53 chapters · 1,875 sections in this title.
Ala. Code § 40-9H-1 Short Title
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This chapter shall be known and may be cited as the Alabama Rural, Agribusiness, and Opportunity Zone Jobs Act. (Act 2021-492, §1.)
Ala. Code § 40-9H-2 Definitions
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As used in this chapter, the following words shall have the following meanings: (1) AFFILIATE. An entity that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with another entity. For the purposes of this subdivisi…
Ala. Code § 40-9H-3 Deposit of Ssbci Funding; Applications for Certification
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(a) Upon receipt of an allocation of funds pursuant to Subtitle C of Title III of the American Rescue Plan Act of 2021, the department shall cause the SSBCI funding to be deposited in the SSBCI fund. (b) Within 30 days of the approval of the state’s application for federal funds …
Ala. Code § 40-9H-4 Ssbci Loan Agreement; Growth Investments
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(a) Within 30 days of certification of a growth fund, the department shall enter into the SSBCI loan agreement with the growth fund and segregate for draws by the growth fund in the SSBCI fund an amount of SSBCI funding equal to the SSBCI loan awarded to such growth fund. (b) A g…