Section 41-10-810 – Liberal Construction.
Section 41-10-810 Liberal construction. This article shall be liberally construed to effectuate its purpose. (Act 2021-455, §1.)
Section 41-10-811 – Report to Legislature.
Section 41-10-811 Report to Legislature. The Alabama Innovation Corporation shall report to the Legislature beginning in 2023, pursuant to Section 40-1-50, an assessment of the corporation efforts to accomplish the goals pursuant to this article. (Act 2021-455, §2.)
Section 41-10-820 – Leglislative Findings.
Section 41-10-820 Leglislative findings. The Legislature finds and declares all of the following: (1) The federal Small Business Innovation Research and Small Business Technology Transfer Research programs encourage innovative small businesses to engage in research that has the potential for technological innovation and commercialization. (2) Stimulating research and commercialization will grow the Alabama economy by […]
Section 41-10-821 – Definitions.
Section 41-10-821 Definitions. For the purposes of this article, the following terms shall have the following meanings: (1) CORPORATION. The Alabama Innovation Corporation created by Article 20, commencing with Section 41-10-800. (2) FEDERAL AGENCY. An executive branch agency of the United States government which participates in the Small Business Innovation Research program, the Small Business […]
Section 41-10-822 – Small Business Innovation Research and Small Business Technology Transfer Research Matching Grants.
Section 41-10-822 Small Business Innovation Research and Small Business Technology Transfer Research matching grants. The corporation may make Small Business Innovation Research and Small Business Technology Transfer Research matching grants to entities as provided in this section. (1) The corporation may establish priorities, guidelines, standards, and processes by which the matching grants contemplated in this […]
Section 41-10-823 – Rulemaking Authority.
Section 41-10-823 Rulemaking authority. The corporation may adopt rules as necessary to implement and administer this article. (Act 2021-449, §1.)
Section 41-10-763 – Applicability of Other Laws.
Section 41-10-763 Applicability of other laws. Articles 2 and 3 of Chapter 16, Title 41, and other similar laws shall not apply to the authority, its directors, or any of its officers, agents, or employees in their capacities as such. (Act 2016-469, 1st Sp Sess., §14.)
Section 41-10-809 – Dissolution.
Section 41-10-809 Dissolution. At any time, the board, by three-quarters vote, may dissolve the corporation by having three-quarters of its directors file with the Secretary of State an application for dissolution, which shall be sworn to by each signatory thereto by an officer authorized to take acknowledgments to deeds. Upon the filing of the application […]
Section 41-10-764 – Dissolution.
Section 41-10-764 Dissolution. 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 directors of the authority and sworn to by each director before an officer authorized to […]
Section 41-10-765 – Diversity.
Section 41-10-765 Diversity. In connection with the sale of its bonds, the authority shall, to the extent practical, utilize businesses and companies that reflect the racial and ethnic diversity of the state. (Act 2016-469, 1st Sp Sess., §16.)