Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
property: includes both real and personal property. See Alabama Code 1-1-1
state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
(1) Issue or award honorariums whether as compensation for services or as gifts or donations, without entering into contracts and without regard to the competitive state bidding requirements in Chapters 4 and 16.(2) Hold public and private hearings.(3) Enter into contracts, within the limits of funds available therefor, with individuals, organizations, and institutions, for services furthering the educational objectives of the council’s program.(4) Enter into contracts, within the limit of funds available therefor, with local and regional associations, for cooperative endeavors furthering the educational objectives of the council’s programs.(5) Accept public or private gifts, grants, donations, or bequests of unrestricted funds.(6) Acquire real property by lease or gift but not by purchase.(7) Renovate, furnish, and maintain such real property and lease or sublease the same.(8) Allocate and expend funds from all donations, income, and revenue from any source whatsoever coming into the State Treasury, for the fulfillment and accomplishment of the objectives for which the council was created.(9) Make and sign any agreements and perform any acts that may be necessary to carry out the purposes of this article.(b) All debts or obligations incurred by the council shall be solely and exclusively obligations of the council and shall not create an obligation of the State of Alabama or of any county or municipality.
