Section 45-49A-65.05 – Disposition of Funds.
Section 45-49A-65.05 Disposition of funds. (a) Fifty percent of the tax proceeds distributed to the City of Mobile pursuant to Section 28-3-281, shall be transferred by the city treasurer to the board to be deposited as provided in Section 45-49A-65.02. (b) During the 1983 calendar year, tax proceeds shall be distributed in the following manner: […]
Section 45-49A-65.06 – Annual Audit.
Section 45-49A-65.06 Annual audit. Each association shall submit an annual audit to the board on or before April 30 of each year as to how the funds were spent during the previous year. (Act 83-502, p. 708, §7.)
Section 45-49A-64.14 – Exemption From Taxation.
Section 45-49A-64.14 Exemption from taxation. The property and income of the authority, all bonds issued by the authority, the income from such bonds, conveyances by or to the authority, and leases, mortgages, and deeds of trust by or to the authority shall be exempt from all taxation in the State of Alabama. The authority shall […]
Section 45-49A-64.15 – Freedom of Authority From Public Service Commission and Other State Supervision and Control.
Section 45-49A-64.15 Freedom of authority from Public Service Commission and other state supervision and control. This part is intended to aid the state in the execution of its duties by providing appropriate and independent instrumentalities of the state with full and adequate powers to fulfill their functions. Except as in this part expressly otherwise provided, […]
Section 45-49A-64.16 – Use of Public Roads.
Section 45-49A-64.16 Use of public roads. Each authority is hereby authorized to use the rights-of-way of all public roads in the state without securing the prior approval of the state or of its agencies or departments or the governing body of the county and subject only to the necessity of obtaining the municipal consent required […]
Section 45-49A-64.17 – Annual Budget and Audit.
Section 45-49A-64.17 Annual budget and audit. Within 30 days of the beginning of the fiscal year of an authority, the board shall adopt a budget for such fiscal year. Any such budget may be amended by a resolution of the board from time to time and at any time. Within 30 days following the close […]
Section 45-49A-64.01 – Definitions.
Section 45-49A-64.01 Definitions. The following words and phrases used in this part, and others evidently intended as the equivalent thereof, in the absence of clear implication herein otherwise, shall be given the following respective interpretations herein. (1) APPLICANT. A natural person who files a written application with the governing body of any municipality to which […]
Section 45-49A-64.02 – Use of Phrases.
Section 45-49A-64.02 Use of phrases. (a) The following provisions shall be applied wherever appropriate herein: Herein, hereby, hereunder, hereof, and other equivalent words refer to this part as an entirety and not solely to the particular section or portion thereof in which any such word is used. (b) The definitions set forth in Section 45-49A-64.01 […]
Section 45-49A-64.03 – Filing of Application; Authorization of Incorporation.
Section 45-49A-64.03 Filing of application; authorization of incorporation. (a) A public corporation may be organized pursuant to this part in any municipality having a population of not less than 175,000 nor more than 250,000 according to the last or any subsequent federal decennial census. In order to incorporate such a public corporation, any number of […]
Section 45-49A-64.04 – Procedure to Incorporate; Contents and Execution of Certificate of Incorporation.
Section 45-49A-64.04 Procedure to incorporate; contents and execution of certificate of incorporation. (a) Within 40 days following the adoption of an authorizing resolution by the governing body, the applicants shall proceed to incorporate an authority by filing for record in the office of the judge of probate of the county in which the municipality is […]