§ 41-10-300 Definitions
§ 41-10-301 Purpose of article and construction
§ 41-10-302 Incorporation of authority
§ 41-10-303 Certificate of incorporation – Application
§ 41-10-304 Certificate of incorporation – Issuance
§ 41-10-305 Members; officers; directors; quorum; vacancies; salaries and expenses; liability
§ 41-10-306 Resolutions and proceedings of board of directors
§ 41-10-307 Powers of authority
§ 41-10-308 Temporary loans in anticipation of issuance of bonds
§ 41-10-309 Execution of bonds and notes
§ 41-10-310 Authority to issue bonds
§ 41-10-311 Authority to issue refunding bonds
§ 41-10-312 Specifications and priority of bonds
§ 41-10-313 Price of bonds; competitive bidding; notice of sale; expenses of sale
§ 41-10-314 Investment of trust funds in bonds of authority
§ 41-10-315 Security for deposit of governmental funds
§ 41-10-316 Disposition of proceeds of bonds
§ 41-10-317 Investment of proceeds
§ 41-10-318 Security for bonds
§ 41-10-319 Rights of holders of bonds upon default
§ 41-10-320 Bonds and coupons deemed negotiable instruments
§ 41-10-321 Obligations, bonds and notes not debts of state
§ 41-10-322 Conveyance of property by commission; right to possession
§ 41-10-323 Plans for construction of facilities
§ 41-10-324 Leasing to commission and other agencies
§ 41-10-325 Lease of vacant facilities to prevent default on bonds
§ 41-10-326 Special funds for payment of bonds, insurance, and other expenses
§ 41-10-327 Exemption from taxation
§ 41-10-328 Venue for actions
§ 41-10-329 No fees for incorporation or dissolution
§ 41-10-330 Dissolution
§ 41-10-331 Exemption of leases of facilities from competitive bid laws
§ 41-10-332 Exemption from Sunset Law

Terms Used In Alabama Code > Title 41 > Chapter 10 > Article 10 - Alabama Space Science Exhibit Finance Authority

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • circuit: means judicial circuit. See Alabama Code 1-1-1
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • following: means next after. See Alabama Code 1-1-1
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
  • property: includes both real and personal property. See Alabama Code 1-1-1
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Quorum: The number of legislators that must be present to do business.
  • 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
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1
  • writing: includes typewriting and printing on paper. See Alabama Code 1-1-1
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1