The Legislature hereby finds and declares that it is necessary, desirable, and in the public interest that the state provide adequate forensic sciences laboratories and educational facilities for the provision of instruction and research in the field of forensic sciences. It is the intention of the Legislature by the passage of this article to authorize the formation of a public corporation for the purposes of providing for the acquisition, provision, construction, improvement, renovation, equipping, and maintenance of such facilities and to authorize the corporation to provide for payment of the costs of accomplishing the stated purposes by implementing that certain constitutional amendment authorizing the issuance by the state of up to $17,500,000 principal amount of its general obligation bonds, which amendment was proposed by Act 98-337, and by issuing and selling for the state, subject to the approval of the Governor, interest bearing general obligation bonds of the state not in excess of $17,500,000 in principal amount, as authorized by said constitutional amendment.
Structure Code of Alabama
Chapter 18B - Alabama Forensic Sciences Bond Authority.
Section 16-18B-1 - Legislative Findings.
Section 16-18B-2 - Definitions.
Section 16-18B-3 - Authorization and Procedure for Incorporations; Application.
Section 16-18B-4 - Certificate of Incorporation.
Section 16-18B-5 - Members; Officers; Quorum; Vacancies; Salaries; Record of Proceedings.
Section 16-18B-6 - Powers of Authority.
Section 16-18B-7 - Bonds - Issuance and Sale.
Section 16-18B-8 - Bonds - Payment of Principal, Premium, and Interest; Records.
Section 16-18B-9 - Bonds - Redemption.
Section 16-18B-10 - Bonds - Execution; Facsimiles; Validity.
Section 16-18B-11 - Alabama Forensic Sciences Bond Fund.
Section 16-18B-12 - Use of Proceeds From Bonds.
Section 16-18B-13 - Refunding Bonds.
Section 16-18B-14 - Exemption From Taxes; Use of Bonds as Security; Investment of Funds.
Section 16-18B-15 - Contracts to Be in Writing.
Section 16-18B-16 - Appropriation and Allocation of Funds.
Section 16-18B-17 - Dissolution of Corporation.