This subpart is intended to aid the state through the furtherance of the purposes of the subpart by providing an appropriate and independent instrumentality with full and adequate powers to fulfill its functions. Except as expressly provided in this subpart, no proceeding, notice, or approval shall be required for the establishment of the authority, the purchase of any note or other instrument secured by a mortgage deed of trust, note or other security interest, the issuance of any bonds, the execution of any mortgage and deed of trust or trust indenture, or the exercise of any other of its powers by the authority. Neither a public hearing nor the consent of the State Department of Finance or any other department, agency, bureau, board, or corporation of the state shall be prerequisite to the issuance of bonds by the authority.
Structure Code of Alabama
Chapter 51A - Montgomery County Municipalities.
Part 2 - Economic & Industrial Development and Zoning.
Division 2 - Montgomery I-65 Corridor Development Authority.
Section 45-51A-31.20 - Legislative Intent.
Section 45-51A-31.21 - Definitions.
Section 45-51A-31.22 - Procedure for Organization.
Section 45-51A-31.23 - Board of Directors; Election, Terms, Eligibility.
Section 45-51A-31.24 - Officers of Authority; Election, Compensation.
Section 45-51A-31.25 - Powers of the Authority.
Section 45-51A-31.26 - Office Headquarters.
Section 45-51A-31.27 - Liability of the County and City.
Section 45-51A-31.30 - Assessment of Land Within the I-65 Corridor.
Section 45-51A-31.31 - Payment of Assessments.
Section 45-51A-31.32 - Failure to Pay Assessments.
Section 45-51A-31.34 - Exemption From Certain Requirements and Regulation.
Section 45-51A-31.35 - Dissolution.
Section 45-51A-31.36 - Public Disclosure and Accountability.