Section 41-10-757 – Disposition of Proceeds of Bonds.
Section 41-10-757 Disposition of proceeds of bonds. (a) The authority is authorized and empowered to apply the proceeds of any bonds and any other funds belonging to the authority for any of the following purposes or uses: (1) For the purposes for which the bonds were authorized to be issued, in the following order: a. […]
Section 41-10-725 – Alabama Construction Recruitment Institute – Powers.
Section 41-10-725 Alabama Construction Recruitment Institute – Powers. The institute shall have the following powers: (1) To design, implement, and amend a program or programs to provide for the recruitment of, and the promotion of training programs and opportunities for, new craft trade workers for the construction industry and the users of the construction industry. […]
Section 41-10-758 – Creation of Special Fund.
Section 41-10-758 Creation of special fund. For the benefit of the State of Alabama and the citizens thereof, there is hereby created a special fund named the BP Settlement Fund which shall be funded with BP settlement revenues and administered in accordance with this article. All BP settlement revenues received after September 30, 2017, shall […]
Section 41-10-726 – Alabama Construction Recruitment Institute – Records.
Section 41-10-726 Alabama Construction Recruitment Institute – Records. The records of the institute shall be subject to the public records laws of this state, as amended, with the exception of any personal information collected or received by the institute from any individual. The books and the expenditures of the institute shall be audited annually by […]
Section 41-10-759 – Pledge and Appropriation of Bp Settlement Revenue to Pay Bonds.
Section 41-10-759 Pledge and appropriation of BP settlement revenue to pay bonds. There is hereby irrevocably pledged and appropriated such amounts of the BP settlement revenues retained in the special fund, and earnings thereon, as shall be necessary to pay the principal, interest, and premium, if any, on the authority’s bonds, to redeem such bonds […]
Section 41-10-727 – Definitions.
Section 41-10-727 Definitions. As used in this division, the following words shall have the following meanings: (1) DEPARTMENT. The Department of Revenue. (2) EMPLOYEE. An employee, as defined in the Internal Revenue Code, as amended from time to time; except that any individual providing services to an employer on an hourly, part-time, full-time, salaried, or […]
Section 41-10-728 – Fee Imposed on Wages of Certain Employees.
Section 41-10-728 Fee imposed on wages of certain employees. (a) In addition to all other taxes now imposed by law, there is hereby levied and imposed a fee on the wages, as defined in this division, paid by the employer to employees engaged in skilled labor in the performance of a construction contract or job […]
Section 41-10-729 – Duties of Department.
Section 41-10-729 Duties of department. It shall be the duty of the department to administer this division. The department may adopt, amend, or rescind rules and employ persons, make expenditures, require reports, make investigations, and take any other action as may be necessary or suitable to that end. The same penalties, interest, lien, and criminal […]
Section 41-10-730 – Failure to Pay Fee.
Section 41-10-730 Failure to pay fee. In the event an employer fails to pay to the department any amount required to be paid under this division, that amount may be assessed against the employer in the same manner, including interest and penalties, as is prescribed for the assessment of income tax under the provisions of […]
Section 41-10-731 – Disposition of Funds.
Section 41-10-731 Disposition of funds. (a) Any fees required by this division shall be remitted to the department and, after the cost appropriation in subsection (c), shall be deposited to the credit of the Recruitment and Training Promotion Fund in the State Treasury which is hereby created for the purpose of funding a recruitment and […]