(a) 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, a county or municipality 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 corporation or perform services for the benefit thereof;
(2) Donate, sell, convey, transfer, lease, or grant to any corporation, 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 corporation in attaining the objectives of this chapter.
(b) Without in any way limiting the generality of the foregoing, any municipality, county, or any political subdivision or agency of the state or of a county or municipality, a public corporation or any other entity is authorized to convey to the corporation, and the corporation in turn is authorized to convey to any person, any existing facility, it being hereby specifically declared that the agreement of any person to whom such conveyance is made to provide a facility or facilities that are in full compliance with all such applicable federal and state laws and regulations shall be deemed to be adequate consideration for any such transfer.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 3 - Provisions Applicable to Counties and Municipal Corporations.
Chapter 97 - Construction and Improvement of Utility Services Facilities.
Section 11-97-1 - Legislative Declarations and Findings.
Section 11-97-2 - Definitions.
Section 11-97-5 - Amendments to Certificate of Incorporation.
Section 11-97-7 - Officers of Corporation.
Section 11-97-8 - Powers of Corporation; Location of Facilities of Corporation.
Section 11-97-9 - Bonds of Corporation Generally.
Section 11-97-10 - Security for Payment of Bonds; Contracts and Agreements to Secure.
Section 11-97-11 - Proceeds From Sale of Bonds.
Section 11-97-12 - Refunding Bonds.
Section 11-97-14 - Power of Eminent Domain.
Section 11-97-15 - Contacts; Cooperation; Aid and Agreements From Other Bodies.
Section 11-97-18 - Exemption From Taxation.
Section 11-97-19 - Exemption From Usury and Interest Laws.
Section 11-97-20 - Exemption From Competitive Bid Laws.
Section 11-97-21 - Disposition of Net Earnings of Corporation.
Section 11-97-22 - Bonds of Corporation as Legal Investments.
Section 11-97-24 - Incorporation of Another Corporation by Same Determining Subdivision.
Section 11-97-25 - Notice of Bond Resolution; Contest to Validity of Bonds, Etc.