Code of Alabama - Title 9: Conservation and Natural Resources - Chapter 14A - Alabama Public Recreational and Historical Facilities Improvement Act

• Section 9-14A-1 Short title
  This chapter shall be known as the "Alabama Public Recreational and Historical Facilities Improvement Act."
• Section 9-14A-2 Legislative findings
  The Legislature hereby finds and declares that it is necessary, desirable and in the public interest that the state parks system, public historical sites, and...
• Section 9-14A-3 Definitions
  Where used in this chapter the following words and terms shall be given the following respective meanings unless the context hereof clearly indicates otherwise: (a)...
• Section 9-14A-4 Alabama State Parks System Improvement Corporation
  (a) The Governor, the Lieutenant Governor or his or her designee, the President Pro Tempore of the Senate or his or her designee, the Speaker...
• Section 9-14A-5 Alabama Public Historical Sites and Parks Improvement Corporation
  (a) The Governor, the Lieutenant Governor or his or her designee, the President Pro Tempore of the Senate or his or her designee, the Speaker...
• Section 9-14A-6 Powers
  The corporations created in Sections 9-14A-4 and 9-14A-5 shall each have the following powers: (a) To have succession by its corporate name without time limit....
• Section 9-14A-7 Additional powers of Alabama State Parks System Improvement Corporation
  In addition to the powers provided in the above Section 9-14A-6, the Alabama State Parks System Improvement Corporation shall have the following powers: (a) To...
• Section 9-14A-8 Additional powers of the Alabama Public Historical Sites and Parks Improvement Corporation
  In addition to the powers provided in the above Section 9-14A-6, the Alabama Public Historical Sites and Parks Improvement Corporation shall have the following powers:...
• Section 9-14A-9 Bonds - Generally
  The bonds issued pursuant to this act shall not be obligations of said corporations but shall be general obligations of the state with the full...
• Section 9-14A-10 Bonds - Payment; records
  The State Treasurer is authorized and directed to pay the principal of, premium, if any, and interest on the bonds issued under the provisions of...
• Section 9-14A-11 Bonds - Redemption
  The bonds of each series issued pursuant to this chapter may be issued as serial bonds payable in annual installments or as term bonds or...
• Section 9-14A-12 Bonds - Sale and execution
  The bonds of each series thereof issued pursuant to this chapter shall be sold by the corporations at public sale as provided in the amendment....
• Section 9-14A-13 Bonds - Proceeds - Alabama State Parks System Improvement Fund
  The proceeds derived from the sale of each series of the bonds issued pursuant to this chapter by the Alabama State Parks System Improvement Corporation...
• Section 9-14A-14 Bonds - Proceeds - Alabama Public Historical Sites and Parks Improvement Fund
  The proceeds derived from the sale of each series of the bonds issued pursuant to this chapter by the Alabama Public Historical Sites and Parks...
• Section 9-14A-15 Bonds - Proceeds - Disposition
  Upon order of the respective board of directors of the corporations, all expenses incurred in connection with the authorization, preparation, sale, and issuance of bonds...
• Section 9-14A-16 Refunding bonds
  Pursuant to the provisions of the aforesaid amendment and this chapter, the corporations may, at any time and from time to time, issue for the...
• Section 9-14A-17 Use of bonds
  All bonds, including refunding bonds, issued pursuant hereto, and the income therefrom, including the interest income thereon, shall be free from all taxation by the...
• Section 9-14A-18 Contracts
  All contracts of the corporations for the acquisition, provision, construction, improvement, renovation, equipping, and maintenance of the state parks system, public historical sites and public...
• Section 9-14A-19 Bonds - Proceeds - Alabama State Parks System Maintenance Fund
  Except as provided herein, the proceeds from the bonds issued by the Alabama State Parks System Improvement Corporation and interest income thereon are appropriated for...
• Section 9-14A-20 Bonds - Proceeds - Appropriations
  The proceeds from the bonds issued by the Alabama Public Historical Sites and Parks Improvement Corporation and interest income thereon shall be appropriated as follows:...
• Section 9-14A-21 Joint Legislative Committee on State Parks
  (a) Any appropriations made herein shall be subject to the study, review, concurrence, and approval of the Joint Legislative Committee on State Parks, previously established...
• Section 9-14A-22 Dissolution of corporations
  At any time when no bonds of the corporations are outstanding the corporations may be dissolved upon each filing with the Secretary of State an...
• Section 9-14A-23 Tax exemption
  The corporations on behalf of the state shall have the power to provide for such payments to the United States of America as the directors...

Last modified: May 3, 2021