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22-23A-11
Section 22-23A-11 Establishment of dedicated source of revenue by community water system for
funding of loan by authority; powers of water system; default; repayment guidelines; project
accounts. (a) In order to provide for the funding of the loan by the authority for a project
to a community water system, such water system shall establish a dedicated source of revenue
to repay only the monies received from the authority and to provide for operation, maintenance
and equipment replacement expenses. Such water system is hereby authorized and empowered,
any existing statute to the contrary notwithstanding, to do and perform any one or more of
the following: (1) To obligate itself to pay to the authority at periodic intervals a sum
sufficient to provide bond debt service with respect to the bonds of the authority issued
to fund the loan for such project and to pay over such debt service to the account of the
project for deposit to the Water Supply Assistance Fund; (2) To levy, collect and...
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22-23B-8
Section 22-23B-8 Funding of a loan. (a) In order to provide for the funding of a loan by the
authority for a project to the public body, such public body shall, to the extent required
by the authority as a condition precedent to the making of a loan, establish a dedicated source
of revenue to repay the moneys received from the authority and to provide for operation, maintenance
and equipment replacement expenses. Such public body is hereby authorized and empowered, any
existing statute to the contrary notwithstanding, to do and perform any one or more of the
following: To obligate itself to pay to the authority at periodic intervals a sum sufficient
to provide bond debt service with respect to the bonds of the authority issued to fund the
loan for such project; To levy, collect and pay over to the authority and to obligate itself
to continue to levy, collect and pay over to the authority the proceeds of any one or more
of the following: Any fee or charge for services from any one or...
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11-47-241
Section 11-47-241 Powers of certain cities as to planning, establishment, operation, etc.,
of parking facilities. Any city in this state having a population of 34,000 or more according
to the last federal decennial or any subsequent federal census is hereby authorized: (1) To
plan, establish, develop, acquire, construct, enlarge, improve, maintain, equip, operate,
regulate, and protect parking facilities; (2) To finance the cost of parking facilities in
whole or in part by the issuance of bonds, warrants, notes, or other evidences of indebtedness;
(3) To pledge to the payment thereof its full faith and credit and any taxes, licenses, or
revenues which the city may then be authorized to pledge to the payment of bonded or other
indebtedness; (4) To lease or let parking facilities or any one or more of them to such tenant
or tenants, for such period and such compensation or rental and on such conditions as the
governing body may prescribe; (5) To fix, establish, collect, and alter parking...
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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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11-97-2
Section 11-97-2 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 11-97-3 hereof. (2) AUTHORIZING
RESOLUTION. A resolution of ordinance adopted by the governing body of any county or municipality
in accordance with the provisions of Section 11-97-3 hereof, that authorizes the incorporation
of a corporation. (3) BOARD. The board of directors of a corporation. (4) BONDS. Bonds, notes,
or other obligations representing an obligation to pay money. (5) CORPORATION. Any public
corporation organized pursuant to the provisions of this chapter. (6) COSTS. As applied to
a facility or any portion thereof, shall include all or any part of the...
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11-99B-7
Section 11-99B-7 Powers of district generally; power of district to acquire and operate projects;
provisions in schedules of rates and charges generally. Each district shall have the following
powers, together with all powers incidental thereto or necessary to the discharge thereof
in corporate form: (1) To have succession by its corporate name for the duration of time,
which may be in perpetuity, subject to the provisions of Section 11-99B-15, specified in its
certificate of incorporation. (2) To sue and to be sued in its own name in civil actions,
and to defend civil actions against it; provided, that the district shall be deemed to be
a "governmental entity" as defined in Chapter 93 of this title, for the purposes
of limiting the damages for which the district and its members may be liable. (3) To adopt
and make use of a corporate seal and to alter the same at pleasure. (4) To adopt and alter
bylaws for the regulation and conduct of its affairs and business. (5) To acquire, receive,...
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22-29-7
Section 22-29-7 Powers. The authority shall have the following powers, among others specified
in this chapter: (1) To have succession in its corporate name until the principal of and interest
on all bonds issued by it shall have been fully paid; (2) To maintain actions and have actions
maintained against it and to prosecute and defend 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 such
seal at pleasure; (4) To establish a fiscal year; (5) To acquire in any manner and to hold
title to or leasehold interests in real and personal property and to sell, convey or lease
the same for the purpose of carrying out its functions and duties under this chapter; (6)
To construct and operate or lease to or from any local public body any project; (7) To agree
to make and to make state grants to any local public body to assist in financing any project;
(8) To execute agreements effectively obligating the state to pay to a...
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22-30F-8
Section 22-30F-8 Funding of a loan. (a) In order to provide for the funding of a loan by the
authority for a project to the public body, such public body shall, to the extent required
by the authority as a condition precedent to the making of a loan, establish a dedicated source
of revenue to repay the moneys received from the authority and to provide for operation, maintenance,
and equipment replacement expenses. Such public body is hereby authorized and empowered, any
existing statute to the contrary notwithstanding, to do and perform any one or more of the
following: (1) To obligate itself to pay to the authority at periodic intervals a sum sufficient
to provide bond debt service with respect to the bonds of the authority issued to fund the
loan for such project. (2) To levy, collect, and pay over to the authority and to obligate
itself to continue to levy, collect, and pay over to the authority the proceeds of any one
or more of the following: a. Any fee or charge for services from...
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39-7-22
Section 39-7-22 Powers generally; consent of Department of Finance required for issuance or
sale of bonds or other evidence of indebtedness by authority. (a) Subject only to the Constitution
of the State of Alabama, each authority incorporated under this chapter shall have power:
(1) To sue and be sued; (2) To have a seal and alter the same at pleasure; (3) To acquire,
by purchase, gift, devise, lease or exercise of the power of eminent domain or other mode
of acquisition, hold and dispose of property real and personal, tangible and intangible, and
interests therein in its own name, subject to mortgages or other liens or otherwise, and to
pay therefor in cash or on credit and to secure and procure payment of all or any part of
the purchase price thereof on such terms and conditions as it shall determine; (4) To make
and enter into contracts, indentures of trust, leases and bonds; (5) To borrow money and to
issue negotiable bonds and provide for the rights of the holders thereof; (6) To...
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11-54-143
Section 11-54-143 Bonds issued to finance projects. All bonds issued by a municipality under
authority of this article shall be limited obligations of the municipality the principal of
and interest on which shall be payable solely out of the revenues derived from the leasing
of the project to finance which the bonds are issued. Bonds and interest coupons issued under
authority of this article shall never constitute an indebtedness of the municipality within
the meaning of any state constitutional provision or statutory limitation, and shall never
constitute nor give rise to a pecuniary liability of the municipality or a charge against
its general credit or taxing powers, and such fact shall be plainly stated in the face of
each such bond. Such bonds may be executed and delivered at any time and from time to time,
may be in such form and denominations, may be of such tenor, may be in registered or bearer
form either as to principal or interest or both, may be payable in such...
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