Section 22-29-14 – Bonds and Coupons Deemed Negotiable Instruments.
Section 22-29-14 Bonds and coupons deemed negotiable instruments. All bonds issued by the authority, while not registered, shall be construed to be negotiable instruments even though they are payable from a limited source. All coupons applicable to any bonds issued by the authority, while the applicable bonds are not registered as to both principal and […]
Section 22-29-15 – Bonds, Notes and Certificates Not Debt of State.
Section 22-29-15 Bonds, notes and certificates not debt of state. All bonds, notes and certificates issued by the authority shall be solely and exclusively obligations of the authority, payable solely from the revenues, income, fees, charges or rent, which may, pursuant to the provisions of this chapter, be pledged to the payment thereof, and no […]
Section 22-29-16 – Custody of Moneys and Funds; Disposition of Same.
Section 22-29-16 Custody of moneys and funds; disposition of same. The State Treasurer shall have custody of all moneys or funds paid or delivered to the authority and shall establish a separate account for each project of each local public body, and such moneys or funds shall be dedicated and used solely for the payment […]
Section 22-29-1 – Definitions.
Section 22-29-1 Definitions. For the purposes of this chapter, unless otherwise indicated, the following terms shall have the meanings respectively ascribed to them by this section: (1) AUTHORITY. The public corporation organized pursuant to the provisions of this chapter as a public corporation, agency and instrumentality of the state. (2) AUTHORIZING RESOLUTION. A resolution or […]
Section 22-29-17 – Grants to Local Public Bodies – Authorized.
Section 22-29-17 Grants to local public bodies – Authorized. The state is hereby authorized to make grants to any local public body to assist such local public body in the construction of a project. Such grants shall be administered by the authority. The authority acting by and through any authorized officer is hereby authorized to […]
Section 22-29-2 – Purpose of Chapter.
Section 22-29-2 Purpose of chapter. It is the intent of the Legislature by the passage of this chapter to enable the state, acting by and through the authority, to aid in the prevention and control of water pollution, to provide state financial aid or grants to local public bodies for the prevention and control of […]
Section 22-29-18 – Grants to Local Public Bodies – Appropriations.
Section 22-29-18 Grants to local public bodies – Appropriations. There are hereby appropriated to the authority for the purpose of making grants to local public bodies the net proceeds of all bonds issued by the authority and any funds provided or made available to the authority to fund any grant made or to be made […]
Section 22-29-3 – Incorporation – Authorized.
Section 22-29-3 Incorporation – Authorized. The Governor, the State Health Officer and the Director of Finance shall become a public corporation with the power and authority provided in this chapter by proceeding according to the provisions of this chapter. (Acts 1971, No. 42, p. 279, §3.)
Section 22-29-19 – Grants to Local Public Bodies – Applications.
Section 22-29-19 Grants to local public bodies – Applications. Any local public body which is eligible for federal aid, grant or assistance under the Federal Water Pollution Control Act for a portion of the cost of acquiring or constructing a project may apply also to the authority for a grant. The application shall describe the […]
Section 22-29-4 – Incorporation – Application.
Section 22-29-4 Incorporation – Application. The Governor, the State Health Officer 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 of the applicants; (2) The date on which each applicant was […]