Section 41-10-44.14 No notice, approval, public hearing required for issuance of obligations. - Alabama Statutes

Section 41-10-44.14

No notice, approval, public hearing required for issuance of obligations.

Except as may be expressly provided in this article, no proceeding, notice or approval shall be required for the issuance of any project 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 state Department of Finance shall be prerequisite to the issuance of project obligations by the authority.

(Acts 1993, 1st Ex. Sess., No. 93-851, p. 79, §1.)