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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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33-16-8
Section 33-16-8 Powers enumerated. The authority shall have the following powers: (1) To have
succession by its corporate name without time limit; (2) To bring civil actions and have civil
actions brought against it and to prosecute and defend in any court having jurisdiction of
the subject matter and of the parties; (3) To have and to use a corporate seal and to alter
the same at pleasure; (4) To receive, take and hold by sale, gift, lease, devise or otherwise
real and personal property of every kind and description, and to manage the same; (5) To acquire
by purchase, gift or the exercise of the power of eminent domain, or any other lawful means,
and to convey or cause to be conveyed to the United States, the State of Alabama, any county
or municipality in the state, or to any agency, department or instrumentality of such political
entities, or to any public corporation, any real, personal or mixed property necessary or
convenient to the authority in the performance of its duties and...
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40-9B-4
Section 40-9B-4 Authorization of abatement. (a) Noneducational ad valorem taxes, construction
related transaction taxes, except those local construction related transaction taxes levied
for educational purposes or for capital improvements for education, and mortgage and recording
taxes, or payments required to be made in lieu thereof, and in the case of a qualifying industrial
or research enterprise described in Section 40-9B-3(a)(10)e. which is owned by an entity organized
under Chapter 6 of Title 37, or by an authority both organized and existing pursuant to Chapter
50A of Title 11, and subject to the payments required to be made in lieu of ad valorem, sales,
use, license, and severance taxes imposed by Section 11-50A-7, in addition to the foregoing,
all other ad valorem taxes, or payments required to be made in lieu thereof, imposed by the
state, counties, municipalities, and other taxing jurisdictions of Alabama, may be abated
with respect to private use industrial property and...
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23-2-144
Section 23-2-144 Powers of the authority. (a) The authority shall have the following powers:
(1) To adopt bylaws for the regulation of its affairs and the conduct of its business. (2)
To adopt an official seal and alter the same at pleasure. (3) To maintain a principal office
and branch offices at the place or places within the state as it may designate. (4) To sue
and be sued in its own name, including suits in tort. (5) With the consent and approval of
the department, to acquire and construct toll road, bridge, or tunnel projects at locations
as the authority may determine to be desirable, practicable, and economically feasible and
to maintain, repair, and operate the projects. (6) To issue toll road, bridge, or tunnel revenue
bonds of the authority for any of its corporate purposes, payable solely from its tolls, other
revenues, and proceeds of the bonds, and to refund its bonds, all as provided in this article.
No bonds issued under the provisions of this article shall constitute a...
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33-13-9
Section 33-13-9 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying costs
of the development, construction, improvements, expansion and modernization (or any of them)
of the State Docks Department at the Port of Mobile. The bonds hereby authorized shall be
general obligations of the state, and the full faith, credit and taxing powers of the state
are hereby irrevocably pledged for the prompt and faithful payment of the principal thereof
and the interest thereon. The bonds may be sold from time to time as the board of directors
may deem advantageous; provided, that no bonds (other than refunding bonds) may be sold or
issued unless the Governor shall have first determined that the issuance of the bonds proposed
to be issued will be necessary to enable the authority to promote, develop, construct, improve,
expand and modernize the state docks facilities. Except as hereinafter...
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41-10-36
Section 41-10-36 Definitions. Unless the context requires otherwise, the terms defined in this
section shall have the following meanings for purposes of this division: (1) AFFECTED BOND.
Any obligation or portion thereof which is required under the terms of the code to receive
an allocation of the state ceiling as a condition for the exclusion of interest on such obligation
from the gross income of the recipient thereof for federal income tax purposes. (2) ALLOCATION.
An allocation of a portion of the state ceiling issued by the authority pursuant to the provisions
of this division. (3) APPLICATION. An application for an allocation, submitted by an issuer
under the provisions of this division. (4) APPLICATION FOR CARRYFORWARD ALLOCATION. Any application
filed with the authority seeking an elective carryforward of unused limitation for a "carryforward
purpose" as defined in Section 146(f)(5) of the code. (5) AUTHORITY. The State Industrial
Development Authority, a public corporation of...
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11-62-1
Section 11-62-1 Definitions. (a) The following words and phrases used in this chapter, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) AUTHORITY.
Any public corporation organized pursuant to this chapter. (2) AUTHORIZED PURPOSE OBLIGATION.
The term includes either of the following: a. Any lease, note, installment sale contract,
or any other obligation of a user, whether general or special, which was entered into, made,
assumed, or otherwise incurred by the user, in whole or in part, for the purpose of financing
the acquisition or ownership of one or more facilities, for the purpose of obtaining funds
with which to operate one or more facilities or for any combination of those purposes. b.
Any obligation of any kind which was entered into, made, assumed, or otherwise incurred by
the United States of America or any department, agency, or instrumentality...
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11-89A-15
Section 11-89A-15 Cooperation, aid, and agreements from and with other bodies. (a) For the
purpose of attaining the objectives of this chapter, any county, municipality, or other political
subdivision, public corporation, agency, or instrumentality of the state, a county or municipality
may, upon such terms and with or without consideration, as it may determine, do any or all
of the following: (1) Lend or donate money to any authority or perform services for the benefit
thereof; (2) Donate, sell, convey, transfer, lease, or grant to any authority, without the
necessity of authorization at any election of qualified voters, any property of any kind;
(3) Do any and all things, whether or not specifically authorized in this section, not otherwise
prohibited by law, that are necessary or convenient to aid and cooperate with any authority
in attaining the objectives of this chapter; and (4) To pay to any authority the proceeds
of any special tax appropriated, apportioned, or allocated to...
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36-28-8
Section 36-28-8 Contribution Fund. (a) There is hereby established a special fund to be known
as the Contribution Fund. Such fund shall consist of and there shall be deposited in such
fund: (1) All contributions, interest and penalties collected under Sections 36-28-5 and 36-28-7;
(2) All moneys appropriated thereto under this chapter; (3) Any property or securities and
earnings thereof acquired through the use of moneys belonging to the fund; (4) Interest earned
upon any moneys in the fund; and (5) All sums recovered upon the bond of the custodian or
otherwise for losses sustained by the fund and all other moneys received for the fund from
any other source. All moneys in the fund shall be mingled and undivided. Subject to the provisions
of this chapter, the state Comptroller is vested with full power, authority and jurisdiction
over the fund, including all moneys and property or securities belonging thereto, and may
perform any and all acts whether or not specifically designated,...
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4-3-13
Section 4-3-13 Assistance and cooperation by counties, municipalities, etc. For the purpose
of aiding and cooperating with the authority in the planning, development, undertaking, construction,
extension, improvement or operation of airports, heliports and air navigation facilities,
any county, city, town 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 the authority; (2) Provide that all or a portion of the taxes
or funds available, or to become available to it, or required by law to be used by it, for
airport purposes shall be transferred or paid directly to the authority as such funds become
available to it; (3) Cause water, sewer or drainage facilities or any other facilities which
it is empowered to provide to be furnished adjacent to or in connection with such airports,
heliports or air navigation facilities; (4) Donate, sell, convey,...
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