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23-1-307
Section 23-1-307 Bonds and notes - Authorization for issuance. The authority shall have the
power and is hereby authorized and empowered to sell and issue its bonds in order to provide
as soon as practicable the federal share of the cost of constructing federal aid projects
in anticipation of the receipt by the state of such federal portions as they become available
either during, upon or after completion of such construction. The authority shall have the
power, in addition to any other powers granted in this article, to borrow money for temporary
use for any of the purposes for which it is authorized by this article to issue bonds and,
in evidence of such borrowing, to issue from time to time temporary bonds or notes. Any such
temporary borrowing may be made in anticipation of the sale and issuance of bonds and in such
event the principal proceeds from the sale of such bonds shall, to the extent necessary, be
used for payment of the principal of and interest on the temporary bonds or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-307.htm - 1K - Match Info - Similar pages
40-17-321
Section 40-17-321 Legislative intent. The intent of this article is to establish an efficient,
uniform, motor fuel tax collection and enforcement system, to increase conformity and compatibility
with federal motor fuel laws, and to position the state to take advantage of advances in highway
enforcement systems and technology in order to more effectively deter motor fuel tax evasion
emanating from sources within and without this state. (Act 2011-565, p. 1084, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-321.htm - 775 bytes - Match Info - Similar pages
6-5-700
Section 6-5-700 Definitions. For the purposes of this article, the following terms shall have
the following meanings: (1) AWARDING AUTHORITY. a. The Alabama Department of Transportation,
if the contractor enters into a contract with the State of Alabama to construct, repair, or
maintain a highway, a road, or a street for the State of Alabama; or b. The county governing
body, if the contractor enters into a contract with that county to construct, repair, or maintain
a highway, a road, or a street for that county; or c. The governing body of any other local
government, if the contractor enters into a contract with that local government to construct,
repair, or maintain a highway, a road, or a street for that local government. (2) CONCLUSION
OF PROJECT. The date that the awarding authority notifies the contractor, in writing, that
the awarding authority has assumed maintenance responsibilities for the roadway or 60 days
after the contractor has notified, in writing, the awarding authority...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-5-700.htm - 2K - Match Info - Similar pages
22-29-20
Section 22-29-20 Grants to local public bodies - Plan or program. The plan or program for funding
the grant by the authority to a local public body for a project may be any one or more of
the following, as shall be approved by the authority: (1) An appropriation by the state. (2)
A grant by a corporation, foundation, fund or agency, public or private, to the state for
the purpose of abating water pollution or assisting local public bodies with their projects;
provided, that the state shall not receive any grant from a local public body which has received
or is to receive a grant for its project from the state. (3) The undertaking by the local
public body to levy, collect and pay over to the authority and to continue to levy, collect
and pay over to the authority sums sufficient to pay bond service charges with respect to
the bonds of the authority issued to fund a grant for such project the proceeds of any one
or more of the following: a. Any sewer or waste disposal service fee or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-29-20.htm - 2K - Match Info - Similar pages
23-2-160
Section 23-2-160 Transfer of projects to state highway system. When (1) all bonds issued under
the provisions of this article and all other debt made or issued to finance any project or
projects and the interest thereon and all other obligations related thereto shall have been
paid, or a sufficient amount for the payment of all the bonds and debt and the interest thereon
and all other obligations related thereto, to the maturity thereof shall have been set aside
in trust for the benefit of the holders thereof, and (2) all leases, concessions, and similar
agreements and arrangements relating to any project or projects have expired or terminated,
then the project or projects, if then in good condition and repair, as determined by the department,
shall be transferred by the authority to the state highway system and shall thereafter be
owned, operated, and maintained by the department. (Acts 1980, No. 80-691, p. 1377, §20;
Act 2009-769, p. 2364, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-2-160.htm - 1K - Match Info - Similar pages
23-7-17
Section 23-7-17 Bonds authorized. (a) Whenever it shall become necessary that monies be raised
for qualified projects, including monies to be used to refund any bonds then outstanding,
the bank may issue bonds as provided in this chapter. (b) The bank may pledge any of its revenue
or funds to the payment of its bonds, subject to any prior pledges for other outstanding bonds
or other financial assistance of the bank and, in the case of those revenues described in
subdivisions (1) and (2) of subsection (a) and subsection (b) of Section 23-7-6, pledges by
Alabama Federal Aid Highway Finance Authority and Alabama Highway Finance Corporation of the
revenues for bonds issued by those entities. Bonds may be secured by a pledge of any loan
obligation owned by the bank, any grant, contribution, or guaranty from the United States,
the state, or any corporation, association, institution, or person, any other financial assistance
provided by the bank, any bond insurance, guarantees, letters of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-7-17.htm - 1K - Match Info - Similar pages
40-2A-6
Section 40-2A-6 Government contract for examination of taxpayer's records where compensation,
etc., contingent upon tax, interest, etc., assessed or collected; violation; costs of examination.
(a) The state or any county or municipal governing authority may not enter into any contract
or arrangement for the examination of a taxpayer's books and records, written or otherwise,
with a private auditing or collecting firm, if any part of the compensation or other benefits
paid or payable to the private auditing or collecting firm is contingent upon or in any manner
related to the amount of tax, license fee, interest, court cost, penalty, or any other item
assessed against or collected from the taxpayer. Any such contract or arrangement, if made
or entered into, is void and unenforceable. Any assessment or preliminary assessment of taxes,
license fees, penalties, court costs, interest, or other items proposed or asserted by, or
based upon the recommendation of, a private auditing or...
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41-10-44.9
Section 41-10-44.9 Establishment of tax increment funds. In order to provide a method of financing
project costs other than by the issuance of project obligations payable from the amounts required
to be paid by an approved company under a financing agreement, the authority may establish
one or more tax increment funds with respect to a project, into which the authority and an
approved company may agree that the approved company will deposit either or both of the following:
(i) an annual amount equal to the amount of corporate income tax levied by Section 40-18-31
that otherwise would be owed by the approved company on its income generated by or arising
from such project, and (ii) the aggregate job development fees withheld by the approved company
as provided in Section 41-10-44.7. The authority may also arrange for any gifts, grants, loans,
appropriations or other forms of aid from the federal or state governments or from any other
public or private entity to be paid into a tax...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.9.htm - 2K - Match Info - Similar pages
45-22-130.01
Section 45-22-130.01 Disposition of funds. Any unexpended monies remaining in the fund required
by law to be maintained by the State Department of Transportation for use in the construction,
repair, and maintenance of county roads and bridges in Cullman County shall be paid over to
the county governing body of Cullman County except as otherwise provided by this article.
Thereafter all funds and monies designated by law for the use in the construction, repair,
and maintenance of county roads and bridges in Cullman County may be entitled, whether from
the proceeds of the state gasoline tax, the motor vehicle license tax, or other state tax,
or any federal aid accruals, or from any other source whatsoever, shall be paid to the county
governing body of Cullman County by the appropriate county or state official. (Act 79-487,
p. 896, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-22-130.01.htm - 1K - Match Info - Similar pages
11-20-5
Section 11-20-5 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, redemption,
etc.; applicability of usury, etc., laws. All bonds issued by a county under authority of
this article shall be limited obligations of the county, the principal of and interest on
which shall be payable solely out of the revenues derived from the leasing of the project
to finance which the bonds are issued. Bonds and interest coupons issued under authority of
this article shall never constitute an indebtedness of the county within the meaning of any
state constitutional provision or statutory limitation and shall never constitute nor give
rise to a pecuniary liability of the county or a charge against its general credit or taxing
powers, and such fact shall be plainly stated on the face of each such bond. Such bonds may
be executed and delivered at any time and from time to time, may be in such form and denominations,
may be of such tenor, may be in registered or bearer form either as to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-5.htm - 2K - Match Info - Similar pages
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