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10A-20-7.01
Section 10A-20-7.01 Definitions. For the purposes of this article, the following terms shall
have the meanings respectively ascribed to them by this section: (1) BOARD OF DIRECTORS. The
board of directors of the corporation created under this article. (2) CORPORATION. An Alabama
industrial development corporation created under this article. (3) FINANCIAL INSTITUTION.
Any banking, mortgaging corporation or trust company, savings and loan association, insurance
company or related corporation, partnership, foundation, pension funds or other institution
engaged primarily in lending or investing funds. (4) LOAN LIMIT. For any member, the maximum
amount permitted to be outstanding at one time on loans made by the member to the corporation,
as determined under the provision of this article. (5) MEMBER. Any financial institution authorized
to do business within this state which shall undertake to lend money to a corporation created
under this article, upon its call and in accordance with the...
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26-16-9
Section 26-16-9 Child Abuse and Neglect Prevention Board - Disbursement generally. (a) The
state board may authorize the disbursement of available money from the trust fund exclusively
for the following purposes, which are listed in the order of preference for expenditure: (1)
To fund a private nonprofit or public organization in the development or operation of a program
if at least all of the following conditions are met: a. The appropriate local council has
reviewed the program. This paragraph does not apply if a local council does not exist for
the geographic area to be served by the program. b. The organization demonstrates an ability
to match, through money or in-kind services, 50 percent of the amount of any trust fund money
received. Not more than 50 percent of the local match shall be in in-kind services. In-kind
services are subject to the approval of the state board. c. The organization demonstrates
a willingness and ability to provide program models and consultation to...
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11-54-86
Section 11-54-86 Board of directors. The industrial development board shall have a board of
directors in which all powers of the board shall be vested and which shall consist of any
number of directors, not less than seven, five of whom shall be duly qualified electors of
and taxpayers in the municipality. At the discretion of the municipal governing body, all
of the remaining members shall be qualified electors and taxpayers of the municipality, or
up to two of the remaining members may be qualified electors and taxpayers in the area outside
of the corporate limits of the municipality where a project may be located. The directors
shall serve without compensation except that they shall be reimbursed for their actual expenses
incurred in and about the performance of their duties under this article. No director shall
be an officer or employee of the municipality. The directors shall be elected by the governing
body of the municipality, and they shall be so elected that they shall hold...
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41-10-36
Section 41-10-36 Definitions. Unless the context requires otherwise, the terms defined in this
section shall have the following meanings for purposes of this division: (1) AFFECTED BOND.
Any obligation or portion thereof which is required under the terms of the code to receive
an allocation of the state ceiling as a condition for the exclusion of interest on such obligation
from the gross income of the recipient thereof for federal income tax purposes. (2) ALLOCATION.
An allocation of a portion of the state ceiling issued by the authority pursuant to the provisions
of this division. (3) APPLICATION. An application for an allocation, submitted by an issuer
under the provisions of this division. (4) APPLICATION FOR CARRYFORWARD ALLOCATION. Any application
filed with the authority seeking an elective carryforward of unused limitation for a "carryforward
purpose" as defined in Section 146(f)(5) of the code. (5) AUTHORITY. The State Industrial
Development Authority, a public corporation of...
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41-10-44.11
Section 41-10-44.11 Publication of notice; time limitation on actions questioning bonds or
proceedings. Upon the adoption by the board of directors of the authority of any resolution
providing for the issuance of project obligations, the authority may, in its discretion, cause
to be published once a week for two consecutive weeks, in newspapers published or having a
general circulation in the Cities of Birmingham, Montgomery, Huntsville and Mobile, a notice
in substantially the following form (the blanks being properly filled in) at the end of which
shall be printed the name and title of either the president or the secretary of the authority:
"The State Industrial Development Authority, a public corporation under the laws of the
State of Alabama, on the ______ day of ___, authorized the issuance of $___ principal amount
of bonds or other obligations of the said public corporation for purposes authorized in Title
41, Chapter 10, Article 2A. The proceeds from the sale of the said...
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41-29-5
Section 41-29-5 Reorganization of department. On the date determined pursuant to Section 41-29-6,
the Department of Commerce shall be reorganized into two divisions that shall have the functions
prescribed as follows: (1) The Business Development Division shall be responsible for all
of the functions of the Department of Commerce as it existed before date determined pursuant
to Section 41-29-6, including, but not limited to, small business advocacy; the functions
performed by the Alabama Small Business Commission, created and functioning pursuant to Section
41-29-240 and international trade. (2) The Workforce Development Division shall be comprised
of the following entities which shall report to the Deputy Secretary of the division: The
Workforce Development Division and Workforce Investment Division of the Department of Economic
and Community Affairs, formerly Chapter 23 of Title 41, the Alabama Industrial Development
and Training Institute, formerly functioning pursuant to Sections...
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45-18-90.01
Section 45-18-90.01 Conecuh County Reservoir Management Area Authority - Creation; board of
directors. (a) The Conecuh County Reservoir Management Area Authority is created, and may
incorporate under the general laws of this state as a public corporation and political subdivision
of the State of Alabama for the purpose of developing that part of Murder Creek and its tributaries
and watershed area located in Conecuh County and the area managed by the authority for purposes
of water conservation, flood management, industrial development, recreation, irrigation, and
related purposes. (b) The authority shall be governed by a board of directors which shall
consist of one member appointed by each of the county commission members, to serve at the
pleasure of the appointing members of the county commission. A board member is not required
to be a resident of Conecuh County. The board shall elect at its first meeting of each year
a chair to preside over meetings of the board. Meetings shall be...
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23-7-3
Section 23-7-3 Creation; purpose; accounts. (a) There is created a public corporation to be
known as the Alabama Transportation Infrastructure Bank. (b) The bank is governed by a board
of directors as provided in this chapter. (c) The corporate purpose of the bank is to select
and assist in financing major qualified projects by providing loans and other financial assistance
to government units for constructing and improving highway and transportation facilities necessary
for public purposes including economic development. (d) The bank shall establish and maintain
at least the following accounts: (1) State highway account. (2) Federal highway account. (Act
2015-50, ยง3.)...
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45-25-92
Section 45-25-92 Industrial Development Authority - Creation; composition. (a) For the purpose
of promoting industry and trade and to assist the county commission in DeKalb County in their
pursuits therefor, there is created an Industrial Development Authority for DeKalb County
which shall be composed of 19 members. All members of the authority shall be residents and
qualified electors of DeKalb County. The mayor and council from each of the following municipalities
shall appoint one member from such municipality: Fort Payne, Valley Head, Mentone, Hammondville,
Ider, Henager, Sylvania, Rainsville, Powell, Shiloh, Fyffe, Geraldine, Crossville, and Collinsville.
Provided however that none of the aforementioned appointees shall be an elected official of
the municipality. Each of the four county commissioners shall appoint one member from outside
the above-named municipalities. (b) The chair of the county commission shall serve as a member.
All members of the authority shall serve for...
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22-37A-3
Section 22-37A-3 Scope of chapter; functions of board. (a) With regard to facilities, the scope
of this chapter shall not exceed the requirements of Title IV of the Federal Toxic Substances
Control Act. (b) The board may develop a statewide program to identify and reduce the threat
to human health posed by exposure to lead. In furtherance of this purpose, the board may perform
each of the following functions: (1) Conduct and supervise development programs and studies
to determine the source, effect, and hazards of lead. (2) Conduct research or participate
in research within the state. (3) Collect and disseminate information. (4) Make contracts
and execute instruments that are necessary or convenient to the exercise of its powers or
the performance of its duties under this chapter. (5) Encourage voluntary cooperation by persons
or affected groups to achieve the purposes of this chapter. (6) Assist persons in evaluating
existing or potential health hazards from lead, including, but not...
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