds issued or assumed by it, any...
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22-4B-4
Section 22-4B-4 Maximum loan amount - Repayment by working for department or Federally-funded
Community Health Center - Balance due and payable upon demand for failure to remain employed
or for withdrawal from school. Any recipient who is granted a loan by the board shall be granted
a loan in an amount authorized by the board, not to exceed $20,000.00, plus the employee's
salary, if paid by the board while the employee attends school. This maximum loan amount may
be adjusted upward by the board not more than once every two years. When the number of qualified
applicants for loans exceeds the availability of funds, loans shall be granted by the board
based upon an assessment of needs by rural or underserved areas for registered nurses, and
based upon an assessment by the board of the merits of each individual application. Any loan
made and granted to a recipient shall be made based upon the following conditions of repayment:
(1) The loan recipient shall repay the loan by working for the...
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27-41-34
Section 27-41-34 Particular investments - Real estate. (a)(1) An insurer may acquire, invest
in, own, maintain, alter, furnish, and improve the following real estate: a. Land and buildings
used for home office and branch office purposes, together with such other real estate as is
required for the convenient transaction of its business; and b. Funeral home buildings used
in the servicing of burial insurance policies. (2) An insurer may lease to others part of
the real property otherwise occupied by it for home office and other purposes under paragraphs
a. and b. of subdivision (1) of this subsection, except that the value of the parts so leased
must be included in subdivision (2) of subsection (b) of this section. (3) Except as provided
in subsection (e) of this section, an insurer may not carry, as an admitted asset, real estate
acquired under this subsection following 10 years from the date when such real estate ceases
to be necessary for the convenient accommodation of the insurer in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-41-34.htm - 4K - Match Info - Similar pages
34-27-58
Section 34-27-58 Acts constituting violation of article - Failure to place 50 percent of cash,
etc., received in escrow; failure to provide liability insurance, etc. (a) It shall be a violation
of this article for a seller of vacation time-sharing lease plans to fail to: (1) Place in
escrow 50 percent of the cash and receivables received from the purchasers of such plans,
such receivables to be assessed at net principal value. a. The purpose of such escrow account
is to protect the purchaser's right to a refund if at any time the accommodations and facilities
are no longer available as provided in the contract; provided however, nothing contained in
this section shall operate to deny the seller the option to repair, replace, or reconstruct,
within a reasonable time, the accommodations or facilities, if destroyed or damaged. b. The
purchaser shall be entitled to a refund from the escrow account upon the conditions described
above in an amount which represents the buyer's pro rata share...
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