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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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24-10-6
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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24-10-2
Section 24-10-2 Definitions. When used in this chapter, the following words shall have the
following meanings: (1) ADVISORY COMMITTEE. The Alabama Housing Trust Fund Advisory Committee.
(2) ALABAMA DEPARTMENT OF ECONOMIC AND COMMUNITY AFFAIRS (ADECA). As established by Section
41-23-1. (3) ALABAMA HOUSING TRUST FUND. The trust fund created pursuant to Section 24-10-4.
(4) SIXTY PERCENT OF MEDIAN FAMILY INCOME. A person or persons living together 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. (Act 2012-384, p. 1015, §2.)...
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40-18-370
Section 40-18-370 Short title; legislative findings; definitions. (a) This article shall be
known and may be cited as the Alabama Jobs Act. (b) The Legislature makes the following findings:
(1) The economic well-being of the citizens of the state will be enhanced by the increased
development and growth of employment within Alabama. (2) It is in the best interests of the
state to provide certain incentives to allow the state to foster economic development through
the recruitment of quality projects and the expansion of existing businesses within Alabama.
(3) The incentives provided for in this article do not raise any taxes for any individuals
or businesses in Alabama under state law. (4) The incentives provided in this article will
allow the state to encourage the creation of new jobs that may not otherwise exist within
the State of Alabama. (5) The incentives provided in this article will increase revenues for
the state without increasing taxes. (6) The Constitution of the State of...
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6-5-751
Section 6-5-751 Legislative findings and objectives. (a) The Legislature finds that the recruitment,
establishment, development, and growth of the commercial aviation aircraft manufacturing industry
in the State of Alabama is important to the economic health of the state and its agencies
and institutions and to the general health, welfare, and prosperity of its citizens. The Legislature
finds that it is reasonable and important to the national and international companies and
businesses involved in the commercial aviation aircraft manufacturing industry locating or
considering locating in the State of Alabama to expect that civil liability actions against
them, if any, will be governed by tort principles generally accepted in other jurisdictions
outside this state that are home to such companies and businesses, but which are consistent
with the Constitution of Alabama of 1901, and this state's public policy. The Legislature
finds that the principles addressed in this article, namely,...
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24-9-2
Section 24-9-2 Purpose. The Alabama Land Bank Authority is hereby created for the purpose of
acquiring tax delinquent properties in order to foster the public purpose of rehabilitating
land which is in a nonrevenue-generating, nontax-producing status to an effective utilization
status in order to provide housing, new industry, new commercial and economic development,
other productive uses, jobs for the citizens, assemble parcels of real property for redevelopment,
stabilize property values, and remove blight. (Act 2009-738, p. 2203, §2; Act 2010-727, §1.)...
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45-37A-461
Section 45-37A-461 Electric supplier service territories. (a) The Legislature of the State
of Alabama has investigated the economic, financial, and environmental impact associated with
the potential for duplication of electric distribution facilities used for the furnishing
of retail electric service in and around the City of Tarrant City, Alabama. Among its findings
is that with respect to retail electric service industry, the benefits normally associated
with competition between two suppliers for customers is outweighed by the tremendous cost
burden which must be borne by such customers associated with the maintenance of two or more
duplicate sets of facilities. It is the further finding of the Legislature that the existence
of duplicate facilities for the furnishing of electricity at retail in Tarrant City is not
in the public interest because of the adverse impact which such duplication has on environmental
and aesthetic values and on safety. It is therefore declared that the...
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41-23-50
Section 41-23-50 Creation of economic development revolving loan funds; regional planning and
development commissions to disburse moneys; administration; use of funds; interest and costs.
There is hereby appropriated from the State General Fund to the Alabama Department of Economic
and Community Affairs for the 1990-91 fiscal year the sum of $500,000 to be used to create
and establish throughout this state several economic development revolving loan funds from
which the several existing regional planning and development commissions, as defined in Articles
4 and 5 of Chapter 85 of Title 11, may disperse moneys, from time to time, to finance local
economic development projects. These funds shall be distributed by the Department of Economic
and Community Affairs to qualifying regional planning commissions for disbursement. The Department
of Economic and Community Affairs shall establish such policies and procedures as may be deemed
necessary as to insure accountability of funds in...
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24-5-2
Section 24-5-2 Definitions. Unless clearly indicated otherwise by the context, the following
words when used in this article, for purposes of this article, shall have the meanings respectively
ascribed to them in this section: (1) ALABAMA MANUFACTURED HOUSING COMMISSION FUND. The fund
established to provide necessary revenue for the enforcement of this article. (2) COMMISSION.
The Alabama Manufactured Housing Commission. (3) DEALER. Any person, other than a manufacturer,
who is duly licensed to sell manufactured homes in this state. (4) LABEL. The approved form
of certification by the manufacturer under the Uniform Standards Code that is permanently
affixed to each manufactured home or transportable section thereof, and which serves as the
certification by the manufacturer of conformance with the applicable federal manufactured
home construction and safety standards in effect the date of manufacture. (5) MANUFACTURED
HOME. A structure, transportable in one or more sections, which when...
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40-18-410
Section 40-18-410 (Per Section 40-18-416, this section is repealed following the close of fiscal
year 2020) Definitions. For the purposes of this article, the following words and phrases
shall have the following meanings: (1) ECONOMIC DEVELOPMENT ORGANIZATION. A local economic
development organization or a state economic development organization. (2) GROWING ALABAMA
CREDIT. The credit provided for in Section 40-18-413(a). (3) INDUSTRY OR BUSINESS. An entity
which would conduct at a site an activity that is primarily described in Section 40-18-372(1).
(4) LOCAL ECONOMIC DEVELOPMENT ORGANIZATION. Organizations which are determined by the Department
of Commerce to meet both of the following criteria: a. The organization is an Alabama entity
not operating for a profit, including, but not limited to, a municipality or county, an industrial
board or authority, a chamber of commerce, or some other foundation or Alabama nonprofit corporation
charged with improving a community or region of the...
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