Alabama Code (Last Updated: November 28, 2014) |
Title41 STATE GOVERNMENT. |
Chapter10. AUTHORITIES. |
Article16. Alabama Incentives Financing Authority. |
Division1. General Provisions. |
§41-10-554. No notice, approval, public hearing, etc., required for issuance of obligations.
Latest version.
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Except as may be expressly provided in this division, no proceeding, notice, or approval shall be required for the issuance of any authority obligations, the execution of any mortgage and deed of trust, trust indenture, or other document, or the exercise of any other of the powers of the authority. Neither a public hearing nor the consent of the Department of Finance shall be prerequisite to the issuance of authority obligations by the authority.