2013 Code of Alabama
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.
• 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 - Composition; recordkeeping; admissibility in evidence.
• 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.
• 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.

• Section 41-10-570 - Pledge and appropriation of state revenues from TVA payments to pay and redeem bonds prior to maturity.

Division 3 Financing Y2K Expenditures.

• 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.
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.
• 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 - Definitions.
• Section 41-10-701 - Fee imposed on wages of certain employees.
• Section 41-10-702 - Duties of department.
• Section 41-10-703 - Failure to pay fee.
• Section 41-10-704 - Disposition of funds.
• Section 41-10-705 - Applicability.

Article 18 Alabama Construction Recruitment Institute.
Division 1 Authority Generally.

• Section 41-10-720 - Legislative findings.
• Section 41-10-721 - Definitions.
• Section 41-10-722 - Recruitment and Training Promotion Fund.
• Section 41-10-723 - Alabama Construction Recruitment Institute - Application.
• Section 41-10-724 - Alabama Construction Recruitment Institute - Board of directors.
• Section 41-10-724.1 - Alabama Construction Recruitment Institute - Sunset provision.
• Section 41-10-725 - Alabama Construction Recruitment Institute - Powers.
• Section 41-10-726 - Alabama Construction Recruitment Institute - Records.

Division 2 Construction Craft Industry Fee.

• Section 41-10-727 - (Expires May 13, 2013) Definitions.
• Section 41-10-728 - (Expires May 13, 2013) Fee imposed on wages of certain employees.
• Section 41-10-729 - (Expires May 13, 2013) Duties of department.
• Section 41-10-730 - (Expires May 13, 2013) Failure to pay fee.
• Section 41-10-731 - (Expires May 13, 2013) Disposition of funds.
• Section 41-10-732 - (Expires May 13, 2013) Applicability.