The authority may hold title to any project financed by it but shall not be required to do so.
Structure Code of Alabama
Chapter 18A - Private Colleges and Universities Facilities Authority.
Section 16-18A-1 - Short Title.
Section 16-18A-2 - Definitions.
Section 16-18A-3 - Creation of Authority; Members, Organization, Etc.
Section 16-18A-4 - Powers and Duties.
Section 16-18A-6 - Revenue Bonds - Contracts to Secure Payment.
Section 16-18A-7 - Revenue Bonds - Creation of Statutory Mortgage Lien; Recording.
Section 16-18A-8 - Use of Proceeds From Sale.
Section 16-18A-9 - Exemptions From Taxation, Fees and Costs.
Section 16-18A-10 - Venue and Jurisdiction.
Section 16-18A-11 - Interest of Bondholders Protected; Enforceability.