§ 9-10A-1 Legislative intent
§ 9-10A-2 Definitions
§ 9-10A-3 Purpose of authorities
§ 9-10A-4 Guidelines for protecting forested watersheds
§ 9-10A-5 Land which may be included in authority
§ 9-10A-6 Petition to form authority
§ 9-10A-7 Joint board of supervisors to hear petition when authority lies in multiple conservation districts
§ 9-10A-8 Notice of hearing; right of interested parties; record of final determination
§ 9-10A-9 Creation of board of directors; terms of office; vacancies
§ 9-10A-10 Election of directors
§ 9-10A-11 Successor of director; term of office
§ 9-10A-12 Officers of board; treasurer to execute bond; quorum; notice of meetings; position vacated due to absences; records
§ 9-10A-13 Reimbursement for expenditures
§ 9-10A-14 Powers of board
§ 9-10A-15 Issuance of bonds
§ 9-10A-16 Petition for discontinuance of authority
§ 9-10A-17 Audits
§ 9-10A-18 State Code of Ethics; public officials; public employees
§ 9-10A-19 Employees deemed members of State Retirement System
§ 9-10A-20 Health insurance benefits for full-time employees
§ 9-10A-21 Competitive bidding on public contracts
§ 9-10A-22 Property exempt from taxation

Terms Used In Alabama Code > Title 9 > Chapter 10A

  • AGING PROGRAMS: Any program for the operation of the the Department of Senior Services. See Alabama Code 41-10-591
  • APPROPRIATED FUNDS: Net TVA payments to the extent such payments are pledged and appropriated to the authority pursuant to Section 41-10-550. See Alabama Code 41-10-541
  • 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
  • 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
  • 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 GUARANTY: An agreement of the authority pursuant to which the payment of debt service referable to bonds, notes, or other evidences of indebtedness of a development agency is guaranteed by the authority. See Alabama Code 41-10-541
  • AUTHORITY OBLIGATIONS: Bonds of the authority and authority guaranties. See Alabama Code 41-10-541
  • AUTHORITY-GUARANTEED OBLIGATIONS: Bonds, notes, or other evidences of indebtedness of a development agency that are issued solely for the purpose in financing a project and that are guaranteed, in whole or in part, by an authority guaranty. See Alabama Code 41-10-541
  • bonds: Bonds of the authority issued for any authorized purpose. 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
  • DEBT SERVICE: The principal of and interest (and premium, if any) on an obligation (including, without limitation, any principal required to be paid prior to its stated maturity) and any ongoing trustee or paying agent fees or fees of providers of credit enhancement or liquidity facilities. See Alabama Code 41-10-541
  • DEVELOPMENT AGENCY: A county, municipality, or industrial development authority organized under Chapter 92A of Title 11; an industrial development board organized under Article 4, Chapter 54 of Title 11, or the State Industrial Development Authority. See Alabama Code 41-10-541
  • 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
  • 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. See Alabama Code 41-10-541
  • FUNDING AGREEMENT: An agreement between the state and the authority under which the state shall agree to make funds available to the authority to be used for the payment, or to enhance the payment, of debt service on bonds issued by the authority; provided (i) such agreement shall have an initial term from the date of execution thereof through the September 30 immediately succeeding the date of execution, and shall be subject to renewal, at the sole option of the state, for successive terms of twelve (12) months each, each such term to coincide with the fiscal year of the state beginning on October 1 and continuing until and including the next succeeding September 30, and (ii) any obligation on the part of the state to pay amounts required to be paid during any fiscal year of the state under such agreement shall constitute a limited obligation of the state payable solely out of the revenues and receipts appropriated to and received by the state during the fiscal year of the state during which any such amount is to be payable. See Alabama Code 41-10-541
  • 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
  • MAINTENANCE FUND: A fund established by resolution of the directors for the purpose of holding amounts directed by resolution of the authority to be maintained and used to pay the costs and expenses of acquiring, operating, and maintaining any project or other property owned, acquired or operated by the authority and to pay any other costs, expenses or obligations of the authority. See Alabama Code 41-10-541
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • person: Unless limited to a natural person by the context in which it is used, includes a private firm, a private association, a public or private corporation, a municipality, a county, or an agency, department, or instrumentality of the state or of a county or municipality. See Alabama Code 41-10-541
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
  • 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, that are or are to be located in the state and that have been or are to be acquired, constructed, expanded, or installed for use (i) by an industrial or research enterprise, (ii) by a manufacturing, aviation or transportation enterprise, (iii) by any enterprise engaged in manufacturing, processing, cultivating or assembling any agricultural or manufactured product, (iv) as a training facility, or (v) by any entity in promoting economic development or the recruitment of industrial, research, manufacturing, aviation or transportation prospects to the state. See Alabama Code 41-10-541
  • PROJECT COSTS: All costs and expenses incurred by the authority or any person in connection with the acquisition, construction, installation, and equipping of a project, including, without limitation, any of the following:

    a. See Alabama Code 41-10-541

  • REFUNDING BONDS: Those refunding bonds issued pursuant to this division. See Alabama Code 41-10-622
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • RESERVE FUND: Any fund or account established by the authority in which moneys are placed in reserve to be used to pay the principal of or interest on bonds issued by the authority in the event funds pledged for the payment of debt service on such bonds are insufficient to timely satisfy the payment requirements. See Alabama Code 41-10-541
  • 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
  • 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
  • TRAINING FACILITY MANAGEMENT FEES: Fees payable to any person as compensation for managing a training facility under a management agreement entered into pursuant to Section 41-10-551, including payments to be made to reimburse such person for the costs of operating and maintaining a training facility. See Alabama Code 41-10-541
  • Trustee: A person or institution holding and administering property in trust.
  • Venue: The geographical location in which a case is tried.