The authority shall be a nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any private entity.
Structure Code of Alabama
Article 9 - Alabama Judicial Building Authority.
Section 41-10-260 - Definitions.
Section 41-10-261 - Legislative Intent; Liberal Construction.
Section 41-10-262 - Authority to Incorporate.
Section 41-10-263 - Procedure for Incorporation.
Section 41-10-264 - Certificate of Incorporation; No Fees for Incorporation or Dissolution.
Section 41-10-266 - Meetings of Board of Directors.
Section 41-10-267 - Powers of Authority.
Section 41-10-268 - Authorization, Issuance and Sale of Bonds.
Section 41-10-268.1 - Issuance of Bonds - 2007 Authorization.
Section 41-10-269 - Execution of Bonds.
Section 41-10-270 - Use of Proceeds From Sale of Bonds.
Section 41-10-272 - Creation of Fund for Payment of Bonds.
Section 41-10-274 - State Treasurer to Disburse Funds for Payment of Bonds.
Section 41-10-275 - Terms and Conditions of Leasing by Authority.
Section 41-10-276 - Investment of Proceeds From Sale of Bonds; Disposition of Investment Income.
Section 41-10-277 - Refunding Bonds.
Section 41-10-279 - Exemption From Taxation.
Section 41-10-280 - Bonds Constitute Negotiable Instruments; Registration of Transfers.
Section 41-10-281 - Obligations Not Debt of State.