Code of Alabama
Chapter 1 - Alabama Highways.
Article 10 - Federal Aid Highway Finance Authority.

Section 23-1-300 - Purpose and Construction of Article. - (a) It is the intention of the Legislature by the...

Section 23-1-301 - Definitions. - When used in this article, the following words and phrases...

Section 23-1-302 - Incorporation - Authorization. - The Director of Finance, the Director of Transportation, the Attorney...

Section 23-1-303 - Incorporation - Application. - (a) To become a corporation, the Director of Finance, the...

Section 23-1-304 - Incorporation - Certificate. - (a) When the application has been made, filed and recorded...

Section 23-1-305 - Corporation - Generally. - (a) The members of the corporation shall be the Governor,...

Section 23-1-306 - Corporation - Powers. - The corporation shall have the following powers: (1) To have...

Section 23-1-307 - Bonds and Notes - Authorization for Issuance. - The authority shall have the power and is hereby authorized...

Section 23-1-308 - Bonds and Notes - Form, Denominations, Terms, Redemption, Etc. - Any obligations authorized by this article shall be in such...

Section 23-1-309 - Bonds and Notes - Execution. - The obligations authorized by this article shall be signed by...

Section 23-1-310 - Bonds and Notes - Issuance and Sale Generally. - Obligations of the authority may be sold at either public...

Section 23-1-311 - Bonds and Notes - Source of Funds; Pledge of Funds for Payment of Principal and Interest Thereon; Negotiability. - (a) The obligations authorized by this article shall not be...

Section 23-1-312 - Bonds and Notes - Exemption From Taxation; Use as Security for Deposits; Eligibility as Investment for Fiduciary Funds. - (a) Any obligations authorized by this article and the income...

Section 23-1-313 - Bonds and Notes - Disposition of Proceeds From Sale. - The authority shall pay out of the proceeds from the...

Section 23-1-314 - Bonds and Notes - Payment Generally. - THIS SECTION WAS AMENDED BY ACT 2022-122 IN THE 2022...

Section 23-1-315 - Investment of Funds; Pledge of Interest From Investments. - Any funds held as the proceeds of obligations issued by...

Section 23-1-316 - Payment by State Treasurer of Principal and Interest on Bonds and Notes; Maintenance of Records Pertaining Thereto. - Out of the revenues appropriated and pledged and the sinking...

Section 23-1-317 - Expenditure of Proceeds; Contracts; Rules and Regulations; Conveyance of Property. - (a) If such action shall be necessary in order to...

Section 23-1-318 - Dissolution. - At any time when no securities of any kind of...