Title 22 — Title 22
0 chapters · 1,650 sections in this title.
Ala. Code § 22-3A-1 Legislative Findings and Declarations
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The Legislature hereby finds and declares that it is necessary, desirable and in the public interest that additional facilities be made available in this state for public health purposes. It is the intention of the Legislature by the passage of this chapter to authorize the forma…
Ala. Code § 22-3A-10 Authentication of Bonds
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The bonds shall be signed by the president of the authority and attested by its secretary; and a facsimile of the signatures of both of said officers may be printed or otherwise reproduced on any of the bonds in lieu of being manually signed if the proceedings under which the bon…
Ala. Code § 22-3A-11 Sale of Bonds
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Bonds of the authority (including refunding bonds) may be sold at such price(s) and at such time(s) as the directors may consider advantageous, either at public sale through competitive bidding or by private sale through negotiation with the prospective purchaser. The authority m…
Ala. Code § 22-3A-12 Nature of Bonds
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The bonds shall not be general obligations of the authority but shall be limited obligations payable solely from one or more specified sources, including, but not limited to, the revenues and funds appropriated and pledged therefor or authorized to be pledged therefor in Section …
Ala. Code § 22-3A-13 Tax Exemption; Use of Bonds as Security; Investment in Bonds
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The bonds and the income therefrom shall be exempt from all taxation in the state. Any of the bonds may be used by the holder thereof as security for the deposit of any funds belonging to the state or to any instrumentality or agency of the state in any instance where security fo…
Ala. Code § 22-3A-14 Refunding Bonds
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(a) Any bonds issued by the authority under this chapter may from time to time thereafter be refunded by the issuance of refunding bonds of the authority; provided, however, that no refunding bonds shall be issued unless the present value of all debt service on the refunding bond…
Ala. Code § 22-3A-15 Disposition of Proceeds of Bonds; Public Health Facilities Building Fund; Powers of Authority; Improvement and
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Construction Defined; Supervision; Bidding. (a) The proceeds of the bonds, other than refunding bonds, remaining after paying the expenses of their sale and issuance shall be turned in to the State Treasury and all income derived from the investment of said proceeds (including in…
Ala. Code § 22-3A-16 Appropriation Made; Debt Service Reserve Fund Established
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(a) For the purpose of providing funds to enable the authority to pay on their respective due dates the principal of and the interest and premium (if any) on any bonds issued by it under the provisions of this chapter and to accomplish the objects of this chapter, there is hereby…
Ala. Code § 22-3A-17 Obligations, Etc., as Obligations of Authority and Not State
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All contracts made, obligations incurred and bonds issued by the authority shall be solely and exclusively obligations of the authority and shall not create obligations or debts of the state. History: (Acts 1990, No. 90-598, §17.)
Ala. Code § 22-3A-18 Investment of Proceeds from Bond Sale; When Authorized; Application of Income
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Prior to the completion of all public health facilities described in Section 22-3A-19, any portion of the principal proceeds derived from the sale of the bonds which the board of directors may determine is not then needed for any of the purposes for which the bonds are authorized…
Ala. Code § 22-3A-19 Certain Public Health Facilities as Primary Obligation of Authority; Reimbursement to Counties; Refinancing or Refunding
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of Obligations. (a) As its primary obligation under this chapter, the authority shall, subject to the provisions of subsection (c) of this section, expend the net proceeds derived from the sale of the bonds herein provided (other than refunding bonds), together with the income fr…
Ala. Code § 22-3A-2 Definitions
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The following words and phrases used in this chapter, unless the context clearly indicates otherwise, shall have the following respective meanings: (1) AUTHORITY. The public corporation organized pursuant to the provisions of this chapter. (2) BONDS. The bonds issued under the pr…
Ala. Code § 22-3A-20 Authority as Nonprofit Corporation
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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 entity. History: (Acts 1990, No. 90-598, §20.)
Ala. Code § 22-3A-21 Dissolution of Authority
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When all bonds issued by the authority and all obligations assumed by it under the provisions of this chapter shall have been paid in full, the then president of the authority shall thereupon execute and deliver in the name of and in behalf of the authority an appropriate deed, o…
Ala. Code § 22-3A-22 Payment by State Treasurer Authorized; Records
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Out of the revenues appropriated and pledged in or pursuant to Section 22-3A-16, the State Treasurer is authorized and directed to pay the principal of and the interest and premium (if any) on the bonds on the respective due dates of such principal, interest and premium (if any),…
Ala. Code § 22-3A-23 Approval of Allocations Other Than Those in Section 22-3A- 19(A) to Be Unanimous
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Notwithstanding any provisions of this chapter, no allocations from any sources, including, but not limited to, bond proceeds and earnings thereon and debt service reserve and earnings thereon, shall be authorized for public health facilities in this state, other than allocations…
Ala. Code § 22-3A-24 Payments and Investment Agreements to Ensure Federal Tax Exemption
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The authority shall have the power to make such payments to the United States of America as the directors deem necessary to cause the interest on any bonds of the authority to be and remain exempt from federal income taxation. The authority shall have the power to make agreements…
Ala. Code § 22-3A-3 Creation of Corporation; Members. (Amended by Act 2026-327) [Effective until October 1, 2026.]
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AMENDED BY ACT 2026-327, EFFECTIVE OCTOBER 1, 2026. SEE ACT FOR REVISED LANGUAGE. The State Health Officer, the Governor or his designee, the Director of Finance of the state, the State Treasurer, one member of the state Senate to be appointed by the President of the Senate (whic…
Ala. Code § 22-3A-4 Application
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To become a corporation, the State Health Officer, the Governor or his designee, the Finance Director of the state, the State Treasurer, the member representing the House of Representatives, and the member representing the Senate shall present to the Secretary of State an applica…
Ala. Code § 22-3A-5 Certificate of Incorporation
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When the application has been made, filed, and recorded as herein provided, the applicants shall constitute a public corporation under the name proposed in the application. The Secretary of State shall make and issue to the applicants a certificate of incorporation under the Grea…
Ala. Code § 22-3A-6 (Amended by Act 2026-327) Members; Officers; Terms; Records; Meetings; Appointment of Governor’s Designee
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[Effective until October 1, 2026.] AMENDED BY ACT 2026-327, EFFECTIVE OCTOBER 1, 2026. SEE ACT FOR REVISED LANGUAGE. (a) The applicants named in the application and their respective successors in office shall constitute the members of the authority. The State Health Officer shall…
Ala. Code § 22-3A-7 Powers of Authority
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The authority shall have the following powers among others specified in this chapter: (1) To have succession by its corporate name until dissolved as provided in this chapter; (2) To sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdictio…
Ala. Code § 22-3A-8 Issuance of Bonds
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For the purposes of acquiring, constructing, installing and equipping public health facilities, the authority is hereby authorized to issue and sell from time to time its bonds, which bonds may be in the form of interest-bearing bonds or noninterest-bearing bonds. Other than refu…
Ala. Code § 22-3A-9 Form of Bonds; Redemption Option
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The bonds, which may be issued in one or more series, shall be in such forms and denominations and of such tenor and maturities, shall, if issued as interest-bearing bonds, bear such rate(s) of interest and be payable and evidenced in such manner, shall be payable in such install…