reglab/housing_qa huggingface dataset:
AL Code § 16-18-17 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18 - Public Educational Building Authorities.|Section 16-18-17 - Freedom of Authority From State Supervision and Control.

Section 16-18-17Freedom of authority from state supervision and control. This chapter is intended to aid the state in the execution of its duties by providing appropriate and independent instrumentalities of the state with full and adequate powers to fulfill their functions. Except as in this chapter expressly otherwise provided, no proceeding, notice or approval shall be required for the incorporation of any authority or the amendment of its certificate of incorporation, the acquisition of any property or ancillary improvements or the issuance of any bonds, mortgage and deed of trust, or trust indenture. Neither a public hearing nor the consent of the State Department of Finance shall be prerequisite to the issuance of bonds by the authority. (Acts 1966, Ex. Sess., No. 221, p. 308, §17.)
AL Code § 16-18-18 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18 - Public Educational Building Authorities.|Section 16-18-18 - Earnings of Authority.

Section 16-18-18Earnings of authority. The authority shall be a nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, association or corporation, except, that in the event the board of directors of the authority shall determine that sufficient provision has been made for the full payment of the expenses, bonds and other obligations of the authority, then any net earnings thereafter accruing shall be paid to the determining municipality. (Acts 1966, Ex. Sess., No. 221, p. 308, §18.)
AL Code § 16-18-19 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18 - Public Educational Building Authorities.|Section 16-18-19 - Investments in Bonds of Authority.

Section 16-18-19Investments in bonds of authority. Unless otherwise directed by the court having jurisdiction thereof, or by 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 and other fiduciary funds in bonds of the authority. (Acts 1966, Ex. Sess., No. 221, p. 308, §19.)
AL Code § 16-18-20 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18 - Public Educational Building Authorities.|Section 16-18-20 - Notice of Bond Resolution.

Section 16-18-20Notice of bond resolution. Upon the adoption by the board of any resolution providing for the issuance of bonds, the authority may, in its discretion, cause to be published once a week for two consecutive weeks, in a newspaper published in the determining municipality, or if there is no newspaper published in the determining municipality then in a newspaper published in the county in which the determining municipality or any part thereof is located, a notice in substantially the following form (the blanks being properly filled in) at the end of which shall be printed the name and title of either the chairman or secretary of the authority: "____, a public corporation and a political subdivision of the State of Alabama, on the ____ day of ____, authorized the issuance of $____ principal amount of revenue bonds of the said public corporation for purposes authorized in the act of the Legislature of Alabama under which the said public corporation was organized. Any action or proceeding questioning the validity of the said bonds, or the pledge and the indenture to secure the same, or the proceedings authorizing the same, must be commenced within 20 days after the first publication of this notice." Any action or proceeding in any court to set aside or question the proceedings for the issuance of the bonds referred to in said notice or to contest the validity of any such bonds, or the validity of the pledge and indenture made therefor, 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 or of the said bonds or the said pledge or indenture shall be asserted, nor shall the validity of the said proceedings, bonds, pledge or indenture be open to question in any court on any ground whatsoever except in an action commenced within such period. (Acts 1966, Ex. Sess., No. 221, p. 308, §20.)
AL Code § 16-18-21 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18 - Public Educational Building Authorities.|Section 16-18-21 - Dissolution of Authority and Vesting of Title to Its Properties.

Section 16-18-21Dissolution of authority and vesting of title to its properties. At any time when the authority does not have any bonds outstanding and when there shall be no 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 of the county in which the authority's original certificate of incorporation was filed, the authority shall thereupon stand dissolved, and in the event it owned any property at the time of its dissolution the title to all its property shall thereupon vest in the determining municipality. In the event the authority shall at any time have outstanding bonds issued hereunder payable out of the revenues from various ancillary improvements, then, as and when the principal of and the interest on all bonds payable, in whole or in part, from the revenues derived from any particular ancillary improvements shall have been paid in full, title to the ancillary improvements with respect to which the bonds so paid in full have been paid shall thereupon vest in the determining municipality, but such vesting of title in the determining municipality shall not affect the title of the authority to any other ancillary improvements the revenues from which are pledged for the payment of any other bonds then outstanding. The formation of one or more authorities under the provisions of this chapter shall not prevent the subsequent formation hereunder of other authorities with respect to the same determining municipality. (Acts 1966, Ex. Sess., No. 221, p. 308, §21.)
AL Code § 16-18A-1 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18A - Private Colleges and Universities Facilities Authority.|Section 16-18A-1 - Short Title.

Section 16-18A-1Short title. This chapter may be cited as the "Private Colleges and Universities Facilities Authority Act." (Acts 1979, No. 79-322, p. 475, §1.)
AL Code § 16-18A-3 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18A - Private Colleges and Universities Facilities Authority.|Section 16-18A-3 - Creation of Authority; Members, Organization, Etc.

Section 16-18A-3Creation of authority; members, organization, etc. There is hereby created a public body corporate and politic to be known as the Private Colleges and Universities Facilities Authority and by that name, style and title, said body may contract and be contracted with, sue and be sued, implead and be impleaded, and complain and defend in all courts of law and equity. Said authority, however, shall not be a state institution nor a department or agency of the state, but shall be an instrumentality of purely public charity performing an essential governmental function, being a distinct corporate entity. The authority shall consist of nine members appointed equally by the Governor, the Lieutenant Governor and the Speaker of the House. Such members shall be appointed in 1979 as follows: Three appointed for a term expiring January 1, 1981; three appointed for a term expiring January 1, 1983; and three appointed for a term expiring January 1, 1985. Thereafter, each member shall be appointed for an eight-year term. The respective appointing authority shall fill the unexpired term of any member so appointed who shall cease to serve. All members appointed shall serve until their successors are appointed and qualified and any member may be reappointed. Immediately after each such appointment, such member of the authority shall enter upon his duties. The authority shall elect one of its members as chairman and another as vice chairman and shall appoint a secretary who need not be a member of the authority. The members of the authority shall not be entitled to compensation for their services, but may be reimbursed by the authority for their actual expenses properly incurred in the performance of their duties. The authority may make rules and regulations for its own government. The authority shall have perpetual existence. At all meetings of the authority the presence in person of a majority of the members in office shall be necessary for the transaction of business, and the affirmative vote of a majority of the members then in office shall be necessary for any action of the authority. (Acts 1979, No. 79-322, p. 475, §3.)
AL Code § 16-18A-6 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18A - Private Colleges and Universities Facilities Authority.|Section 16-18A-6 - Revenue Bonds - Contracts to Secure Payment.

Section 16-18A-6Revenue bonds - Contracts to secure payment. As security for payment of the principal and interest on bonds issued or obligations assumed by it, the authority may enter into a contract or contracts binding itself for the proper application of the proceeds of bonds and other funds, for the continued operation and maintenance of any property and facilities, owned or controlled and operated by it or under its authority or any part or parts thereof, for the imposition and collection of reasonable rates and rentals for and the promulgation of reasonable regulations respecting the use of property and facilities of the authority and any service furnished therefrom, for the disposition and application of its gross revenues or any part thereof and for any other act or series of acts not inconsistent with the provisions of this chapter for the protection of the bonds and other obligations being secured and the assurance that revenues from such property and facilities will be sufficient to cover the cost of all direct operation of such property and facilities by the authority and the maintenance in good condition of such property and facilities, owned and controlled by the authority, the payment of the principal of and interest on any bonds payable from such revenues and the maintenance of such reserves as may be deemed appropriate for the protection of the bonds, the efficient operation of such property and facilities, and the making of replacements thereof and capital improvements thereto. Any contract pursuant to the provisions of this section may be set forth in any resolution of the authority authorizing the issuance of bonds or the assumption of obligations or in any mortgage and deed of trust and trust indenture made by the authority under this chapter. (Acts 1979, No. 79-322, p. 475, §6.)
AL Code § 16-18A-7 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18A - Private Colleges and Universities Facilities Authority.|Section 16-18A-7 - Revenue Bonds - Creation of Statutory Mortgage Lien; Recording.

Section 16-18A-7Revenue bonds - Creation of statutory mortgage lien; recording. Any resolution of the authority or trust indenture under which bonds may be issued pursuant to the provisions of this chapter may contain provisions creating a statutory mortgage lien in favor of the holders of such bonds and of the interest coupons applicable thereto on the property and facilities, or any part thereof (including any after-acquired property) out of the revenues from which such bonds are made payable. The said resolution of the authority of the said trust indenture may provide for the filing of record in the office of the judge of probate of each county in which any property and facilities, or any part thereof, may be located of a notice containing a brief description of such bonds and a declaration that said statutory mortgage lien has been created for the benefit of the holders of such bonds and the interest coupons applicable thereto upon such property and facilities, or any thereof, including additions thereto and extensions thereof. Each judge of probate shall receive and record and index any such notice filed for record in his office. The recording of such notice, as provided in this section, shall operate as constructive notice of the contents thereof. (Acts 1979, No. 79-322, p. 475, §7.)
AL Code § 16-18A-8 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18A - Private Colleges and Universities Facilities Authority.|Section 16-18A-8 - Use of Proceeds From Sale.

Section 16-18A-8Use of proceeds from sale. All moneys derived from the sale of any bonds issued by the authority shall be used solely for the purpose or purposes for which the same are authorized and any costs and expenses incidental thereto. Such costs and expenses may include, but shall not be limited to: (1) The fiscal, engineering, legal and other expenses incurred in connection with the issuance and sale of the bonds; (2) In the case of bonds issued to pay costs of the authority, interest on such bonds (or, if a part only of bonds of any series is issued for construction purposes, interest on that portion of the bonds of that series that is issued to pay construction costs) prior to and during such construction; and (3) In the case of bonds issued for the purpose of refunding principal and interest or either with respect to bonds issued or obligations assumed by the authority, any premium that it may be necessary to pay in order to redeem or retire the bonds or other obligations to be refunded. (Acts 1979, No. 79-322, p. 475, §8.)
AL Code § 16-18A-9 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18A - Private Colleges and Universities Facilities Authority.|Section 16-18A-9 - Exemptions From Taxation, Fees and Costs.

Section 16-18A-9Exemptions from taxation, fees and costs. The property and income of the authority, all bonds issued by the authority, the income from such bonds or from any other sources, the interest and other profits from such bonds enuring to and received by the holders thereof, conveyances by and to the authority and leases, mortgages and deeds of trust by and to the authority shall be exempt from all taxation in the State of Alabama. The authority shall not be obligated to pay or allow the payment of any fees, taxes or costs to the Secretary of State in connection with its incorporation or with any amendment to its certificate of incorporation or otherwise or to any judge of probate of any county in connection with the recording by it of any document or otherwise, the authority being hereby exempted from the payment of any such fees, taxes and costs. No license or excise tax may be imposed by any authority with respect to the privilege of engaging in any of the activities in this chapter. (Acts 1979, No. 79-322, p. 475, §9.)
AL Code § 16-18A-10 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18A - Private Colleges and Universities Facilities Authority.|Section 16-18A-10 - Venue and Jurisdiction.

Section 16-18A-10Venue and jurisdiction. The authority's legal situs or residence for the purpose of this chapter shall be Montgomery County. Any action to protect or enforce any rights under the provisions of this chapter, including the validation of obligations issued by the authority as herein permitted, shall be brought in the Circuit Court of Montgomery County, Alabama, and said court shall have exclusive original jurisdiction of all such actions. (Acts 1979, No. 79-322, p. 475, §10.)
AL Code § 16-18A-11 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18A - Private Colleges and Universities Facilities Authority.|Section 16-18A-11 - Interest of Bondholders Protected; Enforceability.

Section 16-18A-11Interest of bondholders protected; enforceability. While any of the revenue bonds issued by the authority remain outstanding, the powers, duties or existence of the authority or of any of its officers shall not be diminished or impaired in any manner that will affect adversely the interest and rights of the holders of such revenue bonds. The provisions of this chapter shall be for the benefit of the state, the authority and the holders of any such revenue bonds, and, upon the issuance of the revenue bonds as herein provided, such provisions shall constitute a contract with the holders of such revenue bonds. The provisions of any bond resolution, indenture or trust agreement shall be a contract with every holder of such revenue bonds and the duties of the authority under any such bond resolution, indenture or trust agreement shall be enforceable by any bondholder by mandamus or other appropriate suit, action or proceeding at law or in equity. (Acts 1979, No. 79-322, p. 475, §11.)
AL Code § 16-18A-12 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18A - Private Colleges and Universities Facilities Authority.|Section 16-18A-12 - Moneys Considered Trust Funds.

Section 16-18A-12Moneys considered trust funds. All moneys received by the authority pursuant to this chapter shall be deemed to be trust funds for the holders of the bonds and interest coupons thereto appertaining and shall be held and applied for the benefit of the bondholders of the respective issues as provided in this chapter and as provided in the authorizing resolutions of the authority. (Acts 1979, No. 79-322, p. 475, §12.)
AL Code § 16-18A-13 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18A - Private Colleges and Universities Facilities Authority.|Section 16-18A-13 - Title to Projects.

Section 16-18A-13Title to projects. The authority may hold title to any project financed by it but shall not be required to do so. (Acts 1979, No. 79-322, p. 475, §13.)
AL Code § 16-18B-1 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18B - Alabama Forensic Sciences Bond Authority.|Section 16-18B-1 - Legislative Findings.

Section 16-18B-1Legislative findings. The Legislature hereby finds and declares that it is necessary, desirable, and in the public interest that the state provide adequate forensic sciences laboratories and educational facilities for the provision of instruction and research in the field of forensic sciences. It is the intention of the Legislature by the passage of this article to authorize the formation of a public corporation for the purposes of providing for the acquisition, provision, construction, improvement, renovation, equipping, and maintenance of such facilities and to authorize the corporation to provide for payment of the costs of accomplishing the stated purposes by implementing that certain constitutional amendment authorizing the issuance by the state of up to $17,500,000 principal amount of its general obligation bonds, which amendment was proposed by Act 98-337, and by issuing and selling for the state, subject to the approval of the Governor, interest bearing general obligation bonds of the state not in excess of $17,500,000 in principal amount, as authorized by said constitutional amendment. (Act 98-391, p. 771, §1.)
AL Code § 16-18B-3 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18B - Alabama Forensic Sciences Bond Authority.|Section 16-18B-3 - Authorization and Procedure for Incorporations; Application.

Section 16-18B-3Authorization and procedure for incorporations; application. The Governor, the Lieutenant Governor, the Speaker of the House of Representatives, the State Treasurer, and the Director of Finance of the state may become a corporation, with the powers and authorities hereinafter provided, by proceeding according to the provisions of this article. To become a corporation, the Governor, the Lieutenant Governor, the Speaker of the House of Representatives, the State Treasurer, and the Director of Finance shall present to the Secretary of State of Alabama an application signed by them which shall set forth: (1) The name, official designation and official residence of each of the applicants, together with a certified copy of the commission evidencing each applicant's right to office; (2) The date on which each applicant was inducted into office and the term of office of each of the applicants; (3) The name of the proposed corporation, which shall be the Alabama Forensic Sciences Bond Authority; (4) The location of the principal office of the proposed corporation, which shall be Montgomery, Alabama; and  (5) Any other matter relating to the incorporation which the applicants may choose to insert and which is not inconsistent with this article or the laws of the State of Alabama. The application shall be subscribed and sworn to by each of the applicants before an officer authorized by the laws of the State of Alabama to take acknowledgments to deeds. The Secretary of State shall examine the application and, if he finds that it substantially complies with the requirements of this section, he shall receive and file it and record it in an appropriate book of records in his office. (Act 98-391, p. 771, §3.)
AL Code § 16-18B-4 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18B - Alabama Forensic Sciences Bond Authority.|Section 16-18B-4 - Certificate of Incorporation.

Section 16-18B-4Certificate of incorporation. When the application has been made, filed and recorded, as herein provided, the applicants shall constitute a public corporation under the name proposed in the application and the Secretary of State shall make and issue to the applicants a certificate of incorporation pursuant to this article, under the Great Seal of the State, and shall record the same with the application. There shall be no fees paid to the Secretary of State for any work in connection with the incorporation or dissolution of the corporation so organized (which, for convenience, is herein referred to as "the corporation"). (Act 98-391, p. 771, §;4.)
AL Code § 16-18B-5 (2021)
2021 Code of Alabama|Title 16 - Education.|Chapter 18B - Alabama Forensic Sciences Bond Authority.|Section 16-18B-5 - Members; Officers; Quorum; Vacancies; Salaries; Record of Proceedings.

Section 16-18B-5Members; officers; quorum; vacancies; salaries; record of proceedings. The applicants named in the application and their respective successors in office shall constitute the members of the corporation. The Governor shall be the president of the corporation and the Director of Finance shall be the secretary of the corporation. The State Treasurer shall be the treasurer of the corporation and shall act as custodian of its funds. The members of the corporation shall constitute all the members of the board of directors of the corporation, and any three members of the board of directors shall constitute a quorum for the transaction of business. Should any of said officials of the state die or should his term of office as Governor, Lieutenant Governor, Speaker of the House of Representatives, Director of Finance, or State Treasurer expire or should he resign therefrom, his successor in office shall take his place as a member, officer and director of the corporation, as the case may be. No member, officer or director of the corporation shall draw any salary, in addition to that now authorized by law, for any service he may render or any duty he may perform in connection with the corporation. All proceedings had and done by the board of directors shall be reduced to writing by the secretary of the corporation and recorded in a substantially bound book. Copies of such proceedings, when certified by the secretary of the corporation under the seal of the corporation, shall be received in all courts as prima facie evidence of the matters and things therein certified. (Act 98-391, p. 771, §5.)