United States — Alabama
Section 9-14F-18 Tax Exemption.
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The authority may make payments and agreements to help bond interest remain exempt from federal income tax.
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47,997 statutes · page 2,372 of 2,400
United States — Alabama
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The authority may make payments and agreements to help bond interest remain exempt from federal income tax.
United States — Alabama
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The Legislature declares support for improving state parks and public historical sites and authorizes bond financing for those purposes.
United States — Alabama
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This section defines terms used in the chapter, including the Authority, the Board of Directors, bonds, government securities, and permitted investments.
United States — Alabama
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The named state officials may form the Alabama State Parks Enhancement Authority by filing a sworn application with the Secretary of State.
United States — Alabama
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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.
United States — Alabama
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The authority has power to improve, acquire, maintain, contract for, and transfer funds for Alabama state parks and public historical sites and parks.
United States — Alabama
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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.
United States — Alabama
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The State Treasurer must pay bond principal, any premium, and interest when they mature, and must keep appropriate records.
United States — Alabama
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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.
United States — Alabama
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This section defines “used lands” and “unused lands” for the article.
United States — Alabama
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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.
United States — Alabama
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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.
United States — Alabama
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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.
United States — Alabama
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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.
United States — Alabama
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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.
United States — Alabama
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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
United States — Alabama
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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.
United States — Alabama
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Charges for administering, managing, protecting, or developing the lands must not exceed 10% of gross income from the lands.
United States — Alabama
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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.
United States — Alabama
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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.