reglab/housing_qa huggingface dataset:
AL Code § 41-10-628 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-628 - Disposition of Proceeds of Bonds.

Section 41-10-628Disposition of proceeds of bonds. (a) The authority is authorized and empowered to apply the proceeds of any bonds for any of the following purposes or uses: (1) For the purposes for which the bonds were authorized to be issued. (2) To fund any reserve fund established in connection with an authorized issue if the authority deems the establishment of such reserve fund to be necessary and desirable. (3) To pay for the cost of obtaining credit enhancement for the bonds. (4) To pay capitalized interest on the bonds. (5) To pay the costs of issuing the bonds. (6) If refunding bonds are issued pursuant to this division, to pay debt service on and the redemption price of any bonds to be refunded. (b) Pending the application of the proceeds of bonds of the authority to the purpose or purposes for which the bonds were issued, the proceeds and any monies held in funds created as security for the bonds may be invested by the authority in permitted investments, as the authority shall deem advisable. (c) Any and all revenues, receipts, investment earnings, and other funds paid to, or otherwise coming into the possession of the authority shall be held, deposited, administered, invested, and applied as provided in the resolution of the directors authorizing the issuance of the bonds and as provided in any trust indenture or other agreement delivered in connection therewith, or otherwise as the authority may direct, consistent with the resolution, trust indenture, or other agreement and this division. (Act 99-353, p. 538, §9.)
AL Code § 41-10-629 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-629 - Alabama 21st Century Fund.

Section 41-10-629Alabama 21st Century Fund. For the benefit of the State of Alabama and the citizens thereof, there is hereby created a special fund named the "Alabama 21st Century Fund" which shall be funded with tobacco revenues and administered in accordance with this division. The following amounts shall be retained in the special fund in the following fiscal years and shall be used to pay principal, interest, and premium, if any, due on bonds issued by the authority. Fiscal YearAmount to be Retained2000$7,000,0002001 9,000,000200211,000,0002003-201713,000,0002018 and thereafter16,000,000 Pending the use of revenues in the special fund for the payment of debt service on the bonds, such revenues shall be invested by the State Treasurer in permitted investments until such revenues are needed for such purposes. Earnings on such permitted investments shall remain a part of the special fund. For the fiscal year ended September 30, 2015, twenty million dollars ($20,000,000) shall be transferred from the Alabama 21st Century Fund to the State General Fund. (Act 99-353, p. 538, §10; Act 2009-563, p. 1634, §1; Act 2010-220, p. 365, §1; Act 2014-319, p. 1142, §1.)
AL Code § 41-10-630 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-630 - Pledge and Appropriation of Tobacco Revenues to Redeem Bonds.

Section 41-10-630Pledge and appropriation of tobacco revenues to redeem bonds. There is hereby irrevocably pledged and appropriated such amounts of tobacco revenues retained in the special fund, and earnings thereon, as shall be necessary to pay and to redeem prior to their respective maturities the principal, interest, and premium, if any, on the authority's bonds and to pay the principal of and the interest on any refunding bonds issued to refund such bonds. (Act 99-353, p. 538, §11.)
AL Code § 41-10-631 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-631 - Notice; Contested Actions.

Section 41-10-631Notice; contested actions. (a) Upon the adoption by the directors of any resolution providing for the issuance of bonds, the authority may cause to be published once a week for two consecutive weeks, in newspapers published or having a general circulation in the Cities of Birmingham, Montgomery, Huntsville, and Mobile, a notice in substantially the following form, the blanks being properly filled in, at the end of which shall be printed the name and title of either the president or the secretary of the authority: "Alabama 21st Century Authority, a public corporation under the laws of the State of Alabama, on the __ day of __, authorized the issuance of $____ principal amount of bonds for purposes authorized in Division 1 of Article 17 of Chapter 10 of Title 41, Code of Alabama 1975. The proceeds from the sale of the bonds are proposed to be issued to finance ___. Any action or proceeding questioning the validity of the bonds, the security thereof, the use of the proceeds thereof, or the proceedings authorizing the bonds, shall be commenced within 30 days after the first publication of this notice." (b) Any action or proceeding in any court to set aside or question the proceedings for the issuance of the bonds referred to in the notice or to contest the validity of any bonds or the validity of security therefor, or the validity of the proposed use of the proceeds thereof must be commenced within 30 days after the first publication of the notice. After the expiration of the period, no right of action or defense questioning or attacking the foregoing shall be asserted, nor shall the validity of the proceeding, bonds, security, or use of proceeds be open to question in any court on any ground whatsoever except in an action commenced within the period. (Act 99-353, p. 538, §12.)
AL Code § 41-10-632 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-632 - Tax Exemption.

Section 41-10-632Tax exemption. The income and property of the authority, all bonds of the authority and the interest paid on any such bonds, all conveyances by or to the authority, and all instruments by and to the authority shall be exempt from all taxation in the state. The authority shall also be exempt from all license and excise taxes imposed in respect of the privilege of engaging in any of the activities in which the authority may engage. The authority shall not be obligated to pay or allow any fees, taxes, or costs in the recording of any document to the judge of probate of any county. (Act 99-353, p. 538, §13.)
AL Code § 41-10-633 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-633 - Notice and Hearing Not Required.

Section 41-10-633Notice and hearing not required. Except as may be expressly provided in this division, no proceeding, notice, or approval shall be required for the issuance of any bonds by the authority, the execution of any mortgage and deed of trust, trust indenture, or other document, or the exercise of any other of the powers of the authority. Neither a public hearing nor the consent of the Department of Finance shall be prerequisite to the issuance of bonds by the authority. (Act 99-353, p. 538, §14.)
AL Code § 41-10-634 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-634 - Application of Other Laws.

Section 41-10-634Application of other laws. Articles 2 and 3 of Chapter 16 of this title, and other similar laws shall not apply to the authority, its directors, or any of its officers, agents, or employees in their capacities as such. (Acts 99-353, p. 538, §15.)
AL Code § 41-10-635 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-635 - Dissolution.

Section 41-10-635Dissolution. At any time when no bonds of the authority are outstanding, the authority may be dissolved upon the filing with the Secretary of State of an application for dissolution, which shall be subscribed by each of the directors of the authority and sworn to by each director before an officer authorized to take acknowledgments to deeds. Upon the filing of the application for dissolution, the authority shall cease to exist. The Secretary of State shall file and record the application for dissolution in an appropriate book of record in his or her office, and shall make and issue, under the Great Seal of the State, a certificate that the authority is dissolved, and shall record the certificate with the application for dissolution. Title to all property held in the name of the authority shall be vested in the state upon dissolution of the authority. (Act 99-353, p. 538, §16.)
AL Code § 41-10-636 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-636 - Racial and Ethnic Diversity.

Section 41-10-636Racial and ethnic diversity. The Alabama 21st Century Authority shall, to the extent practical, utilize businesses and companies in all aspects of the bond and construction sections of this division that reflect the racial and ethnic diversity of the state. (Act 99-353, p. 538, §17.)
AL Code § 41-10-637 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-637 - Utilization of Services Provided by Department of Finance.

Section 41-10-637Utilization of services provided by Department of Finance.  The authority shall utilize all administrative services which may be provided by the state Department of Finance. (Act 99-353, p. 538, §18.)
AL Code § 41-10-639 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-639 - Liberal Construction.

Section 41-10-639Liberal construction. This division being remedial in nature, it shall be liberally construed to effect its purpose. (Act 99-353, p. 538, §20.)
AL Code § 41-10-640 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-640 - Alabama Construction Recruitment Institute - Application.

Section 41-10-640Alabama Construction Recruitment Institute - Application. Transferred to §41-10-723 by Act 2010-220, p. 365, §3, effective March 22, 2010. (Act 2009-563, §2.)
AL Code § 41-10-641 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-641 - Alabama Construction Recruitment Institute - Board of Directors.

Section 41-10-641Alabama Construction Recruitment Institute - Board of directors. Transferred to §41-10-724 by Act 2010-220, p. 365, §3, effective March 22, 2010. (Act 2009-563, §2.)
AL Code § 41-10-642 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-642 - Alabama Construction Recruitment Institute - Powers.

Section 41-10-642Alabama Construction Recruitment Institute - Powers. Transferred to §41-10-725 by Act 2010-220, p. 365, §3, effective March 22, 2010. (Act 2009-563, §2.)
AL Code § 41-10-643 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-643 - Alabama Construction Recruitment Institute - Records.

Section 41-10-643Alabama Construction Recruitment Institute - Records. AMENDED AND RENUMBERED §41-10-726 BY ACT 2010-220, EFFECTIVE MARCH 22, 2010. (Act 2009-563, §2.)
AL Code § 41-10-644 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 1 - Authority Generally.|Section 41-10-644 - Applicability.

Section 41-10-644Applicability. Nothing in Act 2009-563 shall apply to anyone licensed by the Home Builders Licensure Board or any subcontractor working on any residential project falling under the jurisdiction of the Alabama Home Builders Licensure Board or those specifically exempted under the provisions of Title 34, Chapter 14A. Notwithstanding the foregoing, anyone licensed by the Alabama Home Builders Licensure Board or subcontractors working on any commercial or industrial project shall be subject to Act 2009-563. (Act 2009-563, §3.)
AL Code § 41-10-650 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 2 - Job Development Act of 1999.|Section 41-10-650 - Short Title.

Section 41-10-650Short title. This division shall be known and may be cited as the "Job Development Act of 1999." (Act 99-391, p. 641, §2.)
AL Code § 41-10-651 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 2 - Job Development Act of 1999.|Section 41-10-651 - Legislative Findings.

Section 41-10-651Legislative findings. (a) The Legislature finds and declares the following: (1) That it is appropriate and necessary that measures be taken to secure to the citizens of the state the benefits of a strengthening economy resulting from increased industrial development. That among these benefits are diversification of available job opportunities, higher salaries, better working conditions, lower consumer prices for industrial products, conservation and efficient use of natural resources, and maximum utilization of technical skills possessed by the citizens of the state. (2) That the police power of the state places upon the Legislature the duties of ascertaining and determining when the welfare of the people requires the exercise of such power. (3) That the public interest lies in the promotion of industry, and the welfare of the people is so inextricably intertwined with industry and industrial development as to make its well-being a matter of governmental concern. (4) That the recruitment of industries to the state, which produces additional jobs and strengthens the state's economy, has become increasingly competitive, with the state being required to compete not only with other states, but also foreign nations. (5) That in an effort to secure for its citizens the benefits of a sound and diversified economy and a higher quality of life, the State of Alabama, acting in its own name and through various entities, has made substantial financial commitments for incentives to induce an internationally renowned company to locate a state-of-the-art manufacturing facility in Alabama. (6) That it is necessary and in the public interest to honor the commitments heretofore made by the State of Alabama to such company. (b) By the passage of this division, it is the intention of the Legislature to: (1) Authorize the authority to sell and issue from time to time its bonds not exceeding fifty million dollars ($50,000,000) in aggregate principal amount for the purpose of providing the State of Alabama with the funds necessary to honor its commitments to such company; (2) Prescribe certain additional powers and duties of the authority which are necessary to enable the State of Alabama to honor its commitments to the company; (3) Provide that the bonds authorized hereby will be payable solely out of and secured by a pledge and assignment of tobacco revenues held in the Alabama 21st Century Fund. (Act 99-391, p. 641, §1.)
AL Code § 41-10-653 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 2 - Job Development Act of 1999.|Section 41-10-653 - Powers of the Authority.

Section 41-10-653Powers of the authority. The authority shall have, in addition to all powers heretofore granted to the authority pursuant to Division 1, the following powers: (1) To sell and issue the bonds authorized herein for the purposes specified herein.  (2) To pledge the pledged revenues as security for the payment of the bonds. (3) To acquire any real or personal property and to convey the same to the company or to any local governmental entity with or without consideration. (4) To lease any real or personal property to the company or to any local governmental entity for use in any part of the project. (5) To mortgage any part of the project as security for the bonds. (6) To make, enter into, and execute contracts, agreements, or other instruments necessary to acquire or construct capital improvements to any part of the project. (7) To incur ancillary costs, project costs and training costs and to pay for the same out of proceeds of the bonds, subject to the provisions of Section 41-10-657. (8) To cooperate with and provide financial assistance to local governmental entities in order to facilitate the construction of public improvements that benefit the company. (9) To guarantee the performance by any local governmental entity of any obligations or commitments undertaken by such local governmental entity as an incentive to induce the company to locate the manufacturing facility in the state, and to provide indemnification to the company with respect to such obligations and commitments. (Act 99-391, p. 641, §4.)
AL Code § 41-10-654 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 2 - Job Development Act of 1999.|Section 41-10-654 - Bonds of the Authority.

Section 41-10-654Bonds of the authority. (a) General authorization to issue bonds. The authority is authorized from time to time to sell and issue the bonds in one or more series in an aggregate principal amount of up to fifty million dollars ($50,000,000) in order to provide the funds to pay project costs, ancillary costs, and training costs. (b) Source of payment. The bonds authorized herein shall be solely and exclusively an obligation of the authority and shall not create an obligation or debt of the state. Such bonds shall not be general obligations of the authority but shall be payable solely from the pledged revenues. (c) Security for the bonds. The principal of and interest on the bonds shall be secured by a pledge of the pledged revenues and, if necessary and desirable in the authority's sole discretion, a mortgage on any part of the project. The resolution under which the bonds are authorized by the authority to be issued and any trust indenture or mortgage may contain any agreements and provisions respecting the rights, duties, and remedies of the parties to any such instrument and the parties for the benefit for whom any such instrument is made and the rights and remedies available in the event of default as the authority shall deem advisable. (d) General provisions respecting form, sale, and execution of the bonds. All bonds shall be issued, executed and sold in the form and in the manner set forth in Division 1. The bonds may be sold at public or private sale as the authority shall deem advisable. (e) State Treasurer as registrar, transfer agent, and paying agent. The State Treasurer shall be registrar, transfer agent, and paying agent for the bonds. The State Treasurer may designate named individuals who are employees of the state and who are assigned to the State Treasurer's office to authenticate the bonds. (Act 99-391, p. 641, §5.)
AL Code § 41-10-655 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 2 - Job Development Act of 1999.|Section 41-10-655 - Debt Service.

Section 41-10-655Debt service. There is hereby irrevocably pledged and appropriated such amount of pledged revenues deposited in the special fund, and earnings thereon, as may be necessary to pay and to redeem prior to their respective maturities the principal, interest and premium, if any, on the bonds; provided, however that the bonds may not be issued in principal amounts and maturities such that the debt service payable on such bonds may ever be greater than the amounts permitted by Division 1. (Act 99-391, p. 641, §6.)
AL Code § 41-10-656 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 2 - Job Development Act of 1999.|Section 41-10-656 - Use of Bond Proceeds.

Section 41-10-656Use of bond proceeds. (a) The proceeds derived from the sale of the bonds shall be deposited in the State Treasury and shall be carried in a separate fund therein for the account of the authority. The proceeds from the sale of the bonds remaining after payment of the expenses of issuance thereof shall be retained in such fund and, until they are paid out, shall be invested by the State Treasurer at the direction of the authority, in investments that constitute permitted investments, as defined in Division 1. Monies in such fund, whether original proceeds from the sale of the bonds or principal proceeds of matured investments, shall be paid out from time to time in orders or warrants issued by or on the direction of the authority for any one or more of the purposes specified in Section 41-10-654 that may be deemed by the authority to be necessary to comply with any and all commitments made by the state to the company. (b) Notwithstanding subsection (a), the authority may use proceeds of the bonds to fund any reserve fund or capitalized interest fund deemed by the authority to be necessary and desirable. (Act 99-391, p. 641, §7.)
AL Code § 41-10-657 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 2 - Job Development Act of 1999.|Section 41-10-657 - Payment of Training Costs.

Section 41-10-657Payment of training costs.  In addition to the power to finance the payment of training costs through the issuance of the bonds, the authority may, if it determines that it is in the best interests of the state to do so, pay such training costs directly out of pledged revenues in the special fund, provided that any such payment in any fiscal year, together with debt service payable on outstanding bonds in such fiscal year, shall not exceed the total amount of pledged revenues permitted to be used by Division 1 to pay debt service on the authority's outstanding bonds in such fiscal year. (Act 99-391, p. 641, §8.)
AL Code § 41-10-658 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 2 - Job Development Act of 1999.|Section 41-10-658 - Construction of Division.

Section 41-10-658Construction of division. This division being remedial in nature, it shall be liberally construed to effect its purpose. (Act 99-391, p. 641, §10.)
AL Code § 41-10-670 (2021)
2021 Code of Alabama|Title 41 - State Government.|Chapter 10 - Authorities.|Article 17 - Alabama 21st Century Authority.|Division 3 - Job Development Act of 2001.|Section 41-10-670 - Short Title.

Section 41-10-670Short title.  This division shall be known and may be cited as the "Job Development Act of 2001." (Act 2001-691, p. 1430, §2.)