Alabama Mental Health Finance Authority | MidpageAlabama Mental Health Finance Authority
41-10-350Legislative Findings and Purpose.41-10-351Definitions.41-10-352Authority for Incorporation of Alabama Mental Health Finance Authority; Members.41-10-353Application for Authority to Incorporate.41-10-354Certificate of Incorporation; No Fee or Compensation to Secretary of State.41-10-355Members of Authority; Officers; Payment of Bonds of Authority; Quorum; Vacancies; Compensation; Record of Proceedings and Use Thereof as Evidence; Meetings.41-10-356Powers of Authority.41-10-357Authorization to Issue Bonds; Limitation on Use of Proceeds.41-10-358Form, Terms, Denominations, Etc., of Bonds; Limitation on Maturity Date, Redemption.41-10-359Execution and Delivery of Bonds; Designation of Bonds for Community Facilities.41-10-360Sale of Bonds at Public Auction; Rejection of Bids; Notice of Sale; Terms and Conditions of Sale; Expenses, Fees, Etc.; Recital That Bonds Issued Pursuant to Article.41-10-361Liability Upon Bonds of Authority; Authorization of Authority to Pledge for Payment of Principal and Interest of Bonds; Bonds Deemed Negotiable Instruments.41-10-362Exemption from Taxation of Bonds and Income of Authority; Use of Bonds as Security for Deposits of State Funds; Investment of Trust Funds in Bonds.41-10-363Refunding Bonds; Proceeds of Sale of Refunding Bonds.41-10-364Proceeds of Bonds, Other Than Refunding Bonds; Special Fund to Pay Costs of Acquisition, Construction, Etc., of Mental Health Facilities; Such Work Supervised by Division of Construction Management of the Department of Finance; Such Work Subject to Competitive Bidding; Disposition of Moneys Remaining.41-10-365Sinking Fund for Payment of Principal and Interest on Bonds of Authority.41-10-366Contracts, Etc., Do Not Create Obligations of State.41-10-367Investment of Surplus Proceeds from Sale of Bonds; Disbursement of Income Derived from Such Investments.41-10-368Authority Is Nonprofit Corporation.41-10-369Dissolution of Authority; Disposition of Property Upon Dissolution of Authority.41-10-370Payment of Principal and Interest on Bonds and Maintenance of Records Pertaining Thereto by State Treasurer.41-10-371Power of Authority to Pay and Make Agreements with the United States to Exempt Interest of Bonds from Federal Income Tax.