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

• Article 1 General Provisions.
• Section 41-10-1 Alabama Building Authority
  To the extent that such have not been heretofore exercised or discharged, all rights, powers, duties and liabilities of the Alabama Building Authority created by...
• Section 41-10-2 Alabama Building Finance Authority
  To the extent that such have not been heretofore exercised or discharged, all rights, powers, duties and liabilities of the Alabama Building Finance Authority created...
• Section 41-10-3 Alabama Building Corporation
  To the extent that such have not been heretofore exercised or discharged, all rights, powers, duties and liabilities of the Alabama Building Corporation created by...
• Article 2 Industrial Development Authority.
• Division 1 General Provisions.
• Section 41-10-20 Definitions
  When used in this article, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) AUTHORITY. The public corporation...
• 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 declares its intent to be as follows: In recent years changes have taken place in...
• Section 41-10-22 Authorization and procedure for incorporation
  The Secretary of the Alabama Department of Commerce, the Commissioner of Revenue and the Director of Finance may become a public corporation with the powers...
• 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, the Secretary of the Alabama Department of Commerce, the Commissioner of Revenue and the Director...
• 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 as provided in this article, the applicants shall constitute a corporation under the name proposed...
• Section 41-10-25 Composition; recordkeeping; admissibility in evidence
  (a) The applicants named in the application and their respective successors in office, the Governor, or his or her designee, an additional person to be...
• Section 41-10-26 Powers of authority generally
  The authority shall have the following powers: (1) To have succession by its corporate name until dissolved as provided in this article; (2) To institute...
• Section 41-10-26.1 Exercise of powers granted to airport authorities
  Any industrial development authority organized and incorporated under the provisions of Chapter 10 of Title 41, which owns and utilizes property that has airport facilities...
• 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 to sell and issue its bonds, not exceeding $2,600,000.00 in aggregate principal amount, for the...
• 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 corporation in Standard Industrial Code Classification 3275 shall qualify to receive in site preparation grant...
• 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 Legislature shall annually appropriate an amount up to $2,000,000 from the Capital Improvement Trust Fund...
• 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 to be deemed negotiable instruments; bonds and income therefrom exempt from taxation; use of bonds as security for deposits of funds of state, etc.; investment of certain state funds and private trust funds in bonds; public hearing or consent of Department of Finance, etc., not a prerequisite to issuance of bonds
  The bonds of the authority shall be signed by its president and attested by its secretary, and the seal of the authority shall be affixed...
• Section 41-10-29 Disposition of proceeds from sale of bonds and refunding bonds
  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...
• 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 to pay, at their respective maturities, the principal of and interest on any bonds issued...
• 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, the State Treasurer is hereby authorized and directed to pay the principal of and interest...
• 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 outstanding, the authority may be dissolved upon the filing with the Secretary of State of...
• Division 2 State Ceiling.
• Section 41-10-35 Legislative findings and intent
  The Internal Revenue Code of 1986, as amended, imposes a "state ceiling" upon the aggregate principal amount of "private activity bonds" which may be issued...
• Section 41-10-36 Definitions
  Unless the context requires otherwise, the terms defined in this section shall have the following meanings for purposes of this division: (1) AFFECTED BOND. Any...
• Section 41-10-37 Allocation procedure
  Allocations of the state ceiling shall be granted by the authority in response to applications filed with the authority by any issuer in the following...
• Section 41-10-38 Allocation formulae
  (a) The state ceiling for calendar year 1989 and thereafter is hereby allocated in its entirety to the state, and no other governmental unit, issuer,...
• Section 41-10-39 Carryforward allocation procedure
  Applications for carryforward allocations may be submitted to the authority on or after December 1 of each calendar year. The authority shall grant such carryforward...
• Section 41-10-40 Duty of fairness and impartiality in granting allocations
  Anything contained in this division to the contrary notwithstanding, the authority shall have a duty to administer the state ceiling allocation program created in this...
• Section 41-10-41 Forms, regulations, and interpretations; employment of attorneys, agents, etc
  The authority may do all other things necessary or desirable to carry out the purpose of this division, including the establishment of fees to be...
• Section 41-10-42 Designation of official for certifications
  The president of the authority is hereby designated as the state official authorized to make certifications required by Section 149(e)(2)(F) of the code.
• Section 41-10-43 Confirmation of prior allocations
  All allocations of state ceiling applicable to the state made prior to September 27, 1988, pursuant to executive orders of the Governor of the state...
• 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 of the citizens of the State of Alabama will be enhanced by the increased development...
• Section 41-10-44.2 Additional definitions
  In addition to the definitions contained in Sections 41-10-20 and 41-10-36, the following terms shall have the following meanings, respectively, when used in this Article...
• Section 41-10-44.3 Additional powers of authority
  In addition to the powers granted to it in Section 41-10-26 and in Sections 41-10-37 through 41-10-43, the authority shall have the following powers: (1)...
• Section 41-10-44.4 Determination of approved companies
  The authority shall promulgate criteria for the determination and selection of approved companies and the approval of projects proposed by such companies. Such criteria shall...
• Section 41-10-44.5 Legislative oversight of the authority
  The criteria promulgated by the authority for the selection of approved companies shall be subject to prior approval by the Legislative Council. The Legislative Council...
• Section 41-10-44.6 Project obligations generally
  (a) Issuance of project obligations. The authority is authorized and empowered to issue its project obligations from time to time for the purpose of financing...
• 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 expenses of issuance, the authority is authorized and empowered to use the proceeds of any...
• Section 41-10-44.8 Tax credits, job development fees and other incentives
  (a) Upon the issuance by the authority of its project obligations for the purpose of financing a project for an approved company with respect to...
• Section 41-10-44.9 Establishment of tax increment funds
  In order to provide a method of financing project costs other than by the issuance of project obligations payable from the amounts required to be...
• Section 41-10-44.10 Refunding obligations
  Any project obligations issued by the authority may from time to time be refunded by the issuance, by sale or exchange, of refunding bonds or...
• 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 authority of any resolution providing for the issuance of project obligations, the authority may, in...
• Section 41-10-44.12 Requirement to report to the Legislature
  The authority shall report annually to the Legislature as to its outstanding projects. Such report shall be due on the fifth legislative day of each...
• Section 41-10-44.13 Exemption from certain taxes and fees
  The income and property of the authority, all project obligations issued by the authority and the interest paid on any such project obligations, all conveyances...
• 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 proceeding, notice or approval shall be required for the issuance of any project obligations, the...
• Section 41-10-44.15 Earnings of the authority
  The authority is a nonprofit corporation and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of...
• Article 2B Accelerate Alabama Act.
• Section 41-10-45.1 Definitions
  The following words and phrases shall have the following meanings when used in this article: (a) AUTHORITY. The State Industrial Development Authority, a public corporation...
• Section 41-10-45.2 Fund created; project obligations
  (a) There is created the Accelerate Alabama Fund, which may consist of monies appropriated or otherwise made available by the Legislature in any manner, proceeds...
• 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 to pay for all or part of the eligible expenses of a qualifying project pursuant...
• Section 41-10-45.4 Repayment of loans
  (a) In order to provide for the repayment of a loan by a qualifying borrower for a project, the qualifying borrower is hereby authorized and...
• Section 41-10-45.5 Annual report; liability of state
  (a) The authority shall make an annual report to the Legislature as to the loans granted during, or outstanding at the end of, each fiscal...
• Section 41-10-45.6 Contracts; promulgation of regulations
  (a) The department and the authority may enter into contracts and other agreements in connection with the operation of the fund, including but not limited...
• Article 2C
• Section 41-10-46.01 Investment by qualified funds
  (a) Any qualified fund may invest at least three percent of its corpus in one or more approved opportunity funds. (b) The following terms shall...
• Article 3 Southern Products Mart Authority.
• Section 41-10-50 Short title
  This article shall be known as and may be cited as the Southern Products Mart Authority Act.
• Section 41-10-51 Definitions
  When used in this article, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) STATE. The State of...
• Section 41-10-52 Purpose of article; construction of article
  It is the intention of the Legislature by the passage of this article to authorize the incorporation of the Director of Finance, the Secretary of...
• 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 Department of Commerce, the State Treasurer and the Executive Secretary to the Governor are hereby...
• 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 have succession by its corporate name until it is dissolved; (2) To adopt bylaws for...
• 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 time as the board of directors may deem advantageous; provided, that the aggregate principal amount...
• 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 contain a recital that they are issued pursuant to the provisions of this article, which...
• Section 41-10-57 Execution and delivery of bonds and interest coupons
  The bonds shall be signed by the president of the authority and attested by its secretary, and all interest coupons applicable to the bonds shall...
• 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 time and from time to time as said board of directors may deem advantageous. The...
• Section 41-10-59 Refunding bonds
  Subject to the provisions contained in this article, the authority may from time to time sell and issue refunding bonds for the purpose of refunding...
• Section 41-10-60 Disposition of proceeds from sale of bonds and refunding bonds
  (a) The authority shall pay out of the proceeds from the sale of any of the bonds all expenses, including fees of agents and attorneys...
• 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 and all lease agreements made by the authority and income therefrom shall be forever exempt...
• Section 41-10-62 Liability upon bonds, debts, agreements, etc., of authority
  All debts assumed or created by the authority and all bonds issued by it shall be solely and exclusively obligations of the authority and shall...
• 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 interest on bonds
  (a) In the proceedings authorizing the issuance of any of its bonds, the authority is hereby authorized and empowered to pledge for the payment 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 the costs and expenses necessary to accomplish the purpose of this authority and for the...
• 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 State Treasurer is authorized and directed to pay the principal of and interest on 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 of the authority, the authority shall appoint and employ a certified public accountant who shall...
• 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
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• Section 41-10-68 Leasing of buildings, facilities and structures
  The authority and any person are hereby authorized to enter into a lease or leases for the use and occupancy of any or all property...
• 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 obligations assumed by it under the provisions of this article shall have been paid in...
• Article 4 State Products Mart and Coliseum Authorities.
• Section 41-10-80 Short title
  This article shall be known and may be cited as the State Products Mart and Coliseum Authority Act.
• Section 41-10-81 Definitions
  When used in this article, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) CORPORATION. A corporation organized...
• Section 41-10-82 Purpose of article; construction of article generally
  It is the intention of the Legislature by the passage of this chapter to empower each county in the state to authorize the incorporation of...
• 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 less than three, shall file with the governing body an application in writing for authority...
• 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: (1) The names of the persons forming the corporation, together with the residence of each...
• 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 by the incorporators before an officer authorized by the laws of the state to take...
• Section 41-10-86 Amendment of certificate of incorporation
  The certificate of incorporation may at any time and from time to time be amended so as to make any change therein and add any...
• 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 of board
  The corporation shall have a board of directors composed of the number of directors provided for in the certificate of incorporation and as otherwise provided...
• 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 in the certificate of incorporation of the corporation for staggered terms of office. At the...
• 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 corporation either by legislative appropriation or by executive allocation from funds of the state either...
• Section 41-10-90 Officers of corporation
  The officers of the corporation shall consist of a chairman, a vice-chairman, a secretary, a treasurer and such other officers as the board shall deem...
• Section 41-10-91 Powers of corporation - Generally
  The corporation shall have the following powers, together with all powers incidental thereto or necessary to the discharge thereof in corporate form: (1) To have...
• Section 41-10-92 Powers of corporation - Eminent domain
  The corporation shall have the same powers of eminent domain as are vested by law in the county, which powers shall be exercised in the...
• 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 authority for issuance; bonds to be deemed negotiable instruments
  The corporation is authorized at any time and from time to time to issue its interest-bearing revenue bonds for the purpose of acquiring, constructing, improving,...
• 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 providing for the issuance of bonds, the corporation may, in its discretion, cause to be...
• Section 41-10-95 Execution and delivery of bonds and interest coupons
  All bonds shall be signed by the chairman or vice-chairman of the corporation, and the seal of the corporation shall be affixed thereto and attested...
• Section 41-10-96 Security for payment of principal and interest on bonds
  The principal of and interest on the bonds shall be secured by a pledge of the rent, revenues and income out of which the bonds...
• Section 41-10-97 Disposition of proceeds from sale of bonds generally
  The proceeds derived from the sale of any bonds, other than refunding bonds, may be used only to pay the cost of acquiring, constructing, improving,...
• 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 provided for herein shall be used for the payment of fees, commission, expense, salary or...
• Section 41-10-99 Refunding bonds
  The corporation may at any time and from time to time issue refunding bonds for the purpose of refunding the principal of and interest on...
• Section 41-10-100 Investment of surplus, etc., county funds in bonds of corporation
  The governing body is authorized in its discretion to invest in bonds of the corporation any idle or surplus money held in the treasury of...
• 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 made legal investments for executors, administrators, trustees and other fiduciaries and for savings banks and...
• Section 41-10-102 Remedies upon default on bonds, etc
  (a) Remedies upon default on bonds or indenture. If there shall be any default in the payment of the principal of or interest on any...
• Section 41-10-103 Leasing of projects
  (a) Leases to municipality, county or state. The corporation, the municipality, the county and the state are hereby respectively authorized to enter into with each...
• Section 41-10-104 Conduct of sporting events, exhibits, etc., in projects
  The corporation or any lessee of the project or a part thereof shall have the right to conduct such exhibits, contests and sporting events in...
• 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 authorized to convey to the corporation, with or without the payment of monetary or other...
• Section 41-10-106 Appropriations to corporation by municipality or county authorized; limitations
  The municipality and the county are hereby each respectively authorized to appropriate and pay over to or for the use of the corporation such sums...
• Section 41-10-107 Exemption from taxation of bonds, income, projects, etc., of corporation
  Each project and the income from all leases made with respect thereto, the bonds issued by the corporation and the income therefrom and all lease...
• 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 other corporations by same county
  (a) At any time when the corporation does not have any bonds outstanding, the board may adopt a resolution, which shall be duly entered upon...
• Section 41-10-109 Construction of article
  This article shall not be construed as a restriction or limitation upon any power, right or remedy which any county or any corporation now in...
• Article 5 Historical Preservation Authorities.
• Section 41-10-135 Short title
  This article shall be known and cited as the Historical Preservation Authorities Act of 1979.
• Section 41-10-136 Definitions
  The following words and phrases used in this article and others evidently intended as the equivalent thereof shall, in the absence of clear implication in...
• Section 41-10-137 Purposes for which authorities may be formed
  Public corporations may be formed under the provisions of this article as agencies or instrumentalities of this state for any one or more or all...
• 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 provisions of this article, any number of natural persons, not less than three, shall first...
• 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 his executive order authorizing the applicants to proceed to form a public corporation, as provided...
• Section 41-10-140 Board of directors; appointment, terms, vacancies, reappointment, expenses, removal, etc
  Each authority shall be governed by a board of directors consisting of three directors, all of whom shall be persons of good moral character, duly...
• Section 41-10-141 Powers and duties of authority generally
  An authority shall have the following powers, together with all powers incidental thereto or necessary to the discharge thereof in corporate form: (1) To have...
• 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 such officers of the authority and in such manner as shall be provided in the...
• Section 41-10-143 Bonds - Contracts to secure payment of principal and interest
  As security for payment of the principal and interest on bonds issued or obligations assumed by it, an authority may enter into a contract or...
• 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 bonds may be issued pursuant to the provisions of this article may contain provisions creating...
• Section 41-10-145 Bonds - Use of proceeds from sale
  All moneys derived from the sale of any bonds issued by an authority shall be used solely for the purpose or purposes for which the...
• 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, protection or maintenance of, or interest in, any public or private property that has been...
• Section 41-10-147 Exemption from taxation, fees and costs
  Each authority formed under this article, the property and income of the authority, all bonds issued by the authority, the income from such bonds or...
• Section 41-10-148 Reports by authority to Governor
  Each authority shall submit to the Governor a detailed report of its activities during the previous year and of its financial condition. Such annual report...
• Section 41-10-149 Construction of article generally; certain provisions exclusive
  This article is intended to aid the state in the execution of its duties by providing appropriate and independent instrumentalities of the state with full...
• Section 41-10-150 Dissolution of authority; title to property vests in state
  At any time when no bonds or obligations assumed by an authority are outstanding, the board of directors of an authority may adopt a resolution,...
• Section 41-10-151 Authority organized under former law valid; reincorporation under this article
  Any authority organized under Acts 1978, No. 822, p. 1213 prior to July 19, 1979 shall continue to be valid and shall be governed by...
• 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 through 41-10-151, shall be a nonprofit corporation, and no part of its net earnings remaining...
• 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 laws of the State of Alabama governing usury or prescribing or limiting interest rates, including,...
• 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 prospectively and retrospectively, except that Sections 41-10-152 through 41-10-154 shall not apply retrospectively so as...
• Article 6 Historic Blakeley Authority.
• Section 41-10-170 Creation and purposes
  There is hereby created the Historic Blakeley Authority: (1) To establish, develop, operate, promote, protect, preserve, and maintain as a state historic park the lands...
• Section 41-10-171 Composition; appointment, terms, vacancies, etc
  The authority shall be composed of 21 members as follows: (1) Two representatives of education, one to be appointed by the President of the University...
• Section 41-10-172 Pay, emoluments, and expenses of members of the authority
  No member of the authority shall receive any pay or emolument other than his expenses incurred in the discharge of his duties as a member...
• 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 or any employee thereof to charge, receive or obtain, either directly or indirectly, any fee,...
• 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 each September on a day designated by the chairman. Eleven members shall constitute a quorum...
• Section 41-10-175 Powers and duties of authority generally
  The authority shall constitute a body corporate and shall have, in addition to those set forth specifically in this article, all powers necessary or convenient...
• 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 revenue bonds, and pledge security
  (a) The authority is authorized to take possession under a lease or a deed or other instrument granting use or easement property in Baldwin County,...
• 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 of the park or historic site hereby provided for and any appurtenances thereto in such...
• 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 any municipality in this state shall be authorized, by resolution duly adopted and recorded, to...
• 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 of the authority and the income therefrom, all lease agreements and contracts made by it,...
• 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 as state employees for the purpose of participating in any insurance programs provided for state...
• 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 regulations; police powers of authority members; designation of deputy police officers
  (a) The authority shall be a state agency, and shall have exclusive control over the Blakeley site, the historic park, recreational areas, all improvements and...
• 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 Blakeley
  The original charter of the Town of Blakeley by act of the Alabama Legislature in 1818 strengthened by an act of the Alabama state Legislature...
• 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 JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-201 Definitions
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-202 Incorporation of authority; procedure
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• 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 JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-204 Officers
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-205 Powers of authority; open meetings required
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-206 Bonds
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-207 Proceeds from sale of bonds
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-208 Refunding bonds
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-209 Exemption from taxation
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-210 Exemption from usury and interest laws
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• 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 JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-212 Exemption from competitive bid laws
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• 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 JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-214 Article cumulative
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• Section 41-10-215 Liberal construction of article
  REPEALED IN THE 2018 REGULAR SESSION BY ACT 2018-152 EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
• 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, U.S.A. Act of 1985."
• Section 41-10-231 "Authority" defined
  The word "authority" as used throughout this article shall mean "The Africatown, U.S.A. Historic Preservation Authority" unless the context clearly intends a different meaning.
• 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 historic and cultural properties at and near Africatown, U.S.A. in Mobile County, the Commissioner of...
• Section 41-10-233 Africatown, U.S.A. State Park established; description of boundaries
  There is hereby established in the City of Prichard, Alabama, the Africatown, U.S.A. State Park to recognize the significance of Africatown, U.S.A. in American history...
• 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 City of Prichard for supervision and maintenance of the park and for construction on a...
• Section 41-10-235 Commemorative markers and plaques
  The State of Alabama, in recognition of the Africatown, U.S.A. settlement, to American history and culture, hereby authorizes and empowers the City of Prichard to...
• Section 41-10-236 State advisory committee to Africatown, U.S.A. State Park
  There is hereby established a state advisory committee to the Africatown, U.S.A. State Park which shall include the Director of the state Historical Commission, 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 a state resource for reviews, research and informational update on planning, design and management of...
• Section 41-10-238 Establishment of Africatown, U.S.A. Historic Preservation Authority; duties
  In accordance with "The Historical Preservation Authorities Act of 1979," excluding any sections relating to the National Register of Historic Places as a qualifying element...
• 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 not restrict or impair the real, personal or mixed property in which any individual person,...
• Section 41-10-240 Injunction to protect property interests under Section 41-10-239
  Any person who has any interest in real, personal, or mixed property as described in Section 41-10-239 herein may enjoin the violation of, or enforce...
• Article 9 Alabama Judicial Building Authority.
• Section 41-10-260 Definitions
  The following terms, wherever used in this article, shall have the following respective meanings unless the context clearly indicates otherwise: (1) AUTHORITY. The public corporation...
• Section 41-10-261 Legislative intent; liberal construction
  It is the intent of the Legislature by the passage of this article to authorize the incorporation by the Governor, the Director of Finance and...
• Section 41-10-262 Authority to incorporate
  The Governor, the Director of Finance, the Lieutenant Governor, the Speaker of the House, and the Chief Justice may become a public corporation with the...
• Section 41-10-263 Procedure for incorporation
  To become a corporation, the Governor, the Director of Finance, the Lieutenant Governor, the Speaker of the House, and the Chief Justice shall present to...
• Section 41-10-264 Certificate of incorporation; no fees for incorporation or dissolution
  When the application has been made, filed, and recorded as provided in Section 41-10-263, the Secretary of State shall make and issue to the applicants...
• 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 in office shall constitute the members of the authority. The Governor shall be the chairman...
• Section 41-10-266 Meetings of board of directors
  The board of directors of the authority shall meet at such times upon such notice as it shall determine.
• Section 41-10-267 Powers of authority
  The authority shall have the following powers among others specified in this article: (1) To have succession by its corporate name until dissolved as provided...
• Section 41-10-268 Authorization, issuance and sale of bonds
  The authority is hereby authorized from time to time to sell and issue its interest-bearing or noninterest-bearing bonds, in one or more series, not to...
• Section 41-10-268.1 Issuance of bonds - 2007 authorization
  (a) As used in this section, the following terms shall have the following respective meanings: (1) "Authority" means the Alabama Judicial Building Authority organized pursuant...
• Section 41-10-269 Execution of bonds
  All bonds of the authority shall be signed by its chairman or vice chairman, and the seal of the authority shall be affixed thereto and...
• Section 41-10-270 Use of proceeds from sale of bonds
  All proceeds derived from the sale of any bonds (except refunding bonds) by the authority remaining after payment of the expenses of issuance thereof shall...
• 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 equipping of the judicial facilities as soon as may be practicable following the sale of...
• Section 41-10-272 Creation of fund for payment of bonds
  For the purpose of providing funds for the payment of the principal of, premium, if any, and interest on the bonds issued by the authority...
• 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 upon default
  Any resolution of the board of directors authorizing the issuance of bonds may contain any provision or agreement customarily contained in instruments securing evidences of...
• 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 hereof, the State Treasurer is authorized and directed to pay the principal of, premium, if...
• Section 41-10-275 Terms and conditions of leasing by authority
  The authority, as lessor, and the Unified Judicial System, as lessee (acting by and through the Chief Justice or his designee) are hereby authorized to...
• 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 of the bonds which the board of directors may determine is not then needed for...
• Section 41-10-277 Refunding bonds
  Any bonds issued by the authority may from time to time thereafter be refunded by the issuance of refunding bonds of the authority. Any such...
• 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 that they are issued pursuant to the provisions of this article, which recital shall be...
• Section 41-10-279 Exemption from taxation
  The properties of the authority and the income therefrom, all lease agreements made by the authority, all bonds issued by the authority and the income...
• Section 41-10-280 Bonds constitute negotiable instruments; registration of transfers
  All bonds (and income therefrom) issued by the authority shall be construed to be negotiable instruments subject to the registration provisions pertaining to transfers, even...
• Section 41-10-281 Obligations not debt of state
  All contracts made, obligations incurred and bonds issued by the authority shall be solely and exclusively obligations of the authority and shall not create obligations...
• 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 the holders thereof as security for deposits of any funds belonging to the state or...
• Section 41-10-283 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...
• Section 41-10-284 Dissolution of authority
  At any time when the bonds and other obligations of the authority have been paid in full, the authority may be dissolved upon the filing...
• Article 10 Alabama Space Science Exhibit Finance Authority.
• Section 41-10-300 Definitions
  For the purposes of this article, the following terms shall have the meanings respectively ascribed to them by this section: (1) AUTHORITY. The public corporation...
• Section 41-10-301 Purpose of article and construction
  It is the intent of the Legislature, by the passage of this article, to authorize the incorporation of a public corporation for the purposes of...
• Section 41-10-302 Incorporation of authority
  Any three individual citizens of the state selected for such purpose by the commission and approved by the Governor of the state may become a...
• Section 41-10-303 Certificate of incorporation - Application
  To become a corporation, the three individuals selected pursuant to Section 41-10-302 hereof shall present to the Secretary of State of Alabama an application signed...
• Section 41-10-304 Certificate of incorporation - Issuance
  When the application has been made, filed and recorded as provided in Section 41-10-303 hereof, the Secretary of State shall make and issue to the...
• Section 41-10-305 Members; officers; directors; quorum; vacancies; salaries and expenses; liability
  The applicants named in the application and their respective successors in office shall constitute the members of the authority. At the time of initial selection...
• Section 41-10-306 Resolutions and proceedings of board of directors
  All resolutions adopted by the board of directors shall constitute actions of the authority, and all proceedings of the board of directors shall be reduced...
• Section 41-10-307 Powers of authority
  The authority shall have the following powers among others specified in this article: (1) To have succession in its corporate name until the principal of...
• Section 41-10-308 Temporary loans in anticipation of issuance of bonds
  In anticipation of issuance of bonds under this article, the authority may, from time to time, borrow such sums as may be needed for any...
• Section 41-10-309 Execution of bonds and notes
  The bonds and notes of the authority shall be executed by the manual or facsimile signature of either its president or its treasurer, as shall...
• Section 41-10-310 Authority to issue bonds
  For the purpose of providing funds for the acquisition of sites, for the construction, reconstruction, alteration and improvement of facilities, for the procurement and installation...
• Section 41-10-311 Authority to issue refunding bonds
  The authority may, from time to time, sell and issue its refunding bonds for the purpose of refunding any matured or unmatured bonds of the...
• Section 41-10-312 Specifications and priority of bonds
  Any bonds of the authority may be executed and delivered by it at any time and from time to time, shall be in such form...
• 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 or prices and at such time or times as the board of directors of the...
• Section 41-10-314 Investment of trust funds in bonds of authority
  Any trust fund, where the investment thereof is permitted or required by law, may be invested in bonds issued by the authority. Unless otherwise directed...
• Section 41-10-315 Security for deposit of governmental funds
  Any bonds issued by the authority may be used by the holders thereof as security for deposits of any funds belonging to the state or...
• Section 41-10-316 Disposition of proceeds of bonds
  (a) All proceeds derived from the sale of any bonds, except refunding bonds, sold by the authority, remaining after payment of the expenses of issuance...
• Section 41-10-317 Investment of proceeds
  Any portion of the principal proceeds derived from the sale of the bonds which the board of directors of the authority may determine is not...
• Section 41-10-318 Security for bonds
  The principal of, premium, if any, and interest on the bonds of the authority shall be secured by any or all of the following, as...
• Section 41-10-319 Rights of holders of bonds upon default
  If there be any default by the authority in the payment of the principal of or interest on the bonds or in any of the...
• Section 41-10-320 Bonds and coupons deemed negotiable instruments
  All bonds issued by the authority, while not registered, shall be construed to be negotiable instruments even though they are payable from a limited source....
• Section 41-10-321 Obligations, bonds and notes not debts of state
  All obligations incurred by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation of the authority, payable...
• Section 41-10-322 Conveyance of property by commission; right to possession
  The chairman of the commission is authorized upon direction and authorization of the commission to execute and deliver, at any time and from time to...
• Section 41-10-323 Plans for construction of facilities
  All facilities constructed by the authority shall be constructed according to plans and specifications of architects or engineers, or both, selected by the commission. Such...
• Section 41-10-324 Leasing to commission and other agencies
  (a) The authority is hereby authorized to enter into a lease or leases of any one or more facilities constructed, acquired, reconstructed, renovated or improved...
• Section 41-10-325 Lease of vacant facilities to prevent default on bonds
  If at any time any facility constructed or acquired by the authority is, or is about to be, vacant or unused as a result of...
• Section 41-10-326 Special funds for payment of bonds, insurance, and other expenses
  In the resolution or proceedings authorizing the issuance of any bonds or any temporary loan or in any indenture of trust, the authority may provide...
• Section 41-10-327 Exemption from taxation
  The properties of the authority and the income therefrom, all lease agreements made by the authority and all bonds and promissory notes issued by the...
• Section 41-10-328 Venue for actions
  Any action to protect or enforce any rights under the provisions of this article shall be brought in the Circuit Court of Madison County, Alabama.
• Section 41-10-329 No fees for incorporation or dissolution
  There shall be no fees paid to the Secretary of State for any work done in connection with the incorporation or dissolution of the authority.
• Section 41-10-330 Dissolution
  When all bonds and securities issued by the authority and all obligations assumed by it under the provisions of this article shall have been paid...
• Section 41-10-331 Exemption of leases of facilities from competitive bid laws
  All leases of facilities made by the authority shall be exempt from the provisions and requirements of Chapter 16 of this title of the code.
• Section 41-10-332 Exemption from Sunset Law
  The authority shall not be governed by the provisions of Chapter 20 of this title of the code (originally enacted as Act No. 512 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, desirable and in the public interest that additional facilities be made available in this state...
• Section 41-10-351 Definitions
  The following terms hereafter used in this article shall have the following respective meanings: (1) AUTHORITY. The public corporation organized pursuant to the provisions of...
• Section 41-10-352 Authority for incorporation of Alabama Mental Health Finance Authority; members
  The Governor, the commissioner, the Director of Finance, the chairman of the oversight committee and the vice-chairman of the oversight committee may become a public...
• Section 41-10-353 Application for authority to incorporate
  To become a corporation, the Governor, the commissioner, the Director of Finance, the chairman of the oversight committee and the vice-chairman of the oversight committee...
• 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 herein provided, the applicants shall constitute a public corporation under the name proposed in the...
• 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 in office shall constitute the members of the authority. The Governor shall be the president...
• Section 41-10-356 Powers of authority
  The authority shall have the following powers among others specified in this article: (1) To have succession by its corporate name until dissolved as provided...
• Section 41-10-357 Authorization to issue bonds; limitation on use of proceeds
  For the purpose of acquiring, constructing, installing and equipping mental health facilities, the authority is hereby authorized to issue and sell from time to time...
• 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 series, shall be in such forms and denominations and of such tenor and maturities, shall,...
• 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 authority and attested by its secretary; provided, that a facsimile of the signatures of both...
• 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 time or times as the directors may determine at public sale pursuant to competitive bidding,...
• 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 but shall be payable solely out of the funds appropriated and pledged therefor in Section...
• 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 all taxation in the state. Any of the bonds may be used by the holder...
• Section 41-10-363 Refunding bonds; proceeds of sale of refunding bonds
  Any bonds issued by the authority under this article may from time to time thereafter be refunded by the issuance of refunding bonds of the...
• 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; disposition of moneys remaining
  The proceeds of the bonds, other than refunding bonds, remaining after paying the expenses of their sale and issuance shall be turned into the State...
• 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 to pay at their respective maturities the principal of and interest on any bonds issued...
• Section 41-10-366 Contracts, etc., do not create obligations of state
  All contracts made, obligations incurred and bonds issued by the authority shall be solely and exclusively obligations of the authority and shall not create obligations...
• 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 of the bonds which the board of directors may determine is not then needed for...
• Section 41-10-368 Authority is nonprofit corporation
  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...
• Section 41-10-369 Dissolution of authority; disposition of property upon dissolution of authority
  At any time when the bonds and other obligations of the authority have been paid in full, the authority may be dissolved upon the filing...
• 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 of this article, the State Treasurer is authorized and directed to pay the principal of...
• 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 to the United States as the directors deem necessary to cause the interest on any...
• Article 12 Alabama Supercomputer Authority.
• Section 41-10-390 Short title
  This article shall be known as the Alabama Supercomputer Authority Act.
• 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 declares its intent to be: Supercomputer technology is expected to have a significant impact on...
• Section 41-10-392 Authorization and procedure for incorporation generally
  The Governor, the Director of Finance, the Secretary of the Alabama Department of Commerce, the Lieutenant Governor and the Speaker of the House may become...
• 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 Finance, the Secretary of the Alabama Department of Commerce, the Lieutenant Governor and the Speaker...
• 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 provided in the preceding section, the Secretary of State shall make and issue to the...
• 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 directors, constituted as provided for in this section. All powers of the authority shall be...
• Section 41-10-396 Powers of authority generally
  The authority shall have the following powers among others specified in this article: (1) To have succession by its corporate names until dissolved as provided...
• Section 41-10-397 Employment of a chief executive officer and staff
  The authority may employ a chief executive officer who shall serve at the pleasure of the board of directors of the authority. The chief executive...
• Section 41-10-398 Authority to have no proprietary interest in intellectual property
  The authority and its employees shall have no proprietary interest or property right in any product, process, idea, concept or procedure subject to protection under...
• 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, processed or disseminated by the supercomputer system under the provisions of this article are the...
• Section 41-10-400 Establishment of the "Supercomputer System Fund."
  There is hereby established in the State Treasury a special fund to be known as the "Supercomputer System Fund", which shall be used exclusively for...
• Section 41-10-401 Exemption from taxation of properties, income, etc., of authority
  The properties of the authority and the income therefrom, all lease agreements made by the authority and all lien notices, mortgages, assignments and financing statements...
• Section 41-10-402 Liability upon contracts, obligations, etc., of authority
  All contracts made and obligations incurred by the authority shall be solely and exclusively obligations of the authority and shall not create debts of the...
• Section 41-10-403 Operation of authority as nonprofit corporation
  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...
• Section 41-10-404 Transfer of certain assets to authority
  Upon issuance of the certificate of incorporation, any unencumbered funds appropriated to the Department of Finance, Division of Data Systems Management, for capital outlay and...
• Section 41-10-405 Duplication of services to be avoided
  The authority shall not duplicate the services provided to agencies, departments, boards, bureaus, commissions and institutions of the State of Alabama by the Alabama Department...
• 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 determine that the services provided by the authority are no longer of benefit to the...
• Article 13 Real Estate Commission Building Authority.
• Section 41-10-420 Legislative intent
  The Legislature finds that the Real Estate Commission has acquired certain real property in Montgomery, Alabama, title to which is in the name of the...
• Section 41-10-421 Real Estate Commission Building Authority established; composition; powers
  There is hereby established the Real Estate Commission Building Authority composed of the Governor, the Chairman of the Real Estate Commission, the Director of the...
• Section 41-10-422 Commission to become public corporation
  To become a public corporation, the Governor, the Chairman of the Real Estate Commission, the Director of the Building Commission, the Lieutenant Governor and the...
• Section 41-10-423 Certificate of incorporation
  When the application has been made, filed and recorded as provided in Section 41-10-422, the Secretary of State shall make and issue to the applicants...
• Section 41-10-424 Board of directors
  (a) The authority shall be governed by a board of directors, constituted as provided for in this section. All powers of the authority shall be...
• Section 41-10-425 Powers of the authority
  The authority shall have the following powers among others specified in this article: (1) To have succession by its corporate names until dissolved as provided...
• Section 41-10-426 Notes of the authority
  The notes of the authority shall be executed by the manual or facsimile signature of either its president or its treasurer, as shall be provided...
• 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 preparation of sites, for the construction, reconstruction, alteration and improvement of facilities, for the procurement...
• 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 actions of the authority, and all proceedings of the board of directors shall be reduced...
• Section 41-10-429 Properties, etc., forever exempt from any and all taxation
  The properties of the authority and the income therefrom, all lease agreements made by the authority and all lien notices, mortgages, assignments and financing statements...
• Section 41-10-430 Contracts and obligations not debts of state
  All contracts made and obligations incurred by the authority shall be solely and exclusively obligations of the authority and shall not create debts of the...
• Section 41-10-431 Authority as nonprofit corporation
  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...
• 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 from the Real Estate Commission Fund for purposes of capital outlay by Acts of Alabama...
• Section 41-10-433 Dissolution of authority
  At any time when the incorporators named in this article determine that the services provided by the authority are no longer of benefit to the...
• Article 14 Alabama Building Renovation Finance Authority.
• Section 41-10-450 Legislative intent
  It is the intent of the Legislature by the passage of this article to authorize the incorporation of the Governor, the Director of Finance, and...
• Section 41-10-451 Definitions
  (1) AUTHORITY. The public corporation organized pursuant to the provisions of this article. (2) BONDS. Those bonds, including refunding bonds, authorized to be issued by...
• Section 41-10-452 Power to incorporate
  The Governor, the Director of Finance, and the State Treasurer may become a public corporation with the power and authority hereinafter provided, by proceeding according...
• Section 41-10-453 Provisions for incorporation
  To become a corporation, the Governor, the Director of Finance, and the State Treasurer shall present to the Secretary of State of Alabama an application...
• Section 41-10-454 Consummation of incorporation
  When the application has been made, filed, and recorded as provided in Section 41-10-453, the Secretary of State shall make and issue to the applicants...
• Section 41-10-455 Members, directors and officers of authority
  The applicants named in the application and their respective successors in office shall constitute the members of the authority. The Governor shall be the president...
• Section 41-10-456 Powers of authority
  The authority shall have the following powers among others specified in this article: (1) to have succession by its corporate name until dissolved as provided...
• Section 41-10-457 Power of condemnation
  The authority shall have the same powers of eminent domain which shall be exercised in the same manner and under the same conditions as are...
• Section 41-10-458 Authorization of bonds
  The authority is hereby authorized from time to time to sell and issue its bonds, not exceeding $29,500,000.00, exclusive of refunding bonds, in aggregate principal...
• Section 41-10-458.1 Definitions; additional authorization
  (a) Definitions. The following terms, whenever used in Act 98-245, shall have the following respective meanings unless the context clearly indicates otherwise: (1) "Authority" means...
• Section 41-10-458.2 Issuance of bonds - 2006 authorization
  (a) Definitions. The following terms, whenever used in Act 2006-618, shall have the following respective meanings unless the context clearly indicates otherwise: (1) "Authority" means...
• Section 41-10-459 Refunding bonds
  The authority may from time to time sell and issue its refunding bonds without limit as to principal amount for the purpose of refunding any...
• Section 41-10-460 Execution of bonds
  All bonds of the authority shall be signed by its president, and the seal of the authority shall be affixed thereto and attested by its...
• Section 41-10-461 Sale of bonds
  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...
• Section 41-10-462 Bonds of authority
  Any bonds of the authority may be executed and delivered by it at any time and from time to time, shall be in such form...
• Section 41-10-463 Investment of proceeds from sale of bonds
  Any portion of the principal proceeds derived from the sale of the bonds which the board of directors of the authority may determine is not...
• Section 41-10-464 Exemption from taxation
  The properties of the authority and the income therefrom, all lease agreements made by the authority, and all bonds issued by the authority and the...
• Section 41-10-465 Bonds constitute negotiable instruments
  All bonds issued by the authority shall be construed to have all the qualities and incidents of negotiable instruments subject to the registration provisions pertaining...
• Section 41-10-466 Obligations not debt of state
  All obligations incurred by the authority and all bonds issued by it shall be solely and exclusively an obligation of the authority and shall not...
• 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, and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan...
• Section 41-10-468 Use of proceeds from sale of bonds
  All proceeds derived from the sale of any bonds (except refunding bonds) sold by the authority remaining after payment of the expenses of issuance thereof...
• Section 41-10-469 Use of proceeds of refunding bonds
  The proceeds of refunding bonds shall be applied, together with any other moneys legally available therefor, to the payment of the expenses authorized by this...
• Section 41-10-470 Conveyance to authority by state
  The Governor of Alabama is authorized to execute and deliver immediately before or simultaneously with the issuance of the first bonds of the authority an...
• Section 41-10-471 Creation of fund for benefit of bonds
  For the purpose of providing funds for the payment of the principal of and interest on the bonds issued by the authority under the provisions...
• Section 41-10-472 Pledge and lien for benefit of bonds
  In the proceedings authorizing the issuance of any of its bonds, the authority is authorized and empowered to pledge for the payment of the principal...
• Section 41-10-473 State Treasurer to disburse funds
  Out of the revenues referred to in Section 41-10-471, the State Treasurer is authorized and directed to pay the principal of and interest on 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, commission, public corporation, bureau or department of the State of Alabama, or the successor in...
• Section 41-10-475 Presumption of validity of bonds and publication of notice thereof
  Any resolution authorizing any bonds hereunder shall contain a recital that they are issued pursuant to the provisions of this article, which recital shall be...
• 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 to the United States of America as the directors deem necessary to cause the interest...
• Section 41-10-477 Dissolution of authority
  When all securities issued by the authority and all obligations assumed by it under the provisions of this article shall have been paid in full,...
• Article 15 Alabama State Parking Deck Authority.
• Section 41-10-490 Definitions
  For the purposes of this article, the following terms shall have the meanings respectively ascribed to them by this section: (1) AUTHORITY. The public corporation...
• Section 41-10-491 Purpose of article and construction
  It is the intent of the Legislature, by the passage of this article, to authorize the incorporation of a public corporation for the purposes of...
• Section 41-10-492 Authority as public corporation
  The state Finance Director, the state Budget Officer and one person appointed by the Governor, one person appointed by the Speaker of the House and...
• Section 41-10-493 Application for certificate of incorporation
  To become a corporation, the individuals selected pursuant to Section 41-10-492 shall present to the Secretary of State of Alabama an application signed by them...
• Section 41-10-494 Certificate of incorporation
  When the application has been made, filed and recorded as provided in Section 41-10-493, the Secretary of State shall make and issue to the applicants...
• Section 41-10-495 Members; directors; quorum; vacancies; salaries; officers
  The applicants named in the application and their respective successors in office shall constitute the members of the authority. The members shall be eligible to...
• Section 41-10-496 Resolutions and proceedings of board of directors
  All resolutions adopted by the board of directors shall constitute actions of the authority, and all proceedings of the board of directors shall be reduced...
• Section 41-10-497 Powers generally
  The authority shall have the following powers among others specified in this article: (1) To have succession in its corporate name until the principal of...
• Section 41-10-498 Temporary loans in anticipation of issuance of bonds
  In anticipation of issuance of bonds under this article, the authority may, from time to time, borrow such sums as may be needed for any...
• Section 41-10-499 Execution of bonds and notes
  The bonds and notes of the authority shall be executed by the manual or facsimile signature of either its president or its secretary, as shall...
• Section 41-10-500 Bonds authorization
  For the purpose of providing funds for the acquisition of sites, for the construction, reconstruction, alteration and improvement of facilities, for the procurement and installation...
• Section 41-10-501 Sale and issuance of refunding bonds
  The authority may, from time to time, sell and issue its refunding bonds, without limitation as to principal amount, for the purpose of refunding any...
• Section 41-10-502 Specifications and priority of bonds
  Any bonds of the authority may be executed and delivered by it at any time and from time to time, shall be in such form...
• Section 41-10-503 Sale of bonds
  Bonds of the authority may be sold at such price or prices and at such time or times as the board of directors of the...
• Section 41-10-504 Bonds of authority eligible for investment of trust funds
  Any trust fund, where the investment thereof is permitted or required by law, may be invested in bonds issued by the authority. Unless otherwise directed...
• Section 41-10-505 Security for deposit of governmental funds
  Any bonds issued by the authority may be used by the holders thereof as security for deposits of any funds belonging to the state or...
• Section 41-10-506 Disposition of proceeds of bonds
  (a) All proceeds derived from the sale of any bonds, except refunding bonds, sold by the authority, remaining after payment of the expenses of issuance...
• Section 41-10-507 Investment of proceeds
  Any portion of the principal proceeds derived from the sale of the bonds which the board of directors of the authority may determine is not...
• Section 41-10-508 Security
  The principal of, premium, if any, and interest on the bonds of the authority shall be secured by any or all of the following, as...
• Section 41-10-509 Enforcement upon default
  If there be any default by the authority in the payment of the principal of or interest on the bonds or in any of the...
• Section 41-10-510 Bonds and coupons deemed negotiable instruments
  All bonds issued by the authority shall be construed to be negotiable instruments even though they are payable from a limited source. All coupons applicable...
• Section 41-10-511 Obligations, bonds and notes not debt of state
  All obligations incurred by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation of the authority, payable...
• 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 corporation, as appropriate, are authorized and directed to execute and deliver immediately before or simultaneously...
• Section 41-10-513 Facilities - Construction
  All facilities constructed by the authority shall be constructed according to plans and specifications of architects or engineers, or both, selected by the authority. The...
• Section 41-10-514 Leasing to state agencies
  (a) The authority is hereby authorized to enter into one or more leases of all or any part or portion of the facilities constructed, acquired,...
• Section 41-10-515 Leasing to county, municipal corporation, agency of federal government, etc
  If at any time any facility constructed or acquired by the authority is, or is about to be, vacant or unused as a result of...
• Section 41-10-516 Special funds
  For the purpose of providing funds for the payment of the principal of and interest on the bonds issued by the authority under the provisions...
• Section 41-10-517 Exemption from taxation
  The properties of the authority and the income therefrom, all lease agreements made by the authority and all bonds and promissory notes issued by the...
• Section 41-10-518 Venue for actions
  Any action to protect or enforce any rights under the provisions of this article shall be brought in the Circuit Court of Montgomery County, Alabama.
• Section 41-10-519 Fees of Secretary of State
  There shall be no fees paid to the Secretary of State for any work done in connection with the incorporation or dissolution of the authority.
• Section 41-10-520 Interest on bonds exempt from federal income tax
  The authority shall have the power to make such payments to the United States of America as the directors deem necessary to cause the interest...
• Section 41-10-521 Dissolution
  When all bonds and securities issued by the authority and all obligations assumed by it under the provisions of this article shall have been paid...
• Section 41-10-522 Exemption of leases of facilities from competitive bid laws
  All leases of facilities made by the authority shall be exempt from the provisions and requirements of Chapter 16 of this title of the code.
• Section 41-10-523 Exemption from Sunset Law
  The authority shall not be governed by the provisions of Chapter 20 of this title of the code (originally enacted as Act No. 512 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 of Alabama, acting in its own name and through various public corporations, has made substantial...
• Section 41-10-541 Definitions
  (a) The following words and phrases used in this division, and others evidently intended as the equivalent thereof, shall, in the absence of clear implication...
• Section 41-10-542 Incorporation of authority
  The Governor, the State Treasurer and the Director of Finance may become a public corporation and public instrumentality of the state with the powers herein...
• Section 41-10-543 Application for incorporation
  (a) To become the public corporation herein authorized, the Governor, the State Treasurer, and the Director of Finance shall present to the Secretary of State...
• Section 41-10-544 Certificate of incorporation
  When the application has been made, filed, and recorded, the applicants shall constitute a public corporation and public instrumentality of the state under the name...
• Section 41-10-545 Members; officers; quorum; vacancies; salaries; record of proceedings
  The applicants named in the application and their respective successors in office shall constitute the members of the authority. The Governor shall be the president...
• Section 41-10-546 Powers of authority
  The authority shall have, in addition to all other powers granted to it in this division, all of the following powers: (1) To have succession...
• Section 41-10-547 Bonds of the authority
  (a) The authority is authorized from time to time to sell and issue its bonds for the purpose of financing project costs pertaining to one...
• Section 41-10-548 Use of proceeds from bonds
  The authority is authorized and empowered to apply the proceeds of any bonds of the authority, together with any other available funds, (i) for the...
• Section 41-10-549 Payment or reimbursement of training facility management fees
  In addition to the power to finance training facility management fees through the issuance of bonds of the authority, the authority may, subject to this...
• Section 41-10-550 Appropriation and pledge of funds for authority obligations
  (a) For the purpose of providing funds to enable the authority to pay debt service referable to any bonds issued by it, amounts due on...
• 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 training facility and no funds of the authority shall be applied to payment of training...
• 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 for the issuance of authority obligations, the authority may, in its discretion, cause to be...
• Section 41-10-553 Exemption from taxes, fees, etc
  The income and property of the authority, all authority obligations and the interest paid on any such authority obligations, all conveyances by or to the...
• 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 proceeding, notice, or approval shall be required for the issuance of any authority obligations, the...
• Section 41-10-555 Exemption from competitive bid laws
  Articles 2 and 3 of Chapter 16 of this title or other similar laws, shall not apply to the authority, its directors, or any of...
• Section 41-10-556 Dissolution of authority
  At any time when no authority obligations are outstanding and the authority has no outstanding obligation with respect to payment of training facility management fees,...
• 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 may be necessary to pay and to redeem prior to their respective maturities the principal...
• Division 3 Financing Y2K Expenditures.
• Section 41-10-590 Legislative findings
  The Legislature finds and declares the following: That the State of Alabama places a high priority on the recruitment of industries to locate or expand...
• Section 41-10-591 Definitions
  (a) Except as otherwise expressly provided herein, words and phrases used in this division that are defined in Section 41-10-541, shall have the meanings assigned...
• Section 41-10-592 Authority to issue bonds to finance Y2K expenditures
  (a) The authority shall have, in addition to all other powers granted to it in Section 41-10-546, the power to issue bonds for the purpose...
• Section 41-10-593 Use of bond proceeds
  The proceeds derived from the sale of bonds issued by the authority to finance Y2K expenditures shall be deposited in the State Treasury and shall...
• Section 41-10-594 Report of expenditures; diversity requirement
  The state Finance Director shall report to the Lieutenant Governor, the President Pro Tempore of the Senate, and the Speaker of the House any purchase...
• 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 the "Alabama 21st Century Fund Act."
• Section 41-10-621 Legislative findings and purpose
  (a) The Legislature finds and declares the following: (1) The State of Alabama has a great need from time to time to have access to...
• Section 41-10-622 Definitions
  When used in this division, the following terms shall have the following meanings, unless the context clearly indicates otherwise: (1) APPROPRIATED FUNDS. The tobacco revenues...
• Section 41-10-623 Incorporation of authority authorized; application; filing
  (a) To become a public corporation and instrumentality of the state with the powers herein provided, the Governor, the state Commissioner of Revenue, and the...
• Section 41-10-624 Members, officers, and directors
  The applicants named in the application and their respective successors in office shall constitute the members of the authority. The Governor shall be the president...
• Section 41-10-625 Powers of the authority
  The authority shall have, in addition to all other powers granted to it in this division, all of the following powers: (1) To have succession...
• Section 41-10-626 Bonds of the authority
  (a) General. The authority is authorized from time to time to sell and issue its bonds in limited amounts and for the purpose of promoting...
• Section 41-10-627 Refunding bonds
  (a) Any bonds issued by the authority may from time to time be refunded by the issuance, sale, or exchange of refunding bonds for the...
• Section 41-10-628 Disposition of proceeds of bonds
  (a) The authority is authorized and empowered to apply the proceeds of any bonds for any of the following purposes or uses: (1) For the...
• Section 41-10-629 Alabama 21st Century Fund
  For the benefit of the State of Alabama and the citizens thereof, there is hereby created a special fund named the "Alabama 21st Century Fund"...
• Section 41-10-630 Pledge and appropriation of tobacco revenues to redeem bonds
  There is hereby irrevocably pledged and appropriated such amounts of tobacco revenues retained in the special fund, and earnings thereon, as shall be necessary to...
• Section 41-10-631 Notice; contested actions
  (a) Upon the adoption by the directors of any resolution providing for the issuance of bonds, the authority may cause to be published once a...
• Section 41-10-632 Tax exemption
  The income and property of the authority, all bonds of the authority and the interest paid on any such bonds, all conveyances by or to...
• Section 41-10-633 Notice and hearing not required
  Except as may be expressly provided in this division, no proceeding, notice, or approval shall be required for the issuance of any bonds by the...
• Section 41-10-634 Application of other laws
  Articles 2 and 3 of Chapter 16 of this title, and other similar laws shall not apply to the authority, its directors, or any of...
• Section 41-10-635 Dissolution
  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...
• Section 41-10-636 Racial and ethnic diversity
  The Alabama 21st Century Authority shall, to the extent practical, utilize businesses and companies in all aspects of the bond and construction sections of this...
• Section 41-10-637 Utilization of services provided by Department of Finance
  The authority shall utilize all administrative services which may be provided by the state Department of Finance.
• Section 41-10-638 Transfers from the special fund
  (a) All monies in the special fund in excess of the monies to be retained therein as provided in Section 41-10-629 shall be immediately transferred...
• Section 41-10-639 Liberal construction
  This division being remedial in nature, it shall be liberally construed to effect its purpose.
• Section 41-10-640 Alabama Construction Recruitment Institute - Application
  Transferred to §41-10-723 by Act 2010-220, p. 365, §3, effective March 22, 2010.
• Section 41-10-641 Alabama Construction Recruitment Institute - Board of directors
  Transferred to §41-10-724 by Act 2010-220, p. 365, §3, effective March 22, 2010.
• Section 41-10-642 Alabama Construction Recruitment Institute - Powers
  Transferred to §41-10-725 by Act 2010-220, p. 365, §3, effective March 22, 2010.
• Section 41-10-643 Alabama Construction Recruitment Institute - Records
  AMENDED AND RENUMBERED §41-10-726 BY ACT 2010-220, EFFECTIVE MARCH 22, 2010.
• Section 41-10-644 Applicability
  Nothing in Act 2009-563 shall apply to anyone licensed by the Home Builders Licensure Board or any subcontractor working on any residential project falling under...
• Division 2 Job Development Act of 1999.
• Section 41-10-650 Short title
  This division shall be known and may be cited as the "Job Development Act of 1999."
• Section 41-10-651 Legislative findings
  (a) The Legislature finds and declares the following: (1) That it is appropriate and necessary that measures be taken to secure to the citizens of...
• Section 41-10-652 Definitions
  When used in this division, the following terms shall have the following meanings unless the context clearly indicates otherwise: (1) ANCILLARY COSTS shall mean the...
• Section 41-10-653 Powers of the authority
  The authority shall have, in addition to all powers heretofore granted to the authority pursuant to Division 1, the following powers: (1) To sell and...
• Section 41-10-654 Bonds of the authority
  (a) General authorization to issue bonds. The authority is authorized from time to time to sell and issue the bonds in one or more series...
• Section 41-10-655 Debt service
  There is hereby irrevocably pledged and appropriated such amount of pledged revenues deposited in the special fund, and earnings thereon, as may be necessary to...
• Section 41-10-656 Use of bond proceeds
  (a) The proceeds derived from the sale of the bonds shall be deposited in the State Treasury and shall be carried in a separate fund...
• Section 41-10-657 Payment of training costs
  In addition to the power to finance the payment of training costs through the issuance of the bonds, the authority may, if it determines that...
• Section 41-10-658 Construction of division
  This division being remedial in nature, it shall be liberally construed to effect its purpose.
• Division 3 Job Development Act of 2001.
• Section 41-10-670 Short title
  This division shall be known and may be cited as the "Job Development Act of 2001."
• Section 41-10-671 Legislative findings and purpose
  (a) The Legislature finds and declares the following: (1) That it is appropriate and necessary that measures be taken to secure to the citizens of...
• Section 41-10-672 Definitions
  When used in this division, the following terms shall have the following meanings unless the context clearly indicates otherwise: (1) ANCILLARY COSTS shall mean the...
• Section 41-10-673 Powers and duties of the authority
  The authority shall have, in addition to all powers heretofore granted to the authority pursuant to the enabling act, the following powers: (1) To sell...
• Section 41-10-674 Authorization to issue bonds
  (a) General. The authority is authorized from time to time to sell and issue the bonds in one or more series in an aggregate principal...
• Section 41-10-675 Pledge and appropriation of pledged revenues
  There is hereby irrevocably pledged and appropriated such amount of pledged revenues deposited in the special fund, and earnings thereon, as may be necessary to...
• Section 41-10-676 Use of bond proceeds
  (a) The proceeds derived from the sale of the bonds shall be deposited in the State Treasury and shall be carried in a separate fund...
• Section 41-10-677 Payment of training costs directly out of pledged revenues
  In addition to the power to finance the payment of training costs through the issuance of the bonds, the authority may, if it determines that...
• Section 41-10-678 Appointments
  The authority shall attempt to hire or contract with businesses or individuals which reflect the racial and ethnic diversity of the state.
• Section 41-10-679 Competitive bid
  Notwithstanding any contrary provision set forth in the Enabling Act, the contracts awarded by the authority with respect to the acquisition, construction, and equipping of...
• Section 41-10-680 Liberal construction
  This division being remedial in nature, it shall be liberally construed to effect its purpose.
• 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 March 22, 2010.
• Section 41-10-701 Fee imposed on wages of certain employees
  Transferred to §41-10-728 by Act 2010-220, p. 365, §4, effective March 22, 2010.
• Section 41-10-702 Duties of department
  Transferred to §41-10-729 by Act 2010-220, p. 365, §4, effective March 22, 2010.
• Section 41-10-703 Failure to pay fee
  Transferred to §41-10-730 by Act 2010-220, p. 365, §4, effective March 22, 2010.
• Section 41-10-704 Disposition of funds
  Transferred to §41-10-731 by Act 2010-220, p. 365, §4, effective March 22, 2010.
• Section 41-10-705 Applicability
  Transferred to §41-10-732 by Act 2010-220, p. 365, §4, effective March 22, 2010.
• 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 time, the level of activity in our construction industry is a primary yardstick for measuring...
• Section 41-10-721 Definitions
  For purposes of this article, the following terms have the following meanings: (1) CONSTRUCTION CRAFT INDUSTRY FEES. Revenues received by the state in the form...
• Section 41-10-722 Recruitment and Training Promotion Fund
  The Recruitment and Training Promotion Fund, created pursuant to Act 2009-563 for the benefit of the State of Alabama and the citizens thereof, shall continue...
• Section 41-10-723 Alabama Construction Recruitment Institute - Application
  (a) The Alabama Construction Recruitment Institute shall be incorporated as a public corporation with the powers herein provided. (b) The Governor, the state Commissioner of...
• Section 41-10-724 Alabama Construction Recruitment Institute - Board of directors
  (a) All powers of the institute shall be exercised by or under the authority of, and the business and affairs of the institute shall be...
• Section 41-10-724.1 Alabama Construction Recruitment Institute - Sunset provision
  The Alabama Construction Recruitment Institute shall be subject to the Alabama Sunset Law, Chapter 20, Title 41, as an enumerated agency as provided in Section...
• Section 41-10-725 Alabama Construction Recruitment Institute - Powers
  The institute shall have the following powers: (1) To design, implement, and amend a program or programs to provide for the recruitment of, and the...
• Section 41-10-726 Alabama Construction Recruitment Institute - Records
  The records of the institute shall be subject to the public records laws of this state, as amended, with the exception of any personal information...
• Division 2 Construction Craft Industry Fee.
• Section 41-10-727 Definitions
  As used in this division, the following words shall have the following meanings: (1) DEPARTMENT. The Department of Revenue. (2) EMPLOYEE. An employee, as defined...
• Section 41-10-728 Fee imposed on wages of certain employees
  (a) In addition to all other taxes now imposed by law, there is hereby levied and imposed a fee on the wages, as defined in...
• Section 41-10-729 Duties of department
  It shall be the duty of the department to administer this division. The department may adopt, amend, or rescind rules and employ persons, make expenditures,...
• Section 41-10-730 Failure to pay fee
  In the event an employer fails to pay to the department any amount required to be paid under this division, that amount may be assessed...
• Section 41-10-731 Disposition of funds
  (a) Any fees required by this division shall be remitted to the department and, after the cost appropriation in subsection (c), shall be deposited to...
• Section 41-10-732 Applicability
  Nothing in this division, including the fees collected pursuant to this division, shall apply to any person or entity licensed by the Alabama Home Builders...
• Article 19 Alabama Economic Settlement Authority.
• Section 41-10-750 Legislative Findings and Purpose
  (a) The Legislature finds and declares the following: (1) In recent years, withdrawals have been made from the Alabama Trust Fund and the General Fund...
• Section 41-10-751 Definitions
  When used in this article, the following terms shall have the following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST FUND. The trust...
• Section 41-10-752 Incorporation of authority authorized; application; filing
  (a) To become a public corporation and instrumentality of the state with the powers herein provided, the Governor, the State Treasurer, the Speaker of the...
• Section 41-10-753 Members, officers, and directors
  The applicants named in the application and their respective successors in office shall constitute the members of the authority. The president, vice president, and secretary...
• Section 41-10-754 Powers of the authority
  The authority shall have, in addition to all other powers granted to it in this article, all of the following powers: (1) To have succession...
• Section 41-10-755 Bonds of the authority
  (a) General. The authority is authorized from time to time to sell and issue its bonds for the purpose of providing funds to be transferred...
• Section 41-10-756 Refunding bonds
  (a) Any bonds issued by the authority may from time to time be refunded by the issuance, sale, or exchange of refunding bonds for the...
• Section 41-10-757 Disposition of proceeds of bonds
  (a) The authority is authorized and empowered to apply the proceeds of any bonds and any other funds belonging to the authority for any of...
• Section 41-10-758 Creation of special fund
  For the benefit of the State of Alabama and the citizens thereof, there is hereby created a special fund named the BP Settlement Fund which...
• Section 41-10-759 Pledge and appropriation of BP settlement revenue to pay bonds
  There is hereby irrevocably pledged and appropriated such amounts of the BP settlement revenues retained in the special fund, and earnings thereon, as shall be...
• Section 41-10-760 Notice - Contested actions
  (a) Upon the adoption by the directors of any resolution providing for the issuance of bonds, the authority may cause to be published once a...
• Section 41-10-761 Tax exemption
  The income and property of the authority, all bonds of the authority and the interest paid on any such bonds, all conveyances by or to...
• Section 41-10-762 Notice and hearing not required
  Except as may be expressly provided in this article, no proceeding, notice, or approval shall be required for the issuance of any bonds by the...
• Section 41-10-763 Applicability of other laws
  Articles 2 and 3 of Chapter 16, Title 41, and other similar laws shall not apply to the authority, its directors, or any of its...
• Section 41-10-764 Dissolution
  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...
• Section 41-10-765 Diversity
  In connection with the sale of its bonds, the authority shall, to the extent practical, utilize businesses and companies that reflect the racial and ethnic...
• Section 41-10-766 Services provided by Department of Finance
  The authority shall utilize all administrative services which may be provided by the state Department of Finance.
• Section 41-10-767 Bonds are legal investments
  Bonds issued by the authority are hereby made a legal investment for savings banks and insurance companies organized under the laws of the state and...
• Section 41-10-768 Legislative intent
  It is the intent of the Legislature that payments allocated in Section 41-10-757 to the Alabama Trust Fund for the purpose of repaying amounts transferred...
• Section 41-10-769 Liberal construction
  This article and Section 18 of Act 2015-540, as amended by Act 2016-469 shall be liberally construed to effect its purpose.
• Article 10-20

Last modified: May 3, 2021