Chapter50A. MUNICIPAL ELECTRIC AUTHORITY.  


§ 11-50A-1. Definitions.
§ 11-50A-2. Legislative intent.
§ 11-50A-3. Purpose of authority.
§ 11-50A-4. Application for incorporation.
§ 11-50A-5. Issuance and recording of certificate of incorporation; no fees to be paid.
§ 11-50A-6. Board of directors; election committee; distribution of votes; additional election committee members; terms of office; first and annual meeting; special meetings; waiver of meeting notice; vacancies; officers; compensation; books and records.
§ 11-50A-7. Tax exemptions; payments in lieu of taxes.
§ 11-50A-8. Powers of the authority.
§ 11-50A-9. Issuance of bonds; prerequisites; procedure; provisions; execution; bond resolution covenants.
§ 11-50A-10. Validation of bonds.
§ 11-50A-11. Validation of contracts.
§ 11-50A-12. Bond provisions; destroyed bonds; interest; cancellation; paying agents.
§ 11-50A-13. Immunity from liability; credit not pledged.
§ 11-50A-14. Right to receivership upon default.
§ 11-50A-15. Negotiability of bonds.
§ 11-50A-16. Bonds as legal investments.
§ 11-50A-17. Contracts for use of projects; purchase of electric power; payment of charges; indemnity; enforcement of performance.
§ 11-50A-18. Revenues of authority; rates; assignment to trustee; use of revenues.
§ 11-50A-19. Pledge of revenues.
§ 11-50A-20. Trust agreement.
§ 11-50A-21. Proceeds of bonds.
§ 11-50A-22. Issuance of bond anticipation notes and notes.
§ 11-50A-23. Trust funds.
§ 11-50A-24. Jurisdiction of actions.
§ 11-50A-25. Public Service Commission review and regulation.
§ 11-50A-26. Provisions of resolution, agreement, chapter, etc., as irrevocable contract with holders of bonds, notes, etc.
§ 11-50A-27. Dissolution of authority.
§ 11-50A-28. Exemption from Alabama Sunset Law.
§ 11-50A-29. Exemption from competitive bid laws.
§ 11-50A-30. Construction.
§ 11-50A-31. Effectiveness of pledges and security interests.
§ 11-50A-32. Powers declared supplementary.
§ 11-50A-33. Severability.