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45-17-91.23
Section 45-17-91.23 Creation of Shoals Economic Development Fund; purposes for which moneys
in such fund may be expended. (a) There is created the Shoals Economic Development Fund, which
shall be a special or trust fund or account of the committee, and which shall be administered
in accordance with this subpart. (b)(1) The authority may, at any time and from time to time,
request that the committee authorize and approve the expenditure or appropriation of moneys
on deposit in the Shoals Economic Development Fund, but solely for purposes authorized in
subsection (c). Any such request may specify that such moneys shall be expended by, or appropriated
directly or indirectly to, any of the following: a. The authority itself. b. Either of the
counties, or any city or town located, in whole or in part, in either of the counties. c.
Any public corporation that has been organized with the approval or consent of any one or
more of the counties, the municipalities, or any other city or town in...
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9-14E-5
Section 9-14E-5 Acceptance of proposals; project agreement; Gulf State Park Project Committee.
(a) No later than 30 days after acceptance of a proposal by the Governor, the Governor shall
submit the accepted proposal to the Director of Finance and Alabama Building Commission for
evaluation, review, and comments pertaining to the information provided in the proposal. The
Director of Finance and Alabama Building Commission shall provide such evaluation, review,
and comments to the Governor no later than 60 days after acceptance of a proposal by the Governor.
(b) Upon acceptance of a proposal by the Governor, and subject to the provisions of subsection
(a), the Governor shall enter into negotiations of a project agreement with the person who
submitted the accepted proposal. Any project agreement negotiated by the Governor shall provide
that the employment of engineers, architects, attorneys, contractors, consultants or other
employees or agents should reflect the racial and ethnic...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-14E-5.htm - 4K - Match Info - Similar pages
11-92A-23
Section 11-92A-23 Special reserve funds and applications for appropriations. (a) In addition
to all other powers at any time conferred upon an authority by law, an authority may, in connection
with the issuance of any bonds hereunder, create and establish one or more special debt service
reserve funds (a "debt service reserve fund"), and may pay or cause to be paid into
each debt service reserve fund (i) proceeds from bonds issued pursuant hereto to the extent
provided by the authority authorizing the issuance thereof; (ii) any moneys appropriated and
made available by the Legislature for the purpose of such fund; and (iii) any other moneys
that may be made available to the authority from any other source for the purpose of such
fund. All moneys held in a debt service reserve fund shall be used solely for the payment
of the principal of, premium, if any, and interest on bonds secured, in whole or in part,
by that fund when and as the same become due and payable as provided in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-23.htm - 7K - Match Info - Similar pages
33-17-2
Section 33-17-2 Legislative intent; construction of chapter. The Legislature hereby makes the
findings of facts and declaration of intent hereinafter set forth in this section. The construction
of a navigable waterway between Demopolis, Alabama and the Tennessee River, utilizing the
channel of the Tombigbee River, would provide a new transportation route of great importance
and would stimulate the development of commerce, agriculture and industry in many sections
of the state. Local flooding along the tributary streams of the Tombigbee River occurs frequently
in the growing and harvesting season and causes considerable damage to agriculture in the
affected sections of the state. Improvements in the channels of the tributary streams will
eliminate much of the damage caused by flooding and will also permit improved farming practices
and better land use. It is the intention of the Legislature by the passage of this chapter
to implement the provisions of Amendment No. 270 of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-17-2.htm - 3K - Match Info - Similar pages
40-18-372
Section 40-18-372 Qualifying projects - Activities and standards. A qualifying project must
be found by the Secretary of Commerce to conduct an activity specified in subdivision (1)
and to meet the minimum standard set forth in subdivision (2). (1) A qualifying project must
predominantly conduct an activity that is any one or more of the following: a. Described by
NAICS Code 1133, 115111, 2121, 22111, 221330, 31 (other than 311811), 32, 33, 423, 424, 482,
4862, 48691, 48699, 48819, 4882, 4883 (other than 48833), 493, 511, 5121 (other than 51213),
51221, 517, 518 (without regard to the premise that data processing and related services be
performed in conjunction with a third party), 51913, 52232, 54133 (if predominantly in furtherance
of another activity described in this article), 54134 (if predominantly in furtherance of
another activity described in this article), 54138, 5415, 541614, 5417, 55 (if not for the
production of electricity), 561422 (other than establishments that...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-372.htm - 4K - Match Info - Similar pages
40-18-375
Section 40-18-375 Jobs credit against utility taxes; realization of benefits; regulations.
(a) If provided for in the project agreement and in accordance with the terms therein, the
incentivized company is allowed a jobs credit against utility taxes, in an annual amount equal
to 3 percent of the wages paid to eligible employees during the prior year. The incentive
period shall be 10 years. (b) The project agreement shall provide that one of the following
methods shall be used to realize the benefits of the jobs credit: (1)a. The jobs credit may
be paid to the incentivized company as a refund out of utility taxes during the incentive
period, regardless of the amount of utility taxes actually paid by the incentivized company.
b. For each year of the incentive period for the jobs credit, the incentivized company shall
submit to the Department of Commerce a certification as to the wages paid to eligible employees
during the prior year. Following such examination as it deems necessary, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-18-375.htm - 2K - Match Info - Similar pages
41-29-283
Section 41-29-283 Funding; financial statement. (a) AIDT shall continue to be funded from the
Education Trust Fund and may receive any other funds appropriated by the United States or
the state. AIDT shall maintain accounts in its own name and shall make all of its disbursements
and payments directly from accounts maintained outside the State Treasury rather than through
state warrants. Funds that have been allocated by AIDT under a project agreement for workforce
development shall not be transferred to any other expenditure or for any other purpose without
the express written approval of the Secretary of Commerce. All disbursements and payments
by AIDT shall be subject to the approval of the director as prescribed in the AIDT Policy
Manual as it may be amended from time to time with the approval of the Secretary of Commerce.
(b) Before the third legislative day of each regular session of the Legislature AIDT shall
provide to the Chair of the House Ways and Means Education Fund...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-29-283.htm - 1K - Match Info - Similar pages
11-85-52
Section 11-85-52 Formation of regional planning and development commissions. (a) Generally.
At any time subsequent to the designation of a state planning and development district pursuant
to Section 11-85-51, governmental units within the district acting through their governing
bodies by ordinance or resolution may adopt a written agreement for the formation of a regional
planning and development commission and may petition the Governor to certify such a commission
for a region located entirely within a state planning and development district and consisting
of at least three contiguous counties and containing a population of at least 100,000. Governmental
units so petitioning must represent at least a majority of the population within the proposed
region. No county shall be divided in forming a region. The Governor may, after consultation
with the governing bodies of the governmental units involved, amend petitions to include additional
counties to assure that the objectives of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-85-52.htm - 3K - Match Info - Similar pages
41-10-44.11
Section 41-10-44.11 Publication of notice; time limitation on actions questioning bonds or
proceedings. Upon the adoption by the board of directors of the authority of any resolution
providing for the issuance of project obligations, the authority may, in its discretion, cause
to be published once a week for two consecutive weeks, in newspapers published or having a
general circulation in the Cities of Birmingham, Montgomery, Huntsville and Mobile, a notice
in substantially the following form (the blanks being properly filled in) at the end of which
shall be printed the name and title of either the president or the secretary of the authority:
"The State Industrial Development Authority, a public corporation under the laws of the
State of Alabama, on the ______ day of ___, authorized the issuance of $___ principal amount
of bonds or other obligations of the said public corporation for purposes authorized in Title
41, Chapter 10, Article 2A. The proceeds from the sale of the said...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.11.htm - 2K - Match Info - Similar pages
11-92C-3
Section 11-92C-3 Filing of application; authorization of incorporation by governing body of
an authorizing subdivision. (a) An authority may be organized pursuant to this chapter. In
order to incorporate a public corporation, any number of natural persons, not less than three,
who are duly qualified electors of the authorizing subdivision, shall first file a written
application with the governing body of the authorizing subdivision, which shall contain all
of the following: (1) A statement that the applicants propose to incorporate the authority
pursuant to this chapter. (2) A statement of the proposed location of the principal office
of the authority, which shall be within the corporate limits of a municipality or geographical
limits of a county. (3) A general description of the proposed project. (4) A map or legal
description or other description of the proposed local redevelopment area. (5) A statement
that each of the applicants is a duly qualified elector residing in the...
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