Chapter 50A - MUNICIPAL ELECTRIC AUTHORITY

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