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Court OpinionsState LawsAlabama US Code1 USC - General Provisions US Constitution |
Arizona Revised Statutes - Title 35 Public Finances - Chapter 5 Industrial Development FinancingIn this chapter, unless the context otherwise requires: 1. "Corporation" means any corporation organized as an authority as provided in this chapter. 2. "Designated area"... A. Whenever any number of natural persons, not less than three, each of whom is a qualified elector of the municipality or the county or,... In addition to the requirements of title 10, the articles of incorporation shall set forth: 1. The names and residences of the applicants, together with... The articles of incorporation may at any time and from time to time be amended to make any changes therein and add any provisions thereto... The authority shall have a board of directors in which all powers of the authority shall be vested and which shall consist of any number... A. In addition to the powers granted to an industrial development authority by law, the authority shall have the following powers, together with all powers... Notwithstanding the provisions of any other law, a corporation may prohibit the assumption of any single family mortgage loan purchased by it in accordance with... 35-708. Financing certain owner-occupied single family dwellings; exception A. For purposes of section 35-701, paragraph 7, in areas other than a slum or blighted area,... A. All principal and interest of bonds issued by the corporation shall be payable solely out of the revenues, proceeds and receipts derived from the... The governor, the attorney general, or the state treasurer if designated by the governor, may approve the issuance of any bonds issued by a corporation... This chapter shall not be construed to authorize the incurrence of a debt by this state within the meaning of any constitutional provision or to... The principal of and interest on any bonds issued by the corporation shall be secured by a pledge of the revenues, proceeds and receipts or... Bonds issued under the provisions of this chapter shall be legal investments for all banks, trust companies and insurance companies organized and operating under the... A. Bonds shall not be issued by a corporation for the purpose of financing single family dwelling units pursuant to section 35-706, subsection A, paragraph... 35-728. Additional powers; allocating low-income housing tax credits; report; definition A. In addition to the other powers granted to the department, the department may: l.... For purposes of this article and chapter 7 of this title, the following are exempt from title 41, chapter 23 or other restrictions on the... The corporation and its income and all bonds issued by it and the income therefrom shall be exempt from all taxation in this state, except... The municipality or the county shall not in any event be liable for the payment of the principal of or interest on any bonds of... Notwithstanding any other provision of law, the municipality or county in which an industrial development authority corporation has been organized may expend public monies to... A. The corporation shall be a nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall inure to the... Whenever the board of directors of the corporation, by resolution, determines that the purposes for which the corporation was formed have been substantially complied with... The articles of incorporation of the corporation and the certificate of dissolution of the corporation shall be filed for record with the corporation commission. Neither this chapter nor anything herein contained shall be construed as a restriction or limitation upon any powers which the corporation otherwise might have under... For the purposes of carrying out the intent and provisions of this chapter, the governing body of a municipality or county may enter into cooperative... Last modified: February 20, 2012 |
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