16-16-10
Section 16-16-10 Disposition of proceeds of bonds. (a) The proceeds of all bonds, other
than refunding bonds, issued by the authority remaining after paying expenses of their issuance
shall be deposited in the State Treasury and shall be carried in the State Treasury in a special
or separate account. Said expenses shall be deducted from that portion of the said proceeds
allocated in subsection (o) of this section. Such remaining funds shall be subject
to be drawn upon by the authority with the approval of the secretary of the authority and
the Governor, but any funds so withdrawn shall be used solely for the purpose of financing
the construction, reconstruction, alteration, improvement and equipment of buildings and other
facilities for public educational purposes, including the cost of architectural services therefor
and services rendered by building inspectors for periodic and final inspections thereof, and
for acquiring sites therefor, in accordance with the provisions of this...
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11-56-14
Section 11-56-14 Bonds - Disposition of proceeds from sale. (a) The proceeds derived
from the sale of any bonds (other than refunding bonds) may be used only to pay the cost of
acquiring, constructing, improving, enlarging and equipping the project with respect to which
they were issued as may be specified in the proceedings in which the bonds are authorized
to be issued. (b) Such cost, which shall be paid from the proceeds derived from the sale of
bonds, shall be deemed to include the following: (1) The cost of any land forming a part of
the project; (2) The costs of the labor, materials and supplies used in any such construction,
improvement or enlargement, including architect's and engineer's fees and the cost of preparing
contract documents and advertising for bids; (3) The purchase price of and the cost of installing
equipment for the project; (4) The cost of landscaping the lands forming a part of the project
and of constructing and installing roads, sidewalks, curbs, gutters,...
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41-10-97
Section 41-10-97 Disposition of proceeds from sale of bonds generally. The proceeds
derived from the sale of any bonds, other than refunding bonds, may be used only to pay the
cost of acquiring, constructing, improving, enlarging and equipping the project with respect
to which they were issued, as may be specified in the indenture or the proceedings in which
the bonds are authorized to be issued. Such cost shall be deemed to include the following:
the cost of acquiring any interest in the land forming a part of the project; the cost of
the labor, materials and supplies used in any such construction, improvement or enlargement,
including architect's and engineer's fees and the cost of preparing contract documents and
advertising for bids; the purchase price of and the cost of installing equipment for the project,
the cost of landscaping the land forming a part of the project and of constructing and installing
roads, sidewalks, curbs, gutters, utilities and parking places in connection...
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11-88-7.1
Section 11-88-7.1 Additional powers. (a) Any authority organized or operating pursuant
to Chapter 88 of Title 11 shall, in addition to all other powers now or hereafter granted
by law, have the following powers and rights: (1) To borrow money for temporary use for any
of its corporate purposes and, in evidence of such borrowing, to issue from time to time revenue
bonds or notes maturing not later than 36 months from the date of issuance. Any such temporary
borrowing may be made in anticipation of the sale and issuance of long-term revenue bonds,
and in such event, the principal proceeds from the sale of such long-term revenue bonds shall,
to the extent necessary, be used for payment of the principal of and the interest on the temporary
revenue bonds or notes issued in anticipation of the sale and issuance of such long-term revenue
bonds. Any such temporary borrowing may also be made with respect to a project simultaneously
with or after the sale and issuance of long-term revenue bonds...
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11-89A-2
Section 11-89A-2 Definitions. The following words and phrases used in this chapter,
and others evidently intended as the equivalent thereof, shall, in the absence of a clear
implication herein otherwise, be given the following respective interpretations herein: (1)
APPLICANT. A natural person who files a written application with the governing body of any
county or municipality in accordance with the provisions of Section 11-89A-3. (2) AUTHORITY.
Any public corporation organized pursuant to the provisions of this chapter. (3) AUTHORIZING
RESOLUTION. A resolution or ordinance adopted by the governing body of any county or municipality
in accordance with the provisions of Section 11-89A-3, that authorizes the incorporation
of an authority. (4) BOARD. The board of directors of an authority. (5) BONDS. Bonds, notes,
or other obligations representing an obligation to pay money. (6) COSTS. As applied to a facility
or any portion thereof, such term shall include all or any part of the cost of...
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23-2-149
Section 23-2-149 Trust agreements securing bond issues; authorized provisions protecting
holders; pledge of revenues. In the discretion of the authority, any bonds issued under the
provisions of this article may be secured by a trust agreement by and between the authority
and a corporate trustee, which may be any trust company, or bank having the powers of a trust
company, within or without the state. The trust agreement or the resolution providing for
the issuance of such bonds subject to the provisions of Section 23-2-147, may pledge
or assign tolls or other revenues to which the authority's right then exists or which may
thereafter come into existence, and the moneys derived therefrom, and the proceeds of such
bonds; provided, however, that the trust agreement or resolution shall not convey or mortgage
any toll road, bridge or tunnel project or any part thereof. Such trust agreement or resolution
providing for the issuance of bonds may contain such provisions for protecting and...
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37-13-14
Section 37-13-14 Bonds of authority - Disposition of proceeds from sale of bonds. The
proceeds derived from the sale of any bonds (other than refunding bonds) may be used only
to pay the costs of acquiring, constructing, improving, enlarging and equipping the railroad
properties and facilities, or other property with respect to which they were issued, as may
be specified in the proceedings in which the bonds are authorized to be issued. Such costs
shall be deemed to include the following: the costs of any land or easements forming a part
of such railroad properties and facilities or other property; the cost of labor, material
and supplies used in any such construction, improvement or enlargement, including architects'
and engineers' fees, and the cost of preparing contract documents and advertising for bids;
the purchase price of, and the cost of installing equipment for use in connection with, such
railroad properties and facilities or other property; the cost of constructing and...
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41-29-501
Section 41-29-501 Definitions. (a) For the purposes of this article, the following words
and phrases shall have the following meanings: (1) AUTHORITY. The public corporation organized
pursuant to the provisions of Sections 41-10-20 through 41-10-32. (2) AUTHORIZED PURPOSE.
Any one or more of the purposes for which grants are herein authorized to be made as specified
in Section 41-29-503(a). (3) BOARD OF DIRECTORS. The board of directors of the authority.
(4) BOND. The bonds issued under the provisions of this article. (5) CAPITAL COSTS. All costs
and expenses incurred by one or more investing companies in connection with the acquisition,
construction, installation, and equipping of a qualifying project during the period commencing
with the date on which such acquisition, construction, installation, and equipping commences
and ending on the date on which the qualifying project is placed in service, including, without
limitation of all of the following: a. The costs of acquiring,...
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11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution;
bond resolution covenants. (a) The authority shall, prior to the adoption by the board of
a resolution authorizing the issuance of any bonds, enter into one or more contracts with
two or more municipalities which are authorized to contract with the authority pursuant to
Section 11-50A-17. Any resolution of the board authorizing the issuance of bonds may
authorize those bonds to be issued in more than one series, and the issuance of each series
of bonds so authorized by that resolution need not be preceded by the entering into by the
authority of additional contracts pursuant to Section 11-50A-17. (b) The board may
by resolution or resolutions authorize the issuance of bonds. Unless otherwise provided therein,
the resolution or resolutions shall take effect immediately and need not be published or posted.
The board may authorize such types of bonds as it may determine, subject only to any agreement
with...
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16-18A-2
Section 16-18A-2 Definitions. As used in this chapter, the following words and terms
shall have the following meanings unless the context clearly indicates otherwise: (1) AUTHORITY.
The Private Colleges and Universities Facilities Authority created by this chapter and any
successor or successors thereto. Any change in name or composition of the authority shall
in no way affect the vested rights of any person under the provisions of this chapter. (2)
PROJECT. A structure or structures available for use as a dormitory or other student housing
facility, a dining hall, student union, administration building, academic building, library,
laboratory, research facility, classroom, athletic facility, health care facility, maintenance,
storage or utility facility and other structures or facilities related thereto or required
or useful for the instruction of students or the conducting of research or the operation of
an institution of higher education, whether proposed, under construction or...
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