§ 32-10-92. Bonds Authorized by Resolution; Specification of Terms; Public or Private Sale
Bonds issued by the authority shall be authorized by resolution of the authority, be in such denominations, bear such date or dates, and mature at such time or times within 40 years from the issuance thereof as the authority determines to be appropriate. Such bonds shall be subject to such terms of redemption, bear interest […]
§ 32-10-108. Transfer of Projects to State Highway System Free From Tolls
Upon payment in full of all bonds and the interest thereon and obligations of every nature whatsoever for the payment of which the revenues of any given project or projects have been pledged, in whole or in part, either originally or subsequently, either primarily or secondarily, directly or indirectly or otherwise, or upon the setting […]
§ 32-10-93. Execution, Seal, and Signing of Bonds
All bonds issued by the authority shall be executed in the name of the authority by the chairperson and secretary of the authority and shall be sealed with the official seal of the authority or a facsimile thereof. The facsimile signatures of the chairperson and secretary of the authority may be imprinted thereon in lieu […]
§ 32-10-109. Covenant With Holders as to Tax-Exempt Status of Authority Property and Bonds
It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purpose are in all respects for the benefit of the people of this state and that the authority is an institution of purely public charity and will be performing an essential governmental function in the exercise […]
§ 32-10-66. Duty of Authority to Prescribe Rules and Regulations for Projects Generally
It shall be the duty of the authority to prescribe rules and regulations as approved by the department for the operation of each project constructed under this article, including rules and regulations to ensure maximum use of such project. The authority is authorized to promulgate such rules and regulations for the use and occupancy of […]
§ 32-10-67. Study, Financing, Construction, and Operation of New Projects; Cooperation and Assistance of Department of Transportation
The Governor, in his discretion or upon the recommendation of the State Transportation Board, is authorized and empowered to call a joint meeting of the authority and the board for the purpose of initiating all projects which may be considered under the authority of this article. Upon the concurrence of the Governor, a majority of […]
§ 32-10-68. Letting of Contracts by Competitive Bids
All contracts of the authority for the construction of any project authorized by this article shall be let to the reliable bidder submitting the lowest sealed bid upon plans and specifications approved by the department, except as otherwise provided for projects authorized under any provisions of Code Sections 32-2-78 through 32-2-81. The procedures for letting […]
§ 32-10-69. Conveyance of Real Property to Authority; Power to Acquire and Expend Funds for Property Interests
The Governor is authorized and empowered to convey to the authority, on behalf of the state, any real property or interest therein or any rights of way owned by the state, including property or rights of way acquired in the name of the department or board, which is used at the time or may, upon […]
§ 32-10-70. Transfer of Real and Personal Property to Authority by Public Bodies and Officers
All counties, municipalities, and other political subdivisions of the state and all public agencies and officers of the state, notwithstanding any contrary provisions of the law, are authorized and empowered to lease, lend, grant, or convey to the authority, upon its request and upon such terms and conditions as the authority and the proper officials […]
§ 32-10-71. Acquisition, Maintenance, and Operation of Tollway Projects; Collection of Parking Fees for Public Beaches
The authority is authorized and empowered to acquire, maintain, repair, improve, and operate a tollway project whose status at the time of acquisition is a toll facility or which was operated as a toll facility at some point in its existence. For the purpose of earning sufficient revenue to make possible the maintenance, repair, and […]