Section 9-14A-1 – Short Title.

Section 9-14A-1 Short title. This chapter shall be known as the “Alabama Public Recreational and Historical Facilities Improvement Act.” (Act 2000-708, p. 1487, §1.)

Section 9-14A-10 – Bonds – Payment; Records.

Section 9-14A-10 Bonds – Payment; records. The State Treasurer is authorized and directed to pay the principal of, premium, if any, and interest on the bonds issued under the provisions of this chapter, as such principal, premium, if any, and interest shall respectively mature, and he is further authorized and directed to set up and […]

Section 9-14A-11 – Bonds – Redemption.

Section 9-14A-11 Bonds – Redemption. The bonds of each series issued pursuant to this chapter may be issued as serial bonds payable in annual installments or as term bonds or as a combination thereof, and the principal of the bonds of each such series shall mature or be subject to mandatory redemption according to such […]

Section 9-14A-12 – Bonds – Sale and Execution.

Section 9-14A-12 Bonds – Sale and execution. The bonds of each series thereof issued pursuant to this chapter shall be sold by the corporations at public sale as provided in the amendment. The bonds shall be executed in the name of the state by the Governor and countersigned by the secretary of the respective corporation […]

Section 9-14A-13 – Bonds – Proceeds – Alabama State Parks System Improvement Fund.

Section 9-14A-13 Bonds – Proceeds – Alabama State Parks System Improvement Fund. The proceeds derived from the sale of each series of the bonds issued pursuant to this chapter by the Alabama State Parks System Improvement Corporation other than refunding bonds shall be paid into the State Treasury upon receipt thereof, and the State Treasurer […]

Section 9-14A-14 – Bonds – Proceeds – Alabama Public Historical Sites and Parks Improvement Fund.

Section 9-14A-14 Bonds – Proceeds – Alabama Public Historical Sites and Parks Improvement Fund. The proceeds derived from the sale of each series of the bonds issued pursuant to this chapter by the Alabama Public Historical Sites and Parks Improvement Corporation other than refunding bonds shall be paid into the State Treasury upon receipt thereof, […]

Section 9-14A-15 – Bonds – Proceeds – Disposition.

Section 9-14A-15 Bonds – Proceeds – Disposition. Upon order of the respective board of directors of the corporations, all expenses incurred in connection with the authorization, preparation, sale, and issuance of bonds authorized herein and by the amendment shall be paid out of the proceeds thereof. The proceeds thereof remaining after payment of such expenses, […]

Section 9-14A-16 – Refunding Bonds.

Section 9-14A-16 Refunding bonds. Pursuant to the provisions of the aforesaid amendment and this chapter, the corporations may, at any time and from time to time, issue for the state refunding bonds of the state for the purpose of refunding any or all of the bonds authorized by the aforesaid amendment then outstanding, including any […]

Section 9-14A-17 – Use of Bonds.

Section 9-14A-17 Use of bonds. All bonds, including refunding bonds, issued pursuant hereto, and the income therefrom, including the interest income thereon, shall be free from all taxation by the state or any county, municipality, or other political subdivision or instrumentality of the state, excepting inheritance, estate, and gift taxes. Any bonds issued by the […]

Section 9-14A-18 – Contracts.

Section 9-14A-18 Contracts. All contracts of the corporations for the acquisition, provision, construction, improvement, renovation, equipping, and maintenance of the state parks system, public historical sites and public historical parks shall be in writing, shall be subject to the rules and regulations of and shall be let under the supervision of the Alabama Department of […]

Section 9-14A-19 – Bonds – Proceeds – Alabama State Parks System Maintenance Fund.

Section 9-14A-19 Bonds – Proceeds – Alabama State Parks System Maintenance Fund. Except as provided herein, the proceeds from the bonds issued by the Alabama State Parks System Improvement Corporation and interest income thereon are appropriated for the acquisition, provision, construction, improvement, renovation, equipping, and maintenance of the state parks system and the issuance costs […]

Section 9-14A-2 – Legislative Findings.

Section 9-14A-2 Legislative findings. The Legislature hereby finds and declares that it is necessary, desirable and in the public interest that the state parks system, public historical sites, and public historical parks be maintained and improved. It is the intention of the Legislature by the passage of this chapter to authorize the formation of two […]

Section 9-14A-20 – Bonds – Proceeds – Appropriations.

Section 9-14A-20 Bonds – Proceeds – Appropriations. The proceeds from the bonds issued by the Alabama Public Historical Sites and Parks Improvement Corporation and interest income thereon shall be appropriated as follows: (a) Three million dollars ($3,000,000) of the proceeds and interest thereon shall be used for the acquisition, improvement, renovation, equipping and maintenance of […]

Section 9-14A-21 – Joint Legislative Committee on State Parks.

Section 9-14A-21 Joint Legislative Committee on State Parks. (a) Any appropriations made herein shall be subject to the study, review, concurrence, and approval of the Joint Legislative Committee on State Parks, previously established under the name of Alabama State Parks System Joint Study Committee, which is hereby created. The Joint Legislative Committee on State Parks […]

Section 9-14A-22 – Dissolution of Corporations.

Section 9-14A-22 Dissolution of corporations. At any time when no bonds of the corporations are outstanding the corporations may be dissolved upon each filing with the Secretary of State an application for dissolution, which shall be subscribed by each of the members of the respective corporations and which shall be sworn to by each such […]

Section 9-14A-23 – Tax Exemption.

Section 9-14A-23 Tax exemption. The corporations on behalf of the state shall have the power to provide for such payments to the United States of America as the directors deem necessary to cause the interest on any bonds to be and remain exempt from federal income taxation. The corporations shall have the power to make […]

Section 9-14A-3 – Definitions.

Section 9-14A-3 Definitions. Where used in this chapter the following words and terms shall be given the following respective meanings unless the context hereof clearly indicates otherwise: (a) AMENDMENT. Amendment 617 to the Constitution of Alabama of 1901, authorizing the issuance of the bonds. (b) CORPORATION. The respective public corporations authorized to be created by […]

Section 9-14A-4 – Alabama State Parks System Improvement Corporation.

Section 9-14A-4 Alabama State Parks System Improvement Corporation. (a) The Governor, the Lieutenant Governor or his or her designee, the President Pro Tempore of the Senate or his or her designee, the Speaker of the House of Representatives or his or her designee, the Commissioner of the Department of Conservation and Natural Resources of the […]

Section 9-14A-5 – Alabama Public Historical Sites and Parks Improvement Corporation.

Section 9-14A-5 Alabama Public Historical Sites and Parks Improvement Corporation. (a) The Governor, the Lieutenant Governor or his or her designee, the President Pro Tempore of the Senate or his or her designee, the Speaker of the House of Representatives or his or her designee, the Commissioner of the Department of Conservation and Natural Resources, […]

Section 9-14A-6 – Powers.

Section 9-14A-6 Powers. The corporations created in Sections 9-14A-4 and 9-14A-5 shall each have the following powers: (a) To have succession by its corporate name without time limit. (b) To sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdiction of the subject matter and of […]