11-47-222
Section 11-47-222 Bonds of an authority - Sale and issuance of refunding bonds; maturity;
limitation on principal amount; use of proceeds; effectuation of refunding by sale or exchange
of bonds. (a) An authority may at any time and from time to time sell and issue its refunding
bonds for the purpose of refunding the principal of and interest on any then outstanding bonds
of the authority, whether or not the bonds shall have matured or be redeemable at the option
of the authority at the time of the refunding, and for the payment of any expenses incurred
in connection with the refunding and any premium or other sum necessary to be paid to redeem
or retire the bonds to be refunded. No refunding bonds shall be issued unless the present
value of all debt service on the refunding bonds (computed with a discount rate equal to the
true interest rate of the refunding bonds and taking into account all underwriting discount
and other issuance expenses) shall not be greater than 95 percent of the...
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22-21-142
Section 22-21-142 Bonds - Refunding. The authority may at any time and from time to
time sell and issue its refunding revenue bonds for the purpose of refunding the principal
of, and interest on, any matured or unmatured bonds of the authority at the time outstanding
and for the payment of any expenses incurred in connection with such refunding and any premium
necessary to be paid to redeem or retire the bonds so to be refunded; provided, that the principal
amount of bonds the authority may issue for refunding purposes may not exceed the sum of the
following: the principal amount of the bonds refunded thereby, the interest to mature thereon
from the immediately preceding interest payment date to their respective maturities (or, in
the event the bonds to be refunded, or any part thereof, are to be retired prior to their
respective maturities, the interest to mature thereon from the immediately preceding interest
payment date until the date or dates on which they are to be retired), any...
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11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution,
sale, delivery, redemption, etc.; security for payment of principal or interest; remedies
upon default; liability of municipalities, board, etc., thereupon. (a) Any authority shall
have power to issue from time to time its bonds and notes in such principal amount as its
board shall determine to be necessary to provide sufficient funds for achieving any of its
corporate purposes, including the payment of interest on any of its notes and bonds, the establishment
of reserves to secure any such notes and bonds and all other expenditures of such authority
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
authority shall also have the power to issue from time to time notes to renew notes and bonds
to pay notes, including interest thereon and, whenever it deems refunding expedient, to refund
any bonds by the issuance of new bonds, whether the bonds to be refunded...
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41-10-268
Section 41-10-268 Authorization, issuance and sale of bonds. The authority is hereby
authorized from time to time to sell and issue its interest-bearing or noninterest-bearing
bonds, in one or more series, not to exceed an aggregate principal amount of $40,000,000.00,
excluding refunding bonds described in Section 41-10-277, for the purpose of providing
funds for the acquisition, construction, installation and equipping of judicial facilities,
and for payment of obligations incurred for any of said purposes. Bonds of the authority 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, may be redeemable at such times and under such conditions, may bear interest at
such rate or rates payable and evidenced in such manner or may be structured to bear no interest
or to reflect compound interest and may be secured in such manner, all as shall not...
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41-10-469
Section 41-10-469 Use of proceeds of refunding bonds. The proceeds of refunding bonds
shall be applied, together with any other moneys legally available therefor, to the payment
of the expenses authorized by this article and to the payment of the principal of, premium,
if any, and interest due and to become due on any outstanding bonds to be refunded thereby
and, if so required by resolution of the authority, shall be deposited in the State Treasury
in an interest account to pay interest on refunding bonds, and in the State Treasury in a
reserve account to further secure the payment of the principal of, premium, if any, and interest
on any refunding bonds. The expenses authorized by this article shall include, in addition
to expenses authorized by other sections hereof, all expenses that the board of directors
may deem necessary or advantageous in connection with the sale and issuance of such refunding
bonds, including without limitation, the expenses of selling and issuing such...
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11-58-10
Section 11-58-10 Refunding bonds. Any bonds issued by a corporation organized under
this chapter and at any time outstanding may at any time and from time to time be refunded
by the corporation by the issuance of its refunding bonds in such amount as the board of directors
may deem necessary but not exceeding the principal amount of the bonds to be refunded, any
expenses estimated to be incurred in connection with such refunding and interest (accrued
or to accrue) to the respective maturities of the bonds to be refunded or, if the bonds to
be refunded are to be called for redemption, either on the earliest date on which under their
terms they may be redeemed or some other date or dates, the interest (accrued or to accrue)
on the bonds to be refunded to the date or dates on which they are to be called for redemption
plus the amount of any redemption premium required by their terms to be paid as a condition
to their redemption prior to their respective maturities. Any such refunding may...
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22-3A-14
Section 22-3A-14 Refunding bonds. (a) Any bonds issued by the authority under this chapter
may from time to time thereafter be refunded by the issuance of refunding bonds of the authority;
provided, however, that no refunding bonds shall be issued unless the present value of all
debt service on the refunding bonds (computed with a discount rate equal to the true interest
rate of the refunding bonds and taking into account all underwriting discount and other issuance
expenses) shall not be greater than 95 percent of the present value of all debt service on
the bonds to be refunded (computed using the same discount rate and taking into account the
underwriting discount and other issuance expenses originally applicable to such bonds) determined
as if such bonds to be refunded were paid and retired in accordance with the schedule of maturities
(considering mandatory redemption as a scheduled maturity) provided at the time of their issuance.
Provided further that the average maturity of the...
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2-3A-55
Section 2-3A-55 Refunding bonds. Pursuant to the provisions of Amendment 619 and this
article, the authority 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
aforesaid 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 authority, 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 such outstanding bonds. Refunding bonds to be issued in exchange
for such outstanding bonds shall not be issued in a principal amount greater than the principal
amount of the bonds to be refunded. Refunding bonds to be sold pursuant hereto may be issued
in such principal amount or amounts as shall be determined by said...
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11-54-57
Section 11-54-57 Refunding bonds. Any bonds issued under this article and at any time
outstanding may at any time and from time to time be refunded by a municipality by the issuance
of its refunding bonds in such amount as the governing body may deem necessary but not exceeding
an amount sufficient to refund the principal of the bonds so to be refunded, together with
any unpaid interest thereon, any premiums and commissions necessary to be paid in connection
therewith and the expenses incurred in connection with such refunding. Any such refunding
may be effected whether the bonds to be refunded shall have then matured or shall thereafter
mature either by sale of the refunding bonds and the application of the proceeds thereof for
the payment, redemption or retirement of the bonds to be refunded thereby or by exchange of
the refunding bonds for the bonds to be refunded thereby or by any combination thereof; provided,
that the holders of any bonds so to be refunded shall not be compelled...
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23-1-177
Section 23-1-177 Bonds - Generally. (a) The bonds of the corporation shall be signed
by its president and attested by its secretary, and the seal of the corporation shall be affixed
thereto or printed or otherwise reproduced thereon; provided, that a facsimile of the signature
of one, but not both, of the officers may be printed or otherwise reproduced on any such bonds
in lieu of his or her signing the same. (b) Any bonds of the corporation may be executed and
delivered by it at any time and from time to time, shall be in such form and denominations
and of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced
in such manner, may contain provisions for redemption prior to maturity, and may contain such
other provisions not inconsistent with this article, all as may be provided by the resolution
of the board of directors under which such bonds are authorized to be issued; provided, that
no bond of the corporation shall have a specified maturity date...
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