The board may enter into contracts, leases, agreements, investments, and may otherwise expend monies without compliance with Article 2, commencing with Section 41-16-20, of Chapter 16 of Title 41, and Chapter 2 of Title 39, or any requirements relating to the procurement of professional service providers in Section 41-16-72. Solely as a result of entering into contracts, leases, agreements, investments, or otherwise, no for-profit or nonprofit private entity, nor the officers, employees, agents, or directors of any of the foregoing, shall become subject to Chapter 25 or Chapter 25A of Title 36; Article 2, commencing with Section 41-16-20, of Chapter 16 of Title 41; Chapter 2 of Title 39; Section 36-12-40, or any requirements relating to the procurement of professional service providers in Section 41-16-72.
Structure Code of Alabama
Article 20 - Alabama Innovation Corporation
Section 41-10-800 - Legislative Findings.
Section 41-10-801 - Definitions.
Section 41-10-802 - Incorporation.
Section 41-10-803 - Board of Directors.
Section 41-10-804 - Powers of the Board.
Section 41-10-805 - Corporation Contracts.
Section 41-10-806 - Alabama Innovation Fund - Created.
Section 41-10-807 - Alabama Innovation Fund - Management.
Section 41-10-808 - Amendments.
Section 41-10-809 - Dissolution.