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24-10-7
Section 24-10-7 Requirements for eligibility. (a) In order for a proposal to be an activity
eligible for support, the following minimum requirements must be met: (1) Beneficiaries of
the activity must be individuals or families whose annual income or incomes do not exceed
60 percent of the median family income of a geographic area, as determined by the U.S. Department
of Housing and Urban Development, with adjustments for smaller and larger families. (2) Housing
to be funded must meet minimum housing quality standards set forth by the U.S. Department
of Housing and Urban Development. (3) Housing to be funded must comply with the design standards
of the Americans with Disabilities Act. (4) Housing to be funded must meet the same requirements
for duration of affordability as set forth in the rules of ADECA for its HOME Investment Partnership
Program, with priority given to housing that is to be affordable in perpetuity. (b) Activities
to be funded by the Alabama Housing Trust Fund shall...
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24-10-8
Section 24-10-8 Alabama Housing Trust Fund Advisory Committee - Composition; expenses; staff.
(a) There is created the Alabama Housing Trust Fund Advisory Committee for the purpose of
advising the Director of ADECA and staff of the department with respect to the Alabama Housing
Trust Fund. (b) The membership of the advisory committee shall be inclusive and reflect the
racial, gender, geographic, urban/rural and economic diversity of the state. The advisory
committee shall annually report to the Legislature by the second legislative day of each regular
session the extent to which the advisory committee has complied with the diversity provisions
provided for in this chapter. (c) Each member of the advisory committee should have a demonstrated
interest in the housing needs of individuals and families with extremely low incomes to incomes
at 60 percent of median family income and the revitalization of distressed neighborhoods.
(d) The advisory committee shall consist of 16 members and...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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24-10-6
Section 24-10-6 Purpose. The Alabama Affordable Housing Act is established for the following
purposes: (1) To increase the production of housing units and home ownership and to preserve
the supply of rental housing that is affordable to individuals and families with incomes at
or below 60 percent of the median family income. (2) To maintain and rehabilitate existing
affordable housing units to insure their continued availability to individuals and families
with incomes at or below 60 percent of the median family income. (3) To serve individuals
and families living at or below 60 percent of the median family income. No less than 50 percent
of the resources placed into the fund each year shall be used to serve individuals and families
with household incomes at or below 30 percent of the median family income as determined by
the U.S. Department of Housing and Urban Development. (4) To annually distribute, when possible,
a majority of the proceeds from the trust fund to eligible nonprofit...
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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...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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24-10-4
Section 24-10-4 Alabama Affordable Housing Trust Fund. The Alabama Affordable Housing Trust
Fund is created in the State Treasury for the collection and distribution of designated funds
for the purpose of increasing the production of housing units, rehabilitating existing housing
units, and maintaining such housing so that it can be made affordable to individuals and families
whose incomes are at or below 60 percent of the median family income. The Alabama Housing
Trust Fund shall be administered by ADECA which shall appoint an advisory committee as prescribed
in Section 24-10-8 to advise the Director of ADECA as to program components and operations.
(Act 2012-384, p. 1015, §4.)...
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24-10-10
Section 24-10-10 Organizations eligible for funding. The following organizations shall be eligible
to apply to ADECA for funding: (1) Not-for-profit organizations. (2) Municipalities. (3) Counties.
(4) Public housing authorities. (5) For-profit organizations. Profit organizations that use
Alabama Housing Trust Fund monies to provide housing for extremely low income individuals
and families must partner with not-for-profit organizations that can, if necessary, provide
resident services to ensure housing stability. (Act 2012-384, p. 1015, §10.)...
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41-23-253
Section 41-23-253 Research and development enhancement grant program; fund. (a) The Director
of ADECA may establish and administer the research and development enhancement grant program
for the purpose of encouraging new and continuing efforts to conduct new or expanded research
and development activities within Alabama. By September 4, 2019, the director shall adopt
rules and policies to administer the program and begin to accept applications for grants,
and shall adopt such rules as may be necessary to meet the future needs of the grant program.
(b) The program shall be administered pursuant to policies developed by ADECA in compliance
with this article. The policies shall provide for the awarding of grants to Alabama research
entities that have qualified research expenses in Alabama in a fiscal year exceeding a base
amount. (c) The Alabama Research and Development Enhancement Fund is created in the State
Treasury. The fund is subject to appropriations by the Legislature and gifts,...
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41-23-194
Section 41-23-194 Awarding of funds; goals. (a) Activities funded by the trust fund shall be
selected through a competitive process pursuant to rules adopted by the department with input
from the advisory committee. In establishing criteria for the awarding of funds, the department
shall address the transportation needs of the disabled, the elderly, and rural populations,
consistent with the input of the advisory committee and the statewide public transportation
needs assessment, and work toward the following goals: (1) Increase safe and affordable public
transportation options across the State of Alabama. (2) Maintain and repair the existing fleet
of public transportation options across Alabama, while acquiring new vehicles, as needed.
(3) Serve individuals and families living near urban fixed route public transportation systems,
expand such routes, and improve service along the routes. (4) Serve individuals and families
living in rural Alabama and connect them to the goods and...
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