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11-11A-3
Section 11-11A-3 Issuance of refunding warrants. Any county in the state of Alabama may from
time to time authorize, sell and issue refunding warrants for the purpose of refunding any
outstanding warrants theretofore issued under the provisions of this chapter (whether or not
the principal of the outstanding warrants to be refunded shall have matured at the time of
the issuance of the refunding warrants). Refunding warrants may not, however, be issued in
a principal amount that will result in the principal proceeds to be derived by the issuing
county therefrom exceeding the sum of (a) the outstanding principal of the warrants being
refunded, (b) the interest thereon accrued to the date of issuance of such refunding warrants,
(c) the interest to accrue on such outstanding warrants to their respective maturities or
to the earliest date on which they may, under their terms, be redeemed (whichever is earlier),
(d) any premium necessary to redeem or retire the outstanding warrants being...
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16-17A-2
Section 16-17A-2 Definitions. For purposes of this chapter, the following terms shall have
the following meanings: (1) ACADEMIC MEDICAL CENTER. The teaching, research, and clinical
facilities provided, established, or operated by a constitutionally created public university
in the state or a university that operates a school of medicine. (2) AUTHORITY. A public corporation
organized pursuant to the provisions of this chapter. (3) BOARD. The board of directors of
an authority. (4) DIRECTOR. A member of the board of an authority. (5) GOVERNMENTAL ENTITY.
The state, a county, a municipality, or any department, agency, board, or commission of the
state, a county, or a municipality. (6) HEALTH CARE FACILITY. All property or rights in property,
real or personal, tangible or intangible, useful to an authority in its operations, including
without limitation, the following: a. Facilities necessary or desirable to the operation of
an academic medical center, one or more health sciences schools,...
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45-32-150.16
Section 45-32-150.16 Disposition of funds. All fees, commissions, taxes, and other monies,
including fines and forfeitures, received under this part shall be paid to the Treasurer of
Greene County and deposited by the treasurer in the county treasury to the account of the
Greene County Racing Commission. All such monies remaining, after payment of expenses incurred
in the administration of this part, including the payment of the salaries and expenses of
the members and employees of this commission, shall be distributed on a quarterly basis as
follows: (1) There shall be distributed to the Greene County Commission an amount not to exceed
two hundred thousand dollars ($200,000) per year: a. To pay principal of and interest on bonds,
warrants or other securities at any time thereafter issued by the Greene County Commission
for the purpose of providing and equipping the existing jail facility; or constructing new
jail facilities and renovating, improving, and equipping existing jail...
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11-58-7
Section 11-58-7 Bonds - Form, terms, denominations, etc.; execution, sale, delivery, etc.;
dissolution of corporation. (a) All bonds issued by a corporation organized under authority
of this chapter shall be solely and exclusively obligations of the corporation and shall not
create an obligation or debt of any municipality or county. No county or municipality shall
pledge its faith or credit for the payment of any debt incurred or bonds issued by the corporation.
(b) Bonds may be executed and delivered at any time and from time to time, may be in the form
and denominations, may be of the tenor, may be in registered or bearer form, either as to
principal or interest or both, may be payable in installments and at a time or times, not
exceeding 40 years from their issuance date, may be payable at a place or places, may bear
interest at a rate or rates payable at a place or places and evidenced in a manner, and may
contain provisions not inconsistent with this chapter as may be provided by...
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11-92-5
Section 11-92-5 Sale, etc., by municipalities or counties of property or interests in property;
ownership of parks by municipalities or counties. (a) Any municipality or county shall have
the power to sell and grant options to acquire any property or interest in property acquired
under the provisions of this chapter. (b) The sales price of any part of an industrial park
shall be no less than the greater of the consideration for purchase paid by the participants
plus the cost of all improvements made in the development of the property and the costs of
financing the acquisition and development, other than interest on any warrants, prorated on
the basis of the acreage involved, or the then fair market value of the property to be sold
as determined by an appraisal filed with each participant by a real estate appraiser whose
appraisals are accepted by local lending institutions. (c) It is not the intention of this
chapter to authorize any county or municipality to take permanent title to an...
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16-13-302
Section 16-13-302 Issuance authorized; purposes; refunding warrants; powers of the boards;
mandamus for payment. (a) In addition to all other notes, obligations, warrants, and other
forms or types of indebtedness which any board shall have the power to issue pursuant to laws
other than this article, each board shall have full and continuing power from time to time
to issue and sell warrants for educational and public school purposes, including, without
limitation, the following: (1) For the purpose of paying the costs of public school facilities.
(2) For the purpose of paying or refunding all or any portion (principal or interest or premium)
of any refundable debt then outstanding, whether such refunding shall occur before, at, or
after the maturity of the refundable debt to be refunded. (3) For the payment of extraordinary,
nonrecurring items that are not customarily payable from current revenues, including, without
limitation, casualty losses, legal judgments, and payments due upon...
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45-37-249.02
Section 45-37-249.02 Definitions. (a) As used in this part, the following words, terms, and
phrases shall have the following respective meanings except where the context clearly indicates
a different meaning: (1) ACT 405. Act 405 of the 1967 Regular Session of the Legislature (Acts
1967, p. 1021), as amended. (2) AVERAGE DAILY MEMBERSHIP. The meaning ascribed in Section
16-13-232. (3) COMMITTEE. The Jefferson County Community Service Committee authorized in Section
45-37-249.10. (4) COUNTY. Jefferson County, Alabama. (5) COUNTY COMMISSION. The Jefferson
County Commission. (6) EXISTING SCHOOL WARRANTS. Collectively, the following limited obligation
warrants issued by the county for the benefit of public schools in the county: a. Limited
Obligation School Warrants, Series 2004-A, b. Limited Obligation School Warrants, Series 2005-A
and c. Limited Obligation School Warrants, Series 2005-B. (7) JEFFERSON COUNTY LEGISLATIVE
DELEGATION. The elected members of the House of Representatives and...
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11-28-7
Section 11-28-7 Provisions of this chapter control. Insofar as the provisions of this chapter
may be inconsistent with the provisions of any other law concerning actions authorized by
this chapter, the provisions of this chapter shall control, it being hereby specifically declared
that the provisions of Section 11-8-10 shall not be applicable to any warrants issued under
the provisions of this chapter. Subject to the preceding sentence, this chapter does and shall
be construed to provide an additional and alternative method for the doing of the things authorized
thereby and shall be regarded as supplemental and additional to other laws. The provisions
of Section 11-28-2 regarding the payment of interest on warrants issued pursuant to this chapter
shall be deemed declarative of existing law and shall not be construed in a manner adverse
to the validity of any bonds, notes, warrants or other instruments evidencing debt at any
time issued by the State of Alabama, any instrumentality...
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11-15-9
Section 11-15-9 Warrants - Authority for issuance; form, terms, denominations, redemption,
etc.; sale. The corporation is authorized to issue its interest-bearing revenue warrants for
the purpose of acquiring, constructing, improving, enlarging, completing and equipping one
or more projects. All warrants issued by the corporation shall be limited obligations of the
corporation, the principal of and interest on which shall be payable solely out of the revenues
derived from the projects with respect to which they are issued. None of the warrants of the
corporation shall ever constitute an obligation or debt of the state or of the county or a
charge against the credit or taxing powers of the state or the county. Warrants of the corporation
may be issued at any time and from time to time, may be in such form and denominations, may
be of such tenor, may be payable in such installments and at such time or times not exceeding
30 years from their date, may be payable at such place or places...
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11-32-2
Section 11-32-2 Definitions. As used in this chapter, the following words and phrases shall
mean the following unless the context clearly indicates otherwise: (1) AD VALOREM TAX. Those
real and personal property ad valorem taxes collected by the county tax collector, the director
of revenue of the county, or revenue commissioner, if any, for the county, but shall exclude
all ad valorem taxes collected for the State of Alabama and all boards of education, municipalities,
fire districts, or other entities located in the county. (2) APPLICANT. A natural person who
files a written application with the governing body of any county to which this chapter applies
and with a municipality in the county, all in accordance with Section 11-32-3. (3) AUTHORITY.
The public corporation organized pursuant to this chapter, which shall be an agency of the
state but shall not be a political subdivision of the state. (4) AUTHORIZING COUNTY. Any county
the governing body of which shall have adopted an...
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