Code of Alabama
Title 16 - Education.
Chapter 18A - Private Colleges and Universities Facilities Authority.

Section 16-18A-1 - Short Title. - This chapter may be cited as the "Private Colleges and...

Section 16-18A-2 - Definitions. - As used in this chapter, the following words and terms...

Section 16-18A-3 - Creation of Authority; Members, Organization, Etc. - There is hereby created a public body corporate and politic...

Section 16-18A-4 - Powers and Duties. - The purpose of the authority shall be to assist institutions...

Section 16-18A-5 - Revenue Bonds - Issuance; Negotiable, Forms, Terms, etc.; Refunding Bonds; Security. - The authority shall have power and is hereby authorized from...

Section 16-18A-6 - Revenue Bonds - Contracts to Secure Payment. - As security for payment of the principal and interest on...

Section 16-18A-7 - Revenue Bonds - Creation of Statutory Mortgage Lien; Recording. - Any resolution of the authority or trust indenture under which...

Section 16-18A-8 - Use of Proceeds From Sale. - All moneys derived from the sale of any bonds issued...

Section 16-18A-9 - Exemptions From Taxation, Fees and Costs. - The property and income of the authority, all bonds issued...

Section 16-18A-10 - Venue and Jurisdiction. - The authority's legal situs or residence for the purpose of...

Section 16-18A-11 - Interest of Bondholders Protected; Enforceability. - While any of the revenue bonds issued by the authority...

Section 16-18A-12 - Moneys Considered Trust Funds. - All moneys received by the authority pursuant to this chapter...

Section 16-18A-13 - Title to Projects. - The authority may hold title to any project financed by...