Section 41-10-322 – Conveyance of Property by Commission; Right to Possession.
Section 41-10-322 Conveyance of property by commission; right to possession. The chairman of the commission is authorized upon direction and authorization of the commission to execute and deliver, at any time and from time to time, an appropriate deed or deeds conveying to the authority: (1) Any facilities belonging to the commission, (2) Any unimproved […]
Section 41-10-323 – Plans for Construction of Facilities.
Section 41-10-323 Plans for construction of facilities. All facilities constructed by the authority shall be constructed according to plans and specifications of architects or engineers, or both, selected by the commission. Such plans and specifications shall be approved by the authority. (Acts 1986, No. 86-546, p. 1093, §24.)
Section 41-10-308 – Temporary Loans in Anticipation of Issuance of Bonds.
Section 41-10-308 Temporary loans in anticipation of issuance of bonds. In anticipation of issuance of bonds under this article, the authority may, from time to time, borrow such sums as may be needed for any of the purposes for which bonds are authorized to be issued under this article, and in evidence of the moneys […]
Section 41-10-324 – Leasing to Commission and Other Agencies.
Section 41-10-324 Leasing to commission and other agencies. (a) The authority is hereby authorized to enter into a lease or leases of any one or more facilities constructed, acquired, reconstructed, renovated or improved by the authority under the provisions of this article, to and with the commission or any other agency of the state which […]
Section 41-10-309 – Execution of Bonds and Notes.
Section 41-10-309 Execution of bonds and notes. The bonds and notes of the authority shall be executed by the manual or facsimile signature of either its president or its treasurer, as shall be provided in the resolution under which such securities shall be issued, and the seal of the authority or a facsimile thereof shall […]
Section 41-10-325 – Lease of Vacant Facilities to Prevent Default on Bonds.
Section 41-10-325 Lease of vacant facilities to prevent default on bonds. If at any time any facility constructed or acquired 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 […]
Section 41-10-310 – Authority to Issue Bonds.
Section 41-10-310 Authority to issue bonds. For the purpose of providing funds for the acquisition of sites, for the construction, reconstruction, alteration and improvement of facilities, for the procurement and installation of equipment therefor and for payment of obligations incurred and the principal of and interest on any temporary loans made for any of the […]
Section 41-10-326 – Special Funds for Payment of Bonds, Insurance, and Other Expenses.
Section 41-10-326 Special funds for payment of bonds, insurance, and other expenses. In the resolution or proceedings authorizing the issuance of any bonds or any temporary loan 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 […]
Section 41-10-311 – Authority to Issue Refunding Bonds.
Section 41-10-311 Authority to issue refunding bonds. The authority may, from time to time, sell and issue its refunding bonds for the purpose of refunding any matured or unmatured bonds of the authority at the time outstanding and paying any premiums necessary to be paid to redeem any such bonds so to be refunded and […]
Section 41-10-327 – Exemption From Taxation.
Section 41-10-327 Exemption from taxation. The properties of the authority and the income therefrom, all lease agreements made by the authority and all bonds and promissory notes issued by the authority, the interest thereon, the coupons, if any, applicable thereto, the income therefrom and all lien notices with respect thereto, and all purchases and uses […]