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11-49B-13
Section 11-49B-13 Cooperation; aid from other public bodies. A county, municipality, or other
political subdivision, public corporation, agency, or instrumentality of this state may, for
the purpose of securing public transportation or aiding or cooperating with the authority
in the planning, development, undertaking, construction, acquisition, extension, improvement,
operation, or protection of transit systems, upon any terms and with or without consideration,
may: (1) Lend or donate money to, or perform services for the benefit of the authority. (2)
Donate, sell, convey, transfer, lease, or grant to the authority, without the necessity of
authorization at any election of qualified voters, any property of any kind, including, but
without limitation, any transit systems, any interest in any thereof, and any franchise. (3)
Provide that all or a portion of the taxes or funds available or to become available to, or
required by law to be used by it for public transportation service or for...
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11-54-26
Section 11-54-26 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale
of any bonds issued under authority of this article shall be applied only for the purpose
for which the bonds were issued; provided, however, that any accrued interest and premium
received in any such sale shall be applied to the payment of the principal of or the interest
on the bonds sold; provided further, that if for any reason any portion of such proceeds shall
not be needed for the purpose for which the bonds were issued, then such unneeded portion
of said proceeds shall be applied to the payment of the principal of or the interest on said
bonds. (b) The cost of acquiring any project, which shall be paid from the proceeds derived
from the sale of bonds, shall be deemed to include the following: (1) The actual cost of the
construction of any part of a project which may be constructed, including architect's and
engineer's fees; (2) The purchase price of any part of a project that may be...
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11-55-5
Section 11-55-5 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale of
any bonds issued under authority of this chapter shall be applied only for the purpose for
which the bonds were issued; provided, however, that any accrued interest and premium received
in any such sale shall be applied to the payment of the principal of or the interest on the
bonds sold; provided further, that if for any reason any portion of such proceeds shall not
be needed for the purpose for which the bonds were issued, then such unneeded portion of said
proceeds shall be applied to the payment of the principal of or the interest on said bonds.
(b) The cost of acquiring any project, which shall be paid from the proceeds derived from
the sale of bonds, shall be deemed to include the following: (1) The actual cost of the construction
of any part of a project which may be constructed, including architect's and engineer's fees;
(2) The purchase price of any part of a project that may be...
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11-89A-2
Section 11-89A-2 Definitions. The following words and phrases used in this chapter, and others
evidently intended as the equivalent thereof, shall, in the absence of a clear implication
herein otherwise, be given the following respective interpretations herein: (1) APPLICANT.
A natural person who files a written application with the governing body of any county or
municipality in accordance with the provisions of Section 11-89A-3. (2) AUTHORITY. Any public
corporation organized pursuant to the provisions of this chapter. (3) AUTHORIZING RESOLUTION.
A resolution or ordinance adopted by the governing body of any county or municipality in accordance
with the provisions of Section 11-89A-3, that authorizes the incorporation of an authority.
(4) BOARD. The board of directors of an authority. (5) BONDS. Bonds, notes, or other obligations
representing an obligation to pay money. (6) COSTS. As applied to a facility or any portion
thereof, such term shall include all or any part of the cost of...
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24-1-22
Section 24-1-22 Definitions. The following terms, wherever used or referred to in this article,
shall have the following respective meanings, unless a different meaning clearly appears from
the context: (1) AUTHORITY or HOUSING AUTHORITY. A public body organized as a body corporate
and politic in accordance with the provisions of this article for the purposes, with the powers
and subject to the restrictions set forth. (2) CITY. Any city or incorporated town in the
State of Alabama. (3) COUNCIL. The legislative body, council, board of commissioners or other
body charged with governing the city. (4) CITY CLERK and MAYOR. The clerk, and the mayor or
president of the board of commissioners, respectively, of the city or the officers thereof
charged with the duties customarily imposed on the clerk and mayor respectively. (5) COMMISSIONER.
One of the members of an authority appointed in accordance with the provisions of this article.
(6) GOVERNMENT. Such term shall include the state and...
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37-13-14
Section 37-13-14 Bonds of authority - Disposition of proceeds from sale of bonds. The proceeds
derived from the sale of any bonds (other than refunding bonds) may be used only to pay the
costs of acquiring, constructing, improving, enlarging and equipping the railroad properties
and facilities, or other property with respect to which they were issued, as may be specified
in the proceedings in which the bonds are authorized to be issued. Such costs shall be deemed
to include the following: the costs of any land or easements forming a part of such railroad
properties and facilities or other property; the cost of labor, material and supplies used
in any such construction, improvement or enlargement, including architects' and engineers'
fees, and the cost of preparing contract documents and advertising for bids; the purchase
price of, and the cost of installing equipment for use in connection with, such railroad properties
and facilities or other property; the cost of constructing and...
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40-18-376
Section 40-18-376 Investment credit; realization methods; regulations. (a) If provided for
in the project agreement, the incentivized company is allowed an investment credit in an annual
amount equal to 1.5 percent of the capital investment incurred as of the beginning of the
incentive period, to be used as follows: (1) To offset the income taxes found in this chapter,
or as an estimated tax payment of income taxes; (2) To offset the financial institution excise
tax found in Chapter 16; (3) To offset the insurance premium tax levied by Section 27-4A-3(a),
or as an estimated payment of insurance premium tax; (4) To offset utility taxes; or (5) To
offset some combination of the foregoing, so long as the same credit is used only once. The
incentive period shall begin no earlier than the placed-in-service date. The incentive period
shall be 10 years. Should only some portion of a tax year be included in the incentive period,
the amount of the investment credit shall be prorated on a daily...
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11-32-13
Section 11-32-13 Powers of localities, agencies, etc. For the purpose of securing public transportation
or aiding or cooperating with the authority in the planning, development, undertaking, construction,
acquisition, extension, improvement, operation, or protection of transit systems, any county,
municipality or other political subdivision, public corporation, agency, or instrumentality
of this state, upon the terms and with or without consideration, as it determines, may do
the any of the following: (1) Lend or donate money to, or perform services for the authority.
(2) Donate, sell, convey, transfer, lease, or grant to the authority, without the necessity
of authorization at any election of qualified voters, any property of any kind, including,
but without limitation, any transportation systems, any interest in any system, and any franchise.
(3) Provide that all or a portion of the taxes or funds available or to become available to,
or required by law to be used by it for public...
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11-47-215
Section 11-47-215 Certificate of incorporation of authorities - Contents. The certificate of
incorporation of the authority shall state: (1) The names of the persons forming the authority,
together with the residence of each person, and that each of them is a duly qualified elector
of at least one of the subdivisions. (2) The name of the authority, which may be a name indicating
in a general way the area proposed to be served by the authority and shall include the words
"Public Park Authority" (e.g., "The _____ Public Park Authority," or "The
Public Park Authority of _____," the blank spaces to be filled in with the name of one
or more of the authorizing subdivisions or other geographically descriptive word or words,
the descriptive word or words shall not, however, preclude the authority from locating facilities
or otherwise exercising its powers in other geographical areas), unless the Secretary of State
shall determine that the name is identical to the name of any other corporation...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-215.htm - 3K - Match Info - Similar pages
11-49A-14
Section 11-49A-14 Powers of localities, agencies, etc. For the purpose of securing public transportation
or aiding or cooperating with the authority in the planning, development, undertaking, construction,
acquisition, extension, improvement, operation, or protection of transit systems, any county,
municipality or other political subdivision, public corporation, agency, or instrumentality
of this state may, upon such terms and with or without consideration, as it may determine:
(1) Lend or donate money to, or perform services for the benefit of, the authority; (2) Donate,
sell, convey, transfer, lease, or grant to the authority, without the necessity of authorization
at any election of qualified voters, any property of any kind, including, but without limitation,
any transit systems, any interest in any thereof, and any franchise; (3) Provide that all
or a portion of the taxes or funds available or to become available to, or required by law
to be used by it for public transportation...
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