The authority and all contracts made by it shall be exempt from the laws of the State of Alabama requiring competitive bids for any contract to be entered into by municipalities or public corporations authorized by them, including, but without limitation to, Article 3, commencing with Section 41-16-50, of Chapter 16 of Title 41, as it may at any time be amended.
Structure Code of Alabama
Chapter 41A - Lee County Municipalities.
Part 1 - Downtown Development Authority.
Section 45-41A-40.01 - Definitions.
Section 45-41A-40.02 - Use of Particular Terms and Phrases.
Section 45-41A-40.03 - Application; Authorization of Incorporation.
Section 45-41A-40.04 - Incorporation Procedures; Contents and Execution of Certificate.
Section 45-41A-40.05 - Amendments to Certificate of Incorporation.
Section 45-41A-40.06 - Board of Directors.
Section 45-41A-40.07 - Officers of the Authority.
Section 45-41A-40.08 - Powers of the Authority.
Section 45-41A-40.09 - Bonds of the Authority.
Section 45-41A-40.10 - Proceeds From Sale of Bond.
Section 45-41A-40.11 - Refunding Bonds.
Section 45-41A-40.12 - Notice of Bond Resolution.
Section 45-41A-40.13 - Exemption From Taxation.
Section 45-41A-40.14 - Liability of City.
Section 45-41A-40.15 - Exemption From Usury and Interest Laws.
Section 45-41A-40.16 - Exemption From Competitive Bid Laws.
Section 45-41A-40.17 - Freedom of the Authority From State Supervision and Control.
Section 45-41A-40.18 - Earnings of the Authority.
Section 45-41A-40.19 - Dissolution of Corporation.
Section 45-41A-40.20 - Existence of Authority to Prevent Subsequent Incorporation.