Article 5 - Alabama Toll Road, Bridge and Tunnel Authority.

Article 5 - Alabama Toll Road, Bridge and Tunnel Authority.

Section 23-2-140 - Short title.
Section 23-2-141 - Intent and purpose of article.
Section 23-2-142 - Definitions.
Section 23-2-143 - Authority established; composition; meetings; fidelity bonds; compensation.
Section 23-2-144 - Powers of the authority.
Section 23-2-145 - Advertisement for construction bids; award of contract; work done by force account; further considerations by the authority.
Section 23-2-146 - Grade separations at intersections; relocation of public highways; authority to enter private lands to drill, survey, etc.; relocation, etc., of public utility facilities; procedures; costs.
Section 23-2-147 - Bonds; issuance; forms; procedures, etc.
Section 23-2-148 - Refunding bonds; purposes.
Section 23-2-149 - Trust agreements securing bond issues; authorized provisions protecting holders; pledge of revenues.
Section 23-2-150 - Authority to collect tolls, revenues, etc.; to lease to utilities; toll rates adjusted to conform to trust agreement.
Section 23-2-151 - Revenues deemed trust funds; depository deemed trustee.
Section 23-2-152 - Bondholder's and trustee's rights of enforcement; scope of rights.
Section 23-2-153 - Tax exempt status of authority's property and revenues; rationale.
Section 23-2-154 - Bonds legal investments for all purposes; entitled to be deposited with state officers or agencies.
Section 23-2-155 - Authority to maintain own toll roads, bridges, and tunnels.
Section 23-2-156 - Rules and regulations governing use of toll roads, etc.; violations; penalties; law enforcement.
Section 23-2-157 - Lease, grant, etc., of county, city, etc., property to authority.
Section 23-2-158 - Annual report to Legislature; contents; annual audit; expense.
Section 23-2-159 - Conflict of interest; penalty.
Section 23-2-160 - Transfer of projects to state highway system.
Section 23-2-161 - Study of proposed projects; reimbursement of funds; indebtedness.
Section 23-2-162 - Advertisement of plans; public hearing.
Section 23-2-163 - Applicability to existing roadway capacity.

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