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Code of Alabama
Title 11
Title 2
Chapter 50A
Ala. Code § 11-50A et seq.
Municipal Electric Authority
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11-50A-1
Definitions.
11-50A-2
Legislative Intent.
11-50A-3
Purpose of Authority.
11-50A-4
Application for Incorporation.
11-50A-5
Issuance and Recording of Certificate of Incorporation; No Fees to Be Paid.
11-50A-6
Board of Directors; Election Committee; Meetings; Vacancies; Officers; Expenses; Recordkeeping; Audits.
11-50A-7
Tax Exemptions; Payments in Lieu of Taxes.
11-50A-8
Powers of the Authority.
11-50A-9
Issuance of Bonds; Prerequisites; Procedure; Provisions; Execution; Bond Resolution Covenants.
11-50A-10
Validation of Bonds.
11-50A-11
Validation of Contracts.
11-50A-12
Bond Provisions; Destroyed Bonds; Interest; Cancellation; Paying Agents.
11-50A-13
Immunity from Liability; Credit Not Pledged.
11-50A-14
Right to Receivership Upon Default.
11-50A-15
Negotiability of Bonds.
11-50A-16
Bonds as Legal Investments.
11-50A-17
Contracts for Use of Projects; Purchase of Electric Power; Payment of Charges; Indemnity; Enforcement of Performance.
11-50A-18
Revenues of Authority; Rates; Assignment to Trustee; Use of Revenues.
11-50A-19
Pledge of Revenues.
11-50A-20
Trust Agreement.
11-50A-21
Proceeds of Bonds.
11-50A-22
Issuance of Bond Anticipation Notes and Notes.
11-50A-23
Trust Funds.
11-50A-24
Jurisdiction of Actions.
11-50A-25
Public Service Commission Review and Regulation.
11-50A-26
Provisions of Resolution, Agreement, Chapter, Etc., as Irrevocable Contract with Holders of Bonds, Notes, Etc.
11-50A-27
Dissolution of Authority.
11-50A-28
Exemption from Alabama Sunset Law.
11-50A-29
Exemption from Competitive Bid Laws.
11-50A-30
Construction.
11-50A-31
Effectiveness of Pledges and Security Interests.
11-50A-32
Powers Declared Supplementary.
11-50A-33
Severability.