Code of Alabama
Title 1 - Health and Environmental Control Generally.
Chapter 23A - Alabama Water System Assistance Authority.

Section 22-23A-1 - Definitions. - The following words and phrases, whenever used in this chapter,...

Section 22-23A-2 - Legislative Intent. - It is the intent of the Legislature acting by and...

Section 22-23A-3 - Alabama Water System Assistance Authority; Created; Members. - The Governor, the Director of the Department of Economic and...

Section 22-23A-4 - Water Supply Assistance Fund Established; Deposits; Expenditures; Investments. - There is hereby established a special fund within the State...

Section 22-23A-5 - Application to Become Corporation; Filing and Recordation; Certificate of Incorporation; Officers; Board of Directors; Record of Proceedings. - (a) To become a corporation, the Governor, the director of...

Section 22-23A-6 - Powers of Authority. - (a) The authority shall have the following powers, among others...

Section 22-23A-7 - Bonds - Authorization to Issue and Sell; Security for Payment. - For the purpose of providing funds for the authority to...

Section 22-23A-8 - Bonds - Procedure for Sale. - The bonds and other evidences of indebtedness of the authority...

Section 22-23A-9 - Loans in Anticipation of Bond Issuance; Refund of Local Funds Provided by Community Water System. - In anticipation of the issuance of bonds, the authority may...

Section 22-23A-10 - Refunding Bonds. - The authority may, from time to time, issue and sell...

Section 22-23A-11 - Establishment of Dedicated Source of Revenue by Community Water System for Funding of Loan by Authority; Powers of Water System; Default; Repayment Guidelines; Project Accounts. - (a) In order to provide for the funding of the...

Section 22-23A-12 - Investment in Bonds of Authority. - The State Treasurer may invest any idle or surplus moneys...

Section 22-23A-13 - Taxation Exemption. - All bonds or other indebtedness of the authority and the...

Section 22-23A-14 - Interest Exemption. - All securities issued by the authority shall be exempt from...

Section 22-23A-15 - Purpose of Chapter. - This chapter is intended to aid the state through the...

Section 22-23A-16 - Bonds and Coupons Deemed Negotiable Instruments. - All bonds issued by the authority, while registered, shall be...

Section 22-23A-17 - Bonds, Notes and Certificates Not Debt of State. - All bonds, notes and certificates issued by the authority shall...