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45-17-90.54
Section 45-17-90.54 Purpose; powers. (a) It is hereby determined that the development of the
Shoals Economic Development Project is for a public purpose and will be in the best interest
of the citizens of Lauderdale County and Colbert County. For the purposes of aiding or cooperating
with Lauderdale County, the City of Florence, RSA, and with a local public corporation in
the development, acquisition, construction, improvement, or financing of the Shoals Economic
Development Project, Colbert County and the Cities of Sheffield, Tuscumbia, and Muscle Shoals
may, upon such terms and with or without consideration, as it may determine: (1) Lend or donate
money to, guarantee all or any part of the securities, or perform services for the benefit
of, the local public corporation. (2) Donate, sell, convey, transfer, lease, or grant to the
local public corporation or to RSA without the necessity of authorization at any election
of qualified voters, any real or personal property of any kind. (3)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-17-90.54.htm - 2K - Match Info - Similar pages
45-39-90
Section 45-39-90 Creation; composition; rulemaking authority; Community Development Fund. (a)
The Lauderdale County Community Development Commission is hereby created. The commission may
receive and by majority vote distribute any funds in the Community Development Fund created
pursuant to subsection (d) for the purposes of promoting economic development, education,
recreation, conservation, and fire protection. The commission may also expend funds for the
purposes authorized in Section 29-2-120. (b) The commission shall be comprised of the following
members who shall administer this section and who shall be eligible for successive terms:
(1) An elected Lauderdale County official appointed by joint agreement by the legislative
delegation representing Lauderdale County for a term of one year or until a replacement is
appointed. (2) A person appointed by each senator representing Lauderdale County whose term
shall coincide with the term of the senator or until a replacement is appointed....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39-90.htm - 2K - Match Info - Similar pages
45-39-92.54
Section 45-39-92.54 Purpose; powers. (a) It is hereby determined that the development of the
Shoals Economic Development Project is for a public purpose and will be in the best interest
of the citizens of Lauderdale County and Colbert County. For the purposes of aiding or cooperating
with Colbert County, the Cities of Sheffield, Tuscumbia, and Muscle Shoals, RSA, and with
a local public corporation in the development, acquisition, construction, improvement, or
financing of the Shoals Economic Development Project, Lauderdale County and the City of Florence
may, upon such terms and with or without consideration, as it may determine: (1) Lend or donate
money to, guarantee all or any part of the securities, or perform services for the benefit
of, the local public corporation. (2) Donate, sell, convey, transfer, lease, or grant to the
local public corporation or to RSA without the necessity of authorization at any election
of qualified voters, any real or personal property of any kind,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39-92.54.htm - 2K - Match Info - Similar pages
45-25-92.30
Section 45-25-92.30 Jackson/DeKalb Counties Industrial Development Authority. (a) There is
established the Jackson/DeKalb Counties Industrial Development Authority. The purpose of the
authority shall be to market and develop the Northeast Alabama Technology Park on the Campbell
site near the Northeast Alabama Community College and other sites that may be suitable for
economic development in the future in the vicinity of the college. (b) The members of the
authority shall consist of the following: (1) The President of the Northeast Alabama Community
College (NACC) who shall serve as chair of the authority. (2) One member appointed by the
Jackson County Commission who shall reside within the NACC service area. (3) One member appointed
by the DeKalb County Commission who shall reside within the NACC service area. (4) One member
from Jackson County appointed by the local state legislative delegation representing Jackson
and DeKalb Counties who shall reside within the NACC service area. (5)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-25-92.30.htm - 2K - Match Info - Similar pages
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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45-25-91
Section 45-25-91 DeKalb County Economic Development Authority. (a) There is created the DeKalb
County Economic Development Authority. The authority is created for the purpose and has the
responsibility of aiding and assisting current industries and coordinating efforts of all
municipal and county agencies of DeKalb County, Alabama, as well as aiding organizations in
the development of new industries which will provide job opportunities for the citizens of
DeKalb County. (b)(l) The authority shall be governed by a board of directors consisting of
seven members. Two of the seven members shall be appointed by the DeKalb County Commission.
Three members shall be appointed by a majority vote of the legislators representing DeKalb
County. One member shall be appointed by the mayor and council of the municipality that is
the county seat of the county. One member shall be appointed by the DeKalb County Mayors'
Association. Vacancies on the board shall be appointed by the same appointing...
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45-17-243.07
Section 45-17-243.07 Use of proceeds. The entire proceeds derived by the county from the taxes
herein authorized to be levied, including any income derived from the investment of such proceeds,
shall be paid over and deposited, promptly upon receipt thereof, into a separate and distinct
fund or account of the county, which shall be accounted for as other county funds. The governing
body of the county shall cause all such proceeds, less the cost of collection provided for
in Section 45-17-243.04, and any other expenses that may be lawfully payable by such governing
body out of such proceeds, to be transferred and deposited, not more than 30 days after receipt
thereof by the county, into the Shoals Economic Development Fund; and such proceeds shall
thereafter be applied and used by the committee and the authority only for the purposes, and
otherwise in compliance with all the requirements, specified (or to be specified) in Subpart
2 (commencing with Section 45-17-91.20) of Part 2 of...
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45-39-245.47
Section 45-39-245.47 Use of proceeds. The entire proceeds derived by the county from the taxes
herein authorized to be levied, including any income derived from the investment of such proceeds,
shall be paid over and deposited, promptly upon receipt thereof, into a separate and distinct
fund or account of the county, which shall be accounted for as other county funds. The governing
body of the county shall cause all such proceeds, less the cost of collection provided for
in Section 45-39-245.44, and any other expenses that may be lawfully payable by such governing
body out of such proceeds, to be transferred and deposited, not more than 30 days after receipt
thereof by the county, into the Shoals Economic Development Fund; and such proceeds shall
thereafter be applied and used by the committee and the authority only for the purposes, and
otherwise in compliance with all the requirements, specified, or to be specified, in Subpart
2, commencing with Section 45-17-91.20, of Part 2 of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-39-245.47.htm - 1K - Match Info - Similar pages
45-39-92.53
Section 45-39-92.53 Abolition of corporation upon payment in full of securities; disposition
of proceeds. (a) When the original securities secured by a pledge of the taxes authorized
in this subpart, including refunding securities hereafter issued to refund the original securities,
for the Shoals Economic Development Project have been paid in full, the local public corporation
is abolished. Securities for which an irrevocable trust fund consisting of cash or direct
general obligations of the United States of America, or both, is established for retirement
of all of the principal of or interest on any outstanding security, shall be deemed paid in
full for the purposes of this subpart. (b) Notwithstanding any other provision of this subpart,
the local public corporation may not increase any outstanding debt or debt obligations or
create additional debts relating to the original bond balance owed as of May 12, 2005. (c)
(1) Upon abolishment of the local public corporation, the proceeds of...
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9-7A-1
Section 9-7A-1 Creation; composition; purpose. There is hereby created a fund which shall be
known as the Alabama Recreation Capital Development Assistance Fund. The fund shall consist
of moneys appropriated from the General Fund by the Legislature to assist state agencies,
municipalities and counties within Alabama to address their recreational needs in such quality
and quantity as is necessary and desirable to strengthen the health and vitality of Alabama's
human and economic resources by providing funds for and authorizing state assistance to Alabama's
governmental entities in planning, acquisition and development of needed land and water recreation
areas and facilities. (Acts 1982, No. 82-615, p. 1154, ยง1.)...
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