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4-3-51
Section 4-3-51 Bonds - Issuance and sale generally; payment of principal and interest generally;
form, denominations, terms, etc. The authority shall have the power and is hereby authorized
at any time and from time to time to issue and sell its interest-bearing revenue bonds for
any of its corporate purposes. The principal of and the interest on all such bonds shall be
payable solely from, and may be secured by a pledge of, the revenues derived by the authority
from the operation of any or all of its airports, heliports, facilities and other property.
None of the bonds issued or contracts entered into by the authority shall ever constitute
or create an obligation or debt of the state or of any county or municipality within the state,
or a charge against the credit or taxing powers of the state or of any county or municipality
within the state. Bonds of the authority 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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/4-3-51.htm - 3K - Match Info - Similar pages
40-13-5
Section 40-13-5 Deposit of proceeds; disbursement and appropriation of funds. (a) The entire
proceeds from the privilege or license tax levied by Section 40-13-2 shall be deposited in
the State Treasury to the credit of the Alabama State Docks Bulk Handling Facility Trust Fund.
The proceeds from the special handling charge provided for by Act No. 2306 of the 1971 Regular
Session of the Legislature shall be deposited in the State Treasury to the credit of a fund
to be created and known as the Special Handling Charge Fund. (b) The amounts deposited into
such funds shall be disbursed and are hereby appropriated to the extent necessary for such
purpose, to pay at their respective maturities, or to redeem under the terms thereof, principal
of and interest on any revenue bonds that may at any time be issued pursuant to authorization
and any statute adopted at the 1971 Regular Session of the Alabama Legislature or at any other
legislative session prior thereto for the purpose of constructing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-13-5.htm - 2K - Match Info - Similar pages
41-10-757
Section 41-10-757 Disposition of proceeds of bonds. (a) The authority is authorized and empowered
to apply the proceeds of any bonds and any other funds belonging to the authority for any
of the following purposes or uses: (1) For the purposes for which the bonds were authorized
to be issued, in the following order: a. To repay the General Fund Rainy Day Account for the
$161,565,874 transferred to the State General Fund in fiscal year 2010 pursuant to Amendment
803 to the Constitution of Alabama of 1901. b. To repay a total of $238,434,126 to the Alabama
Trust Fund for amounts transferred to the State General Fund in fiscal years 2013, 2014, and
2015 pursuant to Section 4 of Amendment 856 to the Constitution of Alabama of 1901. c. To
provide one hundred twenty million dollars ($120,000,000) to the Alabama Medicaid Agency to
be distributed fifteen million dollars ($15,000,000) in fiscal year 2017 and one hundred five
million dollars ($105,000,000) in fiscal year 2018. The Alabama...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-757.htm - 3K - Match Info - Similar pages
41-10-93
Section 41-10-93 Authority for issuance of bonds by corporation; liability upon bonds; form,
terms, denominations, etc.; redemption; sale; payment of expenses in connection with authorization,
sale and issuance; bonds to contain recital as to authority for issuance; bonds to be deemed
negotiable instruments. The corporation is authorized at any time and from time to time to
issue its interest-bearing revenue bonds for the purpose of acquiring, constructing, improving,
enlarging, completing and equipping one or more projects. The principal of and interest on
any such bonds shall be payable solely out of the rent, revenues and income derived from the
project with respect to which such bonds are issued. None of the bonds of the corporation
shall ever constitute an obligation or debt of the state, the county or the municipality or
a charge against the credit or taxing power of the state, the county or municipality. The
bonds of the corporation may be in such form and denomination, may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-93.htm - 3K - Match Info - Similar pages
8-17-91
Section 8-17-91 Disposition of funds; overpayments. (a) The proceeds from the permit fees,
inspection fees, and penalties, if any, collected by the Commissioner of Agriculture and Industries
and the Revenue Commissioner pursuant to Section 8-17-87 together with one-third of the proceeds
of the six cent ($.06) additional motor fuel excise tax levied on gasoline under subdivision
(1) of subsection (a) of Section 40-17-325, shall be paid into the State Treasury and distributed
by the State Treasurer as follows: (1) An amount equal to five percent or no less than $175,000,
whichever is greater, of the combined proceeds received each month shall accrue to the credit
of, and be deposited in, the Agricultural Fund; and (2) The balance of the proceeds shall
be distributed as follows: a. 13.87 percent of the balance of the proceeds shall be distributed
equally among each of the 67 counties of the state monthly. The county shall deposit the proceeds
into the county's special RRR Fund as provided...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-17-91.htm - 9K - Match Info - Similar pages
11-105-3
Section 11-105-3 Powers of authority. (a) A public authority established pursuant to this chapter
may conduct programs and events, including, but not limited to, programs of information and
publicity and public events to attract tourists to geographic areas served by the authority.
The authority may conduct programs or events in Alabama and elsewhere and expend its funds
in the furtherance of such programs and events in Alabama and elsewhere. (b) The authority
may enter into contracts with a person, firm, corporation, or association to carry out the
purposes set forth herein. No contract entered into by the authority shall bind the State
of Alabama or any county or municipality of the State of Alabama. (c) The authority shall
have all of the following powers: (1) To sue and be sued. (2) To own, lease, license, operate,
purchase, acquire, hold, improve, develop, manage, sell, convey, transfer, exchange, release,
and dispose of, either alone or in conjunction with others, real and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-105-3.htm - 2K - Match Info - Similar pages
11-51-204
Section 11-51-204 Adoption, etc., of rules and regulations as to ascertainment, etc., and levy
of taxes. (a) The governing body of a municipality making or enforcing a levy or assessment
of taxes under the provisions of this article shall from time to time adopt by ordinance such
rules and regulations for making returns and for ascertainment, assessment, collection, and
administration of any taxes levied under the provisions of this article as it may deem necessary
to enforce its provisions and, upon request, shall furnish any taxpayer with a copy of those
rules and regulations. (b) Except as provided in this article, any interpretations, rules,
and regulations adopted or utilized by the governing body shall not be inconsistent with any
rules and regulations which may be issued or promulgated by the Department of Revenue from
time to time pursuant to the Alabama Administrative Procedure Act, for the corresponding state
tax. (Acts 1969, No. 917, p. 1653, §5; Act 98-192, p. 310, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-51-204.htm - 1K - Match Info - Similar pages
11-86A-16
Section 11-86A-16 Application of proceeds from the sale of bonds; source of payment; pledge
of county's or municipality's credit; negotiability; exemption from taxation; pledge as security
for funds belonging to a public person; investment in bonds by fiduciaries; no public hearing
required; investment in bonds by Teachers' Retirement System of Alabama, the Employees' Retirement
System of Alabama, and the State Insurance Fund; investment in bonds by public persons. (a)
The proceeds from the sale of any bonds shall be applied as provided in the proceedings in
which the bonds are authorized to be issued, including, without limitation, the payment of
all legal, fiscal, and recording fees and expenses incurred in connection with the authorization,
sale, and issuance of the bonds and, if provided in the proceedings authorizing their issuance,
interest on the bonds (or if only a part of any issue of bonds is issued for acquisition purposes,
interest on that portion of the bonds of that issue...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-86A-16.htm - 3K - Match Info - Similar pages
16-18B-13
Section 16-18B-13 Refunding bonds. Pursuant to the provisions of the aforesaid amendment and
this article, the corporation may, at any time and from time to time, issue for the state
refunding bonds of the state for the purpose of refunding any or all of the bonds authorized
by the amendment then outstanding (including any refunding bonds that may have been previously
issued), whether such refunding shall occur before, at or after the maturity of the bonds
to be refunded. In the discretion of the corporation, refunding bonds may be issued in exchange
for such outstanding bonds or they may be sold and the proceeds thereof applied to the purchase,
redemption or payment of outstanding bonds. Refunding bonds to be sold pursuant hereto may
be issued in such principal amount or amounts as shall be determined by the corporation. Pending
the application of the proceeds of refunding bonds issued in accordance with this section,
such proceeds, together with investment income therefrom, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18B-13.htm - 5K - Match Info - Similar pages
22-32-5
Section 22-32-5 Radiation Safety Fund; licensing and inspection fees; bond of contractor-leasor;
perpetual care fund; operating fund; compact commission fund; royalty fees; appropriation.
(a) There is hereby created a Radiation Safety Fund into which the State Treasurer shall deposit
the licensing, application, and inspection fee of the Radiation Control Agency. The Radiation
Control Agency is authorized to collect for deposit into the Radiation Safety Fund application,
licensing and inspection fees equal to 75 percent of those fees charged by the U.S. Nuclear
Regulatory Commission for issuing similar licenses. This authority applies only to the specific
licenses issued by the Radiation Control Agency. The funds available in the Radiation Safety
Fund are appropriated to the State Health Department for the purpose of Title 22, Chapter
14. The moneys in this fund may be carried over from one fiscal year to the next provided
that any unencumbered funds in excess of $100,000.00 on...
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