22-29-20
Section 22-29-20 Grants to local public bodies - Plan or program. The plan or program for funding
the grant by the authority to a local public body for a project may be any one or more of
the following, as shall be approved by the authority: (1) An appropriation by the state. (2)
A grant by a corporation, foundation, fund or agency, public or private, to the state for
the purpose of abating water pollution or assisting local public bodies with their projects;
provided, that the state shall not receive any grant from a local public body which has received
or is to receive a grant for its project from the state. (3) The undertaking by the local
public body to levy, collect and pay over to the authority and to continue to levy, collect
and pay over to the authority sums sufficient to pay bond service charges with respect to
the bonds of the authority issued to fund a grant for such project the proceeds of any one
or more of the following: a. Any sewer or waste disposal service fee or...
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11-44E-52
Section 11-44E-52 Grant of franchise; lease, or right to use streets, etc.; transfer of waterworks,
sewer, electric, or gas plant and system to board or public corporation. No resolution, bylaw,
or ordinance granting to any person, firm, or corporation any franchise, lease, or right to
use the streets, public highways, thoroughfares, or public property of the city organized
under the provisions of this chapter, either in, under, upon, along, through, or over same
shall take effect and be in force until 30 days after the final enactment of same by the commission,
and publication of said resolution, or ordinance in full once a week for three consecutive
weeks in some newspaper published in the city, which publication shall be made at the expense
of the persons, firms, or corporations applying for the grant. Pending the passage of any
such resolution or ordinance, or during the time intervening between its final passage and
the expiration of the 30 days during which publication shall be...
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11-97-12
Section 11-97-12 Refunding bonds. (a) Any bonds issued or assumed by a corporation may from
time to time be refunded by the issuance, by sale or exchange, of refunding bonds payable
from the same or different sources for the purpose of paying all or any part of the principal
of the bonds to be refunded, any redemption premium required to be paid as a condition to
the redemption prior to maturity of any such bonds that are to be so redeemed in connection
with such refunding, any accrued and unpaid interest on the bonds to be refunded, any interest
to accrue on each bond to be refunded to the date on which it is to be paid, whether at maturity
or by redemption prior to maturity, and the expenses incurred in connection with such refunding
including, without limitation to, attorneys' fees, costs of printing the refunding bonds,
financial advisors' fees and accountants' fees; provided, that unless such bonds are duly
called for redemption pursuant to provisions contained therein, the...
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23-6-9
Section 23-6-9 Disposition of bond proceeds; industrial access road and bridge construction
account; refunding bonds; contracts for construction, etc., of roads and bridges; performance
of work done without contract; property acquired by corporation; roads and bridges constructed
to be part of public highway system; appropriation for road and bridge construction. The proceeds
of all bonds, other than refunding bonds, issued by the corporation, remaining after paying
the expenses of their issuance, shall be turned into the treasury, shall be carried in a special
industrial access road and bridge construction account, and shall be available to be drawn
upon by the corporation, upon the approval of the State Department of Transportation and the
Governor, but solely for the purpose of constructing, reconstructing, and relocating industrial
access roads and bridges and work incidental or related thereto, including the acquisition
of property necessary therefor. Moneys on deposit in the...
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9-10-36
Section 9-10-36 Issuance of bonds; issuance of notes and renewal notes; redemption of notes
or bonds; liability on notes or bonds; disposition of proceeds from sale of bonds; issuance
of interim receipts, etc. (a) Any such corporation is hereby authorized to provide by resolution
for the issuance of bonds of the corporation for any of its corporate purposes, including
the refunding of its bonds. The principal of and the interest on any issue of such bonds shall
be payable solely from, and may be secured by a pledge of, tolls, rentals, sales receipts
and other revenues of all or any part of the project or projects financed in whole or in part
with the proceeds of such bond issue or with the proceeds of bonds refunded or to be refunded
by such issue. The proceeds of any such bonds may be used or pledged for the payment or security
of the principal or of the interest on bonds and for the establishment of any or all reserves
for such payment or security or for other corporate purposes as...
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16-17-15
Section 16-17-15 Freedom of authority from state supervision and control. This chapter is intended
to aid the state in the execution of its duties by providing appropriate and independent instrumentalities
of the state with full and adequate powers to fulfill their functions. Except as in this chapter
expressly otherwise provided, no proceeding, notice or approval shall be required for the
incorporation of any authority or the amendment of its certificate of incorporation, the acquisition
of any property or ancillary improvements or the issuance of any bonds, mortgage and deed
of trust or trust indenture. Neither a public hearing nor the consent of the State Department
of Finance shall be prerequisite to the issuance of bonds by the authority. (Acts 1966, Ex.
Sess., No. 222, p. 325, §15.)...
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16-18-17
Section 16-18-17 Freedom of authority from state supervision and control. This chapter is intended
to aid the state in the execution of its duties by providing appropriate and independent instrumentalities
of the state with full and adequate powers to fulfill their functions. Except as in this chapter
expressly otherwise provided, no proceeding, notice or approval shall be required for the
incorporation of any authority or the amendment of its certificate of incorporation, the acquisition
of any property or ancillary improvements or the issuance of any bonds, mortgage and deed
of trust, or trust indenture. Neither a public hearing nor the consent of the State Department
of Finance shall be prerequisite to the issuance of bonds by the authority. (Acts 1966, Ex.
Sess., No. 221, p. 308, §17.)...
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22-3A-11
Section 22-3A-11 Sale of bonds. Bonds of the authority (including refunding bonds) may be sold
at such price(s) and at such time(s) as the directors may consider advantageous, either at
public sale through competitive bidding or by private sale through negotiation with the prospective
purchaser. The authority may fix the terms and conditions under which each sale of bonds may
be held. The authority may pay out of the proceeds from the sale of the bonds all expenses,
including, but not limited to, fees, premiums, discounts, insurance premiums and commissions
and letters of credit or other credit enhancement fees, as the directors may deem necessary
or advantageous. Neither a public hearing nor consent by the State Department of Finance or
any other department or agency shall be a prerequisite to the issuance of any of the bonds.
All bonds issued by the authority shall contain a recital that they are issued pursuant to
the provisions of this chapter, which recital shall be conclusive...
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33-13-2
Section 33-13-2 Legislative intent; construction of chapter. It is the intention of the Legislature
by the passage of this chapter to implement Constitutional Amendment No. 338 by: (1) Authorizing
the issuance of the interest-bearing general obligation bonds of the state provided for in
the said constitutional amendment; (2) Providing for the incorporation of a public corporation
to act as the agency of the state in the authorization, sale, issuance and approval of disbursement
of proceeds of the said bonds and to perform the other functions hereinafter specified; and
(3) Providing for the expenditure of the proceeds from the said bonds. It is also the intention
of the Legislature that, to the extent deemed feasible, in the sole discretion of the Alabama
State Docks Department with the approval of the Alabama Port Authority, the proceeds from
the said bonds will be used in preparation for and in anticipation of the demands that will
be made upon and the opportunities that will be...
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41-10-512
Section 41-10-512 Conveyance of land to corporation; conveyance of improvements back to state.
The Governor of Alabama or the officers of any public corporation, as appropriate, are authorized
and directed to execute and deliver immediately before or simultaneously with the issuance
of the first series of the bonds of the corporation contemplated by this article appropriate
deeds conveying to the corporation the title to that block of land bounded by the following
streets: Pelham, Jackson, Washington, and South Ripley in the Capitol complex in the City
of Montgomery, Alabama. The consideration for said conveyances shall be the corporation's
undertaking to reconvey said land with improvements free of charge to the state immediately
before the dissolution of the corporation. Since the land would otherwise remain unimproved,
said consideration is hereby conclusively determined to be valuable, adequate and fair. Immediately
prior to its dissolution the corporation shall also convey to the...
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