137 chapters · 2,056 sections in this title.
Ala. Code § 16-6K-4 Alabama State Charter School Finance Authority — Creation; Composition; Board of Directors; Proceedings; Liability
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There is hereby created a public body corporate and politic to be known as the Alabama State Charter School Finance Authority. The authority shall not be a state institution nor a department or agency of the state but shall be a public instrumentality performing an essential gove…
Ala. Code § 16-6K-5 Alabama State Charter School Finance Authority — Powers
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The authority shall have the following powers: (1) To adopt an official seal and alter the same at its pleasure. (2) To sue and be sued in contract and in tort and to complain and defend in all courts of law and equity. (3) To maintain an office at such a place or places as it ma…
Ala. Code § 16-6K-6 Bonds — Issuances; Payment and Security; Execution and Delivery
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(a) The authority is authorized and empowered to issue its bonds from time to time for the purpose of making financing loans to finance project costs incurred or to be incurred by state charter educational institutions. The bonds may be in such an aggregate principal amount as th…
Ala. Code § 16-6K-7 Bonds — Use of Funds
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(a) After making adequate provision for the payment of the expenses of issuance, the authority is authorized and empowered to use the proceeds of any bonds, together with any other available funds: (i) to finance project costs through financing loans to state charter educational …