Alabama § 41-10-427 - Authority Authorized to Sell, Rent, Etc., Set Charges or Rents or Make Rent Adjustments Necessary to Meet Obligations.
Full text of Alabama Code of Alabama § 41-10-427 — Authority Authorized to Sell, Rent, Etc., Set Charges or Rents or Make Rent Adjustments Necessary to Meet Obligations., with citation guidance and answers to common questions.
§ 41-10-427. Authority Authorized to Sell, Rent, Etc., Set Charges or Rents or Make Rent Adjustments Necessary to Meet Obligations.
For the purpose of providing funds for the acquisition and preparation of sites, for the construction, reconstruction, alteration, and improvement of facilities, for the procurement and installation of equipment therefor, and for payment of obligations incurred and the principal of and interest on any temporary loans made for any of the said purposes, the authority is hereby authorized, from time to time, to sell, rent, lease, leaseback, set charges or rents, and to make rent adjustments necessary to meet such obligations and to use other revenues from any sources or income from said property. At no time shall any indebtedness or obligations or liabilities be that of the State of Alabama.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 41-10-427
What does Code of Alabama § 41-10-427 cover?
Section 41-10-427 ("Authority Authorized to Sell, Rent, Etc., Set Charges or Rents or Make Rent Adjustments Necessary to Meet Obligations.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 41-10-427?
A common citation format is "Code of Alabama § 41-10-427" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 41-10-427 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.