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45-37A-56.30
Section 45-37A-56.30 Operation or leasing of parking facilities. (a) As used in this section,
the word person means a natural person, a corporation, a partnership, or unincorporated association.
(b) It is hereby declared to be the public policy of this state, with respect to each parking
facility, that upon an authority's acquiring a parking facility the authority shall carefully
consider and decide, whether it is in the public interest that the authority itself operate
such facility, enter into a contract with some person to operate such facility for the authority,
or lease such facility. Among the factors the authority shall consider in making such decision
are the following: (1) The relative efficiency of the alternate operations. (2) The relative
economy of the three alternate operations. (3) The overall advantage and benefit to the authority
and the public of the alternate operations. (c) In order to make the foregoing determination
the authority shall ascertain the following: The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-56.30.htm - 2K - Match Info - Similar pages
11-92A-12
of revenues or grants of money from public persons and to enter into binding agreements with
those entities, with or without consideration; (13) To enter into deeds, mortgages, leases,
loan agreements, or other agreements with any person; (14) To require and/or accept lease
payments, loan repayments, or other compensation to or for the authority or other public persons
in lieu of sales, use, mortgage, lease, ad valorem, and/or other taxes; (15) To accept donations
of money or real or personal or mixed property from any person; (16) To invest in bank
deposits, U.S. Treasury bills, projects, instruments, real, personal, or mixed property,
and such other investments as the board of directors may from time to time determine to be
appropriate and convenient to accomplish any purpose for which an authority is organized,
including works of internal improvement, interests in private or corporate enterprises, loans
of money or credit to individuals, associations, or corporations, or the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92A-12.htm - 6K - Match Info - Similar pages
41-10-541
such obligations, and which meet the greater of 100% collateralization or the "AA"
collateral levels established by Standard & Poor's Rating Group for structured financings;
and h. Uncollateralized investment agreements with, or certificates of deposit issued by banks
or bank holding companies, the senior long-term securities of which are rated at least "AA"
by Standard & Poor's Rating Group and at least "Aa" by Moody's Investors Service.
(11) FINANCED PROPERTY. All property whether real, personal, or mixed, the costs of
which were or are to be paid or reimbursed in whole or in part with the proceeds of bonds
of the authority or the proceeds of authority-guaranteed obligations. (12) FINANCING AGREEMENT.
Any loan, lease, agreement, grant agreement, financing agreement, credit agreement, security
agreement, mortgage, indenture, guaranty agreement, or other type of agreement entered into
by the authority in connection with the incurring of authority obligations. (13) FUNDING AGREEMENT....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-541.htm - 13K - Match Info - Similar pages
9-14E-1
pursuant to subsection (d) of Section 9-14E-5. (6) PARTY TO AN EXECUTED PROJECT AGREEMENT.
The state or any person who is a party to and is obligated to the state under a project agreement,
or any part thereof. (7) PERSON. Any private person or any public person. (8) PRIVATE PERSON.
Any natural person, corporation, general or limited partnership, limited liability company
or partnership, unincorporated association or organization, or other nongovernmental entity.
(9) PROJECT. Real and personal property to be located on the approximately 29 acre
project site in Gulf State Park, as described in subdivision (12), to consist of some or all
of the following: Lodge facilities; conference, education, and meeting space; banquet areas;
primary and specialty restaurants; recreation and other facilities; business centers; and
infrastructure such as parking facilities; transportation facilities for pedestrian and vehicular
traffic; utilities; and other structures or improvements as presented...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-14E-1.htm - 4K - Match Info - Similar pages
11-86A-18
Section 11-86A-18 Exemptions from taxation. All properties of an authority, whether real, personal,
or mixed, and the income therefrom, all bonds and other securities issued by an authority
and the coupons applicable thereto and the income therefrom, and all indentures and other
instruments executed as security therefor, all leases made pursuant to this chapter and all
revenues derived from any such leases, and all deeds and other documents executed by or delivered
to an authority shall be exempt from any and all taxation by any public person, including
without limitation license and excise taxes imposed in respect of the privilege of engaging
in any of the activities in which an authority may engage. An authority shall not be obligated
to pay or allow any fees, taxes, or costs to the probate judge in connection with the amendment
of its articles or the recording of any document. The gross proceeds of the sale of any property
used in the construction and equipping of any park and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-18.htm - 2K - Match Info - Similar pages
11-94-1
commission and, with respect to a municipality, the council, commission or other governing
body of such municipality. (7) MUNICIPALITY. Any incorporated city or town in this state.
(8) INDENTURE. Any mortgage, indenture of mortgage, deed of trust, trust agreement or trust
indenture executed by an authority as security for its bonds. (9) PROJECT. a. Any land, any
interest in land, any building, structure, or improvement thereon, any machinery, equipment,
furniture, furnishings, facility or personal property, or any of them, which, in the
judgment of the board of an authority is suitable for use by the authority in carrying out
its powers and the functions authorized by this chapter, including, without limitation, ports,
docks, and all kinds of dock facilities, water and rail terminals and facilities, wharves,
piers, berths, quays, loading and unloading facilities and other related facilities, marinas,
boating facilities, facilities for aquatic entertainment and sports, facilities for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-94-1.htm - 4K - Match Info - Similar pages
11-97-8
to defend suits 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 the provisions of this chapter, for the regulation and conduct of its affairs and business;
(5) To acquire, whether by gift, purchase, transfer, foreclosure, lease, or otherwise, to
construct and to expand, improve, operate, maintain, equip, and furnish one or more facilities,
including all real and personal properties that its board may deem necessary in connection
therewith, regardless of whether or not any such facility shall then be in existence and,
if in existence, regardless of whether or not any such facility is then owned or leased by
any person to which such facility may subsequently be sold or leased by such corporation;
(6) To borrow money and to sell and issue bonds as hereinafter provided for any corporate
use or purpose; (7) To lease to any person or persons all or any part of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-8.htm - 11K - Match Info - Similar pages
22-34-6
chapter: (1) To have succession in its corporate name until the principal of an interest on
all bonds issued by it shall have been fully paid; (2) To sue and be sued and to prosecute
and defend, at law and in equity, in any court having jurisdiction of the subject matter and
of the parties thereto; (3) To have and to use a corporate seal and to alter such seal at
pleasure; (4) To establish a fiscal year; (5) To acquire in any manner and to hold title to
or leasehold interests in real and personal property and to sell, convey or lease the
same for purpose of carrying out its functions and duties hereunder; (6) To construct and
operate or lease to or from any public body and project; (7) To execute agreements effectively
obligating the authority to agree to pay and to pay such portion of the estimated reasonable
cost of the project of each public body as may be required to meet the water quality goals
of the Clean Water Act and the state; (8) To issue bonds or other obligations...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-34-6.htm - 2K - Match Info - Similar pages
39-2-14
by the Commissioner of Revenue as to form, sufficiency, value, amount, stability, and other
features necessary to provide a guarantee of payment of the taxes due this state and other
governmental bodies. (b) In addition, within 30 days after registration, the contractor shall
file a statement with the Department of Revenue itemizing the machinery, materials, supplies,
and equipment that he has or will have on hand at the time he begins the fulfillment of the
contract where such tangible personal property has been brought, shipped, or transported
from outside the State of Alabama upon which neither the use taxes or ad valorem taxes have
been paid and shall pay the tax due thereon at the time of filing and thereafter shall report
and pay the tax as required by the Commissioner of Revenue. (c) Upon payment of the said taxes
due, as required hereby, the deposit or the surety bond required herein shall be returned
forthwith to the out-of-state contractor posting same. (d) The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-2-14.htm - 2K - Match Info - Similar pages
41-10-44.2
trades and businesses as the same may be hereafter reclassified in any subsequent publication
of the Standard Industrial Classification Manual. (4) JOB DEVELOPMENT FEE. The amount permitted
to be withheld by an approved company from the gross wages of the employees at a project pursuant
to the provisions of this article. (5) MAJOR PROJECT. Any project the capital cost of which
is expected to equal or exceed $100,000,000. (6) PROJECT. Any land, building or other improvement,
and all real and personal properties deemed necessary or useful in connection therewith,
whether or not now in existence, which shall be located in the state and shall be acquired,
constructed, expanded or installed for use by an approved company as an industrial or research
enterprise. (7) PROJECT COSTS. All costs and expenses incurred by the authority or an approved
company in connection with the acquisition, construction, installation and equipping of a
project, including, without limitation, each of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.2.htm - 4K - Match Info - Similar pages
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