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Section 41-10-350 - Legislative Findings and Purpose. - The Legislature hereby finds and declares that it is necessary,...
Section 41-10-351 - Definitions. - The following terms hereafter used in this article shall have...
Section 41-10-352 - Authority for Incorporation of Alabama Mental Health Finance Authority; Members. - The Governor, the commissioner, the Director of Finance, the chairman...
Section 41-10-353 - Application for Authority to Incorporate. - To become a corporation, the Governor, the commissioner, the Director...
Section 41-10-354 - Certificate of Incorporation; No Fee or Compensation to Secretary of State. - When the application has been made, filed, and recorded as...
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. - The applicants named in the application and their respective successors...
Section 41-10-356 - Powers of Authority. - The authority shall have the following powers among others specified...
Section 41-10-357 - Authorization to Issue Bonds; Limitation on Use of Proceeds. - For the purpose of acquiring, constructing, installing and equipping mental...
Section 41-10-358 - Form, Terms, Denominations, etc., of Bonds; Limitation on Maturity Date, Redemption. - The bonds, which may be issued in one or more...
Section 41-10-359 - Execution and Delivery of Bonds; Designation of Bonds for Community Facilities. - The bonds shall be signed by the president of the...
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. - Each series of the bonds shall be sold at such...
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. - The bonds shall not be general obligations of the authority...
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. - The bonds and the income therefrom shall be exempt from...
Section 41-10-363 - Refunding Bonds; Proceeds of Sale of Refunding Bonds. - Any bonds issued by the authority under this article may...
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; Dispo... - The proceeds of the bonds, other than refunding bonds, remaining...
Section 41-10-365 - Sinking Fund for Payment of Principal and Interest on Bonds of Authority. - For the purpose of providing funds to enable the authority...
Section 41-10-366 - Contracts, etc., Do Not Create Obligations of State. - All contracts made, obligations incurred and bonds issued by the...
Section 41-10-367 - Investment of Surplus Proceeds From Sale of Bonds; Disbursement of Income Derived From Such Investments. - Any portion of the principal proceeds derived from the sale...
Section 41-10-368 - Authority Is Nonprofit Corporation. - The authority shall be a nonprofit corporation, and no part...
Section 41-10-369 - Dissolution of Authority; Disposition of Property Upon Dissolution of Authority. - At any time when the bonds and other obligations of...
Section 41-10-370 - Payment of Principal and Interest on Bonds and Maintenance of Records Pertaining Thereto by State Treasurer. - Out of the revenues appropriated and pledged in Section 41-10-365...
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. - The authority shall have the power to make such payments...