Notwithstanding the provisions of this chapter to the contrary, the authority is authorized, in its discretion, to continue to lease to the Environmental Protection Agency of the United States of America approximately 11.8 acres of land, bounded on the north by Federal Drive, on the south and east by Gunter Air Force Base and on the west by Three-Mile Branch, of the Kilby property in the County of Montgomery known as the Eastern Radiological Laboratory and to give to the Environmental Protection Agency of the United States of America the improvements thereon consisting of four frame buildings for the purpose of maintaining and operating an environmental laboratory by said Environmental Protection Agency. Such lease is to be made upon the same terms, conditions and provisions upon which said land is presently leased; however, no such lease shall be for a term longer than the then current fiscal year of the state, but such lease may contain a grant of successive options of renewing said lease on the terms specified therein for any subsequent fiscal year or years. The authority may continue such lease for so long as the said Environmental Protection Agency maintains and operates an environmental laboratory on said land and for so long as such lease does not materially impair the security of any bonds issued by said 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.