Section 11-104-4 – Trustees.
Section 11-104-4 Trustees. (a) A governmental entity or entities may retain as a trustee any financial institution, committee, association, person, or persons which it deems capable, competent, experienced, and appropriate for serving in such capacity. (b) The powers and duties of the trustee shall be evidenced in and determined by the written trust agreement between […]
Section 11-104-5 – Funding; Trust Investments.
Section 11-104-5 Funding; trust investments. (a) Subject to any limitations necessary to ensure the tax-exempt status of a trust, the sources of funding to a trust may be any of the following: (1) Appropriations made by the governmental entity. (2) Contributions by employees and retired employees. (3) Employer contributions. (4) Investment income. (5) Proceeds of […]
Section 11-104-6 – Applicability of Chapter
Section 11-104-6 Applicability of chapter Nothing in this chapter shall be construed to define or otherwise grant any right or privilege to post-employment benefits or any other benefits to any person other than those post-employment benefits, rights, and privileges previously or already granted to employees, retired employees, and their dependents by each governmental entity’s post-employment […]
Section 11-104-7 – Construction With Other Laws.
Section 11-104-7 Construction with other laws. It is the intent of the Legislature that, to the extent a governmental entity or entities establishes a trust, that it be operated in compliance with the Internal Revenue Code 26 U.S.C., as amended, in a manner which would allow the trust to maximize investment earnings while minimizing the […]
Section 11-105-1 – Formation of Public Authority.
Section 11-105-1 Formation of public authority. Any one or more municipalities or counties, or any combination thereof, by resolution of the governing body of each participating municipality or county, may elect to form a public authority for the purpose of promoting and developing tourism in the geographic area to be served by the authority. The […]
Section 11-105-2 – Designation of Tourism Promotion and Development District.
Section 11-105-2 Designation of tourism promotion and development district. A public authority established pursuant to this chapter shall designate a tourism promotion and development district which may be comprised of part or all of the corporate limits of any participating municipality and all or part of the unincorporated areas of any participating county. The governing […]
Section 11-105-3 – Powers of Authority.
Section 11-105-3 Powers of authority. (a) A public authority established pursuant to this chapter may conduct programs and events, including, but not limited to, programs of information and publicity and public events to attract tourists to geographic areas served by the authority. The authority may conduct programs or events in Alabama and elsewhere and expend […]
Section 11-105-4 – Board of Directors.
Section 11-105-4 Board of directors. (a) The affairs of the authority shall be managed by a board of directors, hereinafter called the board, which shall consist of the following: At least one and not more than five board members representing each incorporated municipality located within the defined tourism promotion and development district and not more […]
Section 11-105-5 – Powers of Board.
Section 11-105-5 Powers of board. (a) The power of the authority shall be vested in and exercised by the board of directors pursuant to this chapter. (b) The board may employ agents, employees, officers, consultants, attorneys, and secure services and assistance the board deems necessary to enable it to conduct and engage in the activities […]
Section 11-106-1 – Short Title.
Section 11-106-1 Short title. This chapter shall be known and may be cited as the Military Land Use Planning Act. (Act 2014-13, p. 44, §1.)