Any authority may establish and maintain one or more special debt service reserve funds and such other special fund or funds as may be necessary or desirable for its corporate purposes and may pay into each such fund any moneys contributed or granted to such authority for the purpose of such fund by any governmental or public entity or any private party, any proceeds from the sale of bonds or notes to the extent provided in the resolution adopted by the board of such authority authorizing the issuance of such bonds or notes and any other moneys which may be made available to such authority for the purpose of such fund from any other source or sources.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 62 - Municipal Special Health Care Facility Authorities.
Section 11-62-1 - Definitions.
Section 11-62-2 - Legislative Findings and Declarations.
Section 11-62-4 - Amendment of Certificate of Incorporation.
Section 11-62-5 - Board of Directors.
Section 11-62-7 - Powers of Authority Generally; Operation of Facilities by Authority.
Section 11-62-10 - Refunding Bonds and Notes.
Section 11-62-11 - Investment in Bonds and Notes by State, Counties, Municipalities, Etc.
Section 11-62-12 - Establishment and Maintenance of Special Debt Service Reserve Funds, Etc.
Section 11-62-15 - Disposition of Net Earnings of Authority.
Section 11-62-18 - Exemptions of Authority - Taxation.
Section 11-62-19 - Exemptions of Authority - Usury and Interest Laws.
Section 11-62-20 - Exemptions of Authority - Competitive Bid Laws.