Code of Alabama
Title 16 - Education.
Chapter 18 - Public Educational Building Authorities.

Section 16-18-1 - Definitions. - For the purposes of this chapter, the following words and...

Section 16-18-2 - Legislative Intent. - It is the purpose of the Legislature by this chapter...

Section 16-18-3 - Procedure to Incorporate. - (a) By proceeding in the manner set forth herein, any...

Section 16-18-4 - Amendments to Certificate of Incorporation. - (a) The certificate of incorporation of any authority incorporated under...

Section 16-18-5 - Board of Directors. - Each authority shall be governed by a board of directors....

Section 16-18-6 - Officers of Authority. - The officers of an authority shall consist of a chairman,...

Section 16-18-7 - Powers of Authority. - The authority shall have the following powers, together with all...

Section 16-18-8 - Location of Ancillary Improvements. - Any ancillary improvements of the authority may be located within...

Section 16-18-9 - Lease by Educational Institutions of Ancillary Improvements. - (a) Any one or more educational institutions in the state,...

Section 16-18-10 - Remedies Under Lease Agreements. - If there is any default in the payment of any...

Section 16-18-11 - Bonds of Authority. - (a) All bonds issued by the authority shall be signed...

Section 16-18-12 - Contracts to Secure Bonds and Assumed Obligations. - As security for payment of the principal of and interest...

Section 16-18-13 - Statutory Mortgage Lien. - Any resolution of the board or trust indenture under which...

Section 16-18-14 - Proceeds From Sale of Bonds. - All moneys derived from the sale of any bonds issued...

Section 16-18-15 - Cooperation; Aid From Other Public Bodies. - For the purpose of securing ancillary improvements in connection with...

Section 16-18-16 - Exemption From Taxation. - The authority, the property and income of the authority, all...

Section 16-18-17 - Freedom of Authority From State Supervision and Control. - This chapter is intended to aid the state in the...

Section 16-18-18 - Earnings of Authority. - The authority shall be a nonprofit corporation, and no part...

Section 16-18-19 - Investments in Bonds of Authority. - Unless otherwise directed by the court having jurisdiction thereof, or...

Section 16-18-20 - Notice of Bond Resolution. - Upon the adoption by the board of any resolution providing...

Section 16-18-21 - Dissolution of Authority and Vesting of Title to Its Properties. - At any time when the authority does not have any...