SB442 Alabama 2010 Session

Sponsors

Session

Regular Session 2010

Title

Public School and College Authority, bonds, issuance for new school construction and renovation of existing school facilities in school systems directly impacted by 2005 Base Realignment and Closure, local school districts required to provide dollar for dollar match (2010-20875)

Description

This bill authorizes the State of Alabama to make payments to the City of Huntsville Federal Building Authority under certain circumstances for financing infrastructure and improvements in areas of North Alabama impacted by the 2005 Base Realignment and Closure. This bill also authorizes the Alabama Public School and College Authority to sell and issue bonds and to apply such proceeds for the construction of new school facilities as well as the renovation of existing school facilities in the several school systems located in those areas of North Alabama that will be directly impacted by the 2005 Base Realignment and Closure.

To authorize the State of Alabama to make payments to the City of Huntsville Federal Building Authority under certain circumstances for financing infrastructure and improvements in areas of North Alabama impacted by the 2005 Base Realignment and Closure; and to authorize the Alabama Public School and College Authority to sell and issue bonds and to apply such proceeds for the construction of new school facilities as well as the renovation of existing school facilities in the several school systems located in those areas of North Alabama that will be directly impacted by the 2005 Base Realignment and Closure.

Subjects

Public School and College Authority