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https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-2 - Legislative Findings of Fact and Declaration of Intent. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-2 - Legislative Findings of Fact and Declaration of Intent. | Section 16-15-2
Legislative findings of fact and declaration of intent.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §1.) |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-3 - Incorporation Authorized. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-3 - Incorporation Authorized. | Section 16-15-3
Incorporation authorized.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §3.) |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-4 - Application for Incorporation. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-4 - Application for Incorporation. | Section 16-15-4
Application for incorporation.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §4.) |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-5 - Issuance and Recording of Certificate of Incorporation; No Fees to Be Paid. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-5 - Issuance and Recording of Certificate of Incorporation; No Fees to Be Paid. | Section 16-15-5
Issuance and recording of certificate of incorporation; no fees to be paid.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §5.) |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-6 - Members, Officers and Directors; Record of Proceedings. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-6 - Members, Officers and Directors; Record of Proceedings. | Section 16-15-6
Members, officers and directors; record of proceedings.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §6.) |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-7 - Powers Generally. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-7 - Powers Generally. | Section 16-15-7
Powers generally.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §7.) |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-8 - Issuance and Sale of Bonds; Contracts; Purchases. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-8 - Issuance and Sale of Bonds; Contracts; Purchases. | Section 16-15-8
Issuance and sale of bonds; contracts; purchases.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §8.) |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-9 - Execution, Form, Terms and Conditions of Bonds; Sale; Refunding Bonds; Security fo... | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-9 - Execution, Form, Terms and Conditions of Bonds; Sale; Refunding Bonds; Security for Payment; Bonds to Be Negotiable Instruments; Exemption From Taxation; Bonds Legal Investments. | Section 16-15-9
Execution, form, terms and conditions of bonds; sale; refunding bonds; security for payment; bonds to be negotiable instruments; exemption from taxation; bonds legal investments.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §9; Acts 1969, No. 782, p. 1405... |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-10 - Disposition of Proceeds of Bonds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-10 - Disposition of Proceeds of Bonds. | Section 16-15-10
Disposition of proceeds of bonds.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §10.) |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-11 - Pledge of Revenues for Payment of Bonds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-11 - Pledge of Revenues for Payment of Bonds. | Section 16-15-11
Pledge of revenues for payment of bonds.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §11.) |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-12 - Payment of Bonds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-12 - Payment of Bonds. | Section 16-15-12
Payment of bonds.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §12.) |
https://law.justia.com/codes/alabama/title-16/chapter-15/section-16-15-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 15 - Alabama Education Authority.›Section 16-15-13 - Dissolution of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 15 - Alabama Education Authority. › Section 16-15-13 - Dissolution of Authority. | Section 16-15-13
Dissolution of authority.
Repealed by Act 2015-70 effective April 21, 2015.
(Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §13.) |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-1 - Definitions. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-1 - Definitions. | Section 16-16-1
Definitions.
For the purposes of this chapter, the following words and phrases shall have the following respective meanings:
(1) THE AUTHORITY. The public corporation organized pursuant to the provisions of this chapter.
(2) BONDS. The bonds issued under the provisions of this chapter.
(3) STATE. The St... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-2 - Legislative Findings of Fact and Declaration of Intent; Liberal Construction of Ch... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-2 - Legislative Findings of Fact and Declaration of Intent; Liberal Construction of Chapter. | 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 of intent hereinafter set forth in this section. The great increase during recent years in the number of students enrolled in the public schools and ... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-3 - Incorporation Authorized. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-3 - Incorporation Authorized. | Section 16-16-3
Incorporation authorized.
The Governor, the State Superintendent of Education and the Director of Finance may become a corporation with the power and authority hereinafter provided by proceeding according to the provisions of this chapter.
(Acts 1965, 1st Ex. Sess., No. 243, p. 331, §3.) |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-4 - Application for Incorporation. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-4 - Application for Incorporation. | Section 16-16-4
Application for incorporation.
(a) To become a corporation, the Governor, the State Superintendent of Education and the Director of Finance shall present to the Secretary of State of Alabama an application signed by them which shall set forth:
(1) The name, official designation and official residence of... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-5 - Issuance and Recording of Certificate of Incorporation; No Fees to Be Paid. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-5 - Issuance and Recording of Certificate of Incorporation; No Fees to Be Paid. | 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 herein provided, the applicants shall constitute a corporation under the name proposed in the application, and the Secretary of State shall make and issue to the applican... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-6 - Members, Officers and Directors; Quorum for Transacting Business; Effect of Death,... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › 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. | 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 in office shall constitute the members of the au... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-7 - Powers Generally. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-7 - Powers Generally. | Section 16-16-7
Powers generally.
The authority shall have the following powers:
(1) To have succession by its corporate name until the principal of and interest on all bonds issued by it shall have been fully paid;
(2) To sue and be sued and to prosecute and defend in any court having jurisdiction of the subject matte... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-8 - Authority Empowered to Sell and Issue Bonds for Construction, etc., of Facilities... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-8 - Authority Empowered to Sell and Issue Bonds for Construction, etc., of Facilities for Public Educational Purposes; Procedure for Letting Contracts. | 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 to sell and issue its bonds, not exceeding $116,000,000.00 in aggregate principal amount, for the p... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-9 - Execution, Form, Terms and Conditions of Bonds; Sale; Refunding Bonds; Bonds to Be... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › 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 Se... | 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 investment of fiduciary funds.
(a) The bonds of the authority shall be signed by ... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-10 - Disposition of Proceeds of Bonds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-10 - Disposition of Proceeds of Bonds. | Section 16-16-10
Disposition of proceeds of bonds.
(a) The proceeds of all bonds, other than refunding bonds, issued by the authority remaining after paying expenses of their issuance shall be deposited in the State Treasury and shall be carried in the State Treasury in a special or separate account. Said expenses shal... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-11 - Pledge of Revenues for Payment of Bonds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-11 - Pledge of Revenues for Payment of Bonds. | Section 16-16-11
Pledge of revenues for payment of bonds.
(a) For the purpose of providing funds to enable the authority to pay at their respective maturities the principal of and interest on any bonds issued by it under the provisions of this chapter and to accomplish the objects of this chapter, there is hereby irrev... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-12 - Payment of Principal and Interest on Bonds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-12 - Payment of Principal and Interest on Bonds. | Section 16-16-12
Payment of principal and interest on bonds.
Out of the revenues appropriated and pledged in Section 16-16-1, the State Treasurer is hereby authorized and directed to pay the principal of and interest on the bonds issued by the authority under the provisions of this chapter, as such principal and intere... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-13 - Dissolution of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-13 - Dissolution of Authority. | Section 16-16-13
Dissolution of authority.
At any time when no bonds of the authority are outstanding, the authority may be dissolved upon the filing with the Secretary of State of an application for dissolution, which shall be subscribed by each of the members of the authority and sworn to by each such member before a... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-14 - Use of Bond Proceeds for Loans to Local Boards of Education. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-14 - Use of Bond Proceeds for Loans to Local Boards of Education. | 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 pursuant to subsection (b) of Section 3 of Act 98-373 shall be deposited in the State Treasury and shall be carried in a separate fund therein for the account of the authority, which shal... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-14-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-14.1 - Sale of Bonds and Other Details of Bonds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-14.1 - Sale of Bonds and Other Details of Bonds. | Section 16-16-14.1
Sale of bonds and other details of bonds.
From and after August 14, 2009, bonds issued by the authority under subsection (b) of Section 3 of Act 98-373 may be sold by negotiated sale or by competitive bid at such price or prices and at such time or times as the authority may consider advantageous. In... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-14-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-14.2 - Legislative Intent. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-14.2 - Legislative Intent. | Section 16-16-14.2
Legislative intent.
Act 2010-731 is adopted by the Legislature of the State of Alabama to amend certain provisions of the Code of Alabama 1975 and certain prior acts of the Legislature of Alabama and to make other provisions in a manner intended to permit the Alabama Public School and College Authori... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-15 - Incentive Fund and Council. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-15 - Incentive Fund and Council. | Section 16-16-15
Incentive fund and council.
(a) There is hereby created the Alabama Public School and College Education Incentive Fund (Incentive Fund). Fifty-five million dollars ($55,000,000) from the first series of bonds issued pursuant to Act 2007-415 shall be deposited into the Incentive Fund.
(b) There is hereb... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-16 - Racial and Ethnic Diversity. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-16 - Racial and Ethnic Diversity. | Section 16-16-16
Racial and ethnic diversity.
(a) The authority shall hire or contract with businesses or individuals which reflect the racial and ethnic diversity of the state.
(b) The authority shall hire or contract with attorneys, fiscal advisors, trustees, paying agents, investment bankers, banks, and underwriters... |
https://law.justia.com/codes/alabama/title-16/chapter-16/section-16-16-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16 - Alabama Public School and College Authority.›Section 16-16-17 - Swap Agreements. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16 - Alabama Public School and College Authority. › Section 16-16-17 - Swap Agreements. | Section 16-16-17
Swap agreements.
Notwithstanding any other provision of law, including without limitation Article 3 of Chapter 1 of Title 41, the Public School and College Authority shall not enter into any swap agreement involving the bonds authorized to be issued by Act 2010-731 or Act 2009-813. For purposes of the ... |
https://law.justia.com/codes/alabama/title-16/chapter-16a/section-16-16a-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16A - Base Realignment and Closure Distributions.›Section 16-16A-1 - Legislative Findings. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16A - Base Realignment and Closure Distributions. › Section 16-16A-1 - Legislative Findings. | Section 16-16A-1
Legislative findings.
Military installations are a major source of economic stability for Alabama and, particularly, Madison County and North Alabama and are important to our Nation's defense. The United States Department of Defense was legislatively directed to reorganize its military installation inf... |
https://law.justia.com/codes/alabama/title-16/chapter-16a/section-16-16a-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16A - Base Realignment and Closure Distributions.›Section 16-16A-2 - Definitions. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16A - Base Realignment and Closure Distributions. › Section 16-16A-2 - Definitions. | Section 16-16A-2
Definitions.
As used in this chapter, the following words and phrases shall have the following meanings:
(1) AUTHORITY. The Public School and College Authority.
(2) BASELINE DATE. January 1, 2006.
(3) 2005 BRAC. a. Closure actions according to the 2005 Base Closure and Realignment Commission Report of ... |
https://law.justia.com/codes/alabama/title-16/chapter-16a/section-16-16a-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16A - Base Realignment and Closure Distributions.›Section 16-16A-3 - Distribution Calculation. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16A - Base Realignment and Closure Distributions. › Section 16-16A-3 - Distribution Calculation. | Section 16-16A-3
Distribution calculation.
For purposes of this chapter, the BRAC Distribution provided by the Authority shall be the difference calculated by subtracting the number of jobs in the BRAC Impacted District on the Baseline Date from the number of jobs in the BRAC Impacted Area on the Determination Date for... |
https://law.justia.com/codes/alabama/title-16/chapter-16a/section-16-16a-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16A - Base Realignment and Closure Distributions.›Section 16-16A-4 - Distribution Considerations. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16A - Base Realignment and Closure Distributions. › Section 16-16A-4 - Distribution Considerations. | Section 16-16A-4
Distribution considerations.
The Authority shall distribute the BRAC Distribution to a local school district based upon the percentage of BRAC Impacted Area employees living in a city or county served by that school district, in accordance with the following:
(1) Prior to the distribution of any bond p... |
https://law.justia.com/codes/alabama/title-16/chapter-16a/section-16-16a-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16A - Base Realignment and Closure Distributions.›Section 16-16A-5 - Calculation; Criteria and Procedures. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16A - Base Realignment and Closure Distributions. › Section 16-16A-5 - Calculation; Criteria and Procedures. | Section 16-16A-5
Calculation; criteria and procedures.
The City of Huntsville Federal Building Authority is hereby authorized to calculate the amount of BRAC Distribution that is due to each county or city school system and the Public School and College Authority shall specify criteria and procedures for the applicatio... |
https://law.justia.com/codes/alabama/title-16/chapter-16a/section-16-16a-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16A - Base Realignment and Closure Distributions.›Section 16-16A-6 - Requirements for Authorization of Bonds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16A - Base Realignment and Closure Distributions. › Section 16-16A-6 - Requirements for Authorization of Bonds. | Section 16-16A-6
Requirements for authorization of bonds.
The Authority shall not authorize any bonds unless and until employers located in the BRAC Impacted Area provide a certification and possess proof of the number of employees in the BRAC Impacted Area directly existing because of the 2005 BRAC or Subsequent BRAC ... |
https://law.justia.com/codes/alabama/title-16/chapter-16a/section-16-16a-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16A - Base Realignment and Closure Distributions.›Section 16-16A-7 - Additional Findings; Bonds Authorized; Procedures. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16A - Base Realignment and Closure Distributions. › Section 16-16A-7 - Additional Findings; Bonds Authorized; Procedures. | Section 16-16A-7
Additional findings; bonds authorized; procedures.
(a) The Legislature finds that the number of students attending the several school systems located in those areas of North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions will collectively increase by an estimated 9,... |
https://law.justia.com/codes/alabama/title-16/chapter-16a/section-16-16a-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16A - Base Realignment and Closure Distributions.›Section 16-16A-8 - Counties Authorized to Participate. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16A - Base Realignment and Closure Distributions. › Section 16-16A-8 - Counties Authorized to Participate. | Section 16-16A-8
Counties authorized to participate.
In addition to the counties participating under Section 16-16A-7, Jackson County and Marshall County may also participate in the funding benefits of this chapter.
(Act 2010-551, p. 980, §8; Act 2012-562, §1.) |
https://law.justia.com/codes/alabama/title-16/chapter-16a/section-16-16a-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16A - Base Realignment and Closure Distributions.›Section 16-16A-9 - Disposition of Funds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16A - Base Realignment and Closure Distributions. › Section 16-16A-9 - Disposition of Funds. | Section 16-16A-9
Disposition of funds.
(a) The proceeds derived from each sale of the Bonds issued pursuant to this chapter shall be deposited in the State Treasury and shall be carried in a separate fund therein for the account of the Authority, which shall pay the expenses of issuance therefrom. The expenses of issua... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-1 - Short Title; Electronic Textbooks; Wireless Electronic Devices; Rule Making Autho... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-1 - Short Title; Electronic Textbooks; Wireless Electronic Devices; Rule Making Authority; Implementation Plan; Alabama Ahead Oversight Committee. | Section 16-16B-1
Short title; electronic textbooks; wireless electronic devices; rule making authority; implementation plan; Alabama Ahead Oversight Committee.
(a) This chapter shall be known and may be cited as the Alabama Ahead Act.
(b)(1) Commencing with the 2016-2017 school year, students may be provided textbooks ... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-2 - Definitions. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-2 - Definitions. | Section 16-16B-2
Definitions.
(a) Wherever used in this chapter, the following terms shall have the following meanings unless the context clearly indicates otherwise:
(1) "1965 Act" means Act No. 243 enacted at the 1965 First Special Session of the Legislature, codified as Title 16, Chapter 16.
(2) "1971 Acts" means Ac... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-2-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-2.1 - Wireless Infrastructure and Mobile Digital Computing Devices; Application for F... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-2.1 - Wireless Infrastructure and Mobile Digital Computing Devices; Application for Funds; Implementation Plan. | Section 16-16B-2.1
Wireless infrastructure and mobile digital computing devices; application for funds; implementation plan.
(a)(1) Contingent on funding, during the 2016-2017 school year, local school systems may begin installing sufficient, high-quality standards-based broadband WiFi infrastructure and, where possibl... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-3 - (Implementation Conditioned on Separate Legislative enactment.) Authorization to... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-3 - (Implementation Conditioned on Separate Legislative enactment.) Authorization to Issue Additional Bonds and Purposes Thereof. | Section 16-16B-3
(Implementation Conditioned on Separate Legislative Enactment.) Authorization to issue additional bonds and purposes thereof.
(a) The Authority is hereby authorized to sell and issue its Bonds in the aggregate principal amount of up to $100,000,000 and to apply the proceeds as provided in this chapter,... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-4 - (Implementation Conditioned on Separate Legislative enactment.) Execution and Oth... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-4 - (Implementation Conditioned on Separate Legislative enactment.) Execution and Other Details of the Bonds. | Section 16-16B-4
(Implementation Conditioned on Separate Legislative Enactment.) Execution and other details of the bonds.
The Bonds shall be signed by the president or vice-president of the Authority, and the seal of the Authority affixed thereto (or a facsimile thereof imprinted thereon) and attested by its secretary... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-5 - (Implementation Conditioned on Separate Legislative enactment.) Sale of the Bonds... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-5 - (Implementation Conditioned on Separate Legislative enactment.) Sale of the Bonds. | Section 16-16B-5
(Implementation Conditioned on Separate Legislative Enactment.) Sale of the bonds.
The Bonds may be sold by the Authority from time to time in series, and if sold in more than one series, may all be authorized in one initial resolution of the Authority with the pledges therefor made by the Authority in... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-6 - (Implementation Conditioned on Separate Legislative enactment.) Appropriation of... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-6 - (Implementation Conditioned on Separate Legislative enactment.) Appropriation of Revenues to the Authority; Pledge Thereof For. | Section 16-16B-6
(Implementation Conditioned on Separate Legislative Enactment.) Appropriation of revenues to the authority; pledge thereof for.
For the purpose of providing for payment of the principal, premium (if any), and interest on the Bonds, and to accomplish the objectives of this chapter, there is hereby irrev... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-7 - (Implementation Conditioned on Separate Legislative enactment.) Bonds to Be Payab... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-7 - (Implementation Conditioned on Separate Legislative enactment.) Bonds to Be Payable Solely Out of the Revenues Appropriated; Authorization for Authority to Pledge Such Revenues for the Bonds. | Section 16-16B-7
(Implementation Conditioned on Separate Legislative Enactment.) Bonds to be payable solely out of the revenues appropriated; authorization for authority to pledge such revenues for the bonds.
The Bonds shall not be general obligations of the Authority but shall be limited obligations payable solely out... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-8 - (Implementation Conditioned on Separate Legislative enactment.) Refunding Bonds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-8 - (Implementation Conditioned on Separate Legislative enactment.) Refunding Bonds. | Section 16-16B-8
(Implementation Conditioned on Separate Legislative Enactment.) Refunding bonds.
For the purpose of refunding any Bonds or Refunding Bonds of the Authority issued under the provisions of this chapter, the 1965 Act, the 1971 Acts, the 1973 Act, the 1978 Act, the 1985 Act, the 1990 Act, the 1995 Act, the... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-9 - (Implementation Conditioned on Separate Legislative enactment.) Use of Bond Proce... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-9 - (Implementation Conditioned on Separate Legislative enactment.) Use of Bond Proceeds. | Section 16-16B-9
(Implementation Conditioned on Separate Legislative Enactment.) Use of bond proceeds.
(a) The proceeds derived from each sale of the Bonds issued pursuant to this chapter shall be deposited in the State Treasury and shall be carried in a separate fund therein for the account of the Authority, which sha... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-10 - (Implementation Conditioned on Separate Legislative enactment.) Disposition of F... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-10 - (Implementation Conditioned on Separate Legislative enactment.) Disposition of Funds. | Section 16-16B-10
(Implementation Conditioned on Separate Legislative Enactment.) Disposition of funds.
Notwithstanding any of the foregoing and in addition to all powers heretofore granted to the Authority, the Authority is hereby expressly authorized to use the proceeds derived from the sale of Bonds and income on Pe... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-11 - (Implementation Conditioned on Separate Legislative enactment.) Tax Exemption. | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-11 - (Implementation Conditioned on Separate Legislative enactment.) Tax Exemption. | Section 16-16B-11
(Implementation Conditioned on Separate Legislative Enactment.) Tax exemption.
The Authority shall have the power to make such payments to the United States of America as the board of directors of the Authority deems necessary to cause the interest on any bonds of the Authority, including the Bonds, t... |
https://law.justia.com/codes/alabama/title-16/chapter-16b/section-16-16b-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 16B - Alabama Ahead Act.›Section 16-16B-12 - (Implementation Conditioned on Separate Legislative enactment.) Issuance Expense... | 2023 Code of Alabama › Title 16 - Education. › Chapter 16B - Alabama Ahead Act. › Section 16-16B-12 - (Implementation Conditioned on Separate Legislative enactment.) Issuance Expenses; Contracts and Appointments. | Section 16-16B-12
(Implementation Conditioned on Separate Legislative Enactment.) Issuance expenses; contracts and appointments.
The Authority is authorized to pay out of proceeds of any series of Bonds the costs and expenses incurred in connection with the issuance of such Bonds, including without limitation legal and... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-1 - Definitions. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-1 - Definitions. | Section 16-17-1
Definitions.
For purposes of this chapter, the following words and phrases shall be given the following respective meanings:
(1) ANCILLARY IMPROVEMENTS. Educational and related facilities of every kind including, but without limitation to, classrooms, scientific and other laboratories, libraries, audito... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-2 - Legislative Intent. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-2 - Legislative Intent. | Section 16-17-2
Legislative intent.
It is the purpose of the Legislature by this chapter to authorize the incorporation of educational building authorities as public corporations and as political subdivisions of the state for the purpose of providing ancillary improvements for use in connection with educational institu... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-3 - Procedure to Incorporate. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-3 - Procedure to Incorporate. | Section 16-17-3
Procedure to incorporate.
(a) By proceeding in the manner set forth herein, any number of natural persons, not less than three, may incorporate an educational building authority as a public corporation and as a political subdivision of the state. The said natural persons shall first file with the govern... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-4 - Amendments to Certificate of Incorporation. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-4 - Amendments to Certificate of Incorporation. | Section 16-17-4
Amendments to certificate of incorporation.
(a) The certificate of incorporation of any authority incorporated under the provisions of this chapter may at any time and from time to time be amended in the manner provided in this section.
(b) The board of directors of the authority shall first adopt a res... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-5 - Board of Directors. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-5 - Board of Directors. | Section 16-17-5
Board of directors.
Each authority shall be governed by a board of directors. All powers of the authority shall be exercised by the board or pursuant to its authorization. The board shall consist of three directors elected, as soon as may be practicable after the organization of the authority, by the go... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-6 - Officers of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-6 - Officers of Authority. | Section 16-17-6
Officers of authority.
The officers of an authority shall consist of a chairman, vice-chairman, secretary, treasurer and such other officers as its board shall deem necessary or appropriate. The offices of secretary and treasurer may but need not be held by the same person. The chairman and vice-chairma... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-7 - Powers of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-7 - Powers of Authority. | Section 16-17-7
Powers of authority.
The authority shall have the following powers, together with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To have succession by its corporate name for the duration of time (which may be in perpetuity, subject to the provisions of Section... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-8 - Location of Ancillary Improvements. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-8 - Location of Ancillary Improvements. | Section 16-17-8
Location of ancillary improvements.
Any ancillary improvements of the authority may be located within or without or partially within and partially without the determining municipality, subject to the following conditions:
(1) No such ancillary improvements, or part thereof, shall be located more than 15... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-9 - Remedies Under Lease Agreements. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-9 - Remedies Under Lease Agreements. | Section 16-17-9
Remedies under lease agreements.
If there is any default in the payment of any rental required to be paid or in the performance of any covenant required to be performed by any educational institution under the provisions of any lease agreement between such educational institution and an authority, the a... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-10 - Bonds of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-10 - Bonds of Authority. | Section 16-17-10
Bonds of authority.
(a) All bonds issued by the authority shall be signed by its chairman and attested by its secretary, and the seal of the authority shall be affixed thereto, and any interest coupons applicable to the bonds of the authority shall be signed by the said chairman; provided, that a facsi... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-11 - Contracts to Secure Bonds and Assumed Obligations. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-11 - Contracts to Secure Bonds and Assumed Obligations. | Section 16-17-11
Contracts to secure bonds and assumed obligations.
As security for payment of the principal of and interest on bonds issued or obligations assumed by it, the authority may enter into a contract or contracts binding itself for the proper application of the proceeds of bonds and other funds, for the cont... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-12 - Statutory Mortgage Lien. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-12 - Statutory Mortgage Lien. | Section 16-17-12
Statutory mortgage lien.
Any resolution of the board or trust indenture under which bonds may be issued pursuant to the provisions of this chapter may contain provisions creating a statutory mortgage lien in favor of the holders of such bonds and of the interest coupons applicable thereto on the ancill... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-13 - Proceeds From Sale of Bonds. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-13 - Proceeds From Sale of Bonds. | Section 16-17-13
Proceeds from sale of bonds.
All moneys derived from the sale of any bonds issued by the authority shall be used solely for the purpose or purposes for which the same are authorized and any costs and expenses incidental thereto. Such costs and expenses may include but shall not be limited to:
(1) The e... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-14 - Exemption From Taxation. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-14 - Exemption From Taxation. | Section 16-17-14
Exemption from taxation.
The authority, the property and income of the authority, all bonds issued by the authority, the income from such bonds, conveyances by or to the authority and leases, mortgages and deeds of trust by or to the authority shall be exempt from all taxation in the State of Alabama. ... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-15 - Freedom of Authority From State Supervision and Control. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-15 - Freedom of Authority From State Supervision and Control. | Section 16-17-15
Freedom of authority from state supervision and control.
This chapter is intended to aid the state in the execution of its duties by providing appropriate and independent instrumentalities of the state with full and adequate powers to fulfill their functions. Except as in this chapter expressly otherwi... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-16 - Earnings of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-16 - Earnings of Authority. | Section 16-17-16
Earnings of authority.
The authority shall be a nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, association or corporation; except, that in the event the board of directors of the authority shall determine that... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-17 - Investments in Bonds of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-17 - Investments in Bonds of Authority. | Section 16-17-17
Investments in bonds of authority.
Unless otherwise directed by the court having jurisdiction thereof or by the document that is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers conferred ... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-18/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-18 - Notice of Bond Resolution. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-18 - Notice of Bond Resolution. | Section 16-17-18
Notice of bond resolution.
Upon the adoption by the board of any resolution providing for the issuance of bonds, the authority may, in its discretion, cause to be published once a week for two consecutive weeks, in a newspaper published in the determining municipality, or if there is no newspaper publi... |
https://law.justia.com/codes/alabama/title-16/chapter-17/section-16-17-19/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17 - Educational Building Authorities.›Section 16-17-19 - Dissolution of Authority and Vesting of Title to Its Properties. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17 - Educational Building Authorities. › Section 16-17-19 - Dissolution of Authority and Vesting of Title to Its Properties. | Section 16-17-19
Dissolution of authority and vesting of title to its properties.
At any time when the authority does not have any bonds outstanding and when there shall be no obligations assumed by the authority that are then outstanding, the board may adopt a resolution, which shall be duly entered upon its minutes, ... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-1 - Short Title. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-1 - Short Title. | Section 16-17A-1
Short title.
This chapter shall be known and may be cited as the "University Authority Act of 2016."
(Act 2016-201, §1.) |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-2 - Definitions. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-2 - Definitions. | Section 16-17A-2
Definitions.
For purposes of this chapter, the following terms shall have the following meanings:
(1) ACADEMIC MEDICAL CENTER. The teaching, research, and clinical facilities provided, established, or operated by a constitutionally created public university in the state or a university that operates a ... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-3 - Incorporation of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-3 - Incorporation of Authority. | Section 16-17A-3
Incorporation of authority.
(a) In order to incorporate an authority, the sponsoring university shall adopt a resolution containing at least the following provisions:
(1) A finding that it is necessary, desirable, and in the best interests of the sponsoring university that the proposed authority be inc... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-4 - Articles of Incorporation - Requirements. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-4 - Articles of Incorporation - Requirements. | Section 16-17A-4
Articles of incorporation - Requirements.
(a) In addition to any other matters relating to the authority that the sponsoring university may choose to insert and that are not inconsistent with state law, the articles of incorporation of an authority shall include the following provisions:
(1) The name o... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-5/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-5 - Articles of Incorporation - Amendments. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-5 - Articles of Incorporation - Amendments. | Section 16-17A-5
Articles of incorporation - Amendments.
(a) The articles of incorporation of any authority may be amended by filing articles of amendment with the Secretary of State, but only with the approval of both the board of the authority and the sponsoring university, in the manner provided in this section.
(b)... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-6/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-6 - Board of Directors. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-6 - Board of Directors. | Section 16-17A-6
Board of directors.
(a) Each authority shall have a board of directors composed of the number of directors provided in the articles of incorporation.
(b) All powers of an authority shall be exercised by the board or pursuant to its authorization.
(c) Except for ex-officio directors specified in the art... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-7/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-7 - Officers. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-7 - Officers. | Section 16-17A-7
Officers.
(a) The officers of an authority shall consist of a president, a vice president, a secretary, a treasurer, and other officers and assistant officers as the board deems necessary or desirable. The president and the vice president of the authority shall be a member of the board. The secretary, ... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-8/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-8 - Powers of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-8 - Powers of Authority. | Section 16-17A-8
Powers of authority.
(a) An authority shall have and may exercise any power granted nonprofit corporations under Title 10A, together with all powers incidental thereto or necessary or desirable to the discharge thereof, including, without limitation, the following specific powers:
(1) To adopt, maintai... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-9/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-9 - Eminent Domain. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-9 - Eminent Domain. | Section 16-17A-9
Eminent domain.
An authority shall have, in addition to all other powers granted by this chapter, the same power of eminent domain as is vested by law in the sponsoring university under Section 18-1A-295.
(Act 2016-201, §9.) |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-10/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-10 - Indebtedness. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-10 - Indebtedness. | Section 16-17A-10
Indebtedness.
(a) An authority from time to time may borrow money or incur indebtedness and issue bonds, notes, or other evidence of indebtedness in such principal amounts as the board determines by resolution to be necessary, desirable, and in the best interests of the authority in order to provide f... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-11/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-11 - Pledge of Revenues; Security Documents. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-11 - Pledge of Revenues; Security Documents. | Section 16-17A-11
Pledge of revenues; security documents.
(a) Any pledge of any revenues of an authority or university affiliate, including, without limitation, tax revenues made available to an authority, shall be valid and binding from the time it is made, and the revenues or taxes so pledged and thereafter received ... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-12/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-12 - Obligations of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-12 - Obligations of Authority. | Section 16-17A-12
Obligations of authority.
(a) All agreements and covenants undertaken, and all indebtedness issued, by an authority shall be solely and exclusively an obligation of the authority and, except as otherwise provided in a written agreement in accordance with Section 16-17A-17, shall not create an obligati... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-13/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-13 - Investment in Indebtedness. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-13 - Investment in Indebtedness. | Section 16-17A-13
Investment in indebtedness.
Indebtedness issued under the provisions of this chapter is hereby made a legal investment for savings banks and insurance companies organized under state law and for trustees, executors, administrators, guardians, persons, or organizations acting in a fiduciary capacity, u... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-14/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-14 - Default in Payments. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-14 - Default in Payments. | Section 16-17A-14
Default in payments.
(a) If there should be any default in the payment of the principal of, or interest on, any indebtedness issued under this chapter or of any agreements contained in any security document, and the period for cure of the default has passed, then the holder of the indebtedness and the... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-15/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-15 - Exemptions From Taxation. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-15 - Exemptions From Taxation. | Section 16-17A-15
Exemptions from taxation.
Notwithstanding any provision of law to the contrary:
(1) Any indebtedness issued by an authority or a university affiliate, and the income therefrom, including any profit from the sale thereof, shall be exempt from taxation by the state or other governmental entity of the st... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-16/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-16 - Audits. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-16 - Audits. | Section 16-17A-16
Audits.
(a) Each authority shall engage a firm or firms of certified public accountants to conduct an annual audit of the financial affairs of the authority. Each audit shall be conducted in accordance with generally accepted accounting principles.
(b) The board shall submit all audits required by sub... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-17/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-17 - Conveyance of Property, etc., to Authority; Pledge of Full Faith and Credit. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-17 - Conveyance of Property, etc., to Authority; Pledge of Full Faith and Credit. | 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 public corporation is hereby authorized to give, transfer, convey, or sell to any authority or a university affiliate, with or without consideration:
(1) Any of ... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-18/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-18 - Legislative Findings. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-18 - Legislative Findings. | Section 16-17A-18
Legislative findings.
In support of and in furtherance of the powers granted in Section 16-17A-8, the Legislature hereby finds and declares all of the following:
(1) Authorities organized under this chapter and its university affiliates are performing essential public functions on behalf of the state,... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-19/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-19 - Sovereign Immunity; Damage Limitation. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-19 - Sovereign Immunity; Damage Limitation. | Section 16-17A-19
Sovereign immunity; damage limitation.
(a) This chapter is not intended to extend or grant sovereign immunity to any authority or university affiliate that is not entitled to sovereign immunity under applicable law. Nor is this chapter intended to limit or remove sovereign immunity for any authority o... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-20/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-20 - Applicability of Other Laws. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-20 - Applicability of Other Laws. | Section 16-17A-20
Applicability of other laws.
Notwithstanding any other provision of law to the contrary:
(1) Each authority shall be exempt from all laws of the state governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Title 8, Chapter 8.
(2) Authorities, univer... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-21/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-21 - Reincorporation. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-21 - Reincorporation. | Section 16-17A-21
Reincorporation.
(a) Any public corporation that meets the criteria specified in subsection (b) may reincorporate as an authority under this chapter, and become subject to and governed by this chapter, as provided in this section.
(b) A public corporation may reincorporate under this section if it sat... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-22/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-22 - Disposition of Excess Revenues. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-22 - Disposition of Excess Revenues. | Section 16-17A-22
Disposition of excess revenues.
No part of the net earnings of an authority remaining after payment of its expenses shall inure to the benefit of any person other than a university, a governmental entity, a political corporation, or any nonprofit corporation that is an organization described in Sectio... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-23/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-23 - Dissolution of Authority. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-23 - Dissolution of Authority. | Section 16-17A-23
Dissolution of authority.
(a) At any time when an authority does not have any indebtedness or other contractual or legal obligations outstanding, an authority may be dissolved by filing articles of dissolution with the Secretary of State, but only with the approval of both the board of the authority a... |
https://law.justia.com/codes/alabama/title-16/chapter-17a/section-16-17a-24/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 17A - University Authority Act of 2016.›Section 16-17A-24 - Construction of Chapter. | 2023 Code of Alabama › Title 16 - Education. › Chapter 17A - University Authority Act of 2016. › Section 16-17A-24 - Construction of Chapter. | Section 16-17A-24
Construction of chapter.
The provisions of this chapter are cumulative and shall not be deemed to repeal existing laws, except to the extent such laws are clearly inconsistent with the provisions of this chapter.
(Act 2016-201, §24.) |
https://law.justia.com/codes/alabama/title-16/chapter-18/section-16-18-1/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 18 - Public Educational Building Authorities.›Section 16-18-1 - Definitions. | 2023 Code of Alabama › Title 16 - Education. › Chapter 18 - Public Educational Building Authorities. › Section 16-18-1 - Definitions. | Section 16-18-1
Definitions.
For the purposes of this chapter, the following words and phrases shall have the following respective meanings:
(1) ANCILLARY IMPROVEMENTS. Educational and related facilities of every kind including, but without limitation to, classrooms, scientific and other laboratories, libraries, audito... |
https://law.justia.com/codes/alabama/title-16/chapter-18/section-16-18-2/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 18 - Public Educational Building Authorities.›Section 16-18-2 - Legislative Intent. | 2023 Code of Alabama › Title 16 - Education. › Chapter 18 - Public Educational Building Authorities. › Section 16-18-2 - Legislative Intent. | Section 16-18-2
Legislative intent.
It is the purpose of the Legislature by this chapter to authorize the incorporation of educational building authorities as public corporations and as political subdivisions of the state for the purpose of providing ancillary improvements for use in connection with educational institu... |
https://law.justia.com/codes/alabama/title-16/chapter-18/section-16-18-3/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 18 - Public Educational Building Authorities.›Section 16-18-3 - Procedure to Incorporate. | 2023 Code of Alabama › Title 16 - Education. › Chapter 18 - Public Educational Building Authorities. › Section 16-18-3 - Procedure to Incorporate. | Section 16-18-3
Procedure to incorporate.
(a) By proceeding in the manner set forth herein, any number of natural persons, not less than three, may incorporate an educational building authority as a public corporation and as a political subdivision of the state. The said natural persons shall first file with the govern... |
https://law.justia.com/codes/alabama/title-16/chapter-18/section-16-18-4/ | AL | Justia›US Law›US Codes and Statutes›Code of Alabama›2023 Code of Alabama›Title 16 - Education.›Chapter 18 - Public Educational Building Authorities.›Section 16-18-4 - Amendments to Certificate of Incorporation. | 2023 Code of Alabama › Title 16 - Education. › Chapter 18 - Public Educational Building Authorities. › Section 16-18-4 - Amendments to Certificate of Incorporation. | Section 16-18-4
Amendments to certificate of incorporation.
(a) The certificate of incorporation of any authority incorporated under the provisions of this chapter may at any time and from time to time be amended in the manner provided in this section.
(b) The board of directors of the authority shall first adopt a res... |
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