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41-10-260
Section 41-10-260 Definitions. The following terms, wherever used in this article, shall have
the following respective meanings unless the context clearly indicates otherwise: (1) AUTHORITY.
The public corporation organized pursuant to the provisions of this article. (2) BOARD OF
DIRECTORS. The board of directors of the authority. (3) BONDS. When used with reference to
debt instruments issued by the authority, means bonds, notes and other forms of indebtedness.
(4) BUILDING COMMISSION. The Building Commission created by Act No. 128 adopted at the 1945
Regular Session of the Legislature of the state, and any successor agency thereto. (5) CHIEF
JUSTICE. The Chief Justice of the Supreme Court of the State of Alabama. (6) GOVERNMENT SECURITIES.
Any bonds or other obligations which as to 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-260.htm - 5K - Match Info - Similar pages
23-1-158
Section 23-1-158 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the corporation, remaining after paying the expenses of their issuance,
shall be turned in to the Treasury or shall be deposited into such account or accounts as
specified in the resolution of the board of directors whereunder such bonds are authorized
to be issued, and shall be subject to be drawn on upon the approval of the Department of Transportation
solely for the purpose of constructing, reconstructing, and relocating public roads, bridges
and approaches thereto, tunnels, other public roadway improvements, or work incidental or
related thereto, in the State of Alabama, including the acquisition of property necessary
for such construction, reconstruction, and relocation and incidental and related work. If
action is necessary in order to comply with any federal legislation relating to federal aid
in construction of roads, the corporation may authorize the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-158.htm - 5K - Match Info - Similar pages
34-21-122
Section 34-21-122 General provisions and jurisdiction. (a) A multistate license to practice
registered or licensed practical nursing issued by a home state to a resident in that state
shall be recognized by each party state as authorizing a nurse to practice as a registered
nurse or as a licensed practical nurse, under a multistate licensure privilege, in each party
state. (b) A state shall implement procedures for considering the criminal history records
of applicants for initial multistate licensure or licensure by endorsement. The procedures
shall include the submission of fingerprints or other biometric-based information by applicants
for the purpose of obtaining the criminal history record information of an applicant from
the Federal Bureau of Investigation and the agency responsible for retaining the criminal
records of that state. (c) Each party state shall require an applicant to satisfy all of the
following to obtain or retain a multistate license in his or her home state: (1)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-21-122.htm - 5K - Match Info - Similar pages
41-14-30
Section 41-14-30 Deposit of funds in qualified public depositories; types of investments. (a)
The State Treasurer may deposit the money of the state in any available bank product in any
bank or savings association that is a qualified public depository under Chapter 14A of this
title and that has been designated as a state depositary according to law, so long as the
bank or savings association agrees to pay interest on the money. (b) The State Treasurer may
invest so much of the funds as he or she may deem appropriate in bonds, notes, or treasury
bills of the United States or in obligations of any agency or instrumentality of the United
States of America, including but not limited to the Federal Land Bank, Federal Home Loan Bank,
Federal National Mortgage Association, Federal Intermediate Credit Bank, banks for cooperatives,
Resolution Trust Corporation, or any of its other agencies, or in any other obligations guaranteed
as to principal and interest by the United States, or in money...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-14-30.htm - 1K - Match Info - Similar pages
24-1A-7
Section 24-1A-7 Proceeds from sale of bonds; use; issuance procedures; distribution percentages;
allocation of proceeds available for single family mortgage loans. (a) All moneys derived
from the sale of any bonds issued by the authority shall be used solely for the purpose or
purposes for which the same are authorized, including costs and expenses of issue. Such costs
and expenses may include but shall not be limited to: (1) The fiscal, legal and other expenses
incurred in connection with the issuance of the bonds; and (2) Except in the case of refunding
bonds, interest to accrue on such bonds for a period ending not later than two years from
their date. (b) Bonds shall be issued in series, each of which shall be separately designated
in the proceedings authorizing their issuance. The board of directors in the proceedings authorizing
a series of bonds (other than refunding bonds) shall specify the purposes for which the proceeds
of such series shall be used. The proceeds of a series...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-7.htm - 5K - Match Info - Similar pages
11-50-407
Section 11-50-407 Provisions in mortgages, deeds of trust, etc., executed as security for bonds
as to rights of parties thereto, etc.; execution, etc., of contracts as security for repayment
of moneys borrowed. (a) Any mortgage, deed of trust or pledge agreement made by any district
incorporated under this article for the security of any of its bonds or to define the rights,
remedies and privileges of the holders of such bonds and the duties of the district to such
holders may contain such agreements, obligations, covenants and provisions as the board of
directors may deem advisable respecting the operation and maintenance of the gas system or
systems and the collection and application of the revenues subject to such mortgage, deed
of trust or pledge agreement and respecting the rights and duties of the parties to such instrument
or the parties for the benefit of whom such instrument is made, with it being expressly provided
that any such mortgage or deed of trust may be subject to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-407.htm - 2K - Match Info - Similar pages
27-37-2
Section 27-37-2 Assets - Exclusions. In addition to assets impliedly excluded by the provisions
of Section 27-37-1, the following expressly shall not be allowed as assets in any determination
of the financial condition of an insurer: (1) Good will, trade names, and other like intangible
assets; (2) Advances to officers, directors, and controlling stockholders, other than policy
loans, unless the same are secured by collateral satisfactory to the commissioner, and advances
to employees, agents, and other persons on personal security only; (3) Stock of such insurer
owned by it, or any equity therein, or loans secured thereby or any material proportionate
interest in such stock acquired, or held, through the ownership by such insurer of an interest
in another firm, corporation, or business unit; (4) Furniture, fixtures, furnishings, safes,
vehicles, libraries, stationery, literature, and supplies, except: a. Such personal property
as is required through foreclosure of chattel mortgages...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-37-2.htm - 2K - Match Info - Similar pages
35-10-71
Section 35-10-71 Initiation of foreclosure proceedings against surviving spouse or estate of
certain mortgagors. (a) A mortgagee shall not initiate a foreclosure proceeding pursuant to
this chapter against the surviving spouse or the estate of a mortgagor who is a service member
who dies while deployed overseas on active duty military service for at least 180 days following
the death of the service member; provided that the surviving spouse or the estate gives the
mortgagee written notice identifying the service member, stating that the service member died
while being deployed overseas, describing the mortgage or the property subject to the mortgage
and the debt, providing a telephone number or other means to communicate with the surviving
spouse or the estate, and asking that foreclosure be delayed for six months. No particular
phrasing of the notice shall be required. (b) A mortgagee shall not, individually or acting
through another person, foreclose, sell, or attempt to foreclose or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-10-71.htm - 2K - Match Info - Similar pages
40-18-140
Section 40-18-140 Contribution designations. (a)(1) Each Alabama resident individual income
taxpayer desiring to contribute to any of the programs listed in subsection (b) may designate
an amount of his or her refund, rounded off in whole dollars, in an appropriate box on the
state income tax return form, to be credited to the program. (2) All future check-offs, duly
enacted by the Legislature subsequent to April 17, 2006, shall be accorded an appropriate
box on the state income tax return forms, subject to the terms and conditions prescribed herein,
without the requirement that they be added by amendment to this section. (b) Contributions
received for the following authorized charitable and nonpolitical income tax check-off recipients,
less costs of administration to the Department of Revenue not to exceed five percent, shall
be distributed and appropriated as provided herein: (1) Contributions to the Alabama Aging
Program shall be deposited with the State Treasurer into the Alabama...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-140.htm - 6K - Match Info - Similar pages
41-10-38
Section 41-10-38 Allocation formulae. (a) The state ceiling for calendar year 1989 and thereafter
is hereby allocated in its entirety to the state, and no other governmental unit, issuer,
or other entity of any type shall have or utilize any portion of the state ceiling for such
year except in accordance with this division. The state ceiling for calendar year 1989 and
thereafter shall be redistributed by the authority to issuers of affected bonds in the chronological
order of receipt of completed applications, subject to the limitations, reservations and further
provisions of this subsection. (1) There is hereby reserved for Alabama Housing Finance Authority
25 percent of the state ceiling for each calendar year, to be used for the issuance of exempt
facility bonds for qualified residential rental projects and for the issuance of qualified
mortgage bonds, in such relative principal amounts as shall be determined by the Board of
Directors of Alabama Housing Finance Authority. The...
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