reglab/housing_qa huggingface dataset:
AL Code § 22-21-320 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-320 - Securities of Authority.

Section 22-21-320Securities of authority. Securities of an authority may be executed and delivered by it at any time and from time to time, shall be in such form and denominations and of such tenor and maturity or maturities not exceeding 40 years from their date, shall bear such rate or rates of interest (which may be fixed or which may float or vary based on some index or other standard deemed appropriate by the board), shall be payable and evidenced in such manner, may contain provisions for redemption prior to maturity and may contain other provisions not inconsistent with this article, all as may be provided by the resolution of the board authorizing the same or by the indenture whereunder such securities are authorized to be issued. Each such security having a specified maturity date more than 10 years after its date shall be made subject to redemption at the option of the authority at the end of the tenth year after its date, and on any interest payment date thereafter, under such terms and conditions as may be provided in the resolution authorizing the same or the indenture under which issued. Any borrowing may be effected by the issuance and sale of securities at either public or private sale in such manner, at such price or prices, at such time or times and on such other terms and conditions as may be determined by the board to be most advantageous to the authority. (Acts 1982, No. 82-418, p. 629, §11.)
AL Code § 22-21-322 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-322 - Execution of Securities.

Section 22-21-322Execution of securities. All securities of an authority shall be signed in the name and behalf of the authority by its chairman or vice-chairman, and the seal of the authority shall be affixed thereto and attested by its secretary or an assistant secretary; provided, that a facsimile of the signature of one, but not both, of the officers whose signature will appear on such securities may be imprinted or otherwise reproduced on any thereof in lieu of his manually signing the same; and provided further, that a facsimile of the seal of the authority may be imprinted, or otherwise reproduced, on any such securities in lieu of being manually affixed thereto. Any coupons applicable to any securities of the authority shall be signed either manually by, or with a facsimile of the signature of, the chairman or the vice-chairman of the authority. If after any such securities or coupons shall be so signed, whether manually or by facsimile, any such officer shall, for any reason, vacate his office, the securities and coupons so signed may nevertheless be delivered at any time thereafter as the act and deed of the authority. (Acts 1982, No. 82-418, p. 629, §13.)
AL Code § 22-21-325 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-325 - Obligations Not Debt of State, County or Municipality.

Section 22-21-325Obligations not debt of state, county or municipality. All agreements and obligations undertaken, and all securities issued, by an authority shall be solely and exclusively an obligation of the authority and shall not create an obligation or debt of the state, any authorizing subdivision or any other county or municipality within the meaning of any constitutional or statutory provision. The faith and credit of the state, any authorizing subdivision or any other county or municipality shall never be pledged for the payment of any securities issued by an authority; nor shall the state, any authorizing subdivision or any other county or municipality be liable in any manner for the payment of the principal of or interest on any securities of an authority or for the performance of any pledge, mortgage, obligation or agreement of any kind whatsoever that may be undertaken by an authority. (Acts 1982, No. 82-418, p. 629, §16.)
AL Code § 22-21-326 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-326 - Securities Issued Under Article as Legal Investments.

Section 22-21-326Securities issued under article as legal investments. Securities issued under the provisions of this article are hereby made legal investments for savings banks and insurance companies organized under the laws of the state. Unless otherwise directed by the court having jurisdiction thereof or the document that is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers conferred by law and with the exercise of reasonable business prudence, invest trust funds in securities of an authority. The governing body of any authorizing subdivision (or any county or municipality in which any health care facilities of an authority may be situated) is authorized, in its discretion, to invest in securities of such authority any idle or surplus money held in its treasury which is not otherwise earmarked or pledged. (Acts 1982, No. 82-418, p. 629, §17.)
AL Code § 22-21-327 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-327 - Securities and Coupons as Negotiable Instruments.

Section 22-21-327Securities and coupons as negotiable instruments. Securities issued by an authority, while not registered, shall be construed to be negotiable instruments although payable solely from a specified or limited source. All coupons applicable to any securities issued by an authority, while the applicable securities are not registered as to both principal and interest, shall likewise be construed to be negotiable instruments although payable solely from a specified or limited source. (Acts 1982, No. 82-418, p. 629, §18.)
AL Code § 22-21-328 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-328 - Exemption From Usury and Interest Laws.

Section 22-21-328Exemption from usury and interest laws. An authority shall be exempt from all laws of the state governing usury or prescribing or limiting interest rates, including, but without limitation to, the provisions of Chapter 8 of Title 8. (Acts 1982, No. 82-418, p. 629, §19.)
AL Code § 22-21-329 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-329 - Notice of Issuance of Securities; Limitation on Actions to Contest.

Section 22-21-329Notice of issuance of securities; limitation on actions to contest. Any resolution authorizing any securities under this article may contain a recital that they are issued pursuant to the provisions of this article, which recital shall be conclusive evidence that such securities have been duly authorized pursuant to the provisions of this article, notwithstanding the provisions of any other law now in force or hereafter enacted or amended. Upon the adoption by the board of any resolution providing for the issuance of securities, the authority may, in its discretion, cause to be published, once a week for two consecutive weeks, in a newspaper then published in the county in which the principal office of the authority is located, or, if there is no such newspaper, then in a daily newspaper published in the state, a notice in substantially the following form, with any appropriate changes, to the extent applicable and with the blanks being properly filled in: "_____, a public corporation and instrumentality under the laws of the state of Alabama, has authorized the issuance of $_____ principal amount of securities of the said authority to be dated _____, for purposes authorized in Act No. 82-418 enacted at the 1982 Regular Session of the legislature of Alabama. Any action or proceeding questioning the validity of the said securities, or the pledge [and any indenture] to secure the same, must be commenced within 20 days after the first publication of this notice.  [here insert name of the authority] ______________________ By _______________ Its Chairman"  Any action or proceeding in any court to set aside or question the validity of the proceedings for the issuance of the securities referred to in said notice or to contest the validity of any such securities, the validity of any pledge made therefor or the validity of any indenture with respect thereto must be commenced within 20 days after the first publication of such notice. After the expiration of the said period, no right of action or defense questioning or attacking the validity of the said proceedings, the said securities, any pledge herein authorized, or such indenture shall be asserted, nor shall the validity of the said proceedings, securities, pledge or indenture be open to question in any court on any ground whatsoever except in an action commenced within said period. (Acts 1982, No. 82-418, p. 629, §20.)
AL Code § 22-21-332 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-332 - Investment of Funds.

Section 22-21-332Investment of funds. (a) To the extent permitted by the contracts of the authority with the holders of its securities and if not otherwise specifically prohibited by any other provision of this article, the authority may invest any portion of the principal proceeds derived from the sale of any of its securities which is not then needed for any of the purposes for which such securities were authorized to be issued, the moneys held in any special fund created pursuant to any resolution or indenture authorizing or securing any of its securities, and any other moneys of the authority not then needed by it, in any of the following: (1) Federal securities; (2) Any debt securities that are direct obligations of any agency of the United States of America; (3) Interest-bearing bank time deposits and interest-bearing bank certificates of deposit; and (4) Interest-bearing time deposits and interest-bearing certificates of deposit of any federally-chartered savings and loan association. (b) Any securities, time deposits or certificates of deposit in which any such investment is made may, at any time and from time to time, be sold or otherwise converted into cash. The income derived from any such investments shall be disbursed on order of the board for any purpose for which the authority may lawfully expend funds. (Acts 1982, No. 82-418, p. 629, §23.)
AL Code § 22-21-333 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-333 - Exemptions From Taxation.

Section 22-21-333Exemptions from taxation. All properties of an authority, whether real, personal or mixed, and the income therefrom, all securities issued by an authority and the coupons applicable thereto and the income therefrom, and all indentures and other instruments executed as security therefor, all leases made pursuant to the provisions of this article and all revenues derived from any such leases, and all deeds and other documents executed by or delivered to an authority shall be exempt from any and all taxation by the state, or by any county, municipality or other political subdivision of the state, including, but without limitation to, license and excise taxes imposed in respect of the privilege of engaging in any of the activities in which an authority may engage. An authority shall not be obligated to pay or allow any fees, taxes or costs to the judge of probate of any county in respect of its incorporation, the amendment of its certificate of incorporation or the recording of any document. Further, the gross proceeds of the sale of any property used in the construction and equipment of any health care facilities for an authority, regardless of whether such sale is to such authority or any contractor or agent thereof, shall be exempt from the sales tax imposed by Article 1 of Chapter 23 of Title 40 and from all other sales and similar excise taxes now or hereafter levied on or with respect to the gross proceeds of any such sale by the state or any county, municipality or other political subdivision or instrumentality of any thereof; and any property used in the construction and equipment of any health care facilities for an authority, regardless of whether such property has been purchased by the authority or any contractor or agent thereof, shall be exempt from the use tax imposed by Article 2 of Chapter 23 of Title 40 and all other use and similar excise taxes now or hereafter levied on or with respect to any such property by the state or any county, municipality or other political subdivision or instrumentality of any thereof. (Acts 1982, No. 82-418, p. 629, §24.)
AL Code § 22-21-334 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-334 - Nonapplicability of Ethics Act.

Section 22-21-334Nonapplicability of Ethics Act. The provisions of Chapter 25 of Title 36 shall, any provision thereof to the contrary notwithstanding, not apply to any authority, the members of its board or any of its officers or employees. (Acts 1982, No. 82-418, p. 629, §25.)
AL Code § 22-21-335 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-335 - Nonapplicability of Competitive Bid Laws.

Section 22-21-335Nonapplicability of competitive bid laws. The provisions of Articles 2 and 3 of Chapter 16 of Title 41 shall not apply to any authority, the members of its board or any of its officers or employees. (Acts 1982, No. 82-418, p. 629, §26.)
AL Code § 22-21-336 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-336 - Transfer of Funds and Assets to Authority.

Section 22-21-336Transfer of funds and assets to authority. Any municipality, county, or educational institution, any public hospital corporation and any other public agency, authority or body is hereby authorized to transfer and convey to any authority, with or without consideration:  (1) Any health care facilities and other properties, real or personal, and all funds and assets, tangible or intangible, relative to the ownership or operation of any such health care facilities that may be owned by such municipality, county, educational institution, public hospital corporation or other public agency, authority or body, as the case may be, or that may be jointly owned by any two or more thereof, including, without limiting the generality of the foregoing, any certificates of need, assurances of need or other similar rights appertaining or ancillary thereto, irrespective of whether they have been exercised; and (2) Any funds owned or controlled by such municipality, county, educational institution, public hospital corporation or other public agency, authority or body, as the case may be, or jointly by any two or more thereof, that may have been raised or allocated for any of the purposes for which such authority shall have been organized, whether or not such property is considered necessary for the conduct of the governmental or public functions (if any) of such municipality, county, educational institution, public hospital corporation or other public agency, authority or body.   Such transfer or conveyance shall be authorized by an ordinance or resolution duly adopted by the governing body of such municipality, county, or educational institution or by the board of directors or other governing body of such public hospital corporation or other public agency, authority or body, as the case may be, and it shall not be necessary, any provision of law to the contrary notwithstanding, to obtain any certificate of need, assurance of need or other similar permit for any such transfer or conveyance. In the event of the transfer of any health care facilities to the authority, any hospital tax proceeds, other tax proceeds and other revenues apportioned or allocated to or for the benefit of the prior owner or operator of such health care facilities or for patient care at such health care facilities shall thereafter be paid to the authority. (Acts 1982, No. 82-418, p. 629, §27; Act 2003-249, p. 606, §1.)
AL Code § 22-21-337 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-337 - Disposition of Earnings of Authority.

Section 22-21-337Disposition of earnings of authority. An authority shall be a public corporation or authority and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm or corporation, except that in the event the board shall determine that sufficient provision has been made for the full payment of the expenses, securities and other obligations of the authority, then any portion, as determined by the board, of the net earnings of the authority thereafter accruing may, in the discretion of the board, be paid to one or more of its authorizing subdivisions. (Acts 1982, No. 82-418, p. 629, §28.)
AL Code § 22-21-338 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-338 - Authority as Designated Agency for Purposes of Division 2 of Article 4 of This Chapter.

Section 22-21-338Authority as designated agency for purposes of Division 2 of Article 4 of this chapter. An authority shall constitute a "hospital corporation" as that term is used in Division 2 of Article 4 of this chapter; and any county otherwise authorized to do so may designate any authority having the power to own and operate health care facilities situated in such county as the agency of such county to acquire, construct, equip, operate and maintain public hospital facilities in such county, in the manner and with the consequences specified in said Division 2. Such authority shall, if so designated, receive the proceeds from any special public hospital tax referred to in said Division 2. Further, the reincorporation hereunder of any public hospital corporation that has theretofore been designated as the agency of a county to acquire, construct, equip, operate and maintain public hospital facilities in such county shall in no way impair or invalidate such designation, and such reincorporated public hospital corporation shall continue as such (with the consequences specified in said Division 2) just as if it had not been reincorporated hereunder. Nothing in this section shall, however, be construed in any manner to limit any rights or powers otherwise conferred upon an authority pursuant to any other provision of this article. (Acts 1982, No. 82-418, p.629, §29.)
AL Code § 22-21-339 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-339 - Dissolution of Authority.

Section 22-21-339Dissolution of authority. At any time when the authority does not have any securities outstanding, and when there shall be no other obligations assumed by the authority that are then outstanding, the board may adopt a resolution, which shall be duly entered upon its minutes, declaring that the authority shall be dissolved. Upon the filing for record of a certified copy of said resolution in the office of the judge of probate in which the certificate of incorporation of the authority was filed, the authority shall thereupon stand dissolved, and in the event that it owned any assets or property at the time of its dissolution, the title to all its assets and property shall, subject to any constitutional provision or inhibition to the contrary, thereupon vest in one or more counties, municipalities, or educational institutions in such manner and interests as may be provided in the said certificate of incorporation; provided however, that if the said certificate of incorporation contains no provision respecting the vesting of title to the assets and property of the authority, title to all such assets and property shall, subject to any constitutional provision or inhibition to the contrary, thereupon vest in its authorizing subdivisions as tenants in common. (Acts 1982, No. 82-418, p. 629, §30; Act 2003-249, p. 606, §1.)
AL Code § 22-21-340 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-340 - Multiple Corporations Permitted.

Section 22-21-340Multiple corporations permitted. Neither the formation or dissolution of one authority hereunder nor the reincorporation hereunder of a public hospital corporation shall prevent the subsequent incorporation hereunder of another authority or the subsequent reincorporation hereunder of another public hospital corporation pursuant to authority granted by one or more of the same authorizing subdivisions. Further, any county may authorize the incorporation of an authority hereunder notwithstanding the existence in such county of a public hospital corporation designated as the agency of such county with respect to public hospital facilities therein pursuant to the provisions of Division 2 of Article 4 of this chapter. (Acts 1982, No. 82-418, p. 629, §31.)
AL Code § 22-21-342 (2021)
2021 Code of Alabama|Title 22 - Health, Mental Health, and Environmental Control.|Title 1 - Health and Environmental Control Generally.|Chapter 21 - Hospitals and Other Health Care Facilities Generally.|Article 11 - Health Care Authorities.|Section 22-21-342 - Provisions of Article Exclusive.

Section 22-21-342Provisions of article exclusive. Any authority organized under the provisions of this article (as well as any public hospital corporation reincorporated hereunder) shall, insofar as the subject matter of this article is concerned, be governed exclusively by the provisions of this article, which shall not be construed in pari materia with any other statute. (Acts 1982, No. 82-418, p. 629, §33.)