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5-5A-23
Section 5-5A-23 Investments and loans with respect to housing. (a) Banks, insurance companies
and savings and loan associations are authorized: (1) To make such loans and advances of credit
and purchases of obligations representing loans and advances of credit as are eligible for
insurance and to obtain such insurance; and (2) To make such loans secured by real property
or leasehold as the Federal Housing Administrator insures or makes a commitment to insure
and to obtain such insurance. (b) It shall be lawful for banks, insurance companies or savings
and loan associations to purchase, invest in and dispose of bonds or notes secured by mortgages
issued by the Federal Housing Administrator and in securities issued by national mortgage
associations. (c) No law of this state requiring security upon which loans or investments
may be made, or prescribing or limiting interest rates upon loans or investments, or prescribing
or limiting the period for which loans or investments may be made...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-5A-23.htm - 2K - Match Info - Similar pages
11-92C-8
Section 11-92C-8 Powers of authority. (a) The authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To have succession by its corporate name for the duration of time, which may be in perpetuity,
subject to Section 11-92C-20, specified in its certificate of incorporation. (2) To sue and
be sued in its own name and to prosecute and defend civil actions in any court having jurisdiction
of the subject matter and of the parties; provided that the authority shall be deemed to be
a governmental entity as defined in Chapter 93 of this title for the purpose of limiting the
damages for which the authority may be liable. (3) To adopt and make use of a corporate seal
and to alter the seal at its pleasure. (4) To adopt and alter bylaws for the regulation and
conduct of its affairs and business. (5) To acquire, whether by purchase, construction, exchange,
gift, lease, or otherwise, and to refinance existing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-8.htm - 12K - Match Info - Similar pages
22-36-3
Section 22-36-3 Rules and regulations governing underground storage tanks. The department,
acting through the commission, is authorized to promulgate rules and regulations governing
underground storage tanks and is authorized to seek the approval of the United States Environmental
Protection Agency to operate the state underground storage tank program in lieu of the federal
program. In addition to specific authorities provided by this chapter, the department is authorized,
acting through the commission, to adopt any rules or regulations that are mandatory requirements
for approval of the State Underground Storage Tank Regulatory Program by the United States
Environmental Protection Agency. Adoption of rules and regulations governing underground storage
tanks shall not occur prior to adoption by the United States Environmental Protection Agency
of regulations establishing the federal program. (1) The department, acting through the commission,
is authorized to promulgate rules and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-36-3.htm - 4K - Match Info - Similar pages
27-32-27.1
Section 27-32-27.1 Authority of receivers and federal home loan banks regarding collateral
pledged by insurer members in delinquency proceedings. (a) For purposes of this chapter, the
following terms shall have the following meanings: (1) FEDERAL HOME LOAN BANK or FHLB. A federal
home loan bank established pursuant to the Federal Home Loan Bank Act, 12 U.S.C. Section 1421,
et seq. (2) INSURER MEMBER. An insurer who is a member of a federal home loan bank. (b) Notwithstanding
any other provision of this chapter, the receiver for an insurer member may not void any transfer
of, or any obligation to transfer, money or any other property arising under or in connection
with any federal home loan bank security agreement, or any pledge, security, collateral, or
guarantee agreement, or any other similar arrangement or credit enhancement relating to a
federal home loan bank security agreement made in the ordinary course of business and in compliance
with the applicable federal home loan bank...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-32-27.1.htm - 4K - Match Info - Similar pages
31-13-9
Section 31-13-9 Verification of employment eligibility by employers seeking economic incentives.
(a) As a condition for the award of any contract, grant, or incentive by the state, any political
subdivision thereof, or any state-funded entity to a business entity or employer that employs
one or more employees, the business entity or employer shall not knowingly employ, hire for
employment, or continue to employ an unauthorized alien within the State of Alabama. (b) As
a condition for the award of any contract, grant, or incentive by the state, any political
subdivision thereof, or any state-funded entity to a business entity or employer that employs
one or more employees within the State of Alabama, the business entity or employer shall provide
documentation establishing that the business entity or employer is enrolled in the E-Verify
program. During the performance of the contract, the business entity or employer shall participate
in the E-Verify program and shall verify every...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/31-13-9.htm - 10K - Match Info - Similar pages
31-2-134
Section 31-2-134 National Guard Challenge Program. (a) In addition to any other authority provided
by the Constitution of Alabama of 1901, or any laws of the State of Alabama, the Governor,
as Commander in Chief of the organized militia of this state and in accordance with 32 U.S.C.
§509, may order or direct that the Alabama National Guard apply for and use federal funds
to provide training, education, and other benefits to civilians in accordance with 32 U.S.C.
§509. (b) Whenever the Governor assigns a duty to the Adjutant General under this section,
the Adjutant General may do all of the following: (1) Consult with appropriate state agencies
concerning youth opportunity training programs and, in connection therewith, establish a program
utilizing National Guard facilities, the National Guard, and the Military Department personnel
in order to provide military-based training and other benefits to civilian youth pursuant
to an agreement with the federal government or as otherwise...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/31-2-134.htm - 1K - Match Info - Similar pages
36-27-24
Section 36-27-24 Funds for assets of retirement system - Creation; composition; disposition
of funds; appropriations. (a) Effective October 1, 1997, all the assets of the retirement
system shall be credited according to the purpose for which they are held among three funds,
namely, the Annuity Savings Fund, the Pension Accumulation Fund, and the Expense Fund. The
operation of the former Pension Reserve Fund and the Annuity Reserve Fund shall be discontinued
as of such date and the balance of the former Pension Reserve Fund shall be transferred to
the Pension Accumulation Fund, and the balance of the former Annuity Reserve Fund shall be
transferred to the Pension Accumulation Fund. (b) Annuity Savings Fund. The Annuity Savings
Fund shall be a fund in which shall be accumulated contributions from the compensation of
members to provide for their annuities. Contributions to and payments from the Annuity Savings
Fund shall be made as follows: Effective October 1, 1971, each employer shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-24.htm - 15K - Match Info - Similar pages
41-10-622
Section 41-10-622 Definitions. When used in this division, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) APPROPRIATED FUNDS.
The tobacco revenues deposited in the special fund to the extent such revenues are appropriated
to the authority pursuant to Section 41-10-630. (2) AUTHORITY. The Alabama 21st Century Authority
authorized to be established pursuant to Section 41-10-623. (3) BONDS. Those bonds, including
refunding bonds, issued pursuant to this division. (4) GOVERNMENT SECURITIES. Any bonds or
other obligations which as the principal and interest constitute direct obligations of, or
are unconditionally guaranteed by, the United States of America, including obligations of
any federal agency to the extent such obligations are unconditionally guaranteed by the United
States of America and any certificates or any other evidences of an ownership interest in
such obligations of, or unconditionally guaranteed by, the United...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-622.htm - 5K - Match Info - Similar pages
41-13-6
Section 41-13-6 Use of Social Security numbers on documents available for public inspection.
Notwithstanding any other law to the contrary, a state department, licensing or regulatory
board, agency, or commission is prohibited from placing or otherwise revealing the Social
Security number of a person, including, but not limited to, full- or part-time employees thereof,
on any document that is available for public inspection including, but not limited to, state
personnel evaluation forms and any other forms related thereto unless otherwise required by
law, without the express consent of the person with the number, or the consent of that person's
parent, custodian, legal guardian, or legal representative. The foregoing prohibition shall
not apply when a federal or state agency makes a request for or releases a Social Security
number for a legitimate government purpose, or pursuant to a federal or state statute, regulation,
or federally funded program or pursuant to an administrative or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-13-6.htm - 2K - Match Info - Similar pages
41-15B-2.2
Section 41-15B-2.2 Allocation of trust fund revenues. (a) For each fiscal year, beginning October
1, 1999, contingent upon the Children First Trust Fund receiving tobacco revenues and upon
appropriation by the Legislature, an amount of up to and including two hundred twenty-five
thousand dollars ($225,000), or equivalent percentage of the total fund, shall be designated
for the administration of the fund by the council and the Commissioner of Children's Affairs.
(b) For the each fiscal year, beginning October 1, 1999, contingent upon the Children First
Trust Fund receiving tobacco revenues, the remainder of the Children First Trust Fund, in
the amounts provided for in Section 41-15B-2.1, shall be allocated as follows: (1) Ten percent
of the fund shall be allocated to the Department of Public Health for distribution to one
or more of the following: a. The Children's Health Insurance Program. b. Programs for tobacco
control among children with the purpose being to reduce the consumption...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-15B-2.2.htm - 22K - Match Info - Similar pages
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