Code of Alabama
Chapter 16 - Alabama Public School and College Authority.
Section 16-16-3 - Incorporation Authorized.

The Governor, the State Superintendent of Education and the Director of Finance may become a corporation with the power and authority hereinafter provided by proceeding according to the provisions of this chapter.

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Structure Code of Alabama

Code of Alabama

Title 16 - Education.

Chapter 16 - Alabama Public School and College Authority.

Section 16-16-1 - Definitions.

Section 16-16-2 - Legislative Findings of Fact and Declaration of Intent; Liberal Construction of Chapter.

Section 16-16-3 - Incorporation Authorized.

Section 16-16-4 - Application for Incorporation.

Section 16-16-5 - Issuance and Recording of Certificate of Incorporation; No Fees to Be Paid.

Section 16-16-6 - Members, Officers and Directors; Quorum for Transacting Business; Effect of Death, Resignation or Expiration of Term; Salary; Record of Proceedings; Copies of Proceedings as Evidence.

Section 16-16-7 - Powers Generally.

Section 16-16-8 - Authority Empowered to Sell and Issue Bonds for Construction, etc., of Facilities for Public Educational Purposes; Procedure for Letting Contracts.

Section 16-16-9 - Execution, Form, Terms and Conditions of Bonds; Sale; Refunding Bonds; Bonds to Be Limited Obligations; Security for Payment; Bonds as Negotiable Instruments; Exemption From Taxation; Bonds as Security for Deposits and for Investmen...

Section 16-16-10 - Disposition of Proceeds of Bonds.

Section 16-16-11 - Pledge of Revenues for Payment of Bonds.

Section 16-16-12 - Payment of Principal and Interest on Bonds.

Section 16-16-13 - Dissolution of Authority.

Section 16-16-14 - Use of Bond Proceeds for Loans to Local Boards of Education.

Section 16-16-14.1 - Sale of Bonds and Other Details of Bonds.

Section 16-16-14.2 - Legislative Intent.

Section 16-16-15 - Incentive Fund and Council.

Section 16-16-16 - Racial and Ethnic Diversity.

Section 16-16-17 - Swap Agreements.