Upon issuance of the certificate of incorporation, any unencumbered funds appropriated to the Department of Finance, Division of Data Systems Management, for capital outlay and operation and maintenance of the supercomputer system, are hereby transferred to the Supercomputer System Fund to be expended in accordance with the provisions of this article.
Upon issuance of the certificate of incorporation and pursuant to a written transfer, assignment or conveyance by the State of Alabama to the authority, all contracts, leases, management agreements, real or personal property acquired by the State of Alabama and utilized in the operation of a supercomputer center and system by the Alabama Department of Finance, shall be transferred, assigned or conveyed to the authority without payment or other consideration. Upon such assignment, transfer or conveyance, the State of Alabama shall have no further obligations or rights to or under the items or subject matters so assigned, transferred or conveyed.
Structure Code of Alabama
Article 12 - Alabama Supercomputer Authority.
Section 41-10-390 - Short Title.
Section 41-10-391 - Legislative Findings of Fact and Declaration of Intent; Construction of Article.
Section 41-10-392 - Authorization and Procedure for Incorporation Generally.
Section 41-10-396 - Powers of Authority Generally.
Section 41-10-397 - Employment of a Chief Executive Officer and Staff.
Section 41-10-398 - Authority to Have No Proprietary Interest in Intellectual Property.
Section 41-10-400 - Establishment of the "Supercomputer System fund."
Section 41-10-401 - Exemption From Taxation of Properties, Income, etc., of Authority.
Section 41-10-402 - Liability Upon Contracts, Obligations, etc., of Authority.
Section 41-10-403 - Operation of Authority as Nonprofit Corporation.
Section 41-10-404 - Transfer of Certain Assets to Authority.