143 chapters · 3,669 sections in this title.
Ala. Code § 11-32-1 Legislative Findings
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(a) The Legislature finds, determines, and hereby declares that, in counties having a population of not less than 600,000, there are conditions present that are not present in counties with lesser populations. Those conditions include, but are not limited to, the following: (1) T…
Ala. Code § 11-32-10 Bonds - Contracts as Security for Payment
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(a) As security for payment of the principal of and the interest on bonds issued or obligations assumed by it, the authority may enter into one or more contracts binding itself for the following: (1) The proper application of the proceeds of bonds and other funds, for the continu…
Ala. Code § 11-32-11 Statutory Mortgage Lien
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A resolution of the board or trust indenture under which bonds may be issued pursuant to this chapter may contain provisions creating a statutory mortgage lien, in favor of the holders of the bonds, on the transit systems, or including any after-acquired property out of the reven…
Ala. Code § 11-32-12 Use of Bond Proceeds
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All moneys derived from the sale of any bonds issued by the authority shall be used solely for the purposes for which the moneys are authorized and any costs and expenses incidental thereto. The costs and expenses may include, but shall not be limited to, the following: (1) The f…