Code of Alabama
Title 16 - Education.
Chapter 16 - Alabama Public School and College Authority.

Section 16-16-1 - Definitions. - For the purposes of this chapter, the following words and...

Section 16-16-2 - Legislative Findings of Fact and Declaration of Intent; Liberal Construction of Chapter. - The Legislature hereby makes the findings of fact and declaration...

Section 16-16-3 - Incorporation Authorized. - The Governor, the State Superintendent of Education and the Director...

Section 16-16-4 - Application for Incorporation. - (a) To become a corporation, the Governor, the State Superintendent...

Section 16-16-5 - Issuance and Recording of Certificate of Incorporation; No Fees to Be Paid. - When the application has been made, filed and recorded as...

Section 16-16-6 - Members, Officers and Directors; Quorum for Transacting Business; Effect of Death, Resignation or Expiration of Term; Salary; Record of Proceedings; Copies of Proceedings as Evidence. - The applicants named in the application and their respective successors...

Section 16-16-7 - Powers Generally. - The authority shall have the following powers: (1) To have...

Section 16-16-8 - Authority Empowered to Sell and Issue Bonds for Construction, etc., of Facilities for Public Educational Purposes; Procedure for Letting Contracts. - (a) The authority is hereby authorized from time to time...

Section 16-16-9 - Execution, Form, Terms and Conditions of Bonds; Sale; Refunding Bonds; Bonds to Be Limited Obligations; Security for Payment; Bonds as Negotiable Instruments; Exemption From Taxation; Bonds as Security for Deposits and for Investmen... - (a) The bonds of the authority shall be signed by...

Section 16-16-10 - Disposition of Proceeds of Bonds. - (a) The proceeds of all bonds, other than refunding bonds,...

Section 16-16-11 - Pledge of Revenues for Payment of Bonds. - (a) For the purpose of providing funds to enable the...

Section 16-16-12 - Payment of Principal and Interest on Bonds. - Out of the revenues appropriated and pledged in Section 16-16-1,...

Section 16-16-13 - Dissolution of Authority. - At any time when no bonds of the authority are...

Section 16-16-14 - Use of Bond Proceeds for Loans to Local Boards of Education. - The proceeds derived from the sale of any bonds issued...

Section 16-16-14.1 - Sale of Bonds and Other Details of Bonds. - From and after August 14, 2009, bonds issued by the...

Section 16-16-14.2 - Legislative Intent. - Act 2010-731 is adopted by the Legislature of the State...

Section 16-16-15 - Incentive Fund and Council. - (a) There is hereby created the Alabama Public School and...

Section 16-16-16 - Racial and Ethnic Diversity. - (a) The authority shall hire or contract with businesses or...

Section 16-16-17 - Swap Agreements. - Notwithstanding any other provision of law, including without limitation Article...