143 chapters · 3,669 sections in this title.
Ala. Code § 11-47-230 Compliance with State Laws Governing Competitive Bidding
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An authority and all contracts made by it shall comply with the laws of the state requiring competitive bids for any contract to be entered into by municipalities or public corporations including, without limitation, the provisions of Article 3 of Chapter 16 of Title 41. (Acts 19…
Ala. Code § 11-47-231 Bonds as Legal Investments
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The bonds of an authority shall be legal investments in which the state and its agencies and instrumentalities, all counties, municipalities, and other political subdivisions of the state and public corporations organized under the laws thereof, all insurance companies and associ…
Ala. Code § 11-47-232 Authority as Nonprofit Corporation
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An 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 individual, firm, or corporation, except that in the event a board shall determine that sufficient provision has been made for t…
Ala. Code § 11-47-233 Notice Respecting Issuance of Bonds; Limitation of Actions Contesting Validity of Bonds
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Upon the adoption by the board of an authority of any resolution providing for the issuance of bonds, the authority shall cause a notice respecting the issuance of the bonds to be published once a week for two consecutive weeks in each county in which shall be located any project…