At any time when the authority has no bonds or outstanding obligations, the board may adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon the filing for record of a certified copy of the resolution in the office of the judge of probate of the authorizing county, the authority shall be dissolved and in the event it owned any property at the time of its dissolution, the title to its properties shall pass to, and vest in the authorizing county, the principal municipality, and the participating municipalities. The county and each municipality shall have title to the property as tenant in common. The fractional interest of the authorizing county, the principal municipality, and each participating municipality in the property shall be represented by a fraction the numerator of which is the total amount of fund provided by the authorizing county and each municipality to the authority prior to its dissolution, and the denominator of which is the total amount of funds provided by the authorizing county, the principal municipality, and the participating municipalities to the authority prior to its dissolution. In making a determination of a fractional interest, funds provided by the county or a municipality in order to make available public transportation service to persons resident or employed in the county or municipality on terms not generally or uniformly available to all persons in all areas served by the authority shall not be included.
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.