THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021 1ST SPECIAL SESSION, EFFECTIVE OCTOBER 1, 2021. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
Bonds of the authority may be sold at such price or prices and at such time or times as the authority may consider advantageous, at public sale, private sale, or via negotiation. Bonds of the authority sold by competitive bid must be sold, whether on sealed bids or at public auction, to the bidder whose bid reflects the lowest true interest cost to the authority for the bonds being sold; provided, that if no bid acceptable to the authority is received, it may reject all bids. The authority may fix the terms and conditions under which such sale may be held; provided, that such terms and conditions shall not conflict with any of the requirements of this chapter. The authority may pay out of the proceeds of the sale of its bonds all expenses, including capitalized interest during a period not to exceed three years from the date of issuance of such bonds, publication and printing charges, attorneys' fees, and other expenses that the authority may deem necessary and advantageous in connection with the authorization, advertisement, sale, execution, and issuance of such bonds. Except as otherwise provided in paragraphs (c)(2)b. and c. of Section 14-2-12, neither a public hearing nor consent of the State Department of Finance or any other department or agency of the state shall be a prerequisite to the issuance or sale of bonds by the authority.
Structure Code of Alabama
Title 14 - Criminal Correctional and Detention Facilities.
Chapter 2 - Alabama Corrections Institution Finance Authority.
Section 14-2-2 - Purpose of Chapter; Construction Thereof.
Section 14-2-3 - Incorporation by State Officials - Authority.
Section 14-2-4 - Incorporation by State Officials - Application.
Section 14-2-5 - Incorporation by State Officials - Certificate of Incorporation.
Section 14-2-6 - Members; Officers; Directors; Quorum; Vacancies; Salaries.
Section 14-2-7 - Resolutions and Proceedings of Board of Directors.
Section 14-2-8 - Powers - Generally.
Section 14-2-9 - Powers - Eminent Domain.
Section 14-2-10 - Temporary Loans in Anticipation of Issuance of Bonds.
Section 14-2-11 - Execution of Bonds and Notes.
Section 14-2-12 - Bonds - Authorization.
Section 14-2-13 - Bonds - Sale and Issuance of Refunding Bonds.
Section 14-2-14 - Bonds - Specifications; Redemption; Precedence.
Section 14-2-15 - Bonds - Recital, Notice and Contest of Authorizing Resolution, Etc.
Section 14-2-16 - Bonds - Sale.
Section 14-2-16.1 - Bonds - Report to Legislature; Contents.
Section 14-2-17 - Bonds - Investment of Surplus in State Fund, etc., and Trust Funds.
Section 14-2-18 - Bonds - Security for Deposit of Governmental Funds.
Section 14-2-19 - Bonds - Disposition of Proceeds.
Section 14-2-20 - Bonds - Investment of Proceeds.
Section 14-2-21 - Bonds - Security.
Section 14-2-22 - Bonds - Enforcement Upon Default.
Section 14-2-23 - Bonds - Bonds and Coupons Deemed Negotiable Instruments.
Section 14-2-24 - Obligations, Bonds, and Notes Not Debt of State.
Section 14-2-26 - Kilby Property - Sale or Lease by Authority.
Section 14-2-27 - Kilby Property - Lease to United States Environmental Protection Agency.
Section 14-2-28 - Facilities - Construction.
Section 14-2-28.1 - Facilities - Determination on Provider of Telephone Service.
Section 14-2-29 - Facilities - Leasing - State or Agency Thereof.
Section 14-2-31 - Special Funds.
Section 14-2-32 - Exemption From Taxation.
Section 14-2-33 - Venue for Actions.
Section 14-2-34 - Dissolution.
Section 14-2-35 - Fees of Secretary of State.
Section 14-2-36 - Exemption From Competitive Bid Laws.