23-1-313
Section 23-1-313 Bonds and notes - Disposition of proceeds from sale. The authority
shall pay out of the proceeds from the sale of the obligations authorized by this article
all expenses that the board of directors may deem necessary and advantageous in connection
with the sale and issuance thereof. The proceeds from the issue of any obligations authorized
by this article, (i) except the proceeds of bonds which were issued to pay principal and interest
of temporary bonds or notes and in anticipation of which such temporary bonds or notes shall
have been issued, and (ii) except the proceeds of refunding bonds issued to refund any outstanding
obligation, remaining after paying the expenses of their sale and issuance, shall be deposited
in the State Treasury, shall be credited to the Road and Bridge Fund and shall be subject
to be withdrawn by the authority, upon the approval of the State Department of Transportation
and the Governor, but only for the purpose of paying the federal share...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-313.htm - 3K - Match Info - Similar pages

41-10-547
Section 41-10-547 Bonds of the authority. (a) The authority is authorized from time
to time to sell and issue its bonds for the purpose of financing project costs pertaining
to one or more projects or for the purpose of providing funds to pay training facility management
fees, or any combination of the foregoing including, without limitation, in the case of authority
obligations issued for the purpose of providing funds to pay training facility management
fees, costs, expenses, and other items of the type described in paragraphs g., h., i., and
j. of the definition of project costs in Section 41-10-541 or to enter into guaranty
agreements wherein the authority guarantees payment, in whole or in part, of debt service
referable to obligations issued by development agencies for the purpose of financing project
costs pertaining to one or more projects; provided, however, that the principal amount of
authority obligations shall not exceed three hundred million dollars ($300,000,000). For...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-547.htm - 9K - Match Info - Similar pages

41-10-674
Section 41-10-674 Authorization to issue bonds. (a) General. The authority is authorized
from time to time to sell and issue the bonds in one or more series in an aggregate principal
amount of up to one hundred three million seven hundred sixty thousand dollars ($103,760,000)
in order to provide the funds to pay project costs, ancillary costs and training costs. In
addition, proceeds of the bonds in an amount up to four million six hundred fifty-five thousand
dollars ($4,655,000) shall be used to pay the cost of reconstructing and improving the flood
levee located in Elba, Alabama and proceeds in an amount up to five million eight hundred
ten thousand dollars ($5,810,000) shall be used to pay the cost of reconstructing and improving
the flood levee located in Geneva, Alabama. Of the proceeds of the bonds an amount up to seven
hundred sixty thousand dollars ($760,000) shall be allocated for the acquisition of high technology
and audio-visual equipment for an advanced aerospace training...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-674.htm - 3K - Match Info - Similar pages

11-92B-10
Section 11-92B-10 Powers and duties of authority. An authority shall have the following
powers and duties together with all powers and duties incidental thereto or necessary to the
discharge thereof: (1) To sue or be sued and to prosecute and defend in any court of competent
jurisdiction. (2) To adopt and to use a corporate seal and to alter the seal at pleasure.
(3) To adopt and alter bylaws for the regulation and conduct of its affairs and business.
(4) With respect to property within the operational area of the authority, to acquire, receive,
and take title to by purchase, gift, lease, devise, or otherwise, to hold, keep, improve,
maintain, and impose restrictive covenants and land use controls, to engage in environmental
remediation and restoration efforts as required under applicable agreements with the United
States Department of Defense, to equip, furnish, develop, and to transfer, convey, donate,
sell, lease, grant options to, assign, encumber with easements and mortgages and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92B-10.htm - 7K - Match Info - Similar pages

45-37-170.26
Section 45-37-170.26 Powers of authority. The authority shall have the following powers
together with all powers incidental thereto or necessary for the performance of the powers
stated in this section: (1) To have succession by its corporate name without time limit.
(2) To sue and be sued and to prosecute and defend civil actions in any court having jurisdiction
of the subject matter and of the parties. (3) To have and to use a corporate seal and to alter
the same at its pleasure. (4) To receive and expend funds from federal, state, county, municipal,
and private sources for the purposes hereof. (5) To dig channels, build dikes, dams, and lakes
or ponds to contain flood waters as deemed useful by it to improve flood control, and whenever
practical to build any and all facilities which can contribute to the use of such flood control
channels for navigation. (6) To contract with municipalities and counties for the financing
and joint construction and operation of such facilities. (7) To...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-170.26.htm - 3K - Match Info - Similar pages

22-21-324
Section 22-21-324 Use of proceeds. (a) The principal proceeds derived from any borrowing
made by an authority shall be used solely for the purpose or purposes for which such borrowing
was authorized to be made. If any securities are issued for the purpose of financing costs
of acquiring, constructing, improving, enlarging and equipping health care facilities, such
costs shall be deemed to include the following: (1) The cost of any land forming a part of
such health care facilities; (2) The cost of the labor, materials and supplies used in any
such construction, improvement or enlargement, including architectural and engineering fees
and the cost of preparing contract documents advertising for bids; (3) The purchase price
of, and the cost of installing, equipment for such health care facilities; (4) The cost of
landscaping the lands forming a part of such health care facilities and of constructing and
installing roads, sidewalks, curbs, gutters, utilities and parking places in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-324.htm - 4K - 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

11-62-7
Section 11-62-7 Powers of authority generally; operation of facilities by authority.
(a) Every authority shall have all of the powers necessary and convenient to carry out and
effectuate the purposes and provisions of this chapter, including, without limiting the generality
of the foregoing, the following powers: (1) To have succession in its corporate name for the
duration of time (which may be in perpetuity, subject to the provisions of Section
11-62-17) specified in its certificate of incorporation; (2) To sue and be sued in its own
name in civil suits and actions and to defend suits against it; (3) To adopt and make use
of a corporate seal and to alter the same at pleasure; (4) To adopt, alter, and repeal bylaws,
regulations, and rules, not inconsistent with the provisions of this chapter, for the regulation
and conduct of its affairs and business; (5) To acquire, whether by gift, purchase, transfer,
foreclosure, lease, or otherwise, and to expand, improve, maintain, equip, and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-7.htm - 9K - Match Info - Similar pages

41-10-550
Section 41-10-550 Appropriation and pledge of funds for authority obligations. (a) For
the purpose of providing funds to enable the authority to pay debt service referable to any
bonds issued by it, amounts due on any authority guaranties entered into by it under this
division and other obligations incurred by the authority pursuant to this division, and to
pay the costs of acquiring, operating, and maintaining any project or other property the authority
may own, acquire, or operate and to pay any other costs, expenses, or obligations of the authority,
there is irrevocably pledged to such purpose and is appropriated to the authority so much
as may be necessary therefor of the appropriated funds. All moneys hereby appropriated and
pledged shall be deposited in a special fund maintained by the State Treasurer separate and
apart from all other funds under his or her supervision, and the State Treasurer is hereby
directed to cause moneys in the special fund to be disbursed solely for the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-550.htm - 4K - Match Info - Similar pages

11-89A-8
Section 11-89A-8 Powers of authority; location of facilities of authority. (a) Every
authority shall have all of the powers necessary and convenient to carry out and effectuate
the purposes and provisions of this chapter, including (without limiting the generality of
the foregoing) the following powers: (1) To have succession in its corporate name for the
duration of time (which may be in perpetuity, subject to the provisions of Section
11-89A-21 specified in its certificate of incorporation); (2) To sue and be sued in its own
name in civil suits and actions and to defend suit against it; (3) To adopt and make use of
a corporate seal and to alter the same at pleasure; (4) To adopt, alter, and repeal bylaws,
regulations, and rules, not inconsistent with the provisions of this chapter, for the regulation
and conduct of its affairs and business; (5) To acquire, whether by gift, purchase, transfer,
foreclosure, lease, or otherwise, to construct and to expand, improve, operate, maintain,...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-8.htm - 10K - Match Info - Similar pages