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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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4-3-18
Section 4-3-18 Use 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 cost of acquiring, constructing,
improving, enlarging and equipping the airport, facilities or 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 cost shall be deemed to include the following: the cost of any land forming
a part of such airport, facilities or 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 the airport, facilities or property; the cost
of landscaping the lands forming a part of such airport, facilities or property and of constructing
and installing roads, sidewalks, curbs, gutters, utilities and...
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4-3-55
Section 4-3-55 Bonds - Disposition of proceeds from sale. 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 airport, facilities or 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 cost shall be deemed to include the following: the cost
of any land forming a part of such airport, facilities or 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 the airport, facilities or
property; the cost of landscaping the lands forming a part of such airport, facilities or
property and of constructing and installing roads, sidewalks, curbs, gutters,...
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40-17-361
Section 40-17-361 Disposition of diesel proceeds. (a) The proceeds of the thirteen cents
($.13) diesel excise tax imposed by this article, when collected, shall be applied as follows:
(1) For payment of the costs of collection thereof, being the amount appropriated for each
fiscal year by the Legislature to the department for the administration of this article. (2)
For payment of the principal of and interest on bonds issued after October 1, 1969, and prior
to December 1, 1977, by the Alabama Highway Authority, a public corporation and instrumentality
of the state, all in the manner and to the extent and subject to the priorities as to rank
as are provided in the respective statutes under which the bonds were issued. (3) For payment
of the principal of and interest on bonds and other obligations, including refunding obligations,
issued after December 1, 1977, by a public corporation existing at the time of issuance under
the laws of Alabama pursuant to then existing statutory or...
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45-46-90.11
Section 45-46-90.11 Proceeds from the sale of bonds. All moneys derived from the sale
of any bonds issued by the authority shall be used solely for the purpose or purposes for
which the same are authorized and any costs and expenses incidental thereto; provided, however,
site preparation grants for industrial development shall not be included as a part of such
costs and expenses. Such costs and expenses may include, but shall not be limited to, all
of the following: (1) The fiscal, engineering, legal, and other expenses incurred in connection
with the issuance of the bonds. (2) In the case of bonds issued to pay costs of acquiring
or constructing all or any part of any facility, interest on such bonds (or if a part only
of any series of bonds is issued for acquisition or construction purposes, interest on that
portion of the bonds of the series that is issued to pay such acquisition or construction
costs) prior to and during such acquisition or construction and for not exceeding one...
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11-50A-1
Section 11-50A-1 Definitions. As used in this chapter, the following words shall have
the following meanings unless the context clearly indicates otherwise: (1) AUTHORITY. Alabama
Municipal Electric Authority created pursuant to this chapter and any successor or successors
thereto. (2) BOARD. The board of directors of the authority. (3) BONDS. Any bonds issued by
the authority under the provisions of this chapter, including refunding bonds. (4) BOND ANTICIPATION
NOTES. Short term obligations issued by the authority in anticipation of the issuance of bonds.
(5) COSTS. All costs of acquisition, construction, reconstruction, improvement, equipment,
alteration, repair, or extension of any project; all costs of real and personal property required
for the purposes of any project, including any rights or undivided interest therein; all costs
of easements, franchises, water rights, fees, permits, approvals, licenses, and certificates,
and all costs of securing any permits, approvals, licenses,...
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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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11-88-11
Section 11-88-11 Bonds of authority - Disposition of proceeds from sale of bonds. All
moneys derived from the sale of any bonds issued by the authority shall be used solely for
the purpose or purposes for which the same are authorized, including the funding of all or
part of any reserve funds which may be required for debt service, replacement and extension
or capital improvements, and any costs and expenses incidental thereto. Such costs and expenses
may include but shall not be limited to: (1) The fiscal, engineering, legal and other expenses
incurred in connection with the issuance of and security for the bonds, including, without
limitation, the charges, premiums or fees in connection with any debt service insurance or
letter of credit or other additional security given with respect to its bonds, whether such
amounts are to be paid in a lump sum or over a period of time; (2) Interest on bonds in the
case of bonds issued to pay costs of construction or, if a part only of any series...
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11-92C-9
Section 11-92C-9 Bonds of authority. (a) Source of payment. All bonds issued by an authority
shall be payable solely out of the revenues and receipts derived from the leasing or sale
by the board of its projects, or from any other source as may be designated in the proceedings
of the board under which the bonds are authorized to be issued. (b) Pledge of revenues, receipts,
and other security. The principal and interest on any bonds issued by an authority shall be
secured by a pledge of the revenues and receipts out of which the principal and interest may
be payable and may be secured by a mortgage and deed of trust or trust indenture conveying
as security for the bonds all or any part of the property of the authority from which the
revenues or receipts so pledged may be derived. (c) Resolutions. The resolution under which
the bonds of an authority are authorized to be issued and any mortgage and deed of trust or
trust indenture may contain any agreements and provisions respecting the...
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14-2-8
Section 14-2-8 Powers - Generally. 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 and until it shall have
been dissolved as provided in this chapter; (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 thereof; (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 and hold title to real and personal
property and to sell, convey, mortgage, or lease the same as provided in this chapter; (6)
To provide for the acquisition, construction, reconstruction, alteration, and improvement
of facilities and for the procurement of sites and equipment for such facilities and for the
lease thereof; (7) To lease facilities to the state, the department,...
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