Alabama Transportation Infrastructure Bank Act.

  1. Law
  2. Code of Alabama
  3. Highways, Roads, Bridges and Ferries.
  4. Alabama Transportation Infrastructure Bank Act.

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Section
23-7-1

Short Title.

Section
23-7-2

Definitions.

Section
23-7-3

Creation; Purpose; Accounts.

Section
23-7-4

Board of Directors.

Section
23-7-5

Powers and Functions.

Section
23-7-6

Funding; Pledge of Revenues.

Section
23-7-7

Administration and Operations of Bank.

Section
23-7-8

Loans and Financial Assistance; Eligible and Qualified Projects.

Section
23-7-9

Financing Agreements; Other Authorized Financing; Security Interests.

Section
23-7-10

Essential Governmental Function of Bank; Taxation.

Section
23-7-11

Failure to Collect or Remit Funds Due; Withholding of Funds.

Section
23-7-12

Liability Under Chapter.

Section
23-7-13

Notice, Publication, etc., Referenda.

Section
23-7-14

Investment of Funds.

Section
23-7-15

Annual Report; Audit.

Section
23-7-16

Construction of Chapter.

Section
23-7-17

Bonds Authorized.

Section
23-7-18

Liability for Bonds.

Section
23-7-19

Requirements for Bonds.

Section
23-7-20

Securing of Bonds - Trust Indenture.

Section
23-7-21

Securing of Bonds - Pledge.

Section
23-7-22

Purchase of Outstanding Bonds.

Section
23-7-23

Form and Execution of Bonds.

Section
23-7-24

Validity of Signatures on Bonds.

Section
23-7-25

Limitation on Amendments.

Section
23-7-26

Taxation of Bonds and Income.

Section
23-7-27

Construction and Use of Bonds.

Section
23-7-28

Performance of Contracts by Legal Residents of Alabama.

Section
23-7-29

Other Financial Assistance Authorized.

Section
23-7-30

Net Earnings of Bank Not to Inure to Benefit of Any Individual, Firm, or Corporation.

Section
23-7-31

Dissolution of Bank.