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16-13-90
Section 16-13-90 Purposes for which warrants issued. In any county in which a special county
tax shall have been voted under the constitution for such purpose or for school purposes generally,
and in any school district in which a special district tax shall have been voted under the
constitution for such purpose or for school purposes generally, the county board of education
or the city board of education, as the case may be, with the approval of the State Superintendent
of Education may issue and sell capital outlay warrants for the purposes of erecting, purchasing,
altering, enlarging, improving, repairing and equipping school buildings and school playgrounds,
and buildings for housing and repairing school buses, including sites for any such buildings
and playgrounds; and for the purpose of purchasing school buses; and for the purpose of acquiring
a school building already erected by another government body, which building is being transferred
to the use and jurisdiction of the board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-90.htm - 3K - Match Info - Similar pages
45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other powers
now or hereafter granted by law, the authority shall have the following powers, together with
all powers incidental thereto or necessary to the discharge thereof in corporate form: (1)
To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by the Jackson
County Commission which are required by law to be deposited to the credit of the Jackson County
Water Authority. c. The revenues derived from any water, sewer, or garbage system or facility
of the authority. (2) To pledge for payment of any bonds issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages
16-13-121
Section 16-13-121 Approval of issue by State Superintendent of Education. Before issuing any
warrants under Section 16-13-120, the county board of education or the city board of education,
as the case may be, shall cause an application for approval of such issue to be filed with
the State Superintendent of Education. Such application shall be in such form and shall contain
such information as the State Superintendent of Education may prescribe, and he may require
such further information as may be necessary relating to the proposed warrants or other financial
or educational matters under the control of such board of education. He shall not approve
the issue of any warrants which would jeopardize the state's Foundation Program of education
as prescribed by law and in accordance with the rules and regulations of the State Board of
Education. He shall not approve the issue of any warrants hereunder when the principal or
interest of any other warrants constituting a preferred claim against...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-121.htm - 3K - Match Info - Similar pages
16-13-91
Section 16-13-91 Approval of issuance. Before issuing any warrants hereunder the county board
of education or the city board of education, as the case may be, shall cause an application
for approval of such issue to be filed with the State Superintendent of Education. Such application
shall be in such form and shall contain such information as the State Superintendent of Education
may prescribe, and he may require such further information as may be necessary relating to
the proposed warrants or other financial or educational matters under the control of such
board of education. He shall not approve the issue of any warrants which would jeopardize
the state's Foundation Program of education as prescribed by law and in accordance with the
rules and regulations of the State Board of Education. He shall not approve the issue of any
warrants hereunder when the principal or interest of any other warrants constituting a preferred
claim against the same tax is overdue and unpaid, except...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-91.htm - 3K - Match Info - Similar pages
16-13-215
Section 16-13-215 Approval of note issue by state superintendent; procedure; conclusive determination.
(a) Before issuing any notes hereunder, the board of education by which such notes are proposed
to be issued shall cause an application for approval of such issuance to be filed with the
State Superintendent of Education. Such application shall be in such form and shall contain
such information as the State Superintendent of Education may prescribe, and he may require
such further information as may be necessary relating to the proposed notes or other financial
or educational matters under the control of such board of education. He shall not approve
the issue of any notes hereunder which would jeopardize the Minimum State Program of education
as prescribed by law and in accordance with the rules and regulations of the State Board of
Education. He shall not approve the issue of any notes hereunder when the principal of or
the interest on any other notes or any other warrants...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-13-215.htm - 2K - Match Info - Similar pages
16-16-14
Section 16-16-14 Use of bond proceeds for loans to local boards of education. The proceeds
derived from the sale of any bonds issued pursuant to subsection (b) of Section 3 of Act 98-373
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the authority, which shall pay therefrom the expenses of issuance thereof.
The proceeds from the sale of the bonds remaining after payment of the expenses of issuance
thereof shall be retained in such fund and, until they are paid out, shall be invested by
the State Treasurer at the direction of the authority in permitted investments which mature
at such time or times as the authority shall direct. Monies in the fund (whether original
proceeds from the sale of the bonds or principal proceeds of matured permitted investments)
shall be available for loan by the authority. The authority is hereby authorized to loan,
and each local board of education is hereby authorized to borrow, such monies under...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16-14.htm - 3K - Match Info - Similar pages
16-60-351
Section 16-60-351 Credit for qualifying education expenses. (a)(1) For tax years commencing
January 1, 2015, and thereafter, a taxpayer who files a state income tax return and is not
a dependent of another taxpayer may claim a tax credit for a contribution made to the Department
of Postsecondary Education for qualifying educational expenses directly associated with the
Career-Technical Dual Enrollment Program as defined by State Board of Education policy. (2)
The tax credit may be claimed by the taxpayer in an amount equal to 50 percent of the total
contribution or contributions made to the Department of Postsecondary Education during the
taxable year for which the credit is claimed, but such credit is not to exceed an amount greater
than 50 percent of the taxpayer's total Alabama income tax liability, and in no case more
than five hundred thousand dollars ($500,000) for any given tax year. (3) The cumulative amount
of tax credits issued pursuant this article shall not exceed five...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-60-351.htm - 2K - Match Info - Similar pages
33-2-192
Section 33-2-192 Docks facilities revenue bonds and refunding bonds - Pledge. All moneys hereby
pledged shall constitute a sinking fund for the purpose of paying the principal of, premium,
if any, and the interest on the docks facilities revenue bonds and refunding bonds. As security
for the payment of the principal of, premium, if any, and interest on the docks facilities
revenue bonds and the refunding bonds issued under this article, the department is authorized
to pledge the proceeds of the pledge herein provided for, including moneys on deposit in any
interest account or reserve account herein authorized to be created and the interest income
from the investment of moneys on deposit in such interest account or reserve account, and
the docks facilities construction and acquisition account. Any pledge made pursuant to this
section shall be valid and binding from the time the pledge is made. The income or revenue
so pledged shall immediately be subject to the lien of the pledge...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-192.htm - 1K - Match Info - Similar pages
40-9-1
Section 40-9-1 Persons and property generally. The following property and persons shall be
exempt from ad valorem taxation and none other: (1) All bonds of the United States and this
state and all county and municipal bonds issued by counties and municipalities in this state,
all property, real and personal, of the United States and this state and of county and municipal
corporations in this state; all cemeteries, all property, real and personal, used exclusively
for religious worship, for schools or for purposes purely charitable; provided, that property,
real or personal, owned by any educational, religious or charitable institution, society or
corporation let for rent or hire or for use for business purposes shall not be exempt from
taxation, notwithstanding that the income from such property shall be used exclusively for
education, religious or charitable purposes; all mortgages, together with the notes, debts
and credits secured thereby on real and personal property situated in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-9-1.htm - 10K - Match Info - Similar pages
11-81-181
Section 11-81-181 Pledge of revenues from systems for payment of principal and interest on
bonds; disposition of gross revenues from operation of system generally. (a) In the authorizing
proceedings the borrower shall pledge for payment of the principal and interest on bonds issued
under this article the revenues derived from operation of a system or systems of the borrower
out of which such bonds are made payable; provided, that the borrower may reserve the privilege
of using for any lawful purpose surplus revenues from such system or systems remaining after
compliance with the provisions of this section and any additional requirements contained,
as provided for in this article, in the authorizing proceedings or in a trust indenture. (b)
In the authorizing proceedings or in a trust indenture provided for therein, the borrower
shall agree to deposit the gross revenues from such system or systems daily, as received by
the borrower, into a "gross revenue account" and to apply the gross...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-181.htm - 3K - Match Info - Similar pages
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