|
9-15-72
Section 9-15-72 Lands Division responsible for selling or leasing property. Each department,
board, bureau, commission, institution, corporation, or agency which holds real property shall
notify the Lands Division of the state Department of Conservation and Natural Resources of
its desire and intention to sell or lease any of the real property and shall provide such
information as may be specified by the Lands Division. The Lands Division shall be responsible
for obtaining the appraisal, deed, and other documents needed for selling or leasing the property
under this article and for handling the closing of the sale or lease. No sale or lease involving
an amount of more than twenty thousand dollars ($20,000) shall be divided into smaller parcels
involving less than twenty thousand dollars ($20,000) for avoiding the requirements of this
article. (Acts 1995, No. 95-280, p. 507, §3; Act 2000-685, p. 1390, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-15-72.htm - 1K - Match Info - Similar pages
9-15-82
Section 9-15-82 Article not to apply to certain transfers, reversions, sales, etc. (a) This
article shall not apply to the transfers of real property between departments, boards, bureaus,
commissions, institutions, corporations, or agencies of the state. These transfers may be
made by mutual agreements between the chief executive officers of the respective departments
with the approval of the Governor. This article shall not apply to the leasing or sale of
timber from unused lands under Section 9-15-1 et seq.; to the leasing or sale of timber from
school lands and swamp and overflowed lands under Section 9-15-30 et seq.; to the leasing
of oil, gas, and other minerals under Section 9-17-60 et seq.; real property sold by the Department
of Revenue under tax sales and redemptions; to the sale of property by the Alabama Historical
Commission under Section 41-9-249(7); to reversions made under Section 31-4-18; to the sale
or conveyance of real property by the Alabama Housing Finance...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-15-82.htm - 7K - Match Info - Similar pages
11-50A-8
Section 11-50A-8 Powers of the authority. In addition to other powers granted the authority
by this chapter, it shall have all powers consistent with the purposes of the authority as
set forth in Section 11-50A-3, which are necessary or convenient to carry out and effectuate
the purposes and provisions of this chapter, including, but without limiting the generality
of the foregoing, the following enumerated powers, which shall be exercised by the authority
consistently with the provisions of Section 11-50A-3: (1) To sue and be sued and to prosecute
and defend in any court having jurisdiction of the subject matter and of the parties thereto;
(2) To adopt and alter a corporate seal; (3) To make and alter at pleasure all needful bylaws,
rules, and regulations for the transaction of its business and the control of its property
and affairs; (4) To have the same right of eminent domain through condemnation conferred by
Section 10-5-1, or any subsequent statute of similar import; provided...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-8.htm - 13K - Match Info - Similar pages
27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages
27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus Lines Insurance
Multi-State Compliance Compact Act is enacted into law and entered into with all jurisdictions
mutually adopting the compact in the form substantially as follows: PREAMBLE WHEREAS, with
regard to Non-Admitted Insurance policies with risk exposures located in multiple states,
the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted and
Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-61-1.htm - 62K - Match Info - Similar pages
9-15-74
Section 9-15-74 Minimum amount at which property may be sold or leased; determination as to
selling or leasing; acceptance or rejection of bids; determination as to whether sale be by
auction or bids. After obtaining an appraisal on the real property and consulting with the
chief executive officer of the department, board, bureau, commission, institution, corporation,
or agency which desires to sell or lease the real property, the Lands Division shall establish
and publish the minimum amount for which the real property may be sold or leased. The determination
to sell or lease the real property shall be made by the chief executive officer of the department,
board, bureau, commission, institution, corporation, or agency desiring to sell or lease the
real property with the approval of the Governor after giving due consideration to the results
of the appraisal made upon the real property. With the approval of the Governor, the chief
executive officer shall have the right to accept or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-15-74.htm - 1K - Match Info - Similar pages
9-15-77
Section 9-15-77 Payment of expenses by department, board, bureau, etc., selling or leasing
property; payment of fee to Lands Division. The expenses of the appraisal and contemplated
sale or lease shall be paid by the department, board, bureau, commission, institution, corporation,
or agency offering the property for sale. The Lands Division of the state Department of Conservation
and Natural Resources shall receive a fee in reimbursement of its actual expenses for administering
the sale of real property under this article. The fee shall be disbursed to the Lands Division
in the final disposition of the funds received from the sale of the property. (Acts 1995,
No. 95-280, p. 507, §8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-15-77.htm - 998 bytes - Match Info - Similar pages
9-15-75
Section 9-15-75 Advertising. Every proposal to make a sale or lease under this article shall
be advertised for at least once a week for four weeks in advance of the date fixed for receiving
bids or public auction. The advertisement shall appear at least once a week for four consecutive
weeks in a newspaper of general circulation in the county or counties where the property is
located, and at least one time in three other newspapers of general circulation throughout
the state. Property located outside the State of Alabama shall be advertised at least one
time in three newspapers of general circulation throughout the state. A copy of the proposal
shall simultaneously be posted on a readily accessible public bulletin board at the main office
of the Lands Division of the state Department of Conservation and Natural Resources. Persons
who request notification of the sale or lease of real property by the state and who provide
their mailing address with the Lands Division shall be sent notice...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-15-75.htm - 1K - Match Info - Similar pages
41-16-120
Section 41-16-120 Powers and duties; definitions. (a) The Director of the Department of Economic
and Community Affairs shall be responsible for the distribution, transfer, or disposal of
all surplus personal property owned by the state and all right, title, interest, and equity
in the property shall be transferred to the department for such purpose. The director may
delegate to the Director of the Surplus Property Division such supervision and control of
the distribution or disposal of state owned surplus personal property. (b) As used in this
article, the following terms shall have the following meanings, respectively, unless the context
clearly indicates otherwise: (1) DIVISION. Surplus Property Division of the Department of
Economic and Community Affairs. (2) SURPLUS PROPERTY. That property declared by the property
manager of each state department, bureau, board, commission, or agency to be surplus and so
designated in writing to the director of the division. All real property owned...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16-120.htm - 4K - Match Info - Similar pages
11-47-218
Section 11-47-218 Powers of authorities generally; location of projects; exercise of power
of eminent domain. (a) In addition to all other powers at any time conferred on it by law,
and subject to any express provisions of its certificate of incorporation to the contrary,
an authority shall have the following lawful powers, together with all powers incidental thereto
or necessary to discharge thereof in the corporate form: (1) To have succession by its corporate
name in perpetuity or for the duration specified in its certificate of incorporation. (2)
To sue and be sued in its own name in civil actions and to defend actions against it. (3)
To adopt and make use of a corporate seal and to alter the same at pleasure. (4) To adopt,
alter, and repeal bylaws, regulations, and rules, not inconsistent with this article or its
certificate of incorporation, for the regulation and conduct of the affairs and business of
the authority. (5) To acquire, receive, take, and hold, whether by purchase,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-218.htm - 12K - Match Info - Similar pages
|