Code of Alabama
Title 41 - State Government.
Chapter 10 - Authorities.

Section 41-10-21 - Legislative Findings of Fact and Declaration of Intent; Construction of Article. - The Legislature hereby makes the following findings of fact and...

Section 41-10-22 - Authorization and Procedure for Incorporation. - The Secretary of the Alabama Department of Commerce, the Commissioner...

Section 41-10-23 - Filing of Application for Incorporation With Secretary of State; Contents and Execution Thereof; Filing and Recordation of Application by Secretary of State. - (a) To become the public corporation authorized by this article,...

Section 41-10-24 - Issuance and Recordation of Certificate of Incorporation by Secretary of State; Secretary of State to Receive No Fees in Connection With Incorporation, Dissolution, etc., of Authority. - (a) When the application has been made, filed and recorded...

Section 41-10-25 - Composition; Recordkeeping; Admissibility in Evidence. - (a) The applicants named in the application and their respective...

Section 41-10-26 - Powers of Authority Generally. - The authority shall have the following powers: (1) To have...

Section 41-10-26.1 - Exercise of Powers Granted to Airport Authorities. - Any industrial development authority organized and incorporated under the provisions...

Section 41-10-27 - Issuance and Sale of Bonds for Purpose of Making Grants for Certain Purposes Authorized; Terms and Conditions. - (a) The authority is hereby authorized from time to time...

Section 41-10-27.1 - State Preparation Grant Money for Raw or Completely Undeveloped Sites. - Notwithstanding any other provision of law to the contrary, a...

Section 41-10-27.2 - Appropriation of Funds for Payment of Industrial Development Site Grants. - Beginning in the fiscal year ending September 30, 2006, the...

Section 41-10-28 - Execution of Bonds and Interest Coupons; Form, Terms, Denominations, etc., of Bonds; Sale; Refunding Bonds; Liability Upon Bonds; Pledges of Certain Funds as Security for Payment of Principal and Interest on Bonds Generally; Bonds... - The bonds of the authority shall be signed by its...

Section 41-10-29 - Disposition of Proceeds From Sale of Bonds and Refunding Bonds. - The proceeds of all bonds, other than refunding bonds, issued...

Section 41-10-30 - Pledge and Appropriation of Certain Tax Receipts for Sinking Fund for Payment of Principal and Interest on Bonds. - For the purpose of providing funds to enable the authority...

Section 41-10-31 - Payment of Principal and Interest on Bonds and Maintenance of Records Pertaining Thereto by State Treasurer. - Out of the revenues appropriated and pledged in Section 41-10-30,...

Section 41-10-32 - Dissolution of Authority; Title to Property of Authority to Vest in State Upon Dissolution of Authority. - At any time when no bonds of the authority are...

Division 2 - State Ceiling.

Section 41-10-35 - Legislative Findings and Intent. - The Internal Revenue Code of 1986, as amended, imposes a...

Section 41-10-36 - Definitions. - Unless the context requires otherwise, the terms defined in this...

Section 41-10-37 - Allocation Procedure. - Allocations of the state ceiling shall be granted by the...

Section 41-10-38 - Allocation Formulae. - (a) The state ceiling for calendar year 1989 and thereafter...

Section 41-10-39 - Carryforward Allocation Procedure. - Applications for carryforward allocations may be submitted to the authority...

Section 41-10-40 - Duty of Fairness and Impartiality in Granting Allocations. - Anything contained in this division to the contrary notwithstanding, the...

Section 41-10-41 - Forms, Regulations, and Interpretations; Employment of Attorneys, Agents, Etc. - The authority may do all other things necessary or desirable...

Section 41-10-42 - Designation of Official for Certifications. - The president of the authority is hereby designated as the...

Section 41-10-43 - Confirmation of Prior Allocations. - All allocations of state ceiling applicable to the state made...

Article 2A - Additional Powers of State Industrial Development Authority.

Section 41-10-44.1 - Legislative Intent With Respect to Additional Powers of the Authority. - The Legislature has found and determined that the economic well-being...

Section 41-10-44.2 - Additional Definitions. - In addition to the definitions contained in Sections 41-10-20 and...

Section 41-10-44.3 - Additional Powers of Authority. - In addition to the powers granted to it in Section...

Section 41-10-44.4 - Determination of Approved Companies. - The authority shall promulgate criteria for the determination and selection...

Section 41-10-44.5 - Legislative Oversight of the Authority. - The criteria promulgated by the authority for the selection of...

Section 41-10-44.6 - Project Obligations Generally. - (a) Issuance of project obligations. The authority is authorized and...

Section 41-10-44.7 - Proceeds From the Sale of Project Obligations; Revenues and Other Funds. - (a) After making adequate provision for the payment of the...

Section 41-10-44.8 - Tax Credits, Job Development Fees and Other Incentives. - (a) Upon the issuance by the authority of its project...

Section 41-10-44.9 - Establishment of Tax Increment Funds. - In order to provide a method of financing project costs...

Section 41-10-44.10 - Refunding Obligations. - Any project obligations issued by the authority may from time...

Section 41-10-44.11 - Publication of Notice; Time Limitation on Actions Questioning Bonds or Proceedings. - Upon the adoption by the board of directors of the...

Section 41-10-44.12 - Requirement to Report to the Legislature. - The authority shall report annually to the Legislature as to...

Section 41-10-44.13 - Exemption From Certain Taxes and Fees. - The income and property of the authority, all project obligations...

Section 41-10-44.14 - No Notice, Approval, Public Hearing Required for Issuance of Obligations. - Except as may be expressly provided in this article, no...

Section 41-10-44.15 - Earnings of the Authority. - The authority is a nonprofit corporation and no part of...

Article 2B - Accelerate Alabama Act.

Section 41-10-45.1 - Definitions. - The following words and phrases shall have the following meanings...

Section 41-10-45.2 - Fund Created; Project Obligations. - (a) There is created the Accelerate Alabama Fund, which may...

Section 41-10-45.3 - Loans; Maximum Amount of Project Obligations; Refinancing; Investment of Funds. - (a) The authority may provide loans to an eligible borrower...

Section 41-10-45.4 - Repayment of Loans. - (a) In order to provide for the repayment of a...

Section 41-10-45.5 - Annual Report; Liability of State. - (a) The authority shall make an annual report to the...

Section 41-10-45.6 - Contracts; Promulgation of Regulations. - (a) The department and the authority may enter into contracts...

Article 2C

Section 41-10-46.01 - Investment by Qualified Funds. - (a) Any qualified fund may invest at least three percent...

Article 3 - Southern Products Mart Authority.

Section 41-10-50 - Short Title. - This article shall be known as and may be cited...

Section 41-10-51 - Definitions. - When used in this article, the following terms shall have...

Section 41-10-52 - Purpose of Article; Construction of Article. - It is the intention of the Legislature by the passage...

Section 41-10-53 - Authority and Procedure for Incorporation of Authority; Members, Officers and Directors of Authority; Reduction to Writing, Recordation and Admissibility in Evidence of Proceedings of Board of Directors. - (a) The Director of Finance, the Secretary of the Alabama...

Section 41-10-54 - Powers of Authority Generally; Acquisition by Eminent Domain of Real Property or Rights Owned by Railroads or Utilities Not Authorized. - (a) The authority shall have the following powers: (1) To...

Section 41-10-55 - Issuance and Sale of Bonds Authorized Generally; Form, Terms, Denominations, etc., Thereof; Bonds to Be Deemed Negotiable Instruments; Redemption. - Bonds of the authority may be sold from time to...

Section 41-10-56 - Resolution Authorizing Issuance of Bonds to Contain Recital as to Authority for Issuance; Notice of Passage of Resolution; Limitation Period and Venue for Actions to Contest Validity of Resolutions, Bonds, Etc. - (a) Any resolution authorizing any bonds under this article shall...

Section 41-10-57 - Execution and Delivery of Bonds and Interest Coupons. - The bonds shall be signed by the president of the...

Section 41-10-58 - Sale of Bonds; Public Hearing or Consent of Department of Finance, etc., Not a Prerequisite to Issuance of Bonds. - (a) Any of the bonds may be sold at any...

Section 41-10-59 - Refunding Bonds. - Subject to the provisions contained in this article, the authority...

Section 41-10-60 - Disposition of Proceeds From Sale of Bonds and Refunding Bonds. - (a) The authority shall pay out of the proceeds from...

Section 41-10-61 - Exemption From Taxation of Bonds, Properties, Income, etc., of Authority; Use of Bonds as Security for Deposits of State Funds; Investment of Trust Funds in Bonds. - (a) The properties of the authority and the income therefrom...

Section 41-10-62 - Liability Upon Bonds, Debts, Agreements, etc., of Authority. - All debts assumed or created by the authority and all...

Section 41-10-63 - Authority and Procedure for Pledge of Revenues of Authority and Creation of Statutory Lien Upon Facilities and Properties Thereof for Payment of Principal and Interest on Bonds; Remedies Upon Default in Payment of Principal or Inte... - (a) In the proceedings authorizing the issuance of any of...

Section 41-10-64 - Special and Continuing Trust Fund for Payment of Principal and Interest on Bonds of Authority and Maintenance, etc., of Facilities Thereof. - For the purpose of providing funds for the payment of...

Section 41-10-65 - Payment of Principal and Interest on Bonds and Maintenance of Records Pertaining Thereto by State Treasurer. - Out of the revenues referred to in Section 41-10-64, the...

Section 41-10-66 - Annual Audit of Books and Accounts of Authority; Disposition of Reports Thereof. - At least once every 12 months subsequent to the formation...

Section 41-10-67 - Awarding, etc., of Contracts for Construction of Facilities, Buildings and Structures; Supervision, etc., of Construction; Payments to Contractors; Agreement of Authority and Building Commission as to Construction Cost Estimate. - All facilities, buildings and structures constructed by the authority shall...

Section 41-10-68 - Leasing of Buildings, Facilities and Structures. - The authority and any person are hereby authorized to enter...

Section 41-10-69 - Conveyance of Lands, Buildings, Properties, etc., of Authority to State Upon Payment in Full of Bonds, etc.; Dissolution of Authority. - (a) When all bonds issued by the authority and all...

Article 4 - State Products Mart and Coliseum Authorities.

Section 41-10-80 - Short Title. - This article shall be known and may be cited as...

Section 41-10-81 - Definitions. - When used in this article, the following terms shall have...

Section 41-10-82 - Purpose of Article; Construction of Article Generally. - It is the intention of the Legislature by the passage...

Section 41-10-83 - Application for Authority to Incorporate; Adoption by Governing Body of Resolution Authorizing Formation of Corporation. - In the event that any number of natural persons, not...

Section 41-10-84 - Contents of Certificate of Incorporation Generally; Adoption of Resolution by Governing Body Approving Form and Contents of Certificate of Incorporation. - (a) The certificate of incorporation of the corporation shall state:...

Section 41-10-85 - Execution of Certificate of Incorporation; Filing of Certificate of Incorporation, Resolution of Governing Body, etc., With Probate Judge and Recordation Thereof by Probate Judge. - (a) The certificate of incorporation shall be signed and acknowledged...

Section 41-10-86 - Amendment of Certificate of Incorporation. - The certificate of incorporation may at any time and from...

Section 41-10-87 - Board of Directors of Corporation - Composition; Qualifications, Reelection, etc., of Members; Vacancies; Quorum; Compensation and Expenses of Members; Reduction to Writing, Recordation and Admissibility in Evidence of Proceedings... - The corporation shall have a board of directors composed of...

Section 41-10-88 - Board of Directors of Corporation - Election and Terms of Office of Members Generally. - The governing body shall elect the number of directors provided...

Section 41-10-89 - Board of Directors of Corporation - Appointment of Additional Members to Board by Governor; Terms of Office, etc., of Additional Members. - In the event that there shall be provided to the...

Section 41-10-90 - Officers of Corporation. - The officers of the corporation shall consist of a chairman,...

Section 41-10-91 - Powers of Corporation - Generally. - The corporation shall have the following powers, together with all...

Section 41-10-92 - Powers of Corporation - Eminent Domain. - The corporation shall have the same powers of eminent domain...

Section 41-10-93 - Authority for Issuance of Bonds by Corporation; Liability Upon Bonds; Form, Terms, Denominations, etc.; Redemption; Sale; Payment of Expenses in Connection With Authorization, Sale and Issuance; Bonds to Contain Recital as to Autho... - The corporation is authorized at any time and from time...

Section 41-10-94 - Notice of Resolution Authorizing Issuance of Bonds; Limitation Period for Actions Contesting Validity of Bonds, Etc. - (a) Upon the adoption by the board of any resolution...

Section 41-10-95 - Execution and Delivery of Bonds and Interest Coupons. - All bonds shall be signed by the chairman or vice-chairman...

Section 41-10-96 - Security for Payment of Principal and Interest on Bonds. - The principal of and interest on the bonds shall be...

Section 41-10-97 - Disposition of Proceeds From Sale of Bonds Generally. - The proceeds derived from the sale of any bonds, other...

Section 41-10-98 - Proceeds of Bonds Not to Be Used for Payment of Fees, Commissions, etc., for Services in Sale, Issuance, Execution, etc., of Bonds; Maximum Amount Payable to Attorneys for Services Rendered. - No part of any of the proceeds of the bonds...

Section 41-10-99 - Refunding Bonds. - The corporation may at any time and from time to...

Section 41-10-100 - Investment of Surplus, etc., County Funds in Bonds of Corporation. - The governing body is authorized in its discretion to invest...

Section 41-10-101 - Investment in Bonds of Corporation by Savings Banks, Insurance Companies, Trustees, Etc. - Bonds issued under the provisions of this article are hereby...

Section 41-10-102 - Remedies Upon Default on Bonds, Etc. - (a) Remedies upon default on bonds or indenture. If there...

Section 41-10-103 - Leasing of Projects. - (a) Leases to municipality, county or state. The corporation, the...

Section 41-10-104 - Conduct of Sporting Events, Exhibits, etc., in Projects. - The corporation or any lessee of the project or a...

Section 41-10-105 - Conveyances of Property to Corporation by Municipality, County or State Authorized. - The municipality, the county and the state are hereby respectively...

Section 41-10-106 - Appropriations to Corporation by Municipality or County Authorized; Limitations. - The municipality and the county are hereby each respectively authorized...

Section 41-10-107 - Exemption From Taxation of Bonds, Income, Projects, etc., of Corporation. - Each project and the income from all leases made with...

Section 41-10-108 - Dissolution of Corporation and Vesting of Title to Properties Thereof Upon Dissolution; Vesting of Title to Projects Upon Payment in Full of Bonds Pertaining Thereto; Formation of Corporation Not to Prevent Subsequent Formation of... - (a) At any time when the corporation does not have...

Section 41-10-109 - Construction of Article. - This article shall not be construed as a restriction or...

Article 5 - Historical Preservation Authorities.

Section 41-10-135 - Short Title. - This article shall be known and cited as the Historical...

Section 41-10-136 - Definitions. - The following words and phrases used in this article and...

Section 41-10-137 - Purposes for Which Authorities May Be Formed. - Public corporations may be formed under the provisions of this...

Section 41-10-138 - Application for Authority to Incorporate; Contents; Review of Application and Issuance of Executive Order by Governor. - (a) In order to form a public corporation under the...

Section 41-10-139 - Filing Certificate of Incorporation With Secretary of State; Contents, Execution, Recordation, Etc. - (a) After the date of issuance by the Governor of...

Section 41-10-140 - Board of Directors; Appointment, Terms, Vacancies, Reappointment, Expenses, Removal, Etc. - Each authority shall be governed by a board of directors...

Section 41-10-141 - Powers and Duties of Authority Generally. - An authority shall have the following powers, together with all...

Section 41-10-142 - Bonds - Issuance; Form, Terms, Denominations, etc.; Sale; Refunding Bonds; Negotiable; Security for Payment. - All bonds issued by an authority may be executed by...

Section 41-10-143 - Bonds - Contracts to Secure Payment of Principal and Interest. - As security for payment of the principal and interest on...

Section 41-10-144 - Bonds - Statutory Mortgage Lien to Secure Payment of Principal and Interest; Recording Notice. - Any resolution of the board or trust indenture under which...

Section 41-10-145 - Bonds - Use of Proceeds From Sale. - All moneys derived from the sale of any bonds issued...

Section 41-10-146 - Loans, Sales, Grants, etc., of Money, Property, etc., to Authority by Counties, Municipalities, Etc. - For the purpose of effecting the restoration, renovation, preservation, improvement,...

Section 41-10-147 - Exemption From Taxation, Fees and Costs. - Each authority formed under this article, the property and income...

Section 41-10-148 - Reports by Authority to Governor. - Each authority shall submit to the Governor a detailed report...

Section 41-10-149 - Construction of Article Generally; Certain Provisions Exclusive. - This article is intended to aid the state in the...

Section 41-10-150 - Dissolution of Authority; Title to Property Vests in State. - At any time when no bonds or obligations assumed by...

Section 41-10-151 - Authority Organized Under Former Law Valid; Reincorporation Under This Article. - Any authority organized under Acts 1978, No. 822, p. 1213...

Section 41-10-152 - Historical Preservation Authorities - to Be Nonprofit Corporations; Distribution of Net Earnings. - Each authority heretofore or hereafter organized pursuant to Sections 41-10-135...

Section 41-10-153 - Historical Preservation Authorities - Exempt From Usury or Other Interest Limiting Laws. - Each such authority is and shall be exempt from the...

Section 41-10-154 - Application of Sections 41-10-152 Through 41-10-154; Provisions Not Retrospectively Validating. - The provisions of Sections 41-10-152 through 41-10-154 shall apply both...

Article 6 - Historic Blakeley Authority.

Section 41-10-170 - Creation and Purposes. - There is hereby created the Historic Blakeley Authority: (1) To...

Section 41-10-171 - Composition; Appointment, Terms, Vacancies, Etc. - The authority shall be composed of 21 members as follows:...

Section 41-10-172 - Pay, Emoluments, and Expenses of Members of the Authority. - No member of the authority shall receive any pay or...

Section 41-10-173 - Charging, Receiving, or Obtaining of Fees, etc., From the Authority by Members, Employees, etc.; Interests Held by Members, Employees, etc., in Land, Materials, or Contracts Sold To, Made With, etc., the Authority. - It shall be unlawful for any member of the authority...

Section 41-10-174 - Meetings; Quorum; Organization and Procedure of the Authority; Official Seal; Election and Terms of Office of Chairman, Vice-Chairman, Secretary and Treasurer; Bonding Requirements for Treasurer. - (a) The authority shall hold an annual meeting at Blakeley...

Section 41-10-175 - Powers and Duties of Authority Generally. - The authority shall constitute a body corporate and shall have,...

Section 41-10-176 - Power to Take Possession Under Lease, etc., of Property Within the Blakeley National Register Site; Power to Lease, Purchase, etc., Any Property in Order to Fulfill the Purposes of the Authority, Power to Borrow Money, Issue Reven... - (a) The authority is authorized to take possession under a...

Section 41-10-177 - Duty to Facilitate Exhibition of Park and Historic Site to the Public; Admission Charges; Agreements With Other Groups or Organizations Relative to Management of the Park and Historic Site; Authority to Accept Gratuitous Services. - (a) The authority shall operate or provide for the operation...

Section 41-10-178 - Appropriation of Public Funds and Construction and Maintenance of Roads and Other Public Facilities, etc., for the Authority by Counties and Municipalities. - The county commission of any county or governing body of...

Section 41-10-179 - Taxation of Income, Property, Leases, Bonds, etc., of the Authority. - The authority shall have a tax-exempt status, and the properties...

Section 41-10-180 - Participation of Employees of the Authority in Insurance Programs Provided for State Employees; Payment of Contributions for Such Insurance. - (a) All full-time employees of the authority shall be treated...

Section 41-10-181 - Authority as State Agency; Control Over Blakeley Site, Historic Park, etc.; Promulgation, Alteration, etc., of Rules and Regulations Concerning Preservation, etc., of Blakeley Historic Site; Penalty for Violation of Rules or Regul... - (a) The authority shall be a state agency, and shall...

Section 41-10-182 - Reaffirmation of Charter of Town of Blakeley; Recognition as Municipality; Boundaries; Persons Recognized as Citizens for Purposes of Electing Town Officials and Conducting Town Business; Authority as Governing Body of Town of Bla... - The original charter of the Town of Blakeley by act...

Article 7 - Alabama Shakespeare Festival Theatre Finance Authority.

Section 41-10-200 - Declaration of Purpose and Legislative Findings. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-201 - Definitions. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-202 - Incorporation of Authority; Procedure. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-203 - Board of Directors; Members; Terms; Vacancies; Qualifications; Expenses; Quorum; Impeachment; Copies of Proceedings as Evidence. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-204 - Officers. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-205 - Powers of Authority; Open Meetings Required. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-206 - Bonds. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-207 - Proceeds From Sale of Bonds. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-208 - Refunding Bonds. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-209 - Exemption From Taxation. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-210 - Exemption From Usury and Interest Laws. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-211 - Freedom of Authority From State Supervision and Control; Inapplicability of Code of Ethics. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-212 - Exemption From Competitive Bid Laws. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-213 - Dissolution of Authority and Vesting of Title to Its Property. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-214 - Article Cumulative. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Section 41-10-215 - Liberal Construction of Article. - REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE...

Article 8 - Africatown, u.s.a. State Park and Historic Preservation Authority.

Section 41-10-230 - Short Title. - This article shall be known and cited as "The Africatown,...

Section 41-10-231 - "Authority" Defined. - The word "authority" as used throughout this article shall mean...

Section 41-10-232 - Africatown, u.s.a. State Park to Be Included in Listings of State Parks; Use of Park. - In order to preserve and interpret to the public the...

Section 41-10-233 - Africatown, u.s.a. State Park Established; Description of Boundaries. - There is hereby established in the City of Prichard, Alabama,...

Section 41-10-234 - Agreements With City of Prichard as to Development, Administration, etc., of Park. - The Governor is authorized to enter into agreements with the...

Section 41-10-235 - Commemorative Markers and Plaques. - The State of Alabama, in recognition of the Africatown, U.S.A....

Section 41-10-236 - State Advisory Committee to Africatown, u.s.a. State Park. - There is hereby established a state advisory committee to the...

Section 41-10-237 - Functions of Institute of Ethnic Science and Technology as to Black Heritage Resources and Programs. - The Institute of Ethnic Science and Technology shall serve as...

Section 41-10-238 - Establishment of Africatown, u.s.a. Historic Preservation Authority; Duties. - In accordance with "The Historical Preservation Authorities Act of 1979,"...

Section 41-10-239 - Property Rights Not to Be Affected by Article; Sections Imposing Licensing Requirements, Taxes, etc., Are Void if Such Requirements Not Otherwise Imposed. - It is the intent of this article that it shall...

Section 41-10-240 - Injunction to Protect Property Interests Under Section 41-10-239. - Any person who has any interest in real, personal, or...

Article 9 - Alabama Judicial Building Authority.

Section 41-10-260 - Definitions. - The following terms, wherever used in this article, shall have...

Section 41-10-261 - Legislative Intent; Liberal Construction. - It is the intent of the Legislature by the passage...

Section 41-10-262 - Authority to Incorporate. - The Governor, the Director of Finance, the Lieutenant Governor, the...

Section 41-10-263 - Procedure for Incorporation. - To become a corporation, the Governor, the Director of Finance,...

Section 41-10-264 - Certificate of Incorporation; No Fees for Incorporation or Dissolution. - When the application has been made, filed, and recorded as...

Section 41-10-265 - Members, Directors and Officers of Authority; Quorum; Vacancies; No Additional Salary for Service to Authority; Effect of Resolutions; Record of Proceedings; Establishment of Legislative Oversight Committee. - The applicants named in the application and their respective successors...

Section 41-10-266 - Meetings of Board of Directors. - The board of directors of the authority shall meet at...

Section 41-10-267 - Powers of Authority. - The authority shall have the following powers among others specified...

Section 41-10-268 - Authorization, Issuance and Sale of Bonds. - The authority is hereby authorized from time to time to...

Section 41-10-268.1 - Issuance of Bonds - 2007 Authorization. - (a) As used in this section, the following terms shall...

Section 41-10-269 - Execution of Bonds. - All bonds of the authority shall be signed by its...

Section 41-10-270 - Use of Proceeds From Sale of Bonds. - All proceeds derived from the sale of any bonds (except...

Section 41-10-271 - Acquisition, Construction, etc., of Judicial Facilities; Award of Contract; Payments Under Contract; Building Commission Expenses; Revision of Plans. - The authority shall proceed with the acquisition, construction, installation and...

Section 41-10-272 - Creation of Fund for Payment of Bonds. - For the purpose of providing funds for the payment of...

Section 41-10-273 - Security for Bonds; Collection and Application of Revenues Pledged to Payment of Bonds; Terms of Leases of Judicial Facilities; Maintenance and Insurance of Judicial Facilities; Reserve and Other Funds; Rights of Holders of Bonds... - Any resolution of the board of directors authorizing the issuance...

Section 41-10-274 - State Treasurer to Disburse Funds for Payment of Bonds. - From the fund to be pledged pursuant to Section 41-10-272...

Section 41-10-275 - Terms and Conditions of Leasing by Authority. - The authority, as lessor, and the Unified Judicial System, as...

Section 41-10-276 - Investment of Proceeds From Sale of Bonds; Disposition of Investment Income. - Any portion of the principal proceeds derived from the sale...

Section 41-10-277 - Refunding Bonds. - Any bonds issued by the authority may from time to...

Section 41-10-278 - Presumption of Validity of Bonds and Publication of Notice Thereof; Civil Action Challenging Validity. - Any resolution authorizing any bonds hereunder shall contain a recital...

Section 41-10-279 - Exemption From Taxation. - The properties of the authority and the income therefrom, all...

Section 41-10-280 - Bonds Constitute Negotiable Instruments; Registration of Transfers. - All bonds (and income therefrom) issued by the authority shall...

Section 41-10-281 - Obligations Not Debt of State. - All contracts made, obligations incurred and bonds issued by the...

Section 41-10-282 - Bonds Are Lawful Security for State Deposits; Investment of State, Retirement, and Other Fiduciary Funds in Bonds of Authority. - Any bonds issued by the authority may be used by...

Section 41-10-283 - Earnings of Authority. - The authority shall be a nonprofit corporation, and no part...

Section 41-10-284 - Dissolution of Authority. - At any time when the bonds and other obligations of...

Article 10 - Alabama Space Science Exhibit Finance Authority.

Section 41-10-300 - Definitions. - For the purposes of this article, the following terms shall...

Section 41-10-301 - Purpose of Article and Construction. - It is the intent of the Legislature, by the passage...

Section 41-10-302 - Incorporation of Authority. - Any three individual citizens of the state selected for such...

Section 41-10-303 - Certificate of Incorporation - Application. - To become a corporation, the three individuals selected pursuant to...

Section 41-10-304 - Certificate of Incorporation - Issuance. - When the application has been made, filed and recorded as...

Section 41-10-305 - Members; Officers; Directors; Quorum; Vacancies; Salaries and Expenses; Liability. - The applicants named in the application and their respective successors...

Section 41-10-306 - Resolutions and Proceedings of Board of Directors. - All resolutions adopted by the board of directors shall constitute...

Section 41-10-307 - Powers of Authority. - The authority shall have the following powers among others specified...

Section 41-10-308 - Temporary Loans in Anticipation of Issuance of Bonds. - In anticipation of issuance of bonds under this article, the...

Section 41-10-309 - Execution of Bonds and Notes. - The bonds and notes of the authority shall be executed...

Section 41-10-310 - Authority to Issue Bonds. - For the purpose of providing funds for the acquisition of...

Section 41-10-311 - Authority to Issue Refunding Bonds. - The authority may, from time to time, sell and issue...

Section 41-10-312 - Specifications and Priority of Bonds. - Any bonds of the authority may be executed and delivered...

Section 41-10-313 - Price of Bonds; Competitive Bidding; Notice of Sale; Expenses of Sale. - Bonds of the authority may be sold at such price...

Section 41-10-314 - Investment of Trust Funds in Bonds of Authority. - Any trust fund, where the investment thereof is permitted or...

Section 41-10-315 - Security for Deposit of Governmental Funds. - Any bonds issued by the authority may be used by...

Section 41-10-316 - Disposition of Proceeds of Bonds. - (a) All proceeds derived from the sale of any bonds,...

Section 41-10-317 - Investment of Proceeds. - Any portion of the principal proceeds derived from the sale...

Section 41-10-318 - Security for Bonds. - The principal of, premium, if any, and interest on the...

Section 41-10-319 - Rights of Holders of Bonds Upon Default. - If there be any default by the authority in the...

Section 41-10-320 - Bonds and Coupons Deemed Negotiable Instruments. - All bonds issued by the authority, while not registered, shall...

Section 41-10-321 - Obligations, Bonds and Notes Not Debts of State. - All obligations incurred by the authority and all bonds and...

Section 41-10-322 - Conveyance of Property by Commission; Right to Possession. - The chairman of the commission is authorized upon direction and...

Section 41-10-323 - Plans for Construction of Facilities. - All facilities constructed by the authority shall be constructed according...

Section 41-10-324 - Leasing to Commission and Other Agencies. - (a) The authority is hereby authorized to enter into a...

Section 41-10-325 - Lease of Vacant Facilities to Prevent Default on Bonds. - If at any time any facility constructed or acquired by...

Section 41-10-326 - Special Funds for Payment of Bonds, Insurance, and Other Expenses. - In the resolution or proceedings authorizing the issuance of any...

Section 41-10-327 - Exemption From Taxation. - The properties of the authority and the income therefrom, all...

Section 41-10-328 - Venue for Actions. - Any action to protect or enforce any rights under the...

Section 41-10-329 - No Fees for Incorporation or Dissolution. - There shall be no fees paid to the Secretary of...

Section 41-10-330 - Dissolution. - When all bonds and securities issued by the authority and...

Section 41-10-331 - Exemption of Leases of Facilities From Competitive Bid Laws. - All leases of facilities made by the authority shall be...

Section 41-10-332 - Exemption From Sunset Law. - The authority shall not be governed by the provisions of...

Article 11 - Alabama Mental Health Finance Authority.

Section 41-10-350 - Legislative Findings and Purpose. - The Legislature hereby finds and declares that it is necessary,...

Section 41-10-351 - Definitions. - The following terms hereafter used in this article shall have...

Section 41-10-352 - Authority for Incorporation of Alabama Mental Health Finance Authority; Members. - The Governor, the commissioner, the Director of Finance, the chairman...

Section 41-10-353 - Application for Authority to Incorporate. - To become a corporation, the Governor, the commissioner, the Director...

Section 41-10-354 - Certificate of Incorporation; No Fee or Compensation to Secretary of State. - When the application has been made, filed, and recorded as...

Section 41-10-355 - Members of Authority; Officers; Payment of Bonds of Authority; Quorum; Vacancies; Compensation; Record of Proceedings and Use Thereof as Evidence; Meetings. - The applicants named in the application and their respective successors...

Section 41-10-356 - Powers of Authority. - The authority shall have the following powers among others specified...

Section 41-10-357 - Authorization to Issue Bonds; Limitation on Use of Proceeds. - For the purpose of acquiring, constructing, installing and equipping mental...

Section 41-10-358 - Form, Terms, Denominations, etc., of Bonds; Limitation on Maturity Date, Redemption. - The bonds, which may be issued in one or more...

Section 41-10-359 - Execution and Delivery of Bonds; Designation of Bonds for Community Facilities. - The bonds shall be signed by the president of the...

Section 41-10-360 - Sale of Bonds at Public Auction; Rejection of Bids; Notice of Sale; Terms and Conditions of Sale; Expenses, Fees, etc.; Recital That Bonds Issued Pursuant to Article. - Each series of the bonds shall be sold at such...

Section 41-10-361 - Liability Upon Bonds of Authority; Authorization of Authority to Pledge for Payment of Principal and Interest of Bonds; Bonds Deemed Negotiable Instruments. - The bonds shall not be general obligations of the authority...

Section 41-10-362 - Exemption From Taxation of Bonds and Income of Authority; Use of Bonds as Security for Deposits of State Funds; Investment of Trust Funds in Bonds. - The bonds and the income therefrom shall be exempt from...

Section 41-10-363 - Refunding Bonds; Proceeds of Sale of Refunding Bonds. - Any bonds issued by the authority under this article may...

Section 41-10-364 - Proceeds of Bonds, Other Than Refunding Bonds; Special Fund to Pay Costs of Acquisition, Construction, etc., of Mental Health Facilities; Such Work Supervised by Building Commission; Such Work Subject to Competitive Bidding; Dispo... - The proceeds of the bonds, other than refunding bonds, remaining...

Section 41-10-365 - Sinking Fund for Payment of Principal and Interest on Bonds of Authority. - For the purpose of providing funds to enable the authority...

Section 41-10-366 - Contracts, etc., Do Not Create Obligations of State. - All contracts made, obligations incurred and bonds issued by the...

Section 41-10-367 - Investment of Surplus Proceeds From Sale of Bonds; Disbursement of Income Derived From Such Investments. - Any portion of the principal proceeds derived from the sale...

Section 41-10-368 - Authority Is Nonprofit Corporation. - The authority shall be a nonprofit corporation, and no part...

Section 41-10-369 - Dissolution of Authority; Disposition of Property Upon Dissolution of Authority. - At any time when the bonds and other obligations of...

Section 41-10-370 - Payment of Principal and Interest on Bonds and Maintenance of Records Pertaining Thereto by State Treasurer. - Out of the revenues appropriated and pledged in Section 41-10-365...

Section 41-10-371 - Power of Authority to Pay and Make Agreements With the United States to Exempt Interest of Bonds From Federal Income Tax. - The authority shall have the power to make such payments...

Article 12 - Alabama Supercomputer Authority.

Section 41-10-390 - Short Title. - This article shall be known as the Alabama Supercomputer Authority...

Section 41-10-391 - Legislative Findings of Fact and Declaration of Intent; Construction of Article. - The Legislature hereby makes the following findings of fact and...

Section 41-10-392 - Authorization and Procedure for Incorporation Generally. - The Governor, the Director of Finance, the Secretary of the...

Section 41-10-393 - Filing of Application for Incorporation With Secretary of State; Contents and Execution Thereof; Filing and Recordation of Application by Secretary of State. - To become a public corporation, the Governor, the Director of...

Section 41-10-394 - Issuance and Recordation of Certificate of Incorporation by Secretary of State; Secretary of State to Receive No Fees in Connection With Incorporation, Dissolution, etc., of Authority. - When the application has been made, filed and recorded as...

Section 41-10-395 - Board of Directors; Composition; Actions of the Authority; Record of Proceedings. - (a) The authority shall be governed by a board of...

Section 41-10-396 - Powers of Authority Generally. - The authority shall have the following powers among others specified...

Section 41-10-397 - Employment of a Chief Executive Officer and Staff. - The authority may employ a chief executive officer who shall...

Section 41-10-398 - Authority to Have No Proprietary Interest in Intellectual Property. - The authority and its employees shall have no proprietary interest...

Section 41-10-399 - Confidentiality of Data; Inapplicability of Public Record Laws; Use of Data by Authority; Requirements for Contractual Agreements for Supercomputer Services. - (a) The privacy, security and confidentiality of data collected, stored,...

Section 41-10-400 - Establishment of the "Supercomputer System fund." - There is hereby established in the State Treasury a special...

Section 41-10-401 - Exemption From Taxation of Properties, Income, etc., of Authority. - The properties of the authority and the income therefrom, all...

Section 41-10-402 - Liability Upon Contracts, Obligations, etc., of Authority. - All contracts made and obligations incurred by the authority shall...

Section 41-10-403 - Operation of Authority as Nonprofit Corporation. - The authority shall be a nonprofit corporation, and no part...

Section 41-10-404 - Transfer of Certain Assets to Authority. - Upon issuance of the certificate of incorporation, any unencumbered funds...

Section 41-10-405 - Duplication of Services to Be Avoided. - The authority shall not duplicate the services provided to agencies,...

Section 41-10-406 - Dissolution of Authority; Title to Property of Authority to Rest in State Upon Dissolution of Authority. - At any time when the incorporators named in Section 41-10-393...

Article 13 - Real Estate Commission Building Authority.

Section 41-10-420 - Legislative Intent. - The Legislature finds that the Real Estate Commission has acquired...

Section 41-10-421 - Real Estate Commission Building Authority Established; Composition; Powers. - There is hereby established the Real Estate Commission Building Authority...

Section 41-10-422 - Commission to Become Public Corporation. - To become a public corporation, the Governor, the Chairman of...

Section 41-10-423 - Certificate of Incorporation. - When the application has been made, filed and recorded as...

Section 41-10-424 - Board of Directors. - (a) The authority shall be governed by a board of...

Section 41-10-425 - Powers of the Authority. - The authority shall have the following powers among others specified...

Section 41-10-426 - Notes of the Authority. - The notes of the authority shall be executed by the...

Section 41-10-427 - Authority Authorized to Sell, Rent, etc., Set Charges or Rents or Make Rent Adjustments Necessary to Meet Obligations. - For the purpose of providing funds for the acquisition and...

Section 41-10-428 - Resolutions Adopted and All Proceedings of Board of Directors to Be Recorded and Filed; Copies Received in All Courts as Prima Facie Evidence. - All resolutions adopted by the board of directors shall constitute...

Section 41-10-429 - Properties, etc., Forever Exempt From Any and All Taxation. - The properties of the authority and the income therefrom, all...

Section 41-10-430 - Contracts and Obligations Not Debts of State. - All contracts made and obligations incurred by the authority shall...

Section 41-10-431 - Authority as Nonprofit Corporation. - The authority shall be a nonprofit corporation, and no part...

Section 41-10-432 - Funds Appropriated for Alabama Real Estate Commission Building Authority Fund; State to Have No Further Obligations or Rights After Property, Contracts, etc., Assigned, Transferred or Conveyed. - Upon issuance of the certificate of incorporation, all funds appropriated...

Section 41-10-433 - Dissolution of Authority. - At any time when the incorporators named in this article...

Article 14 - Alabama Building Renovation Finance Authority.

Section 41-10-450 - Legislative Intent. - It is the intent of the Legislature by the passage...

Section 41-10-451 - Definitions. - (1) AUTHORITY. The public corporation organized pursuant to the provisions...

Section 41-10-452 - Power to Incorporate. - The Governor, the Director of Finance, and the State Treasurer...

Section 41-10-453 - Provisions for Incorporation. - To become a corporation, the Governor, the Director of Finance,...

Section 41-10-454 - Consummation of Incorporation. - When the application has been made, filed, and recorded as...

Section 41-10-455 - Members, Directors and Officers of Authority. - The applicants named in the application and their respective successors...

Section 41-10-456 - Powers of Authority. - The authority shall have the following powers among others specified...

Section 41-10-457 - Power of Condemnation. - The authority shall have the same powers of eminent domain...

Section 41-10-458 - Authorization of Bonds. - The authority is hereby authorized from time to time to...

Section 41-10-458.1 - Definitions; Additional Authorization. - (a) Definitions. The following terms, whenever used in Act 98-245,...

Section 41-10-458.2 - Issuance of Bonds - 2006 Authorization. - (a) Definitions. The following terms, whenever used in Act 2006-618,...

Section 41-10-459 - Refunding Bonds. - The authority may from time to time sell and issue...

Section 41-10-460 - Execution of Bonds. - All bonds of the authority shall be signed by its...

Section 41-10-461 - Sale of Bonds. - Bonds may be sold by the authority from time to...

Section 41-10-462 - Bonds of Authority. - Any bonds of the authority may be executed and delivered...

Section 41-10-463 - Investment of Proceeds From Sale of Bonds. - Any portion of the principal proceeds derived from the sale...

Section 41-10-464 - Exemption From Taxation. - The properties of the authority and the income therefrom, all...

Section 41-10-465 - Bonds Constitute Negotiable Instruments. - All bonds issued by the authority shall be construed to...

Section 41-10-466 - Obligations Not Debt of State. - All obligations incurred by the authority and all bonds issued...

Section 41-10-467 - Bonds May Be Used to Secure Deposit and for Investment of Fiduciary Funds. - The state and all public officers, municipal corporations, political subdivisions,...

Section 41-10-468 - Use of Proceeds From Sale of Bonds. - All proceeds derived from the sale of any bonds (except...

Section 41-10-469 - Use of Proceeds of Refunding Bonds. - The proceeds of refunding bonds shall be applied, together with...

Section 41-10-470 - Conveyance to Authority by State. - The Governor of Alabama is authorized to execute and deliver...

Section 41-10-471 - Creation of Fund for Benefit of Bonds. - For the purpose of providing funds for the payment of...

Section 41-10-472 - Pledge and Lien for Benefit of Bonds. - In the proceedings authorizing the issuance of any of its...

Section 41-10-473 - State Treasurer to Disburse Funds. - Out of the revenues referred to in Section 41-10-471, the...

Section 41-10-474 - Terms and Conditions of Leasing by Authority; Delinquent Lease Payments. - The authority and the executive head of any agency, board,...

Section 41-10-475 - Presumption of Validity of Bonds and Publication of Notice Thereof. - Any resolution authorizing any bonds hereunder shall contain a recital...

Section 41-10-476 - Power to Make Payments and to Make Agreements Respecting Investment of Funds. - The authority shall have the power to make such payments...

Section 41-10-477 - Dissolution of Authority. - When all securities issued by the authority and all obligations...

Article 15 - Alabama State Parking Deck Authority.

Section 41-10-490 - Definitions. - For the purposes of this article, the following terms shall...

Section 41-10-491 - Purpose of Article and Construction. - It is the intent of the Legislature, by the passage...

Section 41-10-492 - Authority as Public Corporation. - The state Finance Director, the state Budget Officer and one...

Section 41-10-493 - Application for Certificate of Incorporation. - To become a corporation, the individuals selected pursuant to Section...

Section 41-10-494 - Certificate of Incorporation. - When the application has been made, filed and recorded as...

Section 41-10-495 - Members; Directors; Quorum; Vacancies; Salaries; Officers. - The applicants named in the application and their respective successors...

Section 41-10-496 - Resolutions and Proceedings of Board of Directors. - All resolutions adopted by the board of directors shall constitute...

Section 41-10-497 - Powers Generally. - The authority shall have the following powers among others specified...

Section 41-10-498 - Temporary Loans in Anticipation of Issuance of Bonds. - In anticipation of issuance of bonds under this article, the...

Section 41-10-499 - Execution of Bonds and Notes. - The bonds and notes of the authority shall be executed...

Section 41-10-500 - Bonds Authorization. - For the purpose of providing funds for the acquisition of...

Section 41-10-501 - Sale and Issuance of Refunding Bonds. - The authority may, from time to time, sell and issue...

Section 41-10-502 - Specifications and Priority of Bonds. - Any bonds of the authority may be executed and delivered...

Section 41-10-503 - Sale of Bonds. - Bonds of the authority may be sold at such price...

Section 41-10-504 - Bonds of Authority Eligible for Investment of Trust Funds. - Any trust fund, where the investment thereof is permitted or...

Section 41-10-505 - Security for Deposit of Governmental Funds. - Any bonds issued by the authority may be used by...

Section 41-10-506 - Disposition of Proceeds of Bonds. - (a) All proceeds derived from the sale of any bonds,...

Section 41-10-507 - Investment of Proceeds. - Any portion of the principal proceeds derived from the sale...

Section 41-10-508 - Security. - The principal of, premium, if any, and interest on the...

Section 41-10-509 - Enforcement Upon Default. - If there be any default by the authority in the...

Section 41-10-510 - Bonds and Coupons Deemed Negotiable Instruments. - All bonds issued by the authority shall be construed to...

Section 41-10-511 - Obligations, Bonds and Notes Not Debt of State. - All obligations incurred by the authority and all bonds and...

Section 41-10-512 - Conveyance of Land to Corporation; Conveyance of Improvements Back to State. - The Governor of Alabama or the officers of any public...

Section 41-10-513 - Facilities - Construction. - All facilities constructed by the authority shall be constructed according...

Section 41-10-514 - Leasing to State Agencies. - (a) The authority is hereby authorized to enter into one...

Section 41-10-515 - Leasing to County, Municipal Corporation, Agency of Federal Government, Etc. - If at any time any facility constructed or acquired by...

Section 41-10-516 - Special Funds. - For the purpose of providing funds for the payment of...

Section 41-10-517 - Exemption From Taxation. - The properties of the authority and the income therefrom, all...

Section 41-10-518 - Venue for Actions. - Any action to protect or enforce any rights under the...

Section 41-10-519 - Fees of Secretary of State. - There shall be no fees paid to the Secretary of...

Section 41-10-520 - Interest on Bonds Exempt From Federal Income Tax. - The authority shall have the power to make such payments...

Section 41-10-521 - Dissolution. - When all bonds and securities issued by the authority and...

Section 41-10-522 - Exemption of Leases of Facilities From Competitive Bid Laws. - All leases of facilities made by the authority shall be...

Section 41-10-523 - Exemption From Sunset Law. - The authority shall not be governed by the provisions of...

Article 16 - Alabama Incentives Financing Authority.

Division 1 - General Provisions.

Section 41-10-540 - Legislative Findings; Construction. - The Legislature finds and declares the following: That the State...

Section 41-10-541 - Definitions. - (a) The following words and phrases used in this division,...

Section 41-10-542 - Incorporation of Authority. - The Governor, the State Treasurer and the Director of Finance...

Section 41-10-543 - Application for Incorporation. - (a) To become the public corporation herein authorized, the Governor,...

Section 41-10-544 - Certificate of Incorporation. - When the application has been made, filed, and recorded, the...

Section 41-10-545 - Members; Officers; Quorum; Vacancies; Salaries; Record of Proceedings. - The applicants named in the application and their respective successors...

Section 41-10-546 - Powers of Authority. - The authority shall have, in addition to all other powers...

Section 41-10-547 - Bonds of the Authority. - (a) The authority is authorized from time to time to...

Section 41-10-548 - Use of Proceeds From Bonds. - The authority is authorized and empowered to apply the proceeds...

Section 41-10-549 - Payment or Reimbursement of Training Facility Management Fees. - In addition to the power to finance training facility management...

Section 41-10-550 - Appropriation and Pledge of Funds for Authority Obligations. - (a) For the purpose of providing funds to enable the...

Section 41-10-551 - Manner of Ownership, Operation, Leasing, and Disposition of Facilities Financed by Authority. - No authority obligations shall be incurred with respect to any...

Section 41-10-552 - Publication of Notice; Time Limitation on Actions Contesting Proceedings, Validity of Obligations, Etc. - Upon the adoption by the directors of any resolution providing...

Section 41-10-553 - Exemption From Taxes, Fees, Etc. - The income and property of the authority, all authority obligations...

Section 41-10-554 - No Notice, Approval, Public Hearing, etc., Required for Issuance of Obligations. - Except as may be expressly provided in this division, no...

Section 41-10-555 - Exemption From Competitive Bid Laws. - Articles 2 and 3 of Chapter 16 of this title...

Section 41-10-556 - Dissolution of Authority. - At any time when no authority obligations are outstanding and...

Division 2 - Pledge and Appropriation of Tva Payments to Redeem Bonds.

Section 41-10-570 - Pledge and Appropriation of State Revenues From Tva Payments to Pay and Redeem Bonds Prior to Maturity. - There is hereby irrevocably pledged and appropriated such amounts as...

Division 3 - Financing Y2k Expenditures.

Section 41-10-590 - Legislative Findings. - The Legislature finds and declares the following: That the State...

Section 41-10-591 - Definitions. - (a) Except as otherwise expressly provided herein, words and phrases...

Section 41-10-592 - Authority to Issue Bonds to Finance Y2k Expenditures. - (a) The authority shall have, in addition to all other...

Section 41-10-593 - Use of Bond Proceeds. - The proceeds derived from the sale of bonds issued by...

Section 41-10-594 - Report of Expenditures; Diversity Requirement. - The state Finance Director shall report to the Lieutenant Governor,...

Article 17 - Alabama 21st Century Authority.

Division 1 - Authority Generally.

Section 41-10-620 - Short Title. - This division shall be known and may be cited as...

Section 41-10-621 - Legislative Findings and Purpose. - (a) The Legislature finds and declares the following: (1) The...

Section 41-10-622 - Definitions. - When used in this division, the following terms shall have...

Section 41-10-623 - Incorporation of Authority Authorized; Application; Filing. - (a) To become a public corporation and instrumentality of the...

Section 41-10-624 - Members, Officers, and Directors. - The applicants named in the application and their respective successors...

Section 41-10-625 - Powers of the Authority. - The authority shall have, in addition to all other powers...

Section 41-10-626 - Bonds of the Authority. - (a) General. The authority is authorized from time to time...

Section 41-10-627 - Refunding Bonds. - (a) Any bonds issued by the authority may from time...

Section 41-10-628 - Disposition of Proceeds of Bonds. - (a) The authority is authorized and empowered to apply the...

Section 41-10-629 - Alabama 21st Century Fund. - For the benefit of the State of Alabama and the...

Section 41-10-630 - Pledge and Appropriation of Tobacco Revenues to Redeem Bonds. - There is hereby irrevocably pledged and appropriated such amounts of...

Section 41-10-631 - Notice; Contested Actions. - (a) Upon the adoption by the directors of any resolution...

Section 41-10-632 - Tax Exemption. - The income and property of the authority, all bonds of...

Section 41-10-633 - Notice and Hearing Not Required. - Except as may be expressly provided in this division, no...

Section 41-10-634 - Application of Other Laws. - Articles 2 and 3 of Chapter 16 of this title,...

Section 41-10-635 - Dissolution. - At any time when no bonds of the authority are...

Section 41-10-636 - Racial and Ethnic Diversity. - The Alabama 21st Century Authority shall, to the extent practical,...

Section 41-10-637 - Utilization of Services Provided by Department of Finance. - The authority shall utilize all administrative services which may be...

Section 41-10-638 - Transfers From the Special Fund. - (a) All monies in the special fund in excess of...

Section 41-10-639 - Liberal Construction. - This division being remedial in nature, it shall be liberally...

Section 41-10-640 - Alabama Construction Recruitment Institute - Application. - Transferred to §41-10-723 by Act 2010-220, p. 365, §3, effective...

Section 41-10-641 - Alabama Construction Recruitment Institute - Board of Directors. - Transferred to §41-10-724 by Act 2010-220, p. 365, §3, effective...

Section 41-10-642 - Alabama Construction Recruitment Institute - Powers. - Transferred to §41-10-725 by Act 2010-220, p. 365, §3, effective...

Section 41-10-643 - Alabama Construction Recruitment Institute - Records. - AMENDED AND RENUMBERED §41-10-726 BY ACT 2010-220, EFFECTIVE MARCH 22,...

Section 41-10-644 - Applicability. - Nothing in Act 2009-563 shall apply to anyone licensed by...

Division 2 - Job Development Act of 1999.

Section 41-10-650 - Short Title. - This division shall be known and may be cited as...

Section 41-10-651 - Legislative Findings. - (a) The Legislature finds and declares the following: (1) That...

Section 41-10-652 - Definitions. - When used in this division, the following terms shall have...

Section 41-10-653 - Powers of the Authority. - The authority shall have, in addition to all powers heretofore...

Section 41-10-654 - Bonds of the Authority. - (a) General authorization to issue bonds. The authority is authorized...

Section 41-10-655 - Debt Service. - There is hereby irrevocably pledged and appropriated such amount of...

Section 41-10-656 - Use of Bond Proceeds. - (a) The proceeds derived from the sale of the bonds...

Section 41-10-657 - Payment of Training Costs. - In addition to the power to finance the payment of...

Section 41-10-658 - Construction of Division. - This division being remedial in nature, it shall be liberally...

Division 3 - Job Development Act of 2001.

Section 41-10-670 - Short Title. - This division shall be known and may be cited as...

Section 41-10-671 - Legislative Findings and Purpose. - (a) The Legislature finds and declares the following: (1) That...

Section 41-10-672 - Definitions. - When used in this division, the following terms shall have...

Section 41-10-673 - Powers and Duties of the Authority. - The authority shall have, in addition to all powers heretofore...

Section 41-10-674 - Authorization to Issue Bonds. - (a) General. The authority is authorized from time to time...

Section 41-10-675 - Pledge and Appropriation of Pledged Revenues. - There is hereby irrevocably pledged and appropriated such amount of...

Section 41-10-676 - Use of Bond Proceeds. - (a) The proceeds derived from the sale of the bonds...

Section 41-10-677 - Payment of Training Costs Directly Out of Pledged Revenues. - In addition to the power to finance the payment of...

Section 41-10-678 - Appointments. - The authority shall attempt to hire or contract with businesses...

Section 41-10-679 - Competitive Bid. - Notwithstanding any contrary provision set forth in the Enabling Act,...

Section 41-10-680 - Liberal Construction. - This division being remedial in nature, it shall be liberally...

Division 4 - Construction Craft Training Program Fee.

Section 41-10-700 - Definitions. - Transferred to §41-10-727 by Act 2010-220, p. 365, §4, effective...

Section 41-10-701 - Fee Imposed on Wages of Certain Employees. - Transferred to §41-10-728 by Act 2010-220, p. 365, §4, effective...

Section 41-10-702 - Duties of Department. - Transferred to §41-10-729 by Act 2010-220, p. 365, §4, effective...

Section 41-10-703 - Failure to Pay Fee. - Transferred to §41-10-730 by Act 2010-220, p. 365, §4, effective...

Section 41-10-704 - Disposition of Funds. - Transferred to §41-10-731 by Act 2010-220, p. 365, §4, effective...

Section 41-10-705 - Applicability. - Transferred to §41-10-732 by Act 2010-220, p. 365, §4, effective...

Article 18 - Alabama Construction Recruitment Institute.

Division 1 - Authority Generally.

Section 41-10-720 - Legislative Findings. - The Legislature makes the following findings: (1) At any given...

Section 41-10-721 - Definitions. - For purposes of this article, the following terms have the...

Section 41-10-722 - Recruitment and Training Promotion Fund. - The Recruitment and Training Promotion Fund, created pursuant to Act...

Section 41-10-723 - Alabama Construction Recruitment Institute - Application. - (a) The Alabama Construction Recruitment Institute shall be incorporated as...

Section 41-10-724 - Alabama Construction Recruitment Institute - Board of Directors. - (a) All powers of the institute shall be exercised by...

Section 41-10-724.1 - Alabama Construction Recruitment Institute - Sunset Provision. - The Alabama Construction Recruitment Institute shall be subject to the...

Section 41-10-725 - Alabama Construction Recruitment Institute - Powers. - The institute shall have the following powers: (1) To design,...

Section 41-10-726 - Alabama Construction Recruitment Institute - Records. - The records of the institute shall be subject to the...

Division 2 - Construction Craft Industry Fee.

Section 41-10-727 - Definitions. - As used in this division, the following words shall have...

Section 41-10-728 - Fee Imposed on Wages of Certain Employees. - (a) In addition to all other taxes now imposed by...

Section 41-10-729 - Duties of Department. - It shall be the duty of the department to administer...

Section 41-10-730 - Failure to Pay Fee. - In the event an employer fails to pay to the...

Section 41-10-731 - Disposition of Funds. - (a) Any fees required by this division shall be remitted...

Section 41-10-732 - Applicability. - Nothing in this division, including the fees collected pursuant to...

Article 19 - Alabama Economic Settlement Authority.

Section 41-10-750 - Legislative Findings and Purpose. - (a) The Legislature finds and declares the following: (1) In...

Section 41-10-751 - Definitions. - When used in this article, the following terms shall have...

Section 41-10-752 - Incorporation of Authority Authorized; Application; Filing. - (a) To become a public corporation and instrumentality of the...

Section 41-10-753 - Members, Officers, and Directors. - The applicants named in the application and their respective successors...

Section 41-10-754 - Powers of the Authority. - The authority shall have, in addition to all other powers...

Section 41-10-755 - Bonds of the Authority. - (a) General. The authority is authorized from time to time...

Section 41-10-756 - Refunding Bonds. - (a) Any bonds issued by the authority may from time...

Section 41-10-757 - Disposition of Proceeds of Bonds. - (a) The authority is authorized and empowered to apply the...

Section 41-10-758 - Creation of Special Fund. - For the benefit of the State of Alabama and the...

Section 41-10-759 - Pledge and Appropriation of Bp Settlement Revenue to Pay Bonds. - There is hereby irrevocably pledged and appropriated such amounts of...

Section 41-10-760 - Notice - Contested Actions. - (a) Upon the adoption by the directors of any resolution...

Section 41-10-761 - Tax Exemption. - The income and property of the authority, all bonds of...

Section 41-10-762 - Notice and Hearing Not Required. - Except as may be expressly provided in this article, no...

Section 41-10-763 - Applicability of Other Laws. - Articles 2 and 3 of Chapter 16, Title 41, and...

Section 41-10-764 - Dissolution. - At any time when no bonds of the authority are...

Section 41-10-765 - Diversity. - In connection with the sale of its bonds, the authority...

Section 41-10-766 - Services Provided by Department of Finance. - The authority shall utilize all administrative services which may be...

Section 41-10-767 - Bonds Are Legal Investments. - Bonds issued by the authority are hereby made a legal...

Section 41-10-768 - Legislative Intent. - It is the intent of the Legislature that payments allocated...

Section 41-10-769 - Liberal Construction. - This article and Section 18 of Act 2015-540, as amended...

Article 20 - Alabama Innovation Corporation

Section 41-10-800 - Legislative Findings. - The Legislature finds and declares all of the following: (1)...

Section 41-10-801 - Definitions. - For the purposes of this article, the following terms shall...

Section 41-10-802 - Incorporation. - (a) The Governor, the Speaker of the House of Representatives,...

Section 41-10-803 - Board of Directors. - (a) The corporation shall be under the management and control...

Section 41-10-804 - Powers of the Board. - (a) The board shall have all of the powers necessary...

Section 41-10-805 - Corporation Contracts. - The board may enter into contracts, leases, agreements, investments, and...

Section 41-10-806 - Alabama Innovation Fund - Created. - (a)(1) For the benefit of the state and the residents...

Section 41-10-807 - Alabama Innovation Fund - Management. - (a) The fund shall be held in perpetual trust and...

Section 41-10-808 - Amendments. - At any time, the board, by majority vote, may cause...

Section 41-10-809 - Dissolution. - At any time, the board, by three-quarters vote, may dissolve...

Section 41-10-810 - Liberal Construction. - This article shall be liberally construed to effectuate its purpose.

Section 41-10-811 - Report to Legislature. - The Alabama Innovation Corporation shall report to the Legislature beginning...

Article 21

Section 41-10-820 - Leglislative Findings. - The Legislature finds and declares all of the following: (1)...

Section 41-10-821 - Definitions. - For the purposes of this article, the following terms shall...

Section 41-10-822 - Small Business Innovation Research and Small Business Technology Transfer Research Matching Grants. - The corporation may make Small Business Innovation Research and Small...

Section 41-10-823 - Rulemaking Authority. - The corporation may adopt rules as necessary to implement and...

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Code of Alabama Title 41 - State Government. Chapter 10 - Authorities.

Code of Alabama
Title 41 - State Government.
Chapter 10 - Authorities.