There Is a Newer Version
of
the Code of Alabama
2009 Alabama Code
Title 41 — STATE GOVERNMENT.
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.
- Division 1 General Provisions.
- 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 41-10-27.2 Appropriation of funds for payment of industrial development site grants.
- 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.
- Division 2 State Ceiling.
- 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 41-10-268.1 Issuance of bonds - 2007 authorization.
- 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 Board of directors; composition; actions of the authority; record of proceedings.
- 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 41-10-458.2 Issuance of bonds - 2006 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.
- Division 1 General Provisions.
- 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.
- Division 2 Pledge and Appropriation of TVA Payments to Redeem Bonds.
- Division 3 Financing Y2K Expenditures.
- Article 17 Alabama 21st Century Authority.
- Division 1 Authority Generally.
- 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 Alabama 21st Century Fund; Alabama 21st Century Recruitment and Training Promotion 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 41-10-640 Alabama Construction Recruitment Institute - Application.
- Section 41-10-641 Alabama Construction Recruitment Institute - Board of directors.
- Section 41-10-642 Alabama Construction Recruitment Institute - Powers.
- Section 41-10-643 Alabama Construction Recruitment Institute - Records.
- Section 41-10-644 Applicability.
- Division 2 Job Development Act of 1999.
- 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.
- Division 3 Job Development Act of 2001.
- Section 41-10-670 Short title.
- Section 41-10-671 Legislative findings and purpose.
- Section 41-10-672 Definitions.
- Section 41-10-673 Powers and duties 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.
- Division 4 Construction Craft Training Program Fee.
- Section 41-10-700 (Effective until May 18, 2013) Definitions.
- Section 41-10-701 (Effective until May 18, 2013) Fee imposed on wages of certain employees.
- Section 41-10-702 (Effective until May 18, 2013) Duties of department.
- Section 41-10-703 (Effective until May 18, 2013) Failure to pay fee.
- Section 41-10-704 (Effective until May 18, 2013) Disposition of funds.
- Section 41-10-705 (Effective until May 18, 2013) Applicability.
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
