It is the intent of the Legislature by the passage of this article to authorize the incorporation of the Governor, the Director of Finance, and the State Treasurer as a public corporation for the sole purpose of constructing, renovating, reconstructing, improving, altering, adding to, demolishing, equipping, operating and maintaining or contracting for the constructing, renovation, reconstruction, improvement, alteration, addition, demolition, equipment, operation and maintenance of public office buildings (including the State Capitol), and surfacing and resurfacing of land for parking and other uses to produce revenue and to vest such corporation with all powers, authority, rights, privileges, and titles that may be necessary to enable it to accomplish such purpose. This article shall be liberally construed in conformity with the purpose expressed.
Structure Code of Alabama
Article 14 - Alabama Building Renovation Finance Authority.
Section 41-10-450 - Legislative Intent.
Section 41-10-451 - Definitions.
Section 41-10-452 - Power to Incorporate.
Section 41-10-453 - Provisions for Incorporation.
Section 41-10-454 - Consummation of Incorporation.
Section 41-10-455 - Members, Directors and Officers of Authority.
Section 41-10-456 - Powers of Authority.
Section 41-10-457 - Power of Condemnation.
Section 41-10-458 - Authorization of Bonds.
Section 41-10-458.1 - Definitions; Additional Authorization.
Section 41-10-458.2 - Issuance of Bonds - 2006 Authorization.
Section 41-10-459 - Refunding Bonds.
Section 41-10-460 - Execution of Bonds.
Section 41-10-461 - Sale of Bonds.
Section 41-10-462 - Bonds of Authority.
Section 41-10-463 - Investment of Proceeds From Sale of Bonds.
Section 41-10-464 - Exemption From Taxation.
Section 41-10-465 - Bonds Constitute Negotiable Instruments.
Section 41-10-466 - Obligations Not Debt of State.
Section 41-10-467 - Bonds May Be Used to Secure Deposit and for Investment of Fiduciary Funds.
Section 41-10-468 - Use of Proceeds From Sale of Bonds.
Section 41-10-469 - Use of Proceeds of Refunding Bonds.
Section 41-10-470 - Conveyance to Authority by State.
Section 41-10-471 - Creation of Fund for Benefit of Bonds.
Section 41-10-472 - Pledge and Lien for Benefit of Bonds.
Section 41-10-473 - State Treasurer to Disburse Funds.
Section 41-10-474 - Terms and Conditions of Leasing by Authority; Delinquent Lease Payments.
Section 41-10-475 - Presumption of Validity of Bonds and Publication of Notice Thereof.
Section 41-10-476 - Power to Make Payments and to Make Agreements Respecting Investment of Funds.