Code of Alabama - Title 16: Education - Chapter 16A - Base Realignment and Closure Distributions

• 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....
• 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...
• 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...
• 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...
• 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...
• 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...
• 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...
• 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.
• 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...

Last modified: May 3, 2021