Alabama § 31-5B-5 Board of Directors -- Exemption from Requirements of Competitive Bidding, Public Records, Etc

Alabama Statutes

§ 31-5B-5 — Board of Directors -- Exemption from Requirements of Competitive Bidding, Public Records, Etc

Alabama·Title 31 Military Affairs and Civil Defense·Ch. 5B Alabama Veterans Resource Center Act

(a)The board may enter into contracts, leases, agreements, investments, and may otherwise expend monies without compliance with competitive bid laws under Article 5, commencing with Section 41-4-110, of Chapter 4 of Title 41, and Chapter 2 of Title 39.

(b)Solely as a result of entering into contracts, leases, agreements, investments, or otherwise as provided in subsection (a), no for profit or nonprofit private entity, nor the officers, employees, agents, or directors of any of the foregoing, shall become subject to state ethics laws or the Alabama Open Meetings Act under Chapter 25 and Chapter 25A of Title 36; competitive bid laws under Article 5, commencing with Section 41-4-110 of Chapter 4 of Title 41; Chapter 2 of Title 39; or public records laws under Article 3, commencing with Sec

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(a) The board may enter into contracts, leases, agreements, investments, and may otherwise expend monies without compliance with competitive bid laws under Article 5, commencing with Section 41-4-110, of Chapter 4 of Title 41, and Chapter 2 of Title 39.
(b) Solely as a result of entering into contracts, leases, agreements, investments, or otherwise as provided in subsection (a), no for profit or nonprofit private entity, nor the officers, employees, agents, or directors of any of the foregoing, shall become subject to state ethics laws or the Alabama Open Meetings Act under Chapter 25 and Chapter 25A of Title 36; competitive bid laws under Article 5, commencing with Section 41-4-110 of Chapter 4 of Title 41; Chapter 2 of Title 39; or public records laws under Article 3, commencing with Section 36-12-40 of Chapter 12 of Title 36.

Alabama § 31-5B-5 (Board of Directors -- Exemption from Requirements of Competitive Bidding, Public Records, Etc) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.