(a) The authority shall receive, invest, and expend donated moneys for educational and eleemosynary purposes, related to the promotion, development, and growth of educational and public broadcasting and television in Alabama. The authority, through its director, may expend a reasonable amount of privately donated funds of the authority for the entertainment of major donors and corporate sponsors or prospective major donors and corporate sponsors. The director of the authority may also expend funds of the authority for promotional and public relation purposes. The director of the authority shall report quarterly to each commission member of the authority and to the members of the Legislature the amounts expended for entertainment, promotional, and public relation purposes. Such quarterly report shall contain the expenditures for each purpose by category of expenditure.
(b) The authority shall be exempt from paying any taxes, whether state, local, or municipal.
(c) The authority shall be subject to audits by the Department of Examiners of Public Accounts. The audits shall be similar to the type performed on similar agencies.
Structure Code of Alabama
Chapter 7A - Alabama Educational Television Foundation Authority.
Section 16-7A-1 - Creation; Membership, Salary, Etc.
Section 16-7A-2 - Appointment of Members.
Section 16-7A-3 - Election of Officers; Meetings.
Section 16-7A-4 - Purposes; Tax Exemption; Audits.
Section 16-7A-5 - Activities of Authority Not to Include Propaganda, Political Campaigns, Etc.
Section 16-7A-6 - Disposition of Assets Upon Dissolution.
Section 16-7A-7 - Alabama Educational Television Commission to Continue as Governing Body.