Individuals & Families
Small Businesses
Nonprofits
Employers
Employee Benefits Brokers
PEOs
Credit Unions
Membership Groups
Legal Information
Sign In
/
U.S. State Codes
/
Alabama
/
Title 41 - State Government.
/
Chapter 10 - Authorities.
/
Article 2 - Industrial Deve...
/
Division 1 - General Provisions.
Division 1 - General Provisions.
Section 41-10-20 - Definitions.
Section 41-10-21 - Legislative findings of fact and declaration of intent; construction of article.
Section 41-10-22 - Authorization and procedure for incorporation.
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.
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.
Section 41-10-25 - Composition; recordkeeping; admissibility in evidence.
Section 41-10-26 - Powers of authority generally.
Section 41-10-26.1 - Exercise of powers granted to airport authorities.
Section 41-10-27 - Issuance and sale of bonds for purpose of making grants for certain purposes authorized; terms and conditions.
Section 41-10-27.1 - State preparation grant money for raw or completely undeveloped sites.
Section 41-10-27.2 - Appropriation of funds for payment of industrial development site grants.
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.
Section 41-10-29 - Disposition of proceeds from sale of bonds and refunding bonds.
Section 41-10-30 - Pledge and appropriation of certain tax receipts for sinking fund for payment of principal and interest on bonds.
Section 41-10-31 - Payment of principal and interest on bonds and maintenance of records pertaining thereto by State Treasurer.
Section 41-10-32 - Dissolution of authority; title to property of authority to vest in state upon dissolution of authority.