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41-10-622
Section 41-10-622 Definitions. When used in this division, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) APPROPRIATED FUNDS.
The tobacco revenues deposited in the special fund to the extent such revenues are appropriated
to the authority pursuant to Section 41-10-630. (2) AUTHORITY. The Alabama 21st Century Authority
authorized to be established pursuant to Section 41-10-623. (3) BONDS. Those bonds, including
refunding bonds, issued pursuant to this division. (4) GOVERNMENT SECURITIES. Any bonds or
other obligations which as the principal and interest constitute direct obligations of, or
are unconditionally guaranteed by, the United States of America, including obligations of
any federal agency to the extent such obligations are unconditionally guaranteed by the United
States of America and any certificates or any other evidences of an ownership interest in
such obligations of, or unconditionally guaranteed by, the United...
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45-17-242.06
Section 45-17-242.06 Disposition of funds for hospital purposes. The proceeds of the tax authorized
by this part, if imposed, less the cost of collection as provided herein, shall be paid into
the county treasury, and all revenues arising therefrom shall be appropriated by the county
governing body for the use of any public corporation which may be organized in the county
for the purpose of acquiring, constructing, equipping, enlarging, improving, operating, and
maintaining a hospital in the county. Such public corporation may pledge any portion of such
revenues as security for the payment of the principal of and the interest on any bonds, securities,
or other notes or evidences of indebtedness heretofore, or which hereafter may be, issued
by such corporation for the purpose of acquiring, constructing, equipping, enlarging, and
improving a hospital in the county; and any portion of the proceeds of the tax not so pledged
shall be used for the support, maintenance, and operation of such...
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11-10-6
Section 11-10-6 State and Local Fiscal Assistance Act of 1972. (a) The governing bodies of
the counties in this state are hereby authorized, for and on behalf of their respective counties,
to make temporary loans in anticipation of the receipt of payments from the United States
under the State and Local Fiscal Assistance Act of 1972 (31 U.S.C. §1221 et seq.) and to
issue certificates evidencing such loans and to pledge a sufficient amount of said anticipated
receipts to secure the repayment of such loan or loans. (b) Such loans shall not be for a
sum greater than the amount of such anticipated receipts less interest from the time of such
loan until the time of the anticipated receipt of such funds. (c) All certificates issued
under the authority of this section and all interest thereon shall be exempt from taxation.
(Acts 1975, No. 1045, p. 2101, §§1-3; Acts 1982, No. 82-619, p. 117.)...
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11-97-10
Section 11-97-10 Security for payment of bonds; contracts and agreements to secure. (a) Bonds
issued by any corporation may, as its board may deem advisable, be either general obligations
of such corporation or limited obligations payable only out of certain specified revenues
or assets of such corporation; provided, that any corporation may enter into contracts with
the holders of any of its bonds preventing such corporation from thereafter issuing general
obligation bonds or limiting the amount of such bonds that may thereafter be issued. To the
extent permitted by any contracts with the holders of outstanding bonds and any other contractual
obligations or requirements, any corporation may pledge any of its revenues or mortgage or
assign any of its assets, whether real or personal and whether tangible or intangible, to
secure the payment of any of its bonds. (b) As security for payment of the principal of and
the interest and premium, if any, on any bonds issued or assumed by it, any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-97-10.htm - 8K - Match Info - Similar pages
2-6-78
Section 2-6-78 Disposition of proceeds from sale of securities. All proceeds derived from the
sale of any securities of the corporation, other than refunding securities, shall be deposited
in the State Treasury and carried in a special account or accounts, and may be withdrawn solely
for the purposes and in the amounts set out below: (1) No more than 60 percent of the said
proceeds shall be used for the acquisition, construction and installation of a market facility
by the Board of Agriculture and Industries. Withdrawals for such purpose shall be upon requisition
by or pursuant to authority of the Board of Agriculture and Industries addressed and presented
to the State Comptroller and paid out by the warrant of the Comptroller upon the State Treasury,
to be used only to pay the following: a. The cost of materials, supplies and labor used in
the construction of the market facility; b. The cost of acquisition and installation of equipment
for the market facility; c. The cost of acquiring...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-78.htm - 4K - Match Info - Similar pages
22-29-21
Section 22-29-21 Grants to local public bodies - Powers of local public bodies. In order to
provide for the funding of the grant by the authority for a project to the local public body,
such local public body is hereby authorized and empowered, any existing statute to the contrary
notwithstanding, to do and perform any one or more of the following: (1) To obligate itself
to pay to the authority at periodic intervals a sum sufficient to provide bond service charges
with respect to the bonds of the authority issued to fund the grant for such project. (2)
To levy, collect and pay over to the authority and to obligate itself to continue to levy,
collect and pay over to the authority the proceeds of any one or more of the following: a.
Any sewer or waste disposal service fee or charge; b. Any privilege or license tax; or c.
Any special assessment on the property drained, served or benefited by the project. (3) To
undertake and obligate itself to pay its contractual obligation to the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-29-21.htm - 2K - Match Info - Similar pages
11-101A-10
Section 11-101A-10 Powers of authorizing subdivision. (a) In addition to all other powers that
an authorizing subdivision may have with respect to an authority, any authorizing subdivision
may, with or without consideration and on such terms as its governing body may deem advisable:
(1) Lend, donate, or otherwise contribute money to, or perform services for the benefit of,
an authority. (2) Donate, convey, transfer, lease, or grant to an authority any property of
any kind. (3) Enter into contractual agreements with an authority and with other authorizing
subdivisions obligating the authorizing subdivision to lend, donate, or otherwise contribute
money to, perform services for the benefit of, and to otherwise provide financial support
for an authority. (4) Issue securities of the authorizing subdivision to provide moneys to
make any loan, donation, or contribution provided for in subdivisions (1), (2), and (3). (b)
The obligation of an authorizing subdivision to lend, donate, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-101A-10.htm - 3K - Match Info - Similar pages
16-16B-8
Section 16-16B-8 (Implementation Conditioned on Separate Legislative Enactment.) Refunding
bonds. For the purpose of refunding any Bonds or Refunding Bonds of the Authority issued under
the provisions of this chapter, the 1965 Act, the 1971 Acts, the 1973 Act, the 1978 Act, the
1985 Act, the 1990 Act, the 1995 Act, the 1998 Act, the 1999 Act, the 2001 Act, the 2002 Act,
the 2003 Act, the 2007 Act or any other act previously enacted, or any combination thereof,
whether such refunding shall occur before, at or after the maturity of the Bonds refunded
and for the purpose of paying all premiums and expenses of such refunding (including, but
not limited to, attorneys' fees, costs of printing the Refunding Bonds, fiscal agents' fees,
and accountants' fees), the Authority is hereby authorized to sell and issue its Refunding
Bonds. Such Refunding Bonds may be sold and issued from time to time, at public sale, on sealed
bids and on such other terms and conditions as the Authority shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16B-8.htm - 7K - Match Info - Similar pages
33-10-24
Section 33-10-24 Issuance of bonds. The commission is granted the power to incur debt and issue
bonds by any of the means authorized by the Constitution and laws of the State of Alabama.
Any revenue-producing wharf, dock, warehouse, elevator, industrial facility or other structure
owned by or to be acquired by the commission from proceeds of bonds issued by it is hereby
declared to be a revenue-producing public utility as that term is used and defined by the
Constitution and laws of the state in connection with the issuance of revenue bonds of political
subdivisions of the state. As an additional grant of authority beyond other provisions of
the Constitution, the commission is authorized to issue negotiable bonds for any purpose within
their delegated authority, and to pledge for the payment of the principal and interest of
such negotiable bonds the income and revenues derived or to be derived from the properties
and facilities maintained and operated by them or received by the...
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45-11-244.10
Section 45-11-244.10 Use of proceeds. The proceeds of any taxes levied pursuant to the authorization
contained in this part shall be used only for the purpose of providing funds to pay the costs
of construction, maintenance, and operation of hospital facilities in the county. The entire
proceeds derived by the county from the taxes herein authorized to be levied, including any
income derived from the investment of such proceeds, shall be paid over and deposited, promptly
upon receipt thereof, into a separate and distinct fund or account of the county, which shall
be accounted for as other county funds; provided, however, the governing body of the county
shall have the further power to designate as the agency of the county to construct, maintain,
and operate the hospital facilities any public hospital corporation heretofore or hereafter
organized for hospital purposes in the county. When a public hospital corporation shall be
so designated, the proceeds of the taxes thereafter collected...
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