16 chapters · 278 sections in this title.
Ala. Code § 14-2-30 Facilities - Leasing - County, Municipal Corporation, Agency of Federal Government, Etc
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If at any time any facility constructed by the authority is, or is about to be, vacant or unused as a result of there being no lease for such facility in effect for the current fiscal year, then, but only in such event, in order to prevent default on its bonds, the authority is h…
Ala. Code § 14-2-30.1 Facilities-Lease or Purchase of Prison Facility in Perry County
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The state, through any of its departments or agencies or a subdivision thereof, shall lease or purchase upon commercially reasonable terms, or a combination thereof, the existing prison facility in Perry County to be utilized by the department or any other state department or age…
Ala. Code § 14-2-31 Special Funds
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In the resolution or proceedings authorizing the issuance of any bonds, any temporary loans or in any indenture of trust, the authority may provide for the establishment of one or more special funds for the payment of the principal of, or interest on, the bonds, certificates or n…
Ala. Code § 14-2-32 Exemption from Taxation
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The properties of the authority and the income therefrom, all lease agreements made by the authority and all bonds issued by the authority, the coupons applicable thereto, the income therefrom and all lien notices with respect thereto shall be forever exempt from any and all taxa…