Title 16 — Title 16

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §2.)

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §10.)

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §11.)

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §12.)

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §13.)

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §1.)

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §3.)

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §4.)

Paid. Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §5.)

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §6.)

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §7.)

Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §8.)

Bonds; Security for Payment; Bonds to Be Negotiable Instruments; Exemption from Taxation; Bonds Legal Investments. Repealed by Act 2015-70 effective April 21, 2015. History: (Acts 1959, 2nd Ex. Sess., No. 126, p. 369, §9; Acts 1969, No. 782, p. 1405, §1.)

For the purposes of this chapter, the following words and phrases shall have the following respective meanings: (1) THE AUTHORITY. The public corporation organized pursuant to the provisions of this chapter. (2) BONDS. The bonds issued under the provisions of this chapter. (3) ST…

(a) The proceeds of all bonds, other than refunding bonds, issued by the authority remaining after paying expenses of their issuance shall be deposited in the State Treasury and shall be carried in the State Treasury in a special or separate account. Said expenses shall be deduct…

(a) For the purpose of providing funds to enable the authority to pay at their respective maturities the principal of and interest on any bonds issued by it under the provisions of this chapter and to accomplish the objects of this chapter, there is hereby irrevocably pledged to …

Out of the revenues appropriated and pledged in Section 16-16-1, the State Treasurer is hereby authorized and directed to pay the principal of and interest on the bonds issued by the authority under the provisions of this chapter, as such principal and interest shall respectively…

At any time when no bonds of the authority are outstanding, the authority may be dissolved upon the filing with the Secretary of State of an application for dissolution, which shall be subscribed by each of the members of the authority and sworn to by each such member before an o…

The proceeds derived from the sale of any bonds issued pursuant to subsection (b) of Section 3 of Act 98-373 shall be deposited in the State Treasury and shall be carried in a separate fund therein for the account of the authority, which shall pay therefrom the expenses of issuan…

From and after August 14, 2009, bonds issued by the authority under subsection (b) of Section 3 of Act 98-373 may be sold by negotiated sale or by competitive bid at such price or prices and at such time or times as the authority may consider advantageous. In addition, bonds here…

Act 2010-731 is adopted by the Legislature of the State of Alabama to amend certain provisions of the Code of Alabama 1975 and certain prior acts of the Legislature of Alabama and to make other provisions in a manner intended to permit the Alabama Public School and College Author…

(a) There is hereby created the Alabama Public School and College Education Incentive Fund (Incentive Fund). Fifty-five million dollars ($55,000,000) from the first series of bonds issued pursuant to Act 2007-415 shall be deposited into the Incentive Fund. (b) There is hereby cre…

(a) The authority shall hire or contract with businesses or individuals which reflect the racial and ethnic diversity of the state. (b) The authority shall hire or contract with attorneys, fiscal advisors, trustees, paying agents, investment bankers, banks, and underwriters which…

Notwithstanding any other provision of law, including without limitation Article 3 of Chapter 1 of Title 41, the Public School and College Authority shall not enter into any swap agreement involving the bonds authorized to be issued by Act 2010-731 or Act 2009-813. For purposes o…

Construction of Chapter. The Legislature hereby makes the findings of fact and declaration of intent hereinafter set forth in this section. The great increase during recent years in the number of students enrolled in the public schools and in other educational institutions in the…

The Governor, the State Superintendent of Education and the Director of Finance may become a corporation with the power and authority hereinafter provided by proceeding according to the provisions of this chapter. History: (Acts 1965, 1st Ex. Sess., No. 243, p. 331, §3.)

(a) To become a corporation, the Governor, the State Superintendent of Education and the Director of Finance shall present to the Secretary of State of Alabama an application signed by them which shall set forth: (1) The name, official designation and official residence of each o…

Paid. When the application has been made, filed and recorded as herein provided, the applicants shall constitute a corporation under the name proposed in the application, and the Secretary of State shall make and issue to the applicants a certificate of incorporation pursuant to …

Effect of Death, Resignation or Expiration of Term; Salary; Record of Proceedings; Copies of Proceedings as Evidence. The applicants named in the application and their respective successors in office shall constitute the members of the authority. The Governor shall be the preside…

The authority shall have the following powers: (1) To have succession by its corporate name until the principal of and interest on all bonds issued by it shall have been fully paid; (2) To sue and be sued and to prosecute and defend in any court having jurisdiction of the subject…

Facilities for Public Educational Purposes; Procedure for Letting Contracts. (a) The authority is hereby authorized from time to time to sell and issue its bonds, not exceeding $116,000,000.00 in aggregate principal amount, for the purpose of providing funds for construction, rec…

Bonds; Bonds to Be Limited Obligations; Security for Payment; Bonds as Negotiable Instruments; Exemption from Taxation; Bonds as Security for Deposits and for Investment of Fiduciary Funds. (a) The bonds of the authority shall be signed by its president and attested by its secret…

Military installations are a major source of economic stability for Alabama and, particularly, Madison County and North Alabama and are important to our Nation’s defense. The United States Department of Defense was legislatively directed to reorganize its military installation in…

As used in this chapter, the following words and phrases shall have the following meanings: (1) AUTHORITY. The Public School and College Authority. (2) BASELINE DATE. January 1, 2006. (3) 2005 BRAC. a. Closure actions according to the 2005 Base Closure and Realignment Commission …

For purposes of this chapter, the BRAC Distribution provided by the Authority shall be the difference calculated by subtracting the number of jobs in the BRAC Impacted District on the Baseline Date from the number of jobs in the BRAC Impacted Area on the Determination Date for an…

The Authority shall distribute the BRAC Distribution to a local school district based upon the percentage of BRAC Impacted Area employees living in a city or county served by that school district, in accordance with the following: (1) Prior to the distribution of any bond proceed…

The City of Huntsville Federal Building Authority is hereby authorized to calculate the amount of BRAC Distribution that is due to each county or city school system and the Public School and College Authority shall specify criteria and procedures for the application, approval, an…

The Authority shall not authorize any bonds unless and until employers located in the BRAC Impacted Area provide a certification and possess proof of the number of employees in the BRAC Impacted Area directly existing because of the 2005 BRAC or Subsequent BRAC Actions, or as a r…

(a) The Legislature finds that the number of students attending the several school systems located in those areas of North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions will collectively increase by an estimated 9,000 students. As a result, t…

In addition to the counties participating under Section 16-16A-7, Jackson County and Marshall County may also participate in the funding benefits of this chapter. History: (Act 2010-551, p. 980, §8; Act 2012-562, p. 1662, §1.)

(a) The proceeds derived from each sale of the Bonds issued pursuant to this chapter shall be deposited in the State Treasury and shall be carried in a separate fund therein for the account of the Authority, which shall pay the expenses of issuance therefrom. The expenses of issu…

Making Authority; Implementation Plan; Alabama Ahead Oversight Committee. (a) This chapter shall be known and may be cited as the Alabama Ahead Act. (b)(1) Commencing with the 2016-2017 school year, students may be provided textbooks in electronic format . Textbooks in electronic…

Disposition of Funds. Notwithstanding any of the foregoing and in addition to all powers heretofore granted to the Authority, the Authority is hereby expressly authorized to use the proceeds derived from the sale of Bonds and income on Permitted Investments in accordance with the…

Exemption. The Authority shall have the power to make such payments to the United States of America as the board of directors of the Authority deems necessary to cause the interest on any bonds of the Authority, including the Bonds, to be and remain exempt from, or excludible fro…

Issuance Expenses; Contracts and Appointments. The Authority is authorized to pay out of proceeds of any series of Bonds the costs and expenses incurred in connection with the issuance of such Bonds, including without limitation legal and accounting fees and expenses, fees and ex…

(a) Wherever used in this chapter, the following terms shall have the following meanings unless the context clearly indicates otherwise: (1) “1965 Act” means Act No. 243 enacted at the 1965 First Special Session of the Legislature, codified as Title 16, Chapter 16. (2) “1971 Acts…

Application for Funds; Implementation Plan. (a)(1) Contingent on funding, during the 2016-2017 school year, local school systems may begin installing sufficient, high-quality standards-based broadband WiFi infrastructure and, where possible, mobile digital devices to enable acces…

Authorization to Issue Additional Bonds and Purposes Thereof. (a) The Authority is hereby authorized to sell and issue its Bonds in the aggregate principal amount of up to $100,000,000 and to apply the proceeds as provided in this chapter, to include the following purposes: Payin…

Execution and Other Details of the Bonds. The Bonds shall be signed by the president or vice-president of the Authority, and the seal of the Authority affixed thereto (or a facsimile thereof imprinted thereon) and attested by its secretary. All signatures of the president, vice-p…

of the Bonds. The Bonds may be sold by the Authority from time to time in series, and if sold in more than one series, may all be authorized in one initial resolution of the Authority with the pledges therefor made by the Authority in such initial resolution although some of the …