For the purpose of securing ancillary improvements in connection with educational institutions or aiding or cooperating with the authority in the planning, development, undertaking, construction, extension, improvement, operation or protection of ancillary improvements in connection with educational institutions, any county, municipality or other political subdivision, public corporation, agency or instrumentality of this state may, upon such terms and with or without consideration, as it may determine:
(1) Lend or donate money to, or perform services for the benefit of the authority;
(2) Donate, sell, convey, transfer, lease or grant to the authority, without the necessity of authorization at any election of qualified voters, any property of any kind, including but without limitation, any ancillary improvements or part thereof, and any interest in any thereof; 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 the authority in the planning, undertaking, construction or operation of ancillary improvements in connection with educational institutions.
Structure Code of Alabama
Chapter 18 - Public Educational Building Authorities.
Section 16-18-1 - Definitions.
Section 16-18-2 - Legislative Intent.
Section 16-18-3 - Procedure to Incorporate.
Section 16-18-4 - Amendments to Certificate of Incorporation.
Section 16-18-5 - Board of Directors.
Section 16-18-6 - Officers of Authority.
Section 16-18-7 - Powers of Authority.
Section 16-18-8 - Location of Ancillary Improvements.
Section 16-18-9 - Lease by Educational Institutions of Ancillary Improvements.
Section 16-18-10 - Remedies Under Lease Agreements.
Section 16-18-11 - Bonds of Authority.
Section 16-18-12 - Contracts to Secure Bonds and Assumed Obligations.
Section 16-18-13 - Statutory Mortgage Lien.
Section 16-18-14 - Proceeds From Sale of Bonds.
Section 16-18-15 - Cooperation; Aid From Other Public Bodies.
Section 16-18-16 - Exemption From Taxation.
Section 16-18-17 - Freedom of Authority From State Supervision and Control.
Section 16-18-18 - Earnings of Authority.
Section 16-18-19 - Investments in Bonds of Authority.
Section 16-18-20 - Notice of Bond Resolution.
Section 16-18-21 - Dissolution of Authority and Vesting of Title to Its Properties.