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143 chapters · 3,669 sections in this title.
Ala. Code § 11-64-1 Definitions
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As used in this chapter, the following words and terms shall have the following respective meanings: (1) CONDITIONS OF A GRANT. The terms and conditions upon which a grant is made by a donor. (2) DONOR. The United States, or the state, or any county in the state or any municipali…
Ala. Code § 11-64-2 Power and Authority of Grantees
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Each grantee shall have the power, and, when approved by its governing body, the authority, to do or perform any one or more of the following: (1) To apply to any donor for a grant and to pay the expenses involved in making such application; (2) To accept and receive grants from …
Ala. Code § 11-64-3 Power and Authority of Municipalities and Public Corporations
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Each municipality and each public corporation shall have the power and, when approved by its governing body, the authority, to do or perform any one or more of the following: (1) To anticipate the receipt of any grant either by loan or by assignment or both; to issue securities t…
Ala. Code § 11-64-4 Securities; Maturity; Total Principal Amount; Denomination and Tenor; Execution; Coupons for Interest
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Securities issued under the authority of this chapter shall mature at such time or times as the governing body of the issuer shall determine, not later than the date on which the last installment of the grant is reasonably expected to be received. The total principal amount of se…