2022 Code of Alabama
Title 41 - State Government.
Chapter 10 - Authorities.
Article 20 - Alabama Innovation Corporation
Section 41-10-805 - Corporation Contracts.
Section 41-10-805
Corporation contracts.
The board may enter into contracts, leases, agreements, investments, and may otherwise expend monies without compliance with Article 2, commencing with Section 41-16-20, of Chapter 16 of Title 41, and Chapter 2 of Title 39, or any requirements relating to the procurement of professional service providers in Section 41-16-72. Solely as a result of entering into contracts, leases, agreements, investments, or otherwise, no for-profit or nonprofit private entity, nor the officers, employees, agents, or directors of any of the foregoing, shall become subject to Chapter 25 or Chapter 25A of Title 36; Article 2, commencing with Section 41-16-20, of Chapter 16 of Title 41; Chapter 2 of Title 39; Section 36-12-40, or any requirements relating to the procurement of professional service providers in Section 41-16-72.
(Act 2021-455, §1.)
