Alabama § 45-51A-31.34 Exemption from Certain Requirements and Regulation

Alabama Statutes

§ 45-51A-31.34 — Exemption from Certain Requirements and Regulation

Alabama § 45-51A-31.34

JurisdictionAlabama

Title 45Local Laws

Ch. 51AMontgomery County Municipalities

Art. 3Montgomery

Part 2Economic & Industrial Development and Zoning

Subpart 2Montgomery I-65 Corridor Development Authority

This text of Alabama § 45-51A-31.34 (Exemption from Certain Requirements and Regulation) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 45-51A-31.34 (2026).

Text

This subpart is intended to aid the state through the furtherance of the purposes of the subpart by providing an appropriate and independent instrumentality with full and adequate powers to fulfill its functions. Except as expressly provided in this subpart, no proceeding, notice, or approval shall be required for the establishment of the authority, the purchase of any note or other instrument secured by a mortgage deed of trust, note or other security interest, the issuance of any bonds, the execution of any mortgage and deed of trust or trust indenture, or the exercise of any other of its powers by the authority. Neither a public hearing nor the consent of the State Department of Finance or any other department, agency, bureau, board, or corporation of the state shall be prerequisite to 

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This subpart is intended to aid the state through the furtherance of the purposes of the subpart by providing an appropriate and independent instrumentality with full and adequate powers to fulfill its functions. Except as expressly provided in this subpart, no proceeding, notice, or approval shall be required for the establishment of the authority, the purchase of any note or other instrument secured by a mortgage deed of trust, note or other security interest, the issuance of any bonds, the execution of any mortgage and deed of trust or trust indenture, or the exercise of any other of its powers by the authority. Neither a public hearing nor the consent of the State Department of Finance or any other department, agency, bureau, board, or corporation of the state shall be prerequisite to the issuance of bonds by the authority.