Chapter 1 - Gulf State Park Improvement Act
- Section 9-14B-1 Legislative findings and purpose
The Legislature finds and declares the following: That it is desirable and in the public interest that a hotel/convention center complex and related recreational ...
- Section 9-14B-2 Short title
This chapter shall be known and may be cited as the "Gulf State Park Improvement Act". ...
- Section 9-14B-3 Definitions
Whenever used in this chapter, the following terms shall have the following meanings respectively, unless the context clearly indicates otherwise: (1) AUTHORITY. The Gulf ...
- Section 9-14B-4 Incorporation of authority authorized; application; filing
(a) To become a public corporation and instrumentality of the state with the powers herein provided, the Governor, the Director of Finance of the ...
- Section 9-14B-5 Members, officers and directors of the authority
(a) The following persons shall constitute the members of the authority: (1) The Governor of the State of Alabama, (2) the commissioner of the ...
- Section 9-14B-6 Powers of the authority
The authority shall have, in addition to all other powers granted to it in this chapter, all of the following powers: (1) To have ...
- Section 9-14B-7 Authorization to issue bonds
(a) General. Subject to prior approval of the project by the Joint Legislative Committee on State Parks established by Section 9-14A-21, the authority from ...
- Section 9-14B-8 Funding agreements
The state and each local governmental entity may enter into a funding agreement with the authority for the purpose of providing for the payment ...
- Section 9-14B-9 Gulf State Park Fund
There is hereby created and established a fund to be known as the Gulf State Park Fund, which fund shall be comprised of all ...
- Section 9-14B-10 Pledge and appropriation of pledged revenues
There is hereby irrevocably pledged and appropriated the amount of pledged revenues and earnings thereon, as may be necessary to pay and to redeem ...
- Section 9-14B-11 Refunding bonds
(a) Any bonds issued by the authority from time to time may be refunded by the issuance, sale, or exchange of refunding bonds for ...
- Section 9-14B-12 Disposition of proceeds of bonds
(a) The authority may apply the proceeds of the bonds for all of the following: (1) To pay for project costs; (2) to fund ...
- Section 9-14B-13 Notice - Contested actions
Upon the adoption by the directors of any resolution providing for the issuance of bonds, the authority shall cause to be published once a ...
- Section 9-14B-14 Tax exemption
The income and property of the authority, all bonds of the authority and the interest paid on any such bonds, all conveyances by or ...
- Section 9-14B-15 Notice and hearing not required
Except as may be expressly provided in this chapter, no proceeding, notice, or approval shall be required for the issuance of any bonds by ...
- Section 9-14B-16 Application of competitive bid and public works laws
All contracts awarded by the authority with respect to the acquisition, construction, and equipping of the project shall be subject to all applicable competitive ...
- Section 9-14B-17 Dissolution
At any time when no bonds of the authority are outstanding, the authority may be dissolved upon the filing with the Secretary of State ...
- Section 9-14B-18 Utilization of services provided by state departments
The authority shall utilize all administrative services which may be provided by the State Department of Finance, the Department of Conservation and Natural Resources, ...
- Section 9-14B-19 Additional powers of the department
Notwithstanding any provision of law to the contrary, the department, with or without consideration and on terms as the commissioner of the department may ...
- Section 9-14B-20 Validation of bonds
The validity of any bonds issued by the authority may be determined in the manner provided in Sections 11-81-220 through 11-81-227, provided that, as ...
- Section 9-14B-21 Validation of funding agreement
If the petition for validation provided for in Section 9-14B-20 seeks to validate the funding agreements and the obligations of the local governmental entities ...
- Section 9-14B-22 Liberal construction
This chapter being remedial in nature, the provisions of this chapter shall be liberally construed to effect its purpose. ...
