(a) This chapter is intended to aid the state in the execution of its duties by providing appropriate and independent instrumentalities of the state with full and adequate powers to fulfill their functions. Except as otherwise provided by this chapter, no proceeding, notice, or approval shall be required for the following:
(1) Incorporation of any authority or the amendment of its certificate of incorporation.
(2) The acquisition of any property or transit system, or the issuance of any bonds, mortgage and deed of trust, or trust indenture.
(b) The authority, every transit system of the authority, any public transportation service provided by the authority, and the rates and charges of the authority shall be exempt from all jurisdiction of, and all regulation and supervision by, the Public Service Commission. Neither a public hearing nor the consent of the state Department of Finance shall be prerequisite to the issuance of bonds by the authority.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 49B - Public Transportation Service in Class I Municipalities
Section 11-49B-1 - Declaration of Purpose and Legislative Findings.
Section 11-49B-2 - Definitions.
Section 11-49B-4 - Procedure to Incorporate Contents and Execution of Certificate of Incorporation.
Section 11-49B-5 - Amendments to Certificate of Incorporation.
Section 11-49B-6 - Board of Directors.
Section 11-49B-7 - Powers of Authority.
Section 11-49B-8 - Rates and Charges.
Section 11-49B-9 - Bonds of Authority.
Section 11-49B-10 - Contracts to Secure Bonds and Assumed Obligations.
Section 11-49B-11 - Statutory Mortgage Lien.
Section 11-49B-12 - Proceeds From Sale of Bonds.
Section 11-49B-13 - Cooperation; Aid From Other Public Bodies.
Section 11-49B-14 - Exemption From Taxation.
Section 11-49B-16 - Use of Public Roads.
Section 11-49B-17 - Annual Budgets and Audits Required.
Section 11-49B-18 - Civil Service of Merit Systems Not Applicable.
Section 11-49B-19 - Dissolution of Authority and Vesting of Property.
Section 11-49B-20 - Employee Protective Provisions.
Section 11-49B-21 - Existence of an Authority Prevents Incorporation of Another by the Same County.