Ala. Code § 16-6K-2: Legislative Intent.

It is the intent of the Legislature by passage of this chapter to enable the state, acting by and through the Alabama Charter School Finance Authority, to aid state charter educational institutions in the financing and refinancing of project costs on a tax-exempt basis. To this end, the Legislature intends to authorize the authority to issue bonds for the purpose of providing funds to enable the authority to make loans to state charter educational institutions to pay project costs and to provide that state charter educational institutions shall secure the payment of such loans out of a dedicated source of revenue. This chapter shall be liberally construed in conformity with the intentions of the Legislature expressed in this section.