Section 41-10-676 – Use of Bond Proceeds.
Section 41-10-676 Use of bond proceeds. (a) The proceeds derived from the sale of the bonds shall be deposited in the State Treasury and shall be carried in a separate fund therein for the account of the authority. The proceeds from the sale of the bonds remaining after payment of the expenses of issuance thereof […]
Section 41-10-677 – Payment of Training Costs Directly Out of Pledged Revenues.
Section 41-10-677 Payment of training costs directly out of pledged revenues. In addition to the power to finance the payment of training costs through the issuance of the bonds, the authority may, if it determines that it is in the best interests of the state to do so, pay such training costs directly out of […]
Section 41-10-678 – Appointments.
Section 41-10-678 Appointments. The authority shall attempt to hire or contract with businesses or individuals which reflect the racial and ethnic diversity of the state. (Act 2001-691, p. 1430, §9.)
Section 41-10-679 – Competitive Bid.
Section 41-10-679 Competitive bid. Notwithstanding any contrary provision set forth in the Enabling Act, the contracts awarded by the authority with respect to the acquisition, construction, and equipping of any project shall be subject to all applicable competitive bid provisions of Alabama law pertaining to state contracts, including without limitation, those contained in Chapter 16 […]
Section 41-10-680 – Liberal Construction.
Section 41-10-680 Liberal construction. This division being remedial in nature, it shall be liberally construed to effect its purpose. (Act 2001-691, p. 1430, §12.)
Section 41-10-700 – Definitions.
Section 41-10-700 Definitions. Transferred to §41-10-727 by Act 2010-220, p. 365, §4, effective March 22, 2010. (Act 2009-561, p. 1629, §1.)
Section 41-10-655 – Debt Service.
Section 41-10-655 Debt service. There is hereby irrevocably pledged and appropriated such amount of pledged revenues deposited in the special fund, and earnings thereon, as may be necessary to pay and to redeem prior to their respective maturities the principal, interest and premium, if any, on the bonds; provided, however that the bonds may not […]
Section 41-10-635 – Dissolution.
Section 41-10-635 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 41-10-656 – Use of Bond Proceeds.
Section 41-10-656 Use of bond proceeds. (a) The proceeds derived from the sale of the bonds shall be deposited in the State Treasury and shall be carried in a separate fund therein for the account of the authority. The proceeds from the sale of the bonds remaining after payment of the expenses of issuance thereof […]
Section 41-10-636 – Racial and Ethnic Diversity.
Section 41-10-636 Racial and ethnic diversity. The Alabama 21st Century Authority shall, to the extent practical, utilize businesses and companies in all aspects of the bond and construction sections of this division that reflect the racial and ethnic diversity of the state. (Act 99-353, p. 538, §17.)