The bonds, which may be issued in one or more series, shall be in such forms and denominations and of such tenor and maturities, shall, if issued as interest-bearing bonds, bear such rate(s) of interest and be payable and evidenced in such manner, shall be payable in such installments at such time(s) and at such place(s), and may contain such other provisions not inconsistent with this chapter, all as may be provided in the resolution(s) of the directors under which the bonds are authorized to be issued; provided that none of the bonds shall have a specified maturity date later than 20 years after its date. At its election, the authority may retain in the resolution(s) under which any of the bonds are issued an option to redeem all or any thereof and at such redemption price(s) and after such notice(s) and on such dates and subject to such terms and conditions as may be set forth in said resolution(s) and as may be briefly recited in the bonds with respect to which such option of redemption is retained.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 3A - Alabama Public Health Finance Authority.
Section 22-3A-1 - Legislative Findings and Declarations.
Section 22-3A-2 - Definitions.
Section 22-3A-3 - Creation of Corporation; Members.
Section 22-3A-4 - Application.
Section 22-3A-5 - Certificate of Incorporation.
Section 22-3A-6 - Members; Officers; Terms; Records; Meetings; Appointment of Governor's Designee.
Section 22-3A-7 - Powers of Authority.
Section 22-3A-8 - Issuance of Bonds.
Section 22-3A-9 - Form of Bonds; Redemption Option.
Section 22-3A-10 - Authentication of Bonds.
Section 22-3A-11 - Sale of Bonds.
Section 22-3A-12 - Nature of Bonds.
Section 22-3A-13 - Tax Exemption; Use of Bonds as Security; Investment in Bonds.
Section 22-3A-14 - Refunding Bonds.
Section 22-3A-16 - Appropriation Made; Debt Service Reserve Fund Established.
Section 22-3A-17 - Obligations, etc., as Obligations of Authority and Not State.
Section 22-3A-18 - Investment of Proceeds From Bond Sale; When Authorized; Application of Income.
Section 22-3A-20 - Authority as Nonprofit Corporation.
Section 22-3A-21 - Dissolution of Authority.
Section 22-3A-22 - Payment by State Treasurer Authorized; Records.
Section 22-3A-23 - Approval of Allocations Other Than Those in Section 22-3a- 19(a) to Be Unanimous.
Section 22-3A-24 - Payments and Investment Agreements to Ensure Federal Tax Exemption.