Code of Alabama
Title 16 - Education.
Chapter 17A - University Authority Act of 2016.

Section 16-17A-1 - Short Title. - This chapter shall be known and may be cited as...

Section 16-17A-2 - Definitions. - For purposes of this chapter, the following terms shall have...

Section 16-17A-3 - Incorporation of Authority. - (a) In order to incorporate an authority, the sponsoring university...

Section 16-17A-4 - Articles of Incorporation - Requirements. - (a) In addition to any other matters relating to the...

Section 16-17A-5 - Articles of Incorporation - Amendments. - (a) The articles of incorporation of any authority may be...

Section 16-17A-6 - Board of Directors. - (a) Each authority shall have a board of directors composed...

Section 16-17A-7 - Officers. - (a) The officers of an authority shall consist of a...

Section 16-17A-8 - Powers of Authority. - (a) An authority shall have and may exercise any power...

Section 16-17A-9 - Eminent Domain. - An authority shall have, in addition to all other powers...

Section 16-17A-10 - Indebtedness. - (a) An authority from time to time may borrow money...

Section 16-17A-11 - Pledge of Revenues; Security Documents. - (a) Any pledge of any revenues of an authority or...

Section 16-17A-12 - Obligations of Authority. - (a) All agreements and covenants undertaken, and all indebtedness issued,...

Section 16-17A-13 - Investment in Indebtedness. - Indebtedness issued under the provisions of this chapter is hereby...

Section 16-17A-14 - Default in Payments. - (a) If there should be any default in the payment...

Section 16-17A-15 - Exemptions From Taxation. - Notwithstanding any provision of law to the contrary: (1) Any...

Section 16-17A-16 - Audits. - (a) Each authority shall engage a firm or firms of...

Section 16-17A-17 - Conveyance of Property, etc., to Authority; Pledge of Full Faith and Credit. - (a) The state, any university, any governmental entity, and any...

Section 16-17A-18 - Legislative Findings. - In support of and in furtherance of the powers granted...

Section 16-17A-19 - Sovereign Immunity; Damage Limitation. - (a) This chapter is not intended to extend or grant...

Section 16-17A-20 - Applicability of Other Laws. - Notwithstanding any other provision of law to the contrary: (1)...

Section 16-17A-21 - Reincorporation. - (a) Any public corporation that meets the criteria specified in...

Section 16-17A-22 - Disposition of Excess Revenues. - No part of the net earnings of an authority remaining...

Section 16-17A-23 - Dissolution of Authority. - (a) At any time when an authority does not have...

Section 16-17A-24 - Construction of Chapter. - The provisions of this chapter are cumulative and shall not...