Alabama Code 16-16B-3. Authorization to issue additional bonds and purposes thereof

(a) The Authority is hereby authorized to sell and issue its Bonds in the aggregate principal amount of up to $100,000,000 and to apply the proceeds as provided in this chapter, to include the following purposes: Paying the costs of acquisition and maintaining computer equipment, software, and digital textbooks for public education purposes in the State.

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Terms Used In Alabama Code 16-16B-3

Authority: means Alabama Public School and College Authority. See Alabama Code 16-16B-2
Digital textbooks: means an interactive, multimedia electronic book or digital resources that can be used creatively by learners. See Alabama Code 16-16B-2
following: means next after. See Alabama Code 1-1-1
Legislature: means the Legislature of Alabama. See Alabama Code 16-16B-2
State: means the State of Alabama. See Alabama Code 16-16B-2

(b) The Bonds authorized by this chapter to be issued by the Authority shall be in addition to all other bonds previously authorized to be issued by it, and the powers conferred on the Authority by this chapter are in addition to all other powers heretofore conferred on the Authority by acts heretofore enacted by the Legislature.

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