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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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45-37A-56.36
Section 45-37A-56.36 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 parking 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 facilities; 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 facilities; the cost of landscaping the lands forming a part of such facilities
and of constructing and installing roads, sidewalks, curbs, gutters, and utilities in connection
with the facilities; legal, fiscal, and...
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11-20-7
Section 11-20-7 Bonds - Disposition of proceeds from sale. The proceeds from the sale of any
bonds issued under authority of this article shall be applied only for the purpose for which
the bonds were issued; provided, however, that any accrued interest and premium received in
any such sale shall be applied to the payment of the principal of or the interest on the bonds
sold; and provided further, that if for any reason any portion of such proceeds shall not
be needed for the purpose for which the bonds were issued, then such unneeded portion of said
proceeds shall be applied to the payment of the principal of or the interest on said bonds.
The cost of acquiring any project shall be deemed to include the following: the actual cost
of the construction of any part of a project which may be constructed, including architect's
and engineer's fees; the purchase price of any part of a project that may be acquired by purchase;
all expenses in connection with the authorization, sale and...
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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
11-54-26
Section 11-54-26 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale
of any bonds issued under authority of this article shall be applied only for the purpose
for which the bonds were issued; provided, however, that any accrued interest and premium
received in any such sale shall be applied to the payment of the principal of or the interest
on the bonds sold; provided further, that if for any reason any portion of such proceeds shall
not be needed for the purpose for which the bonds were issued, then such unneeded portion
of said proceeds shall be applied to the payment of the principal of or the interest on said
bonds. (b) The cost of acquiring any project, which shall be paid from the proceeds derived
from the sale of bonds, shall be deemed to include the following: (1) The actual cost of the
construction of any part of a project which may be constructed, including architect's and
engineer's fees; (2) The purchase price of any part of a project that may be...
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11-55-5
Section 11-55-5 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale of
any bonds issued under authority of this chapter shall be applied only for the purpose for
which the bonds were issued; provided, however, that any accrued interest and premium received
in any such sale shall be applied to the payment of the principal of or the interest on the
bonds sold; provided further, that if for any reason any portion of such proceeds shall not
be needed for the purpose for which the bonds were issued, then such unneeded portion of said
proceeds shall be applied to the payment of the principal of or the interest on said bonds.
(b) The cost of acquiring any project, which shall be paid from the proceeds derived from
the sale of bonds, shall be deemed to include the following: (1) The actual cost of the construction
of any part of a project which may be constructed, including architect's and engineer's fees;
(2) The purchase price of any part of a project that may be...
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11-20-3
Section 11-20-3 Powers of counties as to acquisition, leasing, etc., of projects generally.
(a) In addition to any other powers which it may now have, each county shall have the following
powers: (1) To acquire, whether by construction, purchase, gift or lease, one or more projects
which shall be located within this state; (2) To lease to others (in the case of counties
having populations according to the most recent federal decennial census of not less than
54,500 nor more than 56,000, the word others shall include the federal government, any of
its departments and agencies) any or all of its projects for such rentals and upon such terms
and conditions as the governing body may deem advisable and as shall not conflict with the
provisions of this article; and (3) To issue revenue bonds for the purpose of defraying the
cost of acquiring, by construction and purchase, or either, any project and to secure the
payment of such bonds, all as provided in this article. (b) No county shall have...
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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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41-10-44.2
Section 41-10-44.2 Additional definitions. In addition to the definitions contained in Sections
41-10-20 and 41-10-36, the following terms shall have the following meanings, respectively,
when used in this Article 2A unless the context clearly requires otherwise: (1) APPROVED COMPANY.
Any corporation, partnership, trust or other form of business entity approved by the authority
pursuant to the provisions hereof. (2) FINANCING AGREEMENT. Any loan, agreement, financing
agreement, credit agreement, security agreement, mortgage, guaranty agreement or other type
of agreement entered into by the authority and an approved company in connection with the
financing of a project by the authority. (3) INDUSTRIAL or RESEARCH ENTERPRISE. Any trade
or business described in 1987 Standard Industrial Classification Major Group 07, Major Groups
20 through 39, inclusive, 50 and 51, Industrial Group Number 737, and Industry Numbers 8731,
8733 and 8734, as set forth in the Standard Industrial Classification...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-44.2.htm - 4K - Match Info - Similar pages
45-17-242.06
Section 45-17-242.06 Disposition of funds for hospital purposes. The proceeds of the tax authorized
by this part, if imposed, less the cost of collection as provided herein, shall be paid into
the county treasury, and all revenues arising therefrom shall be appropriated by the county
governing body for the use of any public corporation which may be organized in the county
for the purpose of acquiring, constructing, equipping, enlarging, improving, operating, and
maintaining a hospital in the county. Such public corporation may pledge any portion of such
revenues as security for the payment of the principal of and the interest on any bonds, securities,
or other notes or evidences of indebtedness heretofore, or which hereafter may be, issued
by such corporation for the purpose of acquiring, constructing, equipping, enlarging, and
improving a hospital in the county; and any portion of the proceeds of the tax not so pledged
shall be used for the support, maintenance, and operation of such...
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