Terms Used In Alabama Code > Title 45 > Chapter 36 > Article 23 > Part 6 - Relief Acts

• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• month: means a calendar month. See Alabama Code 1-1-1
• property: includes both real and personal property. See Alabama Code 1-1-1