Code of Alabama
Title 14 - Criminal Correctional and Detention Facilities.
Chapter 2 - Alabama Corrections Institution Finance Authority.

Section 14-2-1 - Definitions. - THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021...

Section 14-2-2 - Purpose of Chapter; Construction Thereof. - It is the intent of the Legislature, by the passage...

Section 14-2-3 - Incorporation by State Officials - Authority. - The Governor, the Commissioner of Corrections, the Director of Finance,...

Section 14-2-4 - Incorporation by State Officials - Application. - To become a corporation, the Governor, the Commissioner of Corrections,...

Section 14-2-5 - Incorporation by State Officials - Certificate of Incorporation. - When the application has been made, filed and recorded as...

Section 14-2-6 - Members; Officers; Directors; Quorum; Vacancies; Salaries. - THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021...

Section 14-2-7 - Resolutions and Proceedings of Board of Directors. - All resolutions adopted by the board of directors shall constitute...

Section 14-2-8 - Powers - Generally. - The authority shall have the following powers among others specified...

Section 14-2-8.1 - This Section Was Assigned by the Code Commissioner in the 2021 Special Session, Effective October 1, 2021. This Is Not in the Current Code Supplement. - (a) Separate and apart from the power granted to the...

Section 14-2-9 - Powers - Eminent Domain. - The authority shall have the same power of eminent domain...

Section 14-2-10 - Temporary Loans in Anticipation of Issuance of Bonds. - In anticipation of issuance of bonds under this chapter, the...

Section 14-2-11 - Execution of Bonds and Notes. - The bonds and notes of the authority shall be executed...

Section 14-2-12 - Bonds - Authorization. - THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021...

Section 14-2-13 - Bonds - Sale and Issuance of Refunding Bonds. - The authority may, from time to time, sell and issue...

Section 14-2-13.1 - Bonds - Limitations on Issuance of Refunding Bonds; Present Value of Debt Service; Average Maturity of Refunding Bonds. - THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021...

Section 14-2-14 - Bonds - Specifications; Redemption; Precedence. - THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021...

Section 14-2-15 - Bonds - Recital, Notice and Contest of Authorizing Resolution, Etc. - (a) Any resolution or indenture of trust authorizing any bonds...

Section 14-2-16 - Bonds - Sale. - THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021...

Section 14-2-16.1 - Bonds - Report to Legislature; Contents. - The bonding authority provided herein must file a report, in...

Section 14-2-17 - Bonds - Investment of Surplus in State Fund, etc., and Trust Funds. - Any surplus in any state fund and any retirements or...

Section 14-2-18 - Bonds - Security for Deposit of Governmental Funds. - Any bonds issued by the authority may be used by...

Section 14-2-19 - Bonds - Disposition of Proceeds. - THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021...

Section 14-2-20 - Bonds - Investment of Proceeds. - Any portion of the principal proceeds derived from the sale...

Section 14-2-21 - Bonds - Security. - THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021...

Section 14-2-22 - Bonds - Enforcement Upon Default. - If there be any default by the authority in the...

Section 14-2-23 - Bonds - Bonds and Coupons Deemed Negotiable Instruments. - All bonds issued by the authority, while not registered, shall...

Section 14-2-24 - Obligations, Bonds, and Notes Not Debt of State. - All obligations incurred by the authority and all bonds and...

Section 14-2-25 - Conveyance of Property by State; Right to Possession Thereof; Consideration Therefor. - The Governor of the state is authorized to execute and...

Section 14-2-26 - Kilby Property - Sale or Lease by Authority. - (a) The authority shall have the power to sell, convey...

Section 14-2-27 - Kilby Property - Lease to United States Environmental Protection Agency. - Notwithstanding the provisions of this chapter to the contrary, the...

Section 14-2-28 - Facilities - Construction. - THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021...

Section 14-2-28.1 - Facilities - Determination on Provider of Telephone Service. - When a facility is constructed with the proceeds from any...

Section 14-2-29 - Facilities - Leasing - State or Agency Thereof. - (a) The authority is hereby authorized to enter into a...

Section 14-2-30 - Facilities - Leasing - County, Municipal Corporation, Agency of Federal Government, Etc. - If at any time any facility constructed by the authority...

Section 14-2-30.1 - This Section Was Assigned by the Code Commissioner in the 2021 Special Session, Effective October 1, 2021. This Is Not in the Current Code Supplement. - The state, through any of its departments or agencies or...

Section 14-2-31 - Special Funds. - In the resolution or proceedings authorizing the issuance of any...

Section 14-2-32 - Exemption From Taxation. - The properties of the authority and the income therefrom, all...

Section 14-2-33 - Venue for Actions. - Any action to protect or enforce any rights under the...

Section 14-2-34 - Dissolution. - THIS SECTION WAS AMENDED BY ACT 2021-546 IN THE 2021...

Section 14-2-35 - Fees of Secretary of State. - There shall be no fees paid to the Secretary of...

Section 14-2-36 - Exemption From Competitive Bid Laws. - All leases of facilities made by the authority shall be...

Section 14-2-37 - Swap Agreements. - Notwithstanding any other provision of law, including without limitation Article...

Section 14-2-38 - This Section Was Assigned by the Code Commissioner in the 2021 Special Session, Effective October 1, 2021. This Is Not in the Current Code Supplement. - A person or entity submitting a proposal for any project...

Section 14-2-39 - This Section Was Assigned by the Code Commissioner in the 2021 Special Session, Effective October 1, 2021. This Is Not in the Current Code Supplement. - Nothing in Act 2021-546 shall be construed to limit the...

Section 14-2-40 - This Section Was Assigned by the Code Commissioner in the 2021 Special Session, Effective October 1, 2021. This Is Not in the Current Code Supplement. - (a) Prior to the closure of any facility as the...