2006 Alabama Code - Chapter 10 — AUTHORITIES.

Article 1 General Provisions.

• Section 41-10-1 — Alabama Building Authority.
• Section 41-10-2 — Alabama Building Finance Authority.
• Section 41-10-3 — Alabama Building Corporation.

Article 2 Industrial Development Authority.

• Section 41-10-20 — Definitions.
• Section 41-10-21 — Legislative findings of fact and declaration of intent; construction of article.
• Section 41-10-22 — Authorization and procedure for incorporation generally.
• Section 41-10-23 — Filing of application for incorporation with Secretary of State; contents and execution thereof; filing and recordation of application by Secretary of State.
• Section 41-10-24 — Issuance and recordation of certificate of incorporation by Secretary of State; Secretary of State to receive no fees in connection with incorporation, dissolution, etc., of authority.
• Section 41-10-25 — Members, officers and directors of association; reduction to writing, recordation and filing of proceedings of board of directors; admissibility in evidence of proceedings of board.
• Section 41-10-26 — Powers of authority generally.
• Section 41-10-26.1 — Exercise of powers granted to airport authorities.
• Section 41-10-27 — Issuance and sale of bonds for purpose of making grants for certain purposes authorized; terms and conditions of grants.
• Section 41-10-27.1 — State preparation grant money for raw or completely undeveloped sites.
• Section 41-10-28 — Execution of bonds and interest coupons; form, terms, denominations, etc., of bonds; sale; refunding bonds; liability upon bonds; pledges of certain funds as security for payment of principal and interest on bonds generally; bonds to be deemed negotiable instruments; bonds and income therefrom exempt from taxation; use of bonds as security for deposits of funds of state, etc.; investment of certain state funds and private trust funds in bonds; public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of bonds.
• Section 41-10-29 — Disposition of proceeds from sale of bonds and refunding bonds.
• Section 41-10-30 — Pledge and appropriation of certain tax receipts for sinking fund for payment of principal and interest on bonds.
• Section 41-10-31 — Payment of principal and interest on bonds and maintenance of records pertaining thereto by State Treasurer.
• Section 41-10-32 — Dissolution of authority; title to property of authority to vest in state upon dissolution of authority.
• Section 41-10-35 — Legislative findings and intent.
• Section 41-10-36 — Definitions.
• Section 41-10-37 — Allocation procedure.
• Section 41-10-38 — Allocation formulae.
• Section 41-10-39 — Carryforward allocation procedure.
• Section 41-10-40 — Duty of fairness and impartiality in granting allocations.
• Section 41-10-41 — Forms, regulations, and interpretations; employment of attorneys, agents, etc.
• Section 41-10-42 — Designation of official for certifications.
• Section 41-10-43 — Confirmation of prior allocations.

Article 2A Additional Powers of State Industrial Development Authority.

• Section 41-10-44.1 — Legislative intent with respect to additional powers of the authority.
• Section 41-10-44.2 — Additional definitions.
• Section 41-10-44.3 — Additional powers of authority.
• Section 41-10-44.4 — Determination of approved companies.
• Section 41-10-44.5 — Legislative oversight of the authority.
• Section 41-10-44.6 — Project obligations generally.
• Section 41-10-44.7 — Proceeds from the sale of project obligations; revenues and other funds.
• Section 41-10-44.8 — Tax credits, job development fees and other incentives.
• Section 41-10-44.9 — Establishment of tax increment funds.
• Section 41-10-44.10 — Refunding obligations.
• Section 41-10-44.11 — Publication of notice; time limitation on actions questioning bonds or proceedings.
• Section 41-10-44.12 — Requirement to report to the Legislature.
• Section 41-10-44.13 — Exemption from certain taxes and fees.
• Section 41-10-44.14 — No notice, approval, public hearing required for issuance of obligations.
• Section 41-10-44.15 — Earnings of the authority.

Article 3 Southern Products Mart Authority.

• Section 41-10-50 — Short title.
• Section 41-10-51 — Definitions.
• Section 41-10-52 — Purpose of article; construction of article.
• Section 41-10-53 — Authority and procedure for incorporation of authority; members, officers and directors of authority; reduction to writing, recordation and admissibility in evidence of proceedings of board of directors.
• Section 41-10-54 — Powers of authority generally; acquisition by eminent domain of real property or rights owned by railroads or utilities not authorized.
• Section 41-10-55 — Issuance and sale of bonds authorized generally; form, terms, denominations, etc., thereof; bonds to be deemed negotiable instruments; redemption.
• Section 41-10-56 — Resolution authorizing issuance of bonds to contain recital as to authority for issuance; notice of passage of resolution; limitation period and venue for actions to contest validity of resolutions, bonds, etc.
• Section 41-10-57 — Execution and delivery of bonds and interest coupons.
• Section 41-10-58 — Sale of bonds; public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of bonds.
• Section 41-10-59 — Refunding bonds.
• Section 41-10-60 — Disposition of proceeds from sale of bonds and refunding bonds.
• Section 41-10-61 — Exemption from taxation of bonds, properties, income, etc., of authority; use of bonds as security for deposits of state funds; investment of trust funds in bonds.
• Section 41-10-62 — Liability upon bonds, debts, agreements, etc., of authority.
• Section 41-10-63 — Authority and procedure for pledge of revenues of authority and creation of statutory lien upon facilities and properties thereof for payment of principal and interest on bonds; remedies upon default in payment of principal or interest on bonds.
• Section 41-10-64 — Special and continuing trust fund for payment of principal and interest on bonds of authority and maintenance, etc., of facilities thereof.
• Section 41-10-65 — Payment of principal and interest on bonds and maintenance of records pertaining thereto by State Treasurer.
• Section 41-10-66 — Annual audit of books and accounts of authority; disposition of reports thereof.
• Section 41-10-67 — Awarding, etc., of contracts for construction of facilities, buildings and structures; supervision, etc., of construction; payments to contractors; agreement of authority and Building Commission as to construction cost estimate.
• Section 41-10-68 — Leasing of buildings, facilities and structures.
• Section 41-10-69 — Conveyance of lands, buildings, properties, etc., of authority to state upon payment in full of bonds, etc.; dissolution of authority.

Article 4 State Products Mart and Coliseum Authorities.

• Section 41-10-80 — Short title.
• Section 41-10-81 — Definitions.
• Section 41-10-82 — Purpose of article; construction of article generally.
• Section 41-10-83 — Application for authority to incorporate; adoption by governing body of resolution authorizing formation of corporation.
• Section 41-10-84 — Contents of certificate of incorporation generally; adoption of resolution by governing body approving form and contents of certificate of incorporation.
• Section 41-10-85 — Execution of certificate of incorporation; filing of certificate of incorporation, resolution of governing body, etc., with probate judge and recordation thereof by probate judge.
• Section 41-10-86 — Amendment of certificate of incorporation.
• Section 41-10-87 — Board of directors of corporation — Composition; qualifications, reelection, etc., of members; vacancies; quorum; compensation and expenses of members; reduction to writing, recordation and admissibility in evidence of proceedings of board.
• Section 41-10-88 — Board of directors of corporation — Election and terms of office of members generally.
• Section 41-10-89 — Board of directors of corporation — Appointment of additional members to board by Governor; terms of office, etc., of additional members.
• Section 41-10-90 — Officers of corporation.
• Section 41-10-91 — Powers of corporation — Generally.
• Section 41-10-92 — Powers of corporation — Eminent domain.
• Section 41-10-93 — Authority for issuance of bonds by corporation; liability upon bonds; form, terms, denominations, etc.; redemption; sale; payment of expenses in connection with authorization, sale and issuance; bonds to contain recital as to authority for issuance; bonds to be deemed negotiable instruments.
• Section 41-10-94 — Notice of resolution authorizing issuance of bonds; limitation period for actions contesting validity of bonds, etc.
• Section 41-10-95 — Execution and delivery of bonds and interest coupons.
• Section 41-10-96 — Security for payment of principal and interest on bonds.
• Section 41-10-97 — Disposition of proceeds from sale of bonds generally.
• Section 41-10-98 — Proceeds of bonds not to be used for payment of fees, commissions, etc., for services in sale, issuance, execution, etc., of bonds; maximum amount payable to attorneys for services rendered.
• Section 41-10-99 — Refunding bonds.
• Section 41-10-100 — Investment of surplus, etc., county funds in bonds of corporation.
• Section 41-10-101 — Investment in bonds of corporation by savings banks, insurance companies, trustees, etc.
• Section 41-10-102 — Remedies upon default on bonds, etc.
• Section 41-10-103 — Leasing of projects.
• Section 41-10-104 — Conduct of sporting events, exhibits, etc., in projects.
• Section 41-10-105 — Conveyances of property to corporation by municipality, county or state authorized.
• Section 41-10-106 — Appropriations to corporation by municipality or county authorized; limitations.
• Section 41-10-107 — Exemption from taxation of bonds, income, projects, etc., of corporation.
• Section 41-10-108 — Dissolution of corporation and vesting of title to properties thereof upon dissolution; vesting of title to projects upon payment in full of bonds pertaining thereto; formation of corporation not to prevent subsequent formation of other corporations by same county.
• Section 41-10-109 — Construction of article.

Article 5 Historical Preservation Authorities.

• Section 41-10-135 — Short title.
• Section 41-10-136 — Definitions.
• Section 41-10-137 — Purposes for which authorities may be formed.
• Section 41-10-138 — Application for authority to incorporate; contents; review of application and issuance of executive order by Governor.
• Section 41-10-139 — Filing certificate of incorporation with Secretary of State; contents, execution, recordation, etc.
• Section 41-10-140 — Board of directors; appointment, terms, vacancies, reappointment, expenses, removal, etc.
• Section 41-10-141 — Powers and duties of authority generally.
• Section 41-10-142 — Bonds — Issuance; form, terms, denominations, etc.; sale; refunding bonds; negotiable; security for payment.
• Section 41-10-143 — Bonds — Contracts to secure payment of principal and interest.
• Section 41-10-144 — Bonds — Statutory mortgage lien to secure payment of principal and interest; recording notice.
• Section 41-10-145 — Bonds - Use of proceeds from sale.
• Section 41-10-146 — Loans, sales, grants, etc., of money, property, etc., to authority by counties, municipalities, etc.
• Section 41-10-147 — Exemption from taxation, fees and costs.
• Section 41-10-148 — Reports by authority to Governor.
• Section 41-10-149 — Construction of article generally; certain provisions exclusive.
• Section 41-10-150 — Dissolution of authority; title to property vests in state.
• Section 41-10-151 — Authority organized under former law valid; reincorporation under this article.
• Section 41-10-152 — Historical preservation authorities - To be nonprofit corporations; distribution of net earnings.
• Section 41-10-153 — Historical preservation authorities - Exempt from usury or other interest limiting laws.
• Section 41-10-154 — Application of Sections 41-10-152 through 41-10-154; provisions not retrospectively validating.

Article 6 Historic Blakeley Authority.

• Section 41-10-170 — Creation and purposes.
• Section 41-10-171 — Composition; appointment, terms, vacancies, etc.
• Section 41-10-172 — Pay, emoluments, and expenses of members of the authority.
• Section 41-10-173 — Charging, receiving, or obtaining of fees, etc., from the authority by members, employees, etc.; interests held by members, employees, etc., in land, materials, or contracts sold to, made with, etc., the authority.
• Section 41-10-174 — Meetings; quorum; organization and procedure of the authority; official seal; election and terms of office of chairman, vice-chairman, secretary and treasurer; bonding requirements for treasurer.
• Section 41-10-175 — Powers and duties of authority generally.
• Section 41-10-176 — Power to take possession under lease, etc., of property within the Blakeley national register site; power to lease, purchase, etc., any property in order to fulfill the purposes of the authority, power to borrow money, issue revenue bonds, and pledge security.
• Section 41-10-177 — Duty to facilitate exhibition of park and historic site to the public; admission charges; agreements with other groups or organizations relative to management of the park and historic site; authority to accept gratuitous services.
• Section 41-10-178 — Appropriation of public funds and construction and maintenance of roads and other public facilities, etc., for the authority by counties and municipalities.
• Section 41-10-179 — Taxation of income, property, leases, bonds, etc., of the authority.
• Section 41-10-180 — Participation of employees of the authority in insurance programs provided for state employees; payment of contributions for such insurance.
• Section 41-10-181 — Authority as state agency; control over Blakeley site, historic park, etc.; promulgation, alteration, etc., of rules and regulations concerning preservation, etc., of Blakeley historic site; penalty for violation of rules or regulations; police powers of authority members; designation of deputy police officers.
• Section 41-10-182 — Reaffirmation of charter of Town of Blakeley; recognition as municipality; boundaries; persons recognized as citizens for purposes of electing town officials and conducting town business; authority as governing body of Town of Blakeley.

Article 7 Alabama Shakespeare Festival Theatre Finance Authority.

• Section 41-10-200 — Declaration of purpose and legislative findings.
• Section 41-10-201 — Definitions.
• Section 41-10-202 — Incorporation of authority; procedure.
• Section 41-10-203 — Board of directors; members; terms; vacancies; qualifications; expenses; quorum; impeachment; copies of proceedings as evidence.
• Section 41-10-204 — Officers.
• Section 41-10-205 — Powers of authority; open meetings required.
• Section 41-10-206 — Bonds.
• Section 41-10-207 — Proceeds from sale of bonds.
• Section 41-10-208 — Refunding bonds.
• Section 41-10-209 — Exemption from taxation.
• Section 41-10-210 — Exemption from usury and interest laws.
• Section 41-10-211 — Freedom of authority from state supervision and control; inapplicability of code of ethics.
• Section 41-10-212 — Exemption from competitive bid laws.
• Section 41-10-213 — Dissolution of authority and vesting of title to its property.
• Section 41-10-214 — Article cumulative.
• Section 41-10-215 — Liberal construction of article.

Article 8 Africatown, U.S.A. State Park and Historic Preservation Authority.

• Section 41-10-230 — Short title.
• Section 41-10-231 — "Authority" defined.
• Section 41-10-232 — Africatown, U.S.A. State Park to be included in listings of state parks; use of park.
• Section 41-10-233 — Africatown, U.S.A. State Park established; description of boundaries.
• Section 41-10-234 — Agreements with City of Prichard as to development, administration, etc., of park.
• Section 41-10-235 — Commemorative markers and plaques.
• Section 41-10-236 — State advisory committee to Africatown, U.S.A. State Park.
• Section 41-10-237 — Functions of Institute of Ethnic Science and Technology as to black heritage resources and programs.
• Section 41-10-238 — Establishment of Africatown, U.S.A. Historic Preservation Authority; duties.
• Section 41-10-239 — Property rights not to be affected by article; sections imposing licensing requirements, taxes, etc., are void if such requirements not otherwise imposed.
• Section 41-10-240 — Injunction to protect property interests under Section 41-10-239.

Article 9 Alabama Judicial Building Authority.

• Section 41-10-260 — Definitions.
• Section 41-10-261 — Legislative intent; liberal construction.
• Section 41-10-262 — Authority to incorporate.
• Section 41-10-263 — Procedure for incorporation.
• Section 41-10-264 — Certificate of incorporation; no fees for incorporation or dissolution.
• Section 41-10-265 — Members, directors and officers of authority; quorum; vacancies; no additional salary for service to authority; effect of resolutions; record of proceedings; establishment of legislative oversight committee.
• Section 41-10-266 — Meetings of board of directors.
• Section 41-10-267 — Powers of authority.
• Section 41-10-268 — Authorization, issuance and sale of bonds.
• Section 41-10-269 — Execution of bonds.
• Section 41-10-270 — Use of proceeds from sale of bonds.
• Section 41-10-271 — Acquisition, construction, etc., of judicial facilities; award of contract; payments under contract; Building Commission expenses; revision of plans.
• Section 41-10-272 — Creation of fund for payment of bonds.
• Section 41-10-273 — Security for bonds; collection and application of revenues pledged to payment of bonds; terms of leases of judicial facilities; maintenance and insurance of judicial facilities; reserve and other funds; rights of holders of bonds upon default.
• Section 41-10-274 — State Treasurer to disburse funds for payment of bonds.
• Section 41-10-275 — Terms and conditions of leasing by authority.
• Section 41-10-276 — Investment of proceeds from sale of bonds; disposition of investment income.
• Section 41-10-277 — Refunding bonds.
• Section 41-10-278 — Presumption of validity of bonds and publication of notice thereof; civil action challenging validity.
• Section 41-10-279 — Exemption from taxation.
• Section 41-10-280 — Bonds constitute negotiable instruments; registration of transfers.
• Section 41-10-281 — Obligations not debt of state.
• Section 41-10-282 — Bonds are lawful security for state deposits; investment of state, retirement, and other fiduciary funds in bonds of authority.
• Section 41-10-283 — Earnings of authority.
• Section 41-10-284 — Dissolution of authority.

Article 10 Alabama Space Science Exhibit Finance Authority.

• Section 41-10-300 — Definitions.
• Section 41-10-301 — Purpose of article and construction.
• Section 41-10-302 — Incorporation of authority.
• Section 41-10-303 — Certificate of incorporation - Application.
• Section 41-10-304 — Certificate of incorporation - Issuance.
• Section 41-10-305 — Members; officers; directors; quorum; vacancies; salaries and expenses; liability.
• Section 41-10-306 — Resolutions and proceedings of board of directors.
• Section 41-10-307 — Powers of authority.
• Section 41-10-308 — Temporary loans in anticipation of issuance of bonds.
• Section 41-10-309 — Execution of bonds and notes.
• Section 41-10-310 — Authority to issue bonds.
• Section 41-10-311 — Authority to issue refunding bonds.
• Section 41-10-312 — Specifications and priority of bonds.
• Section 41-10-313 — Price of bonds; competitive bidding; notice of sale; expenses of sale.
• Section 41-10-314 — Investment of trust funds in bonds of authority.
• Section 41-10-315 — Security for deposit of governmental funds.
• Section 41-10-316 — Disposition of proceeds of bonds.
• Section 41-10-317 — Investment of proceeds.
• Section 41-10-318 — Security for bonds.
• Section 41-10-319 — Rights of holders of bonds upon default.
• Section 41-10-320 — Bonds and coupons deemed negotiable instruments.
• Section 41-10-321 — Obligations, bonds and notes not debts of state.
• Section 41-10-322 — Conveyance of property by commission; right to possession.
• Section 41-10-323 — Plans for construction of facilities.
• Section 41-10-324 — Leasing to commission and other agencies.
• Section 41-10-325 — Lease of vacant facilities to prevent default on bonds.
• Section 41-10-326 — Special funds for payment of bonds, insurance, and other expenses.
• Section 41-10-327 — Exemption from taxation.
• Section 41-10-328 — Venue for actions.
• Section 41-10-329 — No fees for incorporation or dissolution.
• Section 41-10-330 — Dissolution.
• Section 41-10-331 — Exemption of leases of facilities from competitive bid laws.
• Section 41-10-332 — Exemption from Sunset Law.

Article 11 Alabama Mental Health Finance Authority.

• Section 41-10-350 — Legislative findings and purpose.
• Section 41-10-351 — Definitions.
• Section 41-10-352 — Authority for incorporation of Alabama Mental Health Finance Authority; members.
• Section 41-10-353 — Application for authority to incorporate.
• Section 41-10-354 — Certificate of incorporation; no fee or compensation to Secretary of State.
• Section 41-10-355 — Members of authority; officers; payment of bonds of authority; quorum; vacancies; compensation; record of proceedings and use thereof as evidence; meetings.
• Section 41-10-356 — Powers of authority.
• Section 41-10-357 — Authorization to issue bonds; limitation on use of proceeds.
• Section 41-10-358 — Form, terms, denominations, etc., of bonds; limitation on maturity date, redemption.
• Section 41-10-359 — Execution and delivery of bonds; designation of bonds for community facilities.
• Section 41-10-360 — Sale of bonds at public auction; rejection of bids; notice of sale; terms and conditions of sale; expenses, fees, etc.; recital that bonds issued pursuant to article.
• Section 41-10-361 — Liability upon bonds of authority; authorization of authority to pledge for payment of principal and interest of bonds; bonds deemed negotiable instruments.
• Section 41-10-362 — Exemption from taxation of bonds and income of authority; use of bonds as security for deposits of state funds; investment of trust funds in bonds.
• Section 41-10-363 — Refunding bonds; proceeds of sale of refunding bonds.
• Section 41-10-364 — Proceeds of bonds, other than refunding bonds; special fund to pay costs of acquisition, construction, etc., of mental health facilities; such work supervised by Building Commission; such work subject to competitive bidding; disposition of moneys remaining.
• Section 41-10-365 — Sinking fund for payment of principal and interest on bonds of authority.
• Section 41-10-366 — Contracts, etc., do not create obligations of state.
• Section 41-10-367 — Investment of surplus proceeds from sale of bonds; disbursement of income derived from such investments.
• Section 41-10-368 — Authority is nonprofit corporation.
• Section 41-10-369 — Dissolution of authority; disposition of property upon dissolution of authority.
• Section 41-10-370 — Payment of principal and interest on bonds and maintenance of records pertaining thereto by State Treasurer.
• Section 41-10-371 — Power of authority to pay and make agreements with the United States to exempt interest of bonds from federal income tax.

Article 12 Alabama Supercomputer Authority.

• Section 41-10-390 — Short title.
• Section 41-10-391 — Legislative findings of fact and declaration of intent; construction of article.
• Section 41-10-392 — Authorization and procedure for incorporation generally.
• Section 41-10-393 — Filing of application for incorporation with Secretary of State; contents and execution thereof; filing and recordation of application by Secretary of State.
• Section 41-10-394 — Issuance and recordation of certificate of incorporation by Secretary of State; Secretary of State to receive no fees in connection with incorporation, dissolution, etc., of authority.
• Section 41-10-395 — Officers and directors of authority; reduction to writing, recordation and filing of proceedings of board of directors; admissibility in evidence of proceedings of board.
• Section 41-10-396 — Powers of authority generally.
• Section 41-10-397 — Employment of a chief executive officer and staff.
• Section 41-10-398 — Authority to have no proprietary interest in intellectual property.
• Section 41-10-399 — Confidentiality of data; inapplicability of public record laws; use of data by authority; requirements for contractual agreements for supercomputer services.
• Section 41-10-400 — Establishment of the "Supercomputer System Fund."
• Section 41-10-401 — Exemption from taxation of properties, income, etc., of authority.
• Section 41-10-402 — Liability upon contracts, obligations, etc., of authority.
• Section 41-10-403 — Operation of authority as nonprofit corporation.
• Section 41-10-404 — Transfer of certain assets to authority.
• Section 41-10-405 — Duplication of services to be avoided.
• Section 41-10-406 — Dissolution of authority; title to property of authority to rest in state upon dissolution of authority.

Article 13 Real Estate Commission Building Authority.

• Section 41-10-420 — Legislative intent.
• Section 41-10-421 — Real Estate Commission Building Authority established; composition; powers.
• Section 41-10-422 — Commission to become public corporation.
• Section 41-10-423 — Certificate of incorporation.
• Section 41-10-424 — Board of directors.
• Section 41-10-425 — Powers of the authority.
• Section 41-10-426 — Notes of the authority.
• Section 41-10-427 — Authority authorized to sell, rent, etc., set charges or rents or make rent adjustments necessary to meet obligations.
• Section 41-10-428 — Resolutions adopted and all proceedings of board of directors to be recorded and filed; copies received in all courts as prima facie evidence.
• Section 41-10-429 — Properties, etc., forever exempt from any and all taxation.
• Section 41-10-430 — Contracts and obligations not debts of state.
• Section 41-10-431 — Authority as nonprofit corporation.
• Section 41-10-432 — Funds appropriated for Alabama Real Estate Commission Building Authority Fund; state to have no further obligations or rights after property, contracts, etc., assigned, transferred or conveyed.
• Section 41-10-433 — Dissolution of authority.

Article 14 Alabama Building Renovation Finance Authority.

• Section 41-10-450 — Legislative intent.
• Section 41-10-451 — Definitions.
• Section 41-10-452 — Power to incorporate.
• Section 41-10-453 — Provisions for incorporation.
• Section 41-10-454 — Consummation of incorporation.
• Section 41-10-455 — Members, directors and officers of authority.
• Section 41-10-456 — Powers of authority.
• Section 41-10-457 — Power of condemnation.
• Section 41-10-458 — Authorization of bonds.
• Section 41-10-458.1 — Definitions; additional authorization.
• Section 41-10-459 — Refunding bonds.
• Section 41-10-460 — Execution of bonds.
• Section 41-10-461 — Sale of bonds.
• Section 41-10-462 — Bonds of authority.
• Section 41-10-463 — Investment of proceeds from sale of bonds.
• Section 41-10-464 — Exemption from taxation.
• Section 41-10-465 — Bonds constitute negotiable instruments.
• Section 41-10-466 — Obligations not debt of state.
• Section 41-10-467 — Bonds may be used to secure deposit and for investment of fiduciary funds.
• Section 41-10-468 — Use of proceeds from sale of bonds.
• Section 41-10-469 — Use of proceeds of refunding bonds.
• Section 41-10-470 — Conveyance to authority by state.
• Section 41-10-471 — Creation of fund for benefit of bonds.
• Section 41-10-472 — Pledge and lien for benefit of bonds.
• Section 41-10-473 — State Treasurer to disburse funds.
• Section 41-10-474 — Terms and conditions of leasing by authority; delinquent lease payments.
• Section 41-10-475 — Presumption of validity of bonds and publication of notice thereof.
• Section 41-10-476 — Power to make payments and to make agreements respecting investment of funds.
• Section 41-10-477 — Dissolution of authority.

Article 15 Alabama State Parking Deck Authority.

• Section 41-10-490 — Definitions.
• Section 41-10-491 — Purpose of article and construction.
• Section 41-10-492 — Authority as public corporation.
• Section 41-10-493 — Application for certificate of incorporation.
• Section 41-10-494 — Certificate of incorporation.
• Section 41-10-495 — Members; directors; quorum; vacancies; salaries; officers.
• Section 41-10-496 — Resolutions and proceedings of board of directors.
• Section 41-10-497 — Powers generally.
• Section 41-10-498 — Temporary loans in anticipation of issuance of bonds.
• Section 41-10-499 — Execution of bonds and notes.
• Section 41-10-500 — Bonds authorization.
• Section 41-10-501 — Sale and issuance of refunding bonds.
• Section 41-10-502 — Specifications and priority of bonds.
• Section 41-10-503 — Sale of bonds.
• Section 41-10-504 — Bonds of authority eligible for investment of trust funds.
• Section 41-10-505 — Security for deposit of governmental funds.
• Section 41-10-506 — Disposition of proceeds of bonds.
• Section 41-10-507 — Investment of proceeds.
• Section 41-10-508 — Security.
• Section 41-10-509 — Enforcement upon default.
• Section 41-10-510 — Bonds and coupons deemed negotiable instruments.
• Section 41-10-511 — Obligations, bonds and notes not debt of state.
• Section 41-10-512 — Conveyance of land to corporation; conveyance of improvements back to state.
• Section 41-10-513 — Facilities — Construction.
• Section 41-10-514 — Leasing to state agencies.
• Section 41-10-515 — Leasing to county, municipal corporation, agency of federal government, etc.
• Section 41-10-516 — Special funds.
• Section 41-10-517 — Exemption from taxation.
• Section 41-10-518 — Venue for actions.
• Section 41-10-519 — Fees of Secretary of State.
• Section 41-10-520 — Interest on bonds exempt from federal income tax.
• Section 41-10-521 — Dissolution.
• Section 41-10-522 — Exemption of leases of facilities from competitive bid laws.
• Section 41-10-523 — Exemption from Sunset Law.

Article 16 Alabama Incentives Financing Authority.

• Section 41-10-540 — Legislative findings; construction.
• Section 41-10-541 — Definitions.
• Section 41-10-542 — Incorporation of authority.
• Section 41-10-543 — Application for incorporation.
• Section 41-10-544 — Certificate of incorporation.
• Section 41-10-545 — Members; officers; quorum; vacancies; salaries; record of proceedings.
• Section 41-10-546 — Powers of authority.
• Section 41-10-547 — Bonds of the authority.
• Section 41-10-548 — Use of proceeds from bonds.
• Section 41-10-549 — Payment or reimbursement of training facility management fees.
• Section 41-10-550 — Appropriation and pledge of funds for authority obligations.
• Section 41-10-551 — Manner of ownership, operation, leasing, and disposition of facilities financed by authority.
• Section 41-10-552 — Publication of notice; time limitation on actions contesting proceedings, validity of obligations, etc.
• Section 41-10-553 — Exemption from taxes, fees, etc.
• Section 41-10-554 — No notice, approval, public hearing, etc., required for issuance of obligations.
• Section 41-10-555 — Exemption from competitive bid laws.
• Section 41-10-556 — Dissolution of authority.
• Section 41-10-570 — Pledge and appropriation of state revenues from TVA payments to pay and redeem bonds prior to maturity.
• Section 41-10-590 — Legislative findings.
• Section 41-10-591 — Definitions.
• Section 41-10-592 — Authority to issue bonds to finance Y2K expenditures.
• Section 41-10-593 — Use of bond proceeds.
• Section 41-10-594 — Report of expenditures; diversity requirement.

Article 17 Alabama 21st Century Authority.

• Section 41-10-620 — Short title.
• Section 41-10-621 — Legislative findings and purpose.
• Section 41-10-622 — Definitions.
• Section 41-10-623 — Incorporation of authority authorized; application; filing.
• Section 41-10-624 — Members, officers, and directors.
• Section 41-10-625 — Powers of the authority.
• Section 41-10-626 — Bonds of the authority.
• Section 41-10-627 — Refunding bonds.
• Section 41-10-628 — Disposition of proceeds of bonds.
• Section 41-10-629 — Creation of special fund.
• Section 41-10-630 — Pledge and appropriation of tobacco revenues to redeem bonds.
• Section 41-10-631 — Notice; contested actions.
• Section 41-10-632 — Tax exemption.
• Section 41-10-633 — Notice and hearing not required.
• Section 41-10-634 — Application of other laws.
• Section 41-10-635 — Dissolution.
• Section 41-10-636 — Racial and ethnic diversity.
• Section 41-10-637 — Utilization of services provided by Department of Finance.
• Section 41-10-638 — Transfers from the special fund.
• Section 41-10-639 — Liberal construction.
• Section 41-10-650 — Short title.
• Section 41-10-651 — Legislative findings.
• Section 41-10-652 — Definitions.
• Section 41-10-653 — Powers of the authority.
• Section 41-10-654 — Bonds of the authority.
• Section 41-10-655 — Debt service.
• Section 41-10-656 — Use of bond proceeds.
• Section 41-10-657 — Payment of training costs.
• Section 41-10-658 — Construction of division.
• Section 41-10-670 — Short title.
• Section 41-10-671 — Legislative findings and purpose.
• Section 41-10-672 — Definitions.
• Section 41-10-673 — Powers of the authority.
• Section 41-10-674 — Authorization to issue bonds.
• Section 41-10-675 — Pledge and appropriation of pledged revenues.
• Section 41-10-676 — Use of bond proceeds.
• Section 41-10-677 — Payment of training costs directly out of pledged revenues.
• Section 41-10-678 — Appointments.
• Section 41-10-679 — Competitive bid.
• Section 41-10-680 — Liberal construction.