Title 16 — Title 16
0 chapters · 2,179 sections in this title.
Ala. Code § 16-16A-1 Legislative Findings
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Military installations are a major source of economic stability for Alabama and, particularly, Madison County and North Alabama and are important to our Nation’s defense. The United States Department of Defense was legislatively directed to reorganize its military installation in…
Ala. Code § 16-16A-2 Definitions
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As used in this chapter, the following words and phrases shall have the following meanings: (1) AUTHORITY. The Public School and College Authority. (2) BASELINE DATE. January 1, 2006. (3) 2005 BRAC. a. Closure actions according to the 2005 Base Closure and Realignment Commission …
Ala. Code § 16-16A-3 Distribution Calculation
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For purposes of this chapter, the BRAC Distribution provided by the Authority shall be the difference calculated by subtracting the number of jobs in the BRAC Impacted District on the Baseline Date from the number of jobs in the BRAC Impacted Area on the Determination Date for an…
Ala. Code § 16-16A-4 Distribution Considerations
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The Authority shall distribute the BRAC Distribution to a local school district based upon the percentage of BRAC Impacted Area employees living in a city or county served by that school district, in accordance with the following: (1) Prior to the distribution of any bond proceed…
Ala. Code § 16-16A-5 Calculation; Criteria and Procedures
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The City of Huntsville Federal Building Authority is hereby authorized to calculate the amount of BRAC Distribution that is due to each county or city school system and the Public School and College Authority shall specify criteria and procedures for the application, approval, an…
Ala. Code § 16-16A-6 Requirements for Authorization of Bonds
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The Authority shall not authorize any bonds unless and until employers located in the BRAC Impacted Area provide a certification and possess proof of the number of employees in the BRAC Impacted Area directly existing because of the 2005 BRAC or Subsequent BRAC Actions, or as a r…
Ala. Code § 16-16A-7 Additional Findings; Bonds Authorized; Procedures
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(a) The Legislature finds that the number of students attending the several school systems located in those areas of North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions will collectively increase by an estimated 9,000 students. As a result, t…
Ala. Code § 16-16A-8 Counties Authorized to Participate
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In addition to the counties participating under Section 16-16A-7, Jackson County and Marshall County may also participate in the funding benefits of this chapter. History: (Act 2010-551, p. 980, §8; Act 2012-562, p. 1662, §1.)
Ala. Code § 16-16A-9 Disposition of Funds
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(a) The proceeds derived from each sale of the Bonds issued pursuant to this chapter shall be deposited in the State Treasury and shall be carried in a separate fund therein for the account of the Authority, which shall pay the expenses of issuance therefrom. The expenses of issu…