reglab/housing_qa huggingface dataset:
AL Code § 11-54-147 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 5 - Acquisition, etc., of Projects for Promotion of Hotel Services and Other Businesses Generally in Certain Municipalities.|Section 11-54-147 - Use of Proceeds From Sale of Bonds; Cost of Acquiring Project.

Section 11-54-147Use of proceeds from sale of bonds; cost of acquiring project. The proceeds from the sale of any bonds issued under authority of this article shall be applied only for the purpose for which the bonds were issued; provided, however, that any accrued interest and premium received in any such sale shall be applied to the payment of the principal of or the interest on the bonds sold; and provided, further, that if for any reason any portion of such proceeds shall not be needed for the purpose for which the bonds were issued, then such unneeded portion of said proceeds shall be applied to the payment of the principal of or the interest on said bonds. The cost of acquiring any project shall be deemed to include the following: The actual cost of the construction of any part of a project which may be constructed, including architect's and engineer's fees; the purchase price of any part of a project that may be acquired by purchase; all expenses in connection with the authorization, sale, and issuance of the bonds to finance such acquisition; and the interest on such bonds for a reasonable time prior to construction, during construction, and for not exceeding six months after completion of construction. (Acts 1979, No. 79-722, p. 1277, §8.)
AL Code § 11-54-148 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 5 - Acquisition, etc., of Projects for Promotion of Hotel Services and Other Businesses Generally in Certain Municipalities.|Section 11-54-148 - No Contribution by Municipality.

Section 11-54-148No contribution by municipality. No municipality shall have the power to pay out of its general funds or otherwise contribute any part of the costs of acquiring a project, and shall not have the power to use land already owned by the municipality, or in which the municipality has an equity, for construction thereon of a project or any part thereof; provided, however, that municipal property which is not needed for public or municipal purposes may be sold for fair market value or leased for fair market rental for a project; such fair market values to be conclusively determined by the governing body of the municipality owning such property. The entire cost of acquiring any project must be paid out of the proceeds from the sale of bonds issued under the authority of this article; provided, however, that this provision shall not be construed to prevent a municipality from accepting donations of property to be used as a part of any project or money to be used for defraying any part of the cost of any project. (Acts 1979, No. 79-722, p. 1277, §9; Acts 1982, No. 82-440, p. 691; Acts 1983, 2nd Ex. Sess., No. 83-198, p. 369, §4.)
AL Code § 11-54-149 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 5 - Acquisition, etc., of Projects for Promotion of Hotel Services and Other Businesses Generally in Certain Municipalities.|Section 11-54-149 - Bonds Made Legal Investments.

Section 11-54-149Bonds made legal investments. Bonds issued under the provisions of this article shall be legal investments for saving banks and insurance companies organized under the laws of the state. (Acts 1979, No. 79-722, p. 1277, §10.)
AL Code § 11-54-150 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 5 - Acquisition, etc., of Projects for Promotion of Hotel Services and Other Businesses Generally in Certain Municipalities.|Section 11-54-150 - Exemption From Taxation.

Section 11-54-150Exemption from taxation. The bonds authorized by this article and the income therefrom, all mortgages executed as security therefor, all lease agreements made pursuant to the provisions hereof, and all projects and the revenue derived from any lease thereof shall be exempt from all taxation in the State of Alabama. (Acts 1979, No. 79-722, p. 1277, §11.)
AL Code § 11-54-151 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 5 - Acquisition, etc., of Projects for Promotion of Hotel Services and Other Businesses Generally in Certain Municipalities.|Section 11-54-151 - Construction of Article.

Section 11-54-151Construction of article. Neither this article nor anything herein contained shall be construed as a restriction or limitation upon any powers which a municipality might otherwise have under any laws of this state, but shall be construed as cumulative; and this article shall not be construed as requiring an election by the voters of a municipality prior to the issuance of bonds hereunder by such municipality. (Acts 1979, No. 79-722, p. 1277, §12.)
AL Code § 11-54-152 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 5 - Acquisition, etc., of Projects for Promotion of Hotel Services and Other Businesses Generally in Certain Municipalities.|Section 11-54-152 - No Notice or Publication Required.

Section 11-54-152No notice or publication required. No notice to or consent or approval by any governmental body or public officer shall be required by a prerequisite to the sale or issuance of any bonds or the making of a mortgage under the authority of this article. (Acts 1979, No. 79-722, p. 1277, §13.)
AL Code § 11-54-153 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 5 - Acquisition, etc., of Projects for Promotion of Hotel Services and Other Businesses Generally in Certain Municipalities.|Section 11-54-153 - Exemption From Requirements of Sections 41-16-50 Through 41-16-63.

Section 11-54-153Exemption from requirements of Sections 41-16-50 through 41-16-63. Any municipality when acting pursuant to the authority of this article, and all contracts entered into incident to any project acquired, constructed, or financed under this article shall be exempt from the provisions and requirements of Sections 41-16-50 through 41-16-63 which provide for competitive bids in connection with certain contracts. (Acts 1983, 2nd Ex. Sess., No. 83-198, p. 369, §3.)
AL Code § 11-54-170 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 6 - Commercial Development Authorities.|Section 11-54-170 - Legislative Intent; Liberal Construction.

Section 11-54-170Legislative intent; liberal construction. It is the intent of the Legislature by the passage of this article to authorize the incorporation in any municipality of commercial development authorities to acquire, own, and lease projects for the purpose of promoting trade and commerce by inducing commercial enterprises to locate new facilities in any municipality and expand existing facilities in any municipality. It is intended that each project be self-liquidating. It is not the intent of the Legislature to authorize any authority itself to operate any commercial enterprise. This article shall be liberally construed in conformity with the intent. (Acts 1980, No. 80-648, p. 1235, §1; Acts 1981, No. 81-729, p. 1251, §2; Acts 1994, No. 94-323, §1.)
AL Code § 11-54-172 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 6 - Commercial Development Authorities.|Section 11-54-172 - Meaning of "Herein," etc.; Construction of Definitions.

Section 11-54-172Meaning of "herein," etc.; construction of definitions. The following provisions shall be applied wherever appropriate herein: (1) "Herein," "hereby," "hereunder," "hereof," and other equivalent words refer to this article as an entirety and not solely to the particular section or portion thereof in which any such word is used. (2) The definitions set forth in Section 11-54-171 shall be deemed to include both singular and plural and to cover all genders. (Acts 1980, No. 80-648, p. 1235, §3.)
AL Code § 11-54-173 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 6 - Commercial Development Authorities.|Section 11-54-173 - Filing of Application; Contents; Authorization or Denial of Incorporation by Governing Body of Authorizing Municipality.

Section 11-54-173Filing of application; contents; authorization or denial of incorporation by governing body of authorizing municipality. (a) A public corporation may be organized pursuant to the provisions of this article in any municipality. In order to incorporate such a public corporation, any number of persons shall first file a written application with the governing body of such municipality, which application shall: (1) Contain a statement that the applicants propose to incorporate an authority pursuant to the provisions of this article. (2) State the proposed location of the principal office of the authority, which shall be within the corporate limits of the municipality with whose governing body such application is filed. (3) Request that the governing body of such municipality adopt a resolution declaring that it is wise, expedient, and necessary that the proposed authority be formed and authorizing the applicants to proceed to form the proposed authority by the filing for record of a certificate of incorporation in accordance with the provisions of Section 11-54-174. (b) Every such application shall be accompanied by such supporting documents or evidence as the applicants may consider appropriate. As promptly as may be practicable after the filing of the application with it in accordance with the provisions of this section, the governing body of the municipality with which the application was filed shall review the contents of the application, and shall adopt a resolution either (i) denying the application or (ii) declaring that it is wise, expedient, and necessary that the proposed authority be formed and authorizing the applicants to proceed to form the proposed authority by the filing for record of a certificate of incorporation in accordance with the provisions of Section 11-54-174. The governing body with which the application is filed shall also cause a copy of the application to be spread upon or otherwise made a part of the minutes of the meeting of such governing body at which final action upon the application is taken. (Acts 1980, No. 80-648, p. 1235, §4; Act 2012-538, p. 1599, §1.)
AL Code § 11-54-176 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 6 - Commercial Development Authorities.|Section 11-54-176 - Board of Directors; Composition; Election; Terms; Vacancies; Qualifications; Expenses; Removal.

Section 11-54-176Board of directors; composition; election; terms; vacancies; qualifications; expenses; removal. Each authority shall be governed by a board of directors. All powers of the authority shall be exercised by the board or pursuant to its authorization. The board shall consist of five directors who shall be elected by the governing body of the authorizing municipality for staggered terms as hereinafter provided. The governing body of the authorizing municipality shall specify for which term each director is elected. The initial terms of office of two such directors shall begin immediately upon their respective elections and shall end at 12:01 o'clock, A.M., on March 15 of the first succeeding odd-numbered calendar year following their election. The initial terms of office of three such directors shall begin immediately upon their respective elections and shall end at 12:01 o'clock, A.M., March 15 of the second succeeding odd-numbered calendar year following their election. Thereafter, the term of office of each such director shall be four years. If at the expiration of any term of office of any director, a successor thereto shall not have been elected, then the director whose term of office shall have expired shall continue to hold office until his successor shall be so elected. If at any time there should be a vacancy on the board, a successor director to serve for the unexpired term applicable to such vacancy shall be elected by the governing body of the authorizing municipality. No officer of the state or of any county or municipality shall, during his tenure as such officer, be eligible to serve as a director. Each director must be a duly qualified elector of the authorizing municipality. Directors shall be eligible for reelection. Each director shall be reimbursed for expenses actually incurred by him in and about the performance of his duties. Any director of the authority may be impeached and removed from office in the same manner and on the same grounds provided in Section 175 of the Constitution of Alabama and the general laws of the state for impeachment and removal of the officers mentioned in Section 175. (Acts 1980, No. 80-648, p. 1235, §7.)
AL Code § 11-54-177 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 6 - Commercial Development Authorities.|Section 11-54-177 - Officers of the Authority.

Section 11-54-177Officers of the authority. The officers of an authority shall consist of a chairman, vice chairman, secretary, treasurer, and such other officers as its board shall deem necessary or appropriate. The offices of secretary and treasurer may, but need not, be held by the same person. The chairman and vice chairman of an authority shall be elected by the board from the membership thereof; the secretary, the treasurer, and any other officers of the authority may, but need not, be members of the board and shall also be elected by the board. The chairman, vice chairman, secretary and treasurer of the authority shall also be the chairman, vice chairman, secretary and treasurer of the board, respectively. (Acts 1980, No. 80-648, p. 1235, §8.)
AL Code § 11-54-180 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 6 - Commercial Development Authorities.|Section 11-54-180 - Proceeds From Sale of Bonds.

Section 11-54-180Proceeds from sale of bonds. All moneys derived from the sale of any bonds issued by an authority shall be used solely for the purpose or purposes for which the same are authorized, including, but without limitation to, the use of bond proceeds to establish reserve funds as security for the payment of the principal of (and premium, if any) and interest on the bonds, and any costs and expenses incidental thereto. Such costs and expenses may include but shall not be limited to the fiscal, engineering, legal and other expenses incurred in connection with the issuance of the bonds, and except in the case of refunding bonds, interest to accrue on such bonds for a period ending not later than two years from their date. (Acts 1980, No. 80-648, p. 1235, §11.)
AL Code § 11-54-181 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 6 - Commercial Development Authorities.|Section 11-54-181 - Refunding Bonds.

Section 11-54-181Refunding bonds. Any bonds issued by an authority may from time to time be refunded by the issuance, by sale or exchange, of refunding bonds payable from the same or different sources for the purpose of paying all or any part of the principal of the bonds to be refunded, any redemption premium required to be paid as a condition to the redemption prior to maturity of any such bonds that are to be so redeemed in connection with such refunding, any accrued and unpaid interest on the bonds to be refunded, any interest to accrue on each bond to be refunded to the date on which it is to be paid, whether at maturity or by redemption prior to maturity, and the expenses incurred in connection with refunding; provided, that unless duly called for redemption pursuant to provisions contained therein, the holders of any such bonds then outstanding and proposed to be refunded shall not be compelled without their consent to surrender their outstanding bonds for such refunding. Any refunding bonds may be sold by the authority at public or private sale at such price or prices as may be determined by its board to be most advantageous, or may be exchanged for the bonds or other obligations to be refunded. Any such refunding bonds may be executed and delivered by the authority at any time and from time to time, shall be in such form and denominations and have such tenor and maturities, shall contain such provisions not inconsistent with the provisions of this article, and shall bear such rate or rates of interest, payable and evidenced in such manner, as may be provided by resolution of its board. Any refunding bonds issued by an authority shall be issued and may be secured in accordance with the provisions of Section 11-54-179. (Acts 1980, No. 80-648, p. 1235, §12.)
AL Code § 11-54-182 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 6 - Commercial Development Authorities.|Section 11-54-182 - Notice of Bond Resolution; Limitation on Proceedings Questioning or Attacking Bonds.

Section 11-54-182Notice of bond resolution; limitation on proceedings questioning or attacking bonds. Upon the adoption by the board of any authority of any resolution providing for the issuance of bonds, such authority may, in its discretion, cause to be published once a week for two consecutive weeks, in a newspaper published or having a general circulation in the authorizing municipality, 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 chairman or secretary of such authority:   "___________, a public corporation under the laws of the State of Alabama, on the _____day of _____, authorized the issuance of $_____ principal amount of bonds of the said public corporation for purposes authorized in the act of the Legislature of Alabama under which the said public corporation was organized. Any action or proceeding questioning the validity of the said bonds, or the pledge and the mortgage and deed of trust or trust indenture to secure the same, or the proceedings authorizing the same, must be commenced within 30 days after the first publication of this notice."  A newspaper shall be deemed to be published in the authorizing municipality, within the meaning of this section, if its principal editorial office is located in the authorizing municipality. Any action or proceeding in any court to set aside or question the proceedings for the issuance of the bonds referred to in said notice or to contest the validity of any such bonds, or the validity of any pledge and mortgage and deed of trust or trust indenture made therefor, must be commenced within 30 days after the first publication of such notice. After the expiration of the said period no right of action or defense questioning or attacking the validity of the said proceedings or of the said bonds or the said pledge or mortgage and deed of trust or trust indenture shall be asserted, nor shall the validity of the said proceedings, bonds, pledge, mortgage, and deed of trust or trust indenture be open to question in any court on any ground whatsoever except in an action commenced within such period. (Acts 1980, No. 80-648, p. 1235, §13.)
AL Code § 11-54-183 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 6 - Commercial Development Authorities.|Section 11-54-183 - Exemption From Certain Taxes and Fees.

Section 11-54-183Exemption from certain taxes and fees. The income of any authority, all bonds issued by an authority and the interest paid on any such bonds, all conveyances by or to an authority, and all leases, mortgages, and deeds of trust by or to an authority shall be exempt from all taxation in the State of Alabama. Any 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 an authority may engage. An authority shall not be obligated to pay or allow any fees, taxes, or costs to the judge of probate of any county in respect of its incorporation, the amendment of its certificate of incorporation, or the recording of any document. Nothing contained in this section shall be construed to exempt the property of an authority from any ad valorem taxes imposed by the state or any county, municipality, or other political subdivision, or to exempt an authority from any privilege or license taxes levied by the state or any county, municipality or other political subdivision with respect to tangible personal property purchased or used by an authority. (Acts 1980, No. 80-648, p. 1235, §14.)
AL Code § 11-54-184 (2021)
2021 Code of Alabama|Title 11 - Counties and Municipal Corporations.|Title 2 - Provisions Applicable to Municipal Corporations Only.|Chapter 54 - Promotion of Industry, Trade, Commerce and Pollution Control.|Article 6 - Commercial Development Authorities.|Section 11-54-184 - Nonliability of Authorizing Municipality.

Section 11-54-184Nonliability of authorizing municipality. The authorizing municipality shall not in any event be liable for the payment of the principal of or interest on any bonds of an authority or for the performance of any pledge, mortgage, obligation, or agreement of any kind whatsoever which may be undertaken by an authority, and none of the bonds of an authority or any of its agreements or obligations shall be construed to constitute an indebtedness of the authorizing municipality within the meaning of any constitutional or statutory provision whatsoever. (Acts 1980, No. 80-648, p. 1235, §15.)