Code of Alabama
Chapter 62 - Municipal Special Health Care Facility Authorities.
Section 11-62-16 - Loans, Sales, Grants, etc., of Money, Property, etc., to Authority by Counties, Municipalities, Public Corporations, Etc.

For the purpose of attaining the objectives of this chapter, any county, municipality, or other political subdivision, public corporation, agency, or instrumentality of the state may, upon such terms and with or without consideration, as it may determine, do any or all of the following:
(1) Lend or donate money to any authority or perform services for the benefit thereof;
(2) Donate, sell, convey, transfer, lease, or grant to any authority, without the necessity of authorization at any election of qualified voters, any property of any kind; and
(3) Do any and all things, whether or not specifically authorized in this section, not otherwise prohibited by law, that are necessary or convenient to aid and cooperate with any authority in attaining the objectives of this chapter.

Structure Code of Alabama

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 11-62-3 - Application for Authority to Form Corporation; Adoption of Resolution by Governing Body Authorizing Incorporation; Execution, Acknowledgement, Filing, Recordation and Contents of Certificate of Incorporation; Effect of Granting of A...

Section 11-62-4 - Amendment of Certificate of Incorporation.

Section 11-62-5 - Board of Directors.

Section 11-62-6 - Officers.

Section 11-62-7 - Powers of Authority Generally; Operation of Facilities by Authority.

Section 11-62-8 - Bonds and Notes Generally - Form, Terms, Denominations, etc.; Execution, Sale, Delivery, Redemption, etc.; Security for Payment of Principal or Interest; Remedies Upon Default; Liability of Municipalities, Board, etc., Thereupon.

Section 11-62-9 - Bonds and Notes Generally - Notice of Resolution Authorizing Issuance of Bonds or Notes; Limitation Period for Actions, etc., as to Validity of Proceedings for Issuance of Bonds.

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 11-62-13 - Limitations as to Operation of Facilities - Administration or Management of Facilities by Third Parties Under Employment Arrangements or Management Contracts.

Section 11-62-14 - Limitations as to Operation of Facilities - Use of Facility for Promotion of Sectarian Purposes, Advancement, or Inhibition of Religious Activities, Etc.

Section 11-62-15 - Disposition of Net Earnings of Authority.

Section 11-62-16 - Loans, Sales, Grants, etc., of Money, Property, etc., to Authority by Counties, Municipalities, Public Corporations, Etc.

Section 11-62-17 - Authority and Procedure for Dissolution of Authority; Vesting of Title to Assets and Properties of Authority Upon Dissolution of Authority; Effect of Dissolution of Authority Upon Formation of Other Such Authorities.

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.

Section 11-62-21 - Construction of Chapter.