Terms Used In Alabama Code > Title 10 > Chapter 14

• AGING PROGRAMS: Any program for the operation of the the Department of Senior Services. See Alabama Code 41-10-591
• APPROPRIATED FUNDS: The tobacco revenues deposited in the special fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-630. See Alabama Code 41-10-622
• authority: The public corporation organized pursuant to this division. See Alabama Code 41-10-541
• authority: The Alabama 21st Century Authority authorized to be established pursuant to Section 41-10-623. See Alabama Code 41-10-622
• AUTHORITY OBLIGATIONS: Bonds of the authority and authority guaranties. See Alabama Code 41-10-541
• bonds: Those bonds, including refunding bonds, issued pursuant to this division. See Alabama Code 41-10-622
• CAPITAL EQUIPMENT: Any items of movable machinery, equipment, furniture, or other personal property to efficiently carry out the functions of state government provided that each item has an anticipated useful life of not less than 10 years. See Alabama Code 41-10-591
• CAPITAL IMPROVEMENT: As may in the circumstances be appropriate for the Department of Mental Health, Department of Corrections, Department of Public Safety, Department of Revenue, Department of Human Resources, Office of Voter Registration, and economic development, including, but not limited to, economic development of a county, (i) the acquisition of land to serve as a site for any new building, structure, or other facility, (ii) the acquisition by purchase of any new building, structure, or other facility, (iii) the construction of any new building, structure, or other facility, and (iv) the renovation, expansion, modernization, alteration, or other improvement of any existing building, structure, or facility; provided that to qualify as a capital improvement any building, structure, or other facility, whether previously existing for any period of time or newly constructed, or any renovation, expansion, modernization, alteration, or other improvement of any building, structure, or other facility, shall have an anticipated useful life of not less than 25 years as of the date that such shall be acquired, constructed, or made by any entity using any money provided pursuant to this division to pay all or any portion of the costs thereof. See Alabama Code 41-10-591
• COMPUTER SYSTEMS: Any and all computer hardware, firmware, and software owned by or useful in the performance of any function for any state entity. See Alabama Code 41-10-591
• Deed: The legal instrument used to transfer title in real property from one person to another.
• directors: The Board of Directors of the Alabama Incentives Financing Authority. See Alabama Code 41-10-541
• Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. ^{Source: OCC}
• GOVERNMENT SECURITIES: Any bonds or other obligations which as the principal and interest constitute direct obligations of, or are unconditionally guaranteed by, the United States of America, including obligations of any federal agency to the extent such obligations are unconditionally guaranteed by the United States of America and any certificates or any other evidences of an ownership interest in such obligations of, or unconditionally guaranteed by, the United States of America or in specified portions thereof, which may consist of the principal thereof or the interest thereon. See Alabama Code 41-10-622
• IMPLEMENTATION PROGRAMS: Any new programs, procedures, or administrative costs, which state agencies are required to implement and maintain under the laws of the State of Alabama. See Alabama Code 41-10-591
• PERMITTED INVESTMENTS: (i) Government Securities; (ii) bonds, debentures, notes, or other evidences of indebtedness issued by any of the following agencies: Bank for Cooperatives; federal intermediate credit banks; Federal Financing Bank; federal home loan banks; Federal Farm Credit Bank; Export-Import Bank of the United States; federal land banks; or Farmers Home Administration or any other agency or corporation which has been or may hereafter be created by or pursuant to an act of the Congress of the United States as an agency or instrumentality thereof; (iii) bonds, notes, pass through securities or other evidences of indebtedness of the Government National Mortgage Association and participation certificates of the Federal Home Loan Mortgage Corporation; (iv) full faith and credit obligations of any state, provided that at the time of purchase such obligations are rated at least "AA" by Standard & Poor's Ratings Group and at least "Aa" by Moody's Investors Service; (v) public housing bonds issued by public agencies or municipalities and fully secured as to the payment of both principal and interest by contracts with the United States of America, or temporary notes, preliminary notes, or project notes issued by public agencies or municipalities, in each case fully secured as to the payment of both principal and interest by contracts with the United States of America, or temporary notes, preliminary notes or project notes issued by public agencies or municipalities, in each case fully secured as to the payment of both principal and interest by a requisition or payment agreement with the United States of America; (vi) time deposits evidenced by certificates of deposit issued by banks or savings and loan associations which are members of the Federal Deposit Insurance Corporation, provided that, to the extent such time deposits are not covered by federal deposit insurance, such time deposits (including interest thereon) are fully secured by a pledge of obligations described in items (i), (ii), (iii), and (v) above, which at all times have a market value not less than the amount of such bank time deposits required to be so secured and which meet the greater of 100 percent collateralization or the "AA" collateral levels established by Standard & Poor's Ratings Group for structured financings; (vii) repurchase agreements for obligations of the type specified in items (i), (ii), (iii), and (v) above, provided such repurchase agreements are fully collateralized and secured by such obligations which have a market value at least equal to the purchase price of such repurchase agreements which are held by a depository satisfactory to the State Treasurer in such manner as may be required to provide a perfected security interest in such obligations, and which meet the greater of 100 percent collateralization or the "AA" collateral levels established by Standard & Poor's Ratings Group for structured financings; and (viii) 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 Ratings Group and at least "Aa" by Moody's Investors Service. See Alabama Code 41-10-622
• personal property: includes money, goods, chattels, things in action and evidence of debt, deeds and conveyances. See Alabama Code 1-1-1
• REFUNDING BONDS: Those refunding bonds issued pursuant to this division. See Alabama Code 41-10-622
• SPECIAL FUND: The Alabama 21st Century Fund established pursuant to Section 41-10-629. See Alabama Code 41-10-622
• state: The State of Alabama. See Alabama Code 41-10-622
• STATE ENTITY: The State of Alabama and any agency, authority, board, commission, department, or instrumentality thereof. See Alabama Code 41-10-591
• TOBACCO REVENUES: Revenues received by the state pursuant to any federal tobacco-related settlement, any tobacco-related appropriations made by the United States Congress to the State of Alabama, or any revenues received by the state from litigation against any tobacco-related industry. See Alabama Code 41-10-622
• TRAINING FACILITY: Any facility to be used for the purpose of providing vocational, technical, or other training for employees or prospective employees of any industry for the manufacturing, processing, cultivating, or assembling of any agricultural or manufactured product. See Alabama Code 41-10-541