For the purpose of providing funds for the acquisition and preparation of sites, for the construction, reconstruction, alteration and improvement of facilities, for the procurement and installation of equipment therefor and for payment of obligations incurred and the principal of and interest on any temporary loans made for any of the said purposes, the authority is hereby authorized, from time to time, to sell, rent, lease, leaseback, set charges or rents and to make rent adjustments necessary to meet such obligations and to use other revenues from any sources or income from said property. At no time shall any indebtedness or obligations or liabilities be that of the State of Alabama.
Structure Code of Alabama
Article 13 - Real Estate Commission Building Authority.
Section 41-10-420 - Legislative Intent.
Section 41-10-421 - Real Estate Commission Building Authority Established; Composition; Powers.
Section 41-10-422 - Commission to Become Public Corporation.
Section 41-10-423 - Certificate of Incorporation.
Section 41-10-424 - Board of Directors.
Section 41-10-425 - Powers of the Authority.
Section 41-10-426 - Notes of the Authority.
Section 41-10-429 - Properties, etc., Forever Exempt From Any and All Taxation.
Section 41-10-430 - Contracts and Obligations Not Debts of State.