Year unavailable
Section 9-14F-18 Tax Exemption.
The authority may make payments and agreements to help bond interest remain exempt from federal income tax.
- Bond financing
- Tax exemption
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United States — Alabama Statutes
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United States — Alabama legislation
20 statutes shown from 47,997 source-backed records
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Section 9-14F-2 Legislative Findings.
The Legislature declares support for improving state parks and public historical sites and authorizes bond financing for those purposes.
- Bond issuance
- Capital improvements
- Public corporation
- State assets
Year unavailable
Section 9-14F-3 Definitions.
This section defines terms used in the chapter, including the Authority, the Board of Directors, bonds, government securities, and permitted investments.
- Definitions
- Investment instruments
Year unavailable
Section 9-14F-4 Alabama State Parks Enhancement Authority.
The named state officials may form the Alabama State Parks Enhancement Authority by filing a sworn application with the Secretary of State.
- Fees
- Filings
- Governance
- Incorporation
Year unavailable
Section 9-14F-5 Powers.
The authority has power to continue under its corporate name, sue and defend cases, use and change a corporate seal, hold and manage property, sell and issue certain bonds, and hire advisors and contractors.
- Advisors
- Authority powers
- Bonds
- Litigation
- Property
Year unavailable
Section 9-14F-6 Additional Powers.
The authority has power to improve, acquire, maintain, contract for, and transfer funds for Alabama state parks and public historical sites and parks.
- Contracts
- Fund transfers
- Government powers
- Property acquisition
Year unavailable
Section 9-14F-7 Bonds-Generally.
The section says these bonds are state general obligations, the bond proceeds must be used only for the amendment’s purposes, and the board of directors may set and issue bond terms.
- Bond issuance
- Bonds
- State obligations
Year unavailable
Section 9-14F-8 Bonds-Payment; Recordkeeping.
The State Treasurer must pay bond principal, any premium, and interest when they mature, and must keep appropriate records.
- Bond payments
- Recordkeeping
Year unavailable
Section 9-14F-9 Bonds-Redemption.
This section lets bond series be issued in different forms and gives the board of directors and the corporation power to set redemption and exchange terms.
- Bond issuance
- Bond redemption
Year unavailable
Section 9-15-1 Definitions.
This section defines “used lands” and “unused lands” for the article.
- Land use
Year unavailable
Section 9-15-10 Notice, Etc., of Change in Status, Disposition or Acquisition of Used and Unused Lands.
State institutions and departments must notify the Land Agent when they start using, stop using, lease, sell, dispose of, or acquire real estate, and they must send the related documents and descriptions.
- Land records
- Property administration
Year unavailable
Section 9-15-100 Disclosure Requirements.
Government bodies that buy real property with public funds must disclose the purchase information within 60 days, with delayed timing rules for certain project-related purchases.
- Meeting minutes
- Public funds
- Real property purchase disclosure
- Website publication
Year unavailable
Section 9-15-11 Preparation of County Maps Showing Ownership and Location of Lands Owned by State Institutions or Departments.
The Land Agent in the Department of Conservation and Natural Resources must prepare county maps showing the location and ownership of real estate owned by state institutions or departments.
- County maps
- State-owned real estate
Year unavailable
Section 9-15-12 Preparation of Lists of Lands Owned by State, State Institutions, Etc., for County Tax Assessors; Notice of Acquisition or Disposition of Lands.
The Land Agent must prepare and send county tax assessors a list of State-owned lands, and notify them when additional lands are acquired or when lands are sold or disposed of.
- Land records
- Tax assessor notifications
Year unavailable
Section 9-15-13 Acquisition of Lands to Which State Entitled; Recordation of Same.
The Department of Conservation and Natural Resources must identify state-entitled lands that have not yet been received, allocated, or set aside, and take immediate and appropriate action to acquire them.
- Land acquisition
- Record keeping
Year unavailable
Section 9-15-14 Duty to Determine Best Use for Which Unused Lands May Be Adapted; Use of Same for Purpose for Which Suited.
The Department of Conservation and Natural Resources must determine the best use of unused state-owned lands, and the Commissioner may use those lands for their suited purpose if requested by the managing department or institution and approved by the Governor. The department may not lease or sell certain Fort Morgan Pa
- Public lands management
Year unavailable
Section 9-15-15 Disposition of Revenues from Unused Lands Managed by Department; Charges for Administration, Protection, Mapping, Etc.
The provision directs how revenues from lands managed by the Department of Conservation and Natural Resources are allocated, including deductions for management costs and payment into state funds or to the entitled institution or agency.
- Land management charges
- Revenue allocation
Year unavailable
Section 9-15-16 Maximum Amount for Charges for Administration, Etc., of Lands.
Charges for administering, managing, protecting, or developing the lands must not exceed 10% of gross income from the lands.
- Land administration
Year unavailable
Section 9-15-17 Fund for Management, Etc., of Unused Lands.
The Commissioner must send certain retained funds to the State Treasurer, who must keep them in a special fund for unused lands and pay them out only on the Commissioner’s requisition.
- Budget controls
- Fund management
Year unavailable
Section 9-15-18 Sale of Timber, Minerals, Etc., from Lands; Lease, Exchange or Sale of Lands, Etc.
The Commissioner of Conservation and Natural Resources may sell timber, minerals, or other natural resources from managed lands, and may lease, exchange, or sell covered lands with required approvals.
- Asset disposal
- Land management
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