|
45-9-243.40
Section 45-9-243.40 Privilege or license tax. (a) The following words, terms, and phrases,
when used in this section, shall have the meanings ascribed to them in this subsection, except
where the context clearly indicates a different meaning: (1) PERSON. Any natural person, firm,
partnership, association, corporation, receiver, trust, estate, or other entity, or any other
group or combination of any thereof acting as a unit. (2) COUNTY. Chambers County, Alabama.
(3) BUSINESS. All activities engaged in, or caused to be engaged in, by any person with the
object of gain, profit, benefit, or advantage, either direct or indirect to such person. (4)
GROSS PROCEEDS. The value proceeding or accruing from the leasing or rental of tangible personal
property, without any deduction on account of the cost of the property so leased or rented,
the cost of materials used, labor, or service cost, interest paid or any other expenses whatsoever,
and without any deduction on account of loss and shall also...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-9-243.40.htm - 13K - Match Info - Similar pages
22-21-330
Section 22-21-330 Lease agreements with authorizing subdivision; terms; renewal options; special
pledge as security for payment of rental, etc.; use of vacant space. (a) Each authority and
any authorizing subdivision are hereby respectively authorized to enter into one or more lease
agreements with each other whereunder any health care facilities situated within (or within
10 miles of) such authorizing subdivision or any part thereof shall be leased by the authority
to such authorizing subdivision, but if and only if such authorizing subdivision is then permitted
by law to operate such health care facilities, to issue its bonds, warrants, notes or other
securities therefor and to pledge for the benefit of any such securities its full faith and
credit. No such lease agreement shall be for a term longer than the then current fiscal year
in which it is made. Any such lease agreement may, however, contain a grant to such authorizing
subdivision of successive options to renew such lease...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-330.htm - 6K - Match Info - Similar pages
16-3-28
Section 16-3-28 Authority of board and trustees of institutions to borrow from federal agencies
or others; issuance of bonds, notes and other securities. (a) The State Board of Education,
acting for the respective educational institutions under its supervision, and each public
corporation that conducts one or more state educational institutions under its supervision,
acting through its board of trustees or other governing body, are hereby separately authorized
to exercise and perform any or all of the following powers: (1) To borrow money from the United
States of America or any department or agency thereof, or from any person, firm, corporation
or other lending agency for the purchase, construction, enlargement or alteration of any buildings
or other improvements, including dormitories, dining halls, classrooms, laboratories, libraries,
stadiums, administration buildings and any other buildings and appurtenances thereto suitable
for use by the institution with respect to which the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-3-28.htm - 5K - Match Info - Similar pages
22-3A-8
Section 22-3A-8 Issuance of bonds. For the purposes of acquiring, constructing, installing
and equipping public health facilities, the authority is hereby authorized to issue and sell
from time to time its bonds, which bonds may be in the form of interest-bearing bonds or noninterest-bearing
bonds. Other than refunding bonds, the aggregate principal amount of bonds issued under this
chapter shall not exceed $45,000,000.00; provided, however, that, if the authority determines
that the total net amount of bond proceeds available to provide funds for paying the costs
of acquiring, constructing, improving, and equipping public health facilities (excluding underwriting
discount, other issuance expenses and 10 percent of the principal amount of such bonds to
be used to capitalize or fund a debt service reserve fund as authorized by Section 22-3A-16(b)),
plus the interest income, not exceeding $2,000,000.00, earned on such net amount of bond proceeds
pending expenditure thereof, will be less...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-8.htm - 1K - Match Info - Similar pages
16-17A-8
Section 16-17A-8 Powers of authority. (a) An authority shall have and may exercise any power
granted nonprofit corporations under Title 10A, together with all powers incidental thereto
or necessary or desirable to the discharge thereof, including, without limitation, the following
specific powers: (1) To adopt, maintain, and amend bylaws and a corporate seal. (2) To sue
and, subject to the limitations herein, be sued; provided, however, that no authority entitled
to sovereign immunity shall be denied such immunity. (3) To acquire, construct, equip, and
operate those health care facilities it considers necessary or desirable. (4) To enter into
contracts and agreements, borrow money, incur indebtedness, and issue bonds, notes, debt securities,
or any other evidence of indebtedness. (5) To pledge the general credit of the authority or
any revenues or income of the authority to repayment of any of its indebtedness. (6) To mortgage
or pledge its health care facilities or its other assets or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17A-8.htm - 5K - Match Info - Similar pages
11-47-225
Section 11-47-225 Use of proceeds of borrowing; application of any portion of proceeds not
needed for original purposes. (a) The principal proceeds derived from any borrowing made by
an authority shall be used solely for the purpose or purposes for which the borrowing was
authorized. If any bonds are issued for the purpose of financing costs of acquiring, constructing,
improving, enlarging, and equipping a project, the costs shall be deemed to include the following:
(1) The cost of any land forming a part of the project. (2) The cost of the labor, materials,
and supplies used in the construction, improvement, or enlargement, including architectural
and engineering fees and the cost of preparing contract documents and advertising for bids.
(3) The purchase price of, and the cost of installing, equipment for the project. (4) The
cost of landscaping the lands forming a part of the project and of constructing and installing
roads, sidewalks, curbs, gutters, utilities, and parking places in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-225.htm - 4K - Match Info - Similar pages
11-88-50
Section 11-88-50 Payment of cost of improvement by board; specification of cost of improvement.
(a) The board may pay out of the general funds of the authority or any special fund that may
be provided for the purpose such portion of the cost of the proposed improvement as it may
deem proper. (b) The cost of any improvement shall include the expense of the preliminary
and other surveys, the inspection and superintendence of the work, the preparation, publication
and mailing of the notices and resolutions required by this article, the cost of construction,
the printing of bonds, the interest on money borrowed during construction or on bonds when
bonds have been issued in anticipation of the collection of assessments, the preparation of
proceedings authorizing the issuance of bonds under the provisions of this article and the
rendition of the approving opinions with respect thereto and any other expenses necessary
for the completion of such improvement. (Acts 1973, No. 826, p. 1293, §8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-50.htm - 1K - Match Info - Similar pages
22-21-326
Section 22-21-326 Securities issued under article as legal investments. Securities issued under
the provisions of this article are hereby made legal investments for savings banks and insurance
companies organized under the laws of the state. Unless otherwise directed by the court having
jurisdiction thereof or the document that is the source of authority, a trustee, executor,
administrator, guardian or one acting in any other fiduciary capacity may, in addition to
any other investment powers conferred by law and with the exercise of reasonable business
prudence, invest trust funds in securities of an authority. The governing body of any authorizing
subdivision (or any county or municipality in which any health care facilities of an authority
may be situated) is authorized, in its discretion, to invest in securities of such authority
any idle or surplus money held in its treasury which is not otherwise earmarked or pledged.
(Acts 1982, No. 82-418, p. 629, §17.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-326.htm - 1K - Match Info - Similar pages
41-10-64
Section 41-10-64 Special and continuing trust fund for payment of principal and interest on
bonds of authority and maintenance, etc., of facilities thereof. For the purpose of providing
funds for the payment of the costs and expenses necessary to accomplish the purpose of this
authority and for the payment of the principal of and interest on any bonds issued by the
authority under the provisions of this article, there is hereby created and irrevocably pledged
to the payment of such obligations a special and continuing trust fund which shall consist
of all revenues, receipts and income from rents contracted for and received by the authority
and all revenues, receipts and income received by the authority from any other source whatsoever.
There shall be created within said special and continuing trust fund a reserve fund account
of said authority in the State Treasury, in which shall be placed as a trust fund and held
separate and apart from all other moneys of the state or of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-64.htm - 2K - Match Info - Similar pages
41-10-351
Section 41-10-351 Definitions. The following terms hereafter used in this article shall have
the following respective meanings: (1) AUTHORITY. The public corporation organized pursuant
to the provisions of this article. (2) BONDS. The bonds issued under the provisions of this
article. (3) COMMISSIONER. The Commissioner of Mental Health. (4) DEPARTMENT. The Department
of Mental Health provided for in Chapter 50 of Subtitle 2 of Title 22. (5) DIRECTORS. The
board of directors of the authority. (6) MENTAL HEALTH FACILITIES. Any one or more of the
following: hospitals and other facilities of any kind for treatment and care of the mentally
ill and individuals with an intellectual disability; regional or community-based mental health
centers; regional or community-based facilities for treatment and care of the mentally ill
or individuals with an intellectual disability; regional or community-based centers for the
treatment of alcoholism or drug addiction; and improvements to existing state...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-351.htm - 3K - Match Info - Similar pages
|