If at any time any facility constructed by the authority is, or is about to be, vacant or unused as a result of there being no lease for such facility in effect for the current fiscal year, then, but only in such event, in order to prevent default on its bonds, the authority is hereby authorized to lease such facility to any other agency, department, bureau or commission of the state, any municipal corporation, public corporation, county, or other public body in the state, or any agency of the federal government other than the original lessee of said facility. Any such lease shall not be for the purpose of lending public credit but shall be solely to avoid default on the authority's bonds and to insure the prompt payment of the principal thereof and interest thereon when due.
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.