There is a newer version
of
this Section
2018 Code of Alabama
Title 16 - EDUCATION.
Chapter 17 - EDUCATIONAL BUILDING AUTHORITIES.
Section 16-17-15 - Freedom of authority from state supervision and control.
Universal Citation: AL Code § 16-17-15 (2018)
Section 16-17-15Freedom of authority from state supervision and control.
This chapter is intended to aid the state in the execution of its duties by providing appropriate and independent instrumentalities of the state with full and adequate powers to fulfill their functions. Except as in this chapter expressly otherwise provided, no proceeding, notice or approval shall be required for the incorporation of any authority or the amendment of its certificate of incorporation, the acquisition of any property or ancillary improvements or the issuance of any bonds, mortgage and deed of trust or trust indenture. Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite to the issuance of bonds by the authority.
(Acts 1966, Ex. Sess., No. 222, p. 325, §15.)
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
