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24-1A-2
or the state; interest bearing bank and savings and loan association deposits; obligations
of any agency of the United States of America; any obligations in which a state chartered
savings and loan association may invest its funds; any agreement to repurchase any of the
foregoing; or any combination thereof. (3) BOARD OF DIRECTORS. The board of directors of the
authority. (4) BONDS. Bonds or other securities representing an obligation to pay money. (5)
ELIGIBLE HOUSING UNIT. Real and personal properties located in the state constituting
a single family dwelling unit for occupancy by low and moderate income families or a multi-family
dwelling unit for occupancy by any persons and families without restriction as to the income
of such persons or families other than any applicable federal restrictions imposed upon multi-family
dwelling units financed from the proceeds of bonds the interest on which is exempt from federal
income taxes. (6) LOW AND MODERATE INCOME FAMILIES. Persons...
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40-9-60
40-9-60 Certificates of exemption for persons or companies exempt from sales, use, and lodging
taxes. (a) All persons or companies, including, but not limited to, those cited in this chapter,
other than governmental entities, which have statutory exemption from the payment of Alabama
sales and use taxes levied in, including, but not limited to, Chapter 23 of this title, or
lodgings taxes levied in Chapter 26 of this title, regardless of the type of transaction or
whether the tangible personal property is subject to sales and use tax or whether the
accommodations are subject to lodgings tax, shall be required to annually obtain a certificate
of exemption from the Department of Revenue. This requirement does not supersede or replace
the provisions of Section 40-9-14.1 or any other provision of statute requiring an entity
to obtain a certificate of exemption. This article only applies to entities that have been
granted a general exemption from sales, use, or lodging taxes. The...
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41-10-552
Section 41-10-552 Publication of notice; time limitation on actions contesting proceedings,
validity of obligations, etc. Upon the adoption by the directors of any resolution providing
for the issuance of authority 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: "Alabama
Incentives Financing Authority, a public corporation under the laws of the State of Alabama,
on the ___ day of _____, authorized the issuance of $ ______ principal amount of bonds (a
guaranty agreement securing $ _____ principal amount of bonds of ___) for purposes authorized
in Title 41, Chapter 10, Article 16, Division 1 of the Code...
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41-19A-3
Section 41-19A-3 Definitions. For the purposes of this chapter, the following terms shall have
the following meanings: (1) AGENCY. Any recipient of state funds. (2) DIRECTED, DIRECTIVE,
or DIRECTION. As used in this chapter refers to the exercise of control over the selection
of projects or grants for which the expenditure of funds are made. (3) LINE-ITEM APPROPRIATION.
A separate reference in an appropriation bill to a proposed expenditure, which is certain
as to the recipients and the amount with a general description of the expenditure. (4) PASS-THROUGH
APPROPRIATIONS. The expenditure of state funds by an agency at the explicit direction of a
member of the Legislature, or a person acting on behalf of such member, if such expenditure
is not for a purpose specified in a line-item appropriation. The expenditure of funds pursuant
to Chapter 24 of Title 41, any federal or state grants or contracts awarded under federal
or state guidelines or regulations, and any expenditures under...
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43-2-851
Section 43-2-851 Bond. (a) The court must require a personal representative or special
administrator to furnish bond payable to the judge of probate conditioned upon faithful discharge
of all duties of the trust according to law, with sureties as it shall specify. Unless otherwise
directed, the bond must be in the amount of the aggregate capital value of the property of
the estate in the personal representative's control, plus one year's estimated income,
and minus the value of securities deposited under arrangements requiring an order of the court
for their removal and the value of any land which the fiduciary, pursuant to Section 43-2-844,
lacks power to sell or convey without court authorization. The court, in lieu of sureties
on a bond, may accept other collateral for the performance of the bond, including a pledge
of securities or any other assets or a mortgage of land. (b) The court may at any time reduce
the bond of the personal representative or require the personal...
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11-51-203
Section 11-51-203 Applicability of provisions of state excise or use tax law; collection of
tax on vehicles sold by dealers not licensed in Alabama or by licensed dealers who fail to
collect sales taxes; fees. (a) All taxes levied or assessed by any municipality pursuant to
the provisions of Section 11-51-202 shall be subject to all definitions, exceptions, exemptions,
proceedings, requirements, provisions, rules and regulations promulgated under the Alabama
Administrative Procedure Act, direct pay permit and drive-out certificate procedures, statutes
of limitation, penalties, fines, punishments, and deductions for the corresponding state tax
as are provided by Section 40-2A-7 and Article 2 of Chapter 23 of Title 40, except where inapplicable
or where otherwise provided in this article. (b) Notwithstanding the provisions of subsection
(a), the tax provided in Section 11-51-202 on any automotive vehicle, truck trailer, trailer,
semitrailer, or travel trailer required to be licensed with...
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16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
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19-3A-104
including, but not limited to: (1) The nature, purpose, and expected duration of the trust;
(2) The intent of the settlor; (3) The identity and circumstances of the beneficiaries; (4)
The needs for liquidity for the trust; (5) The regularity of income to the trust; (6) The
need for preservation and appreciation of capital; (7) The nature of the assets held in the
trust and the extent to which they consist of financial assets, interests in closely held
enterprises, tangible and intangible personal property, or real property; (8) The extent
to which an asset is used by a beneficiary; (9) Whether an asset was purchased by the trustee
or received from the settlor; (10) The net amount allocated to income under the other sections
of this chapter and the increase or decrease in the value of the principal assets, which the
trustee may estimate as to assets for which market values are not readily available; (11)
Whether and to what extent the terms of the trust a. give the trustee the power...
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22-30D-9
regulations in the remediation process. (d) The limitation of liability provided by subsection
(a) shall extend to the heirs, assigns, successors, predecessors, and designees of the person
to whom such limitation of liability is granted. (e) No small business as defined in this
chapter who shall have elected to be covered by the provisions of this chapter shall be liable
to any impacted third party or adjacent landowner under any state law for any damages of any
nature whatsoever to real or personal property of any impacted third party or adjacent
landowner as a result of any contamination caused by or resulting from any contamination on,
at, or from any drycleaning facility, abandoned drycleaning facility, or wholesale distribution
facility. (f) No person shall be liable to any other person under any state law for any damages
of any nature whatsoever to real or personal property of such other person as a result
of any contamination, except upon proof that a failure to exercise due...
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25-5-8
foregoing, the insurance association, organization, or corporation shall have first had its
contract and plan of business approved in writing by the Commissioner of the Department of
Insurance of Alabama and have been authorized by the Department of Insurance to transact the
business of workers' compensation insurance in this state and under the plan. Notwithstanding
any other provision of the law to the contrary, the obligations of employers under law for
workers' compensation benefits for injury of employees may be insured by any combination
of life, disability, accident, health, or other insurance provided that the coverages insure
without limitation or exclusion the workers' compensation benefits of this state. (b) Option
to operate as self-insurer. An employer subject to this chapter who elects not to insure his
or her liability thereunder shall furnish satisfactory proof to the secretary of his or her
financial ability to pay directly compensation in the amount and manner and...
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