2021 Code of Alabama
Title 14 - Criminal Correctional and Detention Facilities.
Chapter 2 - Alabama Corrections Institution Finance Authority.
Section 14-2-14 - Bonds - Specifications; Redemption; Precedence.
Section 14-2-14
Bonds - Specifications; redemption; precedence.
THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021 1ST SPECIAL SESSION, EFFECTIVE OCTOBER 1, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Any bonds of the authority may be executed and delivered by it at any time and from time to time, shall be in such form and denominations and of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced in such manner, may contain provisions for redemption prior to maturity and may contain other provisions not inconsistent with this section, all as may be provided by the resolution of the authority whereunder such bonds are authorized to be issued; provided, that no bond of the authority shall have a specified maturity date later than 30 years after its date.
(Acts 1965, No. 678, p. 1226, §13; Acts 1985, 1st Ex. Sess., No. 85-125, p. 187, §7; Act 2021-546, §2.)
