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Section 41-10-490 - Definitions. - For the purposes of this article, the following terms shall...
Section 41-10-491 - Purpose of Article and Construction. - It is the intent of the Legislature, by the passage...
Section 41-10-492 - Authority as Public Corporation. - The state Finance Director, the state Budget Officer and one...
Section 41-10-493 - Application for Certificate of Incorporation. - To become a corporation, the individuals selected pursuant to Section...
Section 41-10-494 - Certificate of Incorporation. - When the application has been made, filed and recorded as...
Section 41-10-495 - Members; Directors; Quorum; Vacancies; Salaries; Officers. - The applicants named in the application and their respective successors...
Section 41-10-496 - Resolutions and Proceedings of Board of Directors. - All resolutions adopted by the board of directors shall constitute...
Section 41-10-497 - Powers Generally. - The authority shall have the following powers among others specified...
Section 41-10-498 - Temporary Loans in Anticipation of Issuance of Bonds. - In anticipation of issuance of bonds under this article, the...
Section 41-10-499 - Execution of Bonds and Notes. - The bonds and notes of the authority shall be executed...
Section 41-10-500 - Bonds Authorization. - For the purpose of providing funds for the acquisition of...
Section 41-10-501 - Sale and Issuance of Refunding Bonds. - The authority may, from time to time, sell and issue...
Section 41-10-502 - Specifications and Priority of Bonds. - Any bonds of the authority may be executed and delivered...
Section 41-10-503 - Sale of Bonds. - Bonds of the authority may be sold at such price...
Section 41-10-504 - Bonds of Authority Eligible for Investment of Trust Funds. - Any trust fund, where the investment thereof is permitted or...
Section 41-10-505 - Security for Deposit of Governmental Funds. - Any bonds issued by the authority may be used by...
Section 41-10-506 - Disposition of Proceeds of Bonds. - (a) All proceeds derived from the sale of any bonds,...
Section 41-10-507 - Investment of Proceeds. - Any portion of the principal proceeds derived from the sale...
Section 41-10-508 - Security. - The principal of, premium, if any, and interest on the...
Section 41-10-509 - Enforcement Upon Default. - If there be any default by the authority in the...
Section 41-10-510 - Bonds and Coupons Deemed Negotiable Instruments. - All bonds issued by the authority shall be construed to...
Section 41-10-511 - Obligations, Bonds and Notes Not Debt of State. - All obligations incurred by the authority and all bonds and...
Section 41-10-512 - Conveyance of Land to Corporation; Conveyance of Improvements Back to State. - The Governor of Alabama or the officers of any public...
Section 41-10-513 - Facilities - Construction. - All facilities constructed by the authority shall be constructed according...
Section 41-10-514 - Leasing to State Agencies. - (a) The authority is hereby authorized to enter into one...
Section 41-10-515 - Leasing to County, Municipal Corporation, Agency of Federal Government, Etc. - If at any time any facility constructed or acquired by...
Section 41-10-516 - Special Funds. - For the purpose of providing funds for the payment of...
Section 41-10-517 - Exemption From Taxation. - The properties of the authority and the income therefrom, all...
Section 41-10-518 - Venue for Actions. - Any action to protect or enforce any rights under the...
Section 41-10-519 - Fees of Secretary of State. - There shall be no fees paid to the Secretary of...
Section 41-10-520 - Interest on Bonds Exempt From Federal Income Tax. - The authority shall have the power to make such payments...
Section 41-10-521 - Dissolution. - When all bonds and securities issued by the authority and...
Section 41-10-522 - Exemption of Leases of Facilities From Competitive Bid Laws. - All leases of facilities made by the authority shall be...
Section 41-10-523 - Exemption From Sunset Law. - The authority shall not be governed by the provisions of...