Title 41

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 applicants a certificate of incorporation pursuant to this article, under the Great Seal of the State, and shall record the certificate …

(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 exercised by the board or pursuant to its authorization. The directors shall elect officers of the board. The presence of a majority of t…

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 in this article; (2) To institute legal proceedings in any court of competent jurisdiction to enforce its contractual, s…

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 officer shall perform such duties as may be assigned to him or her by the authority and such duties as are required of him or her by …

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 a copyright, patent, or trade secret law, which was developed, invented or discovered through the utilization of i…

(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 responsibility of the person, organization, or entity collecting, storing, processing, or disseminating su…

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 the operation of the authority. All fees, charges, grants, gifts, appropriations, or other moneys received by the authority from an…

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 filed with respect thereto shall be forever exempt from any and all taxation of the State of Alabama. (Acts …

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 State of Alabama. (Acts 1989, No. 89-704, p. 1402, §13.)

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 of any private person or entity. (Acts 1989, No. 89-704, p. 1402, §14.)

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 operation and maintenance of the supercomputer system, are hereby transferred to the Supercomputer Syst…

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 of Finance. All telecommunications services used by the authority must have prior approval of the Dat…

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 entities served by the authority and that all obligations of the authority have been paid in full, the authority may be dissolved up…

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 State of Alabama, for the purpose of erecting a building to house the offices of the Real Estate Commission. The Real Estate Commi…

There is hereby established the Real Estate Commission Building Authority composed of the Governor, the Chair of the Real Estate Commission, the Director of the Division of Construction Management of the Department of Finance, the Lieutenant Governor, and the Speaker of the House…

To become a public corporation, the Governor, the Chair of the Real Estate Commission, the Director of the Division of Construction Management of the Department of Finance, the Lieutenant Governor, and the Speaker of the House, shall present to the Secretary of State an applicati…

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 a certificate of incorporation pursuant to this article, under the Great Seal of the State, and shall record the certificate wit…

(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 exercised by said board or pursuant to its authorization. The directors shall elect officers of the board. The presence of a majority of …

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 in this article; (2) To institute or maintain legal proceedings in any court of competent jurisdiction to enforce its co…

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 in the resolution under which such securities shall be issued, and the seal of the authority or a facsimile thereof shall be affixed to…

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 and installation of equipment therefor, and for payment of obligations incurred and the principal …

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 to writing by the secretary of the authority, which shall be signed by the members of the authority and shall be recorded in…

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 filed with respect thereto shall be forever exempt from any and all taxation of the State of Alabama and it…

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 State of Alabama. (Acts 1990, No. 90-293, p. 396, §11.)

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 of any private person or entity. (Acts 1990, No. 90-293, p. 396, §12.)

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 88-777 and 88-953, which remain unspent or unencumbered, are hereby transferred to a fund in the State Treasury to be k…

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 entities served by the authority and that all obligations of the authority have been paid in full, the authority may be dissolved upon th…

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 the State Treasurer as a public corporation for the sole purpose of constructing, renovating, reconstructing, improving, altering, addin…

(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 the authority pursuant to act of the Legislature. (3) GOVERNMENT SECURITIES. Any bonds or other obligations wh…

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 to the provisions of this article. (Acts 1990, No. 90-602, p. 1079, §3.)

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 signed by them which shall set forth: (1) the name, official designation, and official residence of each of the applicants, to…

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 a certificate of incorporation pursuant to this article, under the Great Seal of the State, and shall record the certificate wit…

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 of the authority, the Director of Finance shall be the secretary of the authority, and the State Treasurer shall be…

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 in this article; (2) to sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdictio…

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 provided by law for the exercise of the powers of eminent domain by the State of Alabama. (Acts 1990, No. 90-602, p. 1079, §8.)

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 amount, and in such additional aggregate principal amounts as shall be authorized by act of the Legislature, for th…

(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 Alabama Building Renovation Finance Authority established pursuant to the 1990 Act. (2) “Bonds” (e…

(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 Alabama Building Renovation Finance Authority established pursuant to the 1990 Act. (2) “Bonds” …

(a) Definitions. The following terms, whenever used in this section, have the following respective meanings unless the context clearly indicates otherwise: (1) “Authority” means the Alabama Building Renovation Finance Authority established pursuant to the 1990 Act. (2) “Bonds” (e…

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 bonds of the authority at the time outstanding, paying the expenses of issuance thereof and paying any premiums necessary to be paid to red…

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 secretary. The signatures of the president and secretary may be facsimile signatures and a facsimile of the seal of the authority may be imprint…

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 in one initial resolution of the board of directors with the pledges therefor made in such initial resolution although some of the details applicable to each …

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 and denominations and of such tenor and maturities, shall bear such rate or rates of interest, payable and evidenced in such manner, may contain provisions for …

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 then needed for any of the purposes for which the bonds are authorized to be issued shall, on order of the authority, be invested by the Sta…

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 income therefrom and all lien notices filed with respect thereto shall be forever exempt from any and all taxation in the State of A…

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 to transfers. (Acts 1990, No. 90-602, p. 1079, §16.)