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24-1A-41
Section 24-1A-41 Legislative findings. The Legislature finds that the effects of the global
and national recession are now affecting Alabama's housing industry and adversely affecting
the state's economic development activity. The large number of homes on the market is causing
a reduction in housing starts, resulting in fewer construction jobs and lower tax collections
from the sale of building materials. In addition, the large number of existing homes on the
market is adversely affecting the states economic recovery. The Legislature desires to provide
a stimulus to provide a boost to the housing industry and to facilitate economic development
and industrial recruitment by creating a guarantee fund that would encourage investments in
new thirty-year, fixed-rate conventional mortgage loans through a program administered by
the Alabama Housing Finance Authority. The guarantee fund will reduce the investor's potential
for losses. (Act 2009-284, p. 487,ยง2.)...
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24-1A-41.1
Section 24-1A-41.1 Legislative intent. (a) In order to offset the adverse effects of the global
and national recession on Alabama's housing industry and its economic development activity
and to provide a boost to the state's housing industry and its economic development and industrial
recruitment, the Legislature adopted the Alabama Home Buyers Initiative Act, codified as Sections
24-1A-40 to 24-1A-43, inclusive, which established a mortgage guarantee fund to reimburse
investors for a portion of any foreclosure losses suffered as a result of purchasing qualified
mortgage loans on eligible properties located within the State of Alabama. (b) Pursuant to
the act, six million dollars ($6,000,000) was appropriated and irrevocably deposited in the
mortgage guarantee fund. The fund is held by the State Treasurer and administered by the Alabama
Housing Finance Authority, a public corporation and instrumentality of the State of Alabama.
(c) It is hereby found and determined that, due to...
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41-10-621
Section 41-10-621 Legislative findings and purpose. (a) The Legislature finds and declares
the following: (1) The State of Alabama has a great need from time to time to have access
to financing for economic development and industrial recruitment that does not involve improvements
to revenue-producing facilities. (2) It is desirable and in the public interest to establish
a state-level authority with the power to issue bonds for such general purposes. (3) The Alabama
Supreme Court has held, in effect, that only when the debt of a public corporation is payable
out of a new revenue source will such debt not be considered a debt of the state in contravention
of Section 213 of the Constitution of Alabama of 1901; the State of Alabama expects to receive
in the near future new revenues from the settlement of certain litigation between the state
and the tobacco industry. (4) By the passage of this division, it is the intention of the
Legislature to: a. Provide for the creation of a special...
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41-10-35
Section 41-10-35 Legislative findings and intent. The Internal Revenue Code of 1986, as amended,
imposes a "state ceiling" upon the aggregate principal amount of "private activity
bonds" which may be issued in any calendar year by or on behalf of a state and its political
subdivisions and instrumentalities, and establishes a method of allocating the available state
ceiling within each state. Authority is granted by the Internal Revenue Code, however, to
the states to provide for a different formula for allocation of the state ceiling. The Legislature
has found and determined that the allocation method contained in the Internal Revenue Code
is ill-suited for the needs of the State of Alabama and that the provisions of this division
will result in a more equitable and efficient distribution of the state ceiling available
to the state and will therefore promote the economic and industrial development of the state.
It is the intent of the Legislature by the passage of this division to...
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41-7A-41
Section 41-7A-41 Legislative findings. The following is hereby found and declared by the Legislature
of Alabama: (1) Although Alabama is filled with attractive natural resources, a growing workforce,
and other resources attractive to the entertainment industry, Alabama has not developed its
potential in terms of attracting the entertainment industry to the state by offering production
incentives for qualified productions not previously offered in Alabama. (2) Entertainment
industry incentives offered by other states attract valuable projects to their states which
stimulate local economies, use local manpower, offer other employment and entrepreneurial
opportunities for state residents, and provide public awareness of the natural resources available
in their states. (3) Because Alabama does not currently offer a viable incentive package to
the industry, Alabama cannot effectively compete with other states for attracting industry
projects and those projects locate elsewhere. (4) For...
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29-1-24
Section 29-1-24 Ozone transport oversight. (a) This section may be referred to as the Ozone
Transport Oversight Act of 1997. (b) The Legislature of the State of Alabama finds all of
the following: (1) The Federal Clean Air Act, as amended, 42 U.S.C. 7401 et seq., contains
a comprehensive regulatory scheme for the control of emissions from mobile and stationary
sources. (2) Ozone and other air pollutants have declined substantially during the past 25
years throughout the United States due to implementation of the Clean Air Act, and additional
air quality improvements will result as the 1990 Clean Air Act Amendments are implemented.
(3) The Northeast Ozone Transport Commission ("OTC"), in an effort to remedy the
serious ozone nonattainment conditions prevailing in urbanized areas of the Northeast, has
proposed emission control requirements for stationary and mobile sources more stringent than
those applicable to states outside of the Northeast Ozone Transport Region ("OTR"),
including a...
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22-28A-2
Section 22-28A-2 Legislative findings. The Legislature of Alabama hereby finds as follows:
(1) The United States is a signatory to the 1992 United Nations Framework Convention on Global
Climate Change (FCCC). (2) The Kyoto Protocol to expand the scope of the FCCC was negotiated
in December 1997, in Kyoto, Japan, requiring the United States to reduce emissions of greenhouse
gases such as carbon dioxide and methane by seven percent from 1990 emission levels during
the period 2008 to 2012, with similar reduction obligations for other major industrial nations.
(3) Developing nations, including China, India, Mexico, Indonesia, and Brazil are exempt from
greenhouse gas emission limitation requirements in the FCCC. (4) Developing nations refused
in the Kyoto negotiations to accept any new commitments for greenhouse gas emission limitations
through the Kyoto Protocol or other agreements. (5) With respect to new commitments under
the FCCC, President Clinton pledged on October 22, 1997, that the...
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41-18-1
Section 41-18-1 Text. Article I. Findings and Purposes. (a) The party states find that the
South has a sense of community based on common social, cultural and economic needs and fostered
by a regional tradition. There are vast potentialities for mutual improvement of each state
in the region by cooperative planning for the development, conservation and efficient utilization
of human and natural resources in a geographic area large enough to afford a high degree of
flexibility in identifying and taking maximum advantage of opportunities for healthy and beneficial
growth. The independence of each state and the special needs of subregions are recognized
and are to be safeguarded. Accordingly, the cooperation resulting from this agreement is intended
to assist the states in meeting their own problems by enhancing their abilities to recognize
and analyze regional opportunities and take account of regional influences in planning and
implementing their public policies. (b) The purposes of...
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22-22A-5
Section 22-22A-5 Powers and functions of department; representation of department by Attorney
General in legal actions. In addition to any other powers and functions which may be conferred
upon it by law, the department is authorized beginning October 1, 1982 to: (1) Administer
appropriate portions of Sections 9-7-10 through 9-7-20, which relate to permitting, regulatory
and enforcement functions; administer and enforce the provisions and execute the functions
of Chapter 28 of this title; Chapter 22 of this title; Article 2 of Chapter 23 of this title;
Chapter 30 of this title; appropriate portions of Article 1 of Chapter 27 of this title; Sections
22-24-1 through 22-24-11; Sections 22-25-1 through 22-25-15; and Sections 22-36-1 through
22-36-10. (2) Acting through the Environmental Management Commission, promulgate rules, regulations,
and standards in order to carry out the provisions and intent of this chapter; provided, however,
that prior to the promulgation of any state primary or...
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41-29-280
Section 41-29-280 Legislative findings. The Legislature makes the following findings: (1) The
Alabama Industrial Development and Training Institute, hereinafter AIDT, was established in
fiscal year 1970-1971 as a contract program reporting to the State Board of Education through
the Division of Vocational-Technical Education. In 1976, the State Board of Education adopted
a resolution approving the establishment of AIDT as a mobile training institute, appointed
a director, established staff positions and salary schedules, and mandated personnel procedures
for the staff identical to those with technical colleges. AIDT continued operating under the
Department of Postsecondary Education when the Legislature established the department and
position of Chancellor. AIDT has been continuously funded through an annual line item in the
Education Trust Fund budget. (2) AIDT provides quality workforce development for the new and
expanding businesses in the state and expands the opportunities of its...
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