11-89-11
Section 11-89-11 Bonds of district - Disposition of proceeds from sale of bonds. All
moneys derived from the sale of any bonds issued by the district shall be used solely for
the purpose or purposes for which the same are authorized 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 the bonds;
(2) Interest on the bonds in the case of bonds issued to pay costs of construction or, if
a part only of any series of bonds is issued for construction purposes, interest on that portion
of the bonds of that series that is issued to pay construction costs prior to and during such
construction and for not exceeding one year after completion of such construction; and (3)
Any premium that it may be necessary to pay in order to redeem or retire the bonds or other
obligations to be refunded in the case of bonds issued for the purpose of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89-11.htm - 1K - Match Info - Similar pages

11-92C-10
Section 11-92C-10 Proceeds from the sale of bonds. All moneys derived from the sale
of any bonds issued by an authority shall be used solely for the purpose or purposes for which
the same are authorized, including, but not limited to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal, premium, as applicable, and interest
on the bonds, and any costs and expenses incidental thereto. The costs and expenses may include,
but shall not be limited to the following: (1) The underwriting, fiscal, engineering, legal,
and other expenses incurred in connection with the issuance of the bonds. (2) Except in the
case of refunding bonds, interest to accrue on the bonds for a period ending not later than
two years from their date. (Act 2020-72, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-10.htm - 1K - Match Info - Similar pages

11-94-13
Section 11-94-13 Bonds of authority - Application of proceeds. The proceeds derived
from the sale of any bonds shall be applied as provided in the proceedings in which the bonds
are authorized to be issued, including without limitation, the payment of all legal, fiscal
and recording fees and expenses incurred in connection with the authorization, sale and issuance
of the bonds and if so provided in the proceedings authorizing their issuance, interest on
said bonds (or, if a part only of any issue of bonds is issued for acquisition purposes, interest
on that portion of the bonds of that issue that is issued to pay acquisition costs) for a
reasonable period prior to and during the time required for the acquisition, construction
and equipping of the project and for a period not exceeding 18 months after the completion
thereof. An authority may provide in the proceedings authorizing the issuance of bonds for
the capitalization of a debt service reserve and/or a replacement and extension...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-94-13.htm - 1K - Match Info - Similar pages

11-95-9
Section 11-95-9 Bonds of corporation - Proceeds from sale. All moneys derived from the
sale of any bonds issued by a corporation shall be used solely for the purpose or purposes
for which the same are authorized, including, but without limitation to, the establishment
of reserve funds as security for the payment of the principal of (and premium, if any) and
interest on such bonds and funds for the maintenance, repair, replacement, improvement and
enlargement of any of its hospital facilities or other properties, and any costs and expenses
incidental thereto. Such costs and expenses may include but shall not be limited to the fiscal,
consulting, legal and other expenses incurred in connection with the issuance of the bonds,
and interest to accrue on such bonds for a period ending not later than three years from their
date. (Acts 1981, No. 81-338, p. 480, §9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-95-9.htm - 1K - Match Info - Similar pages

16-16A-9
Section 16-16A-9 Disposition of funds. (a) The proceeds derived from each sale of the
Bonds issued pursuant to this chapter shall be deposited in the State Treasury and shall be
carried in a separate fund therein for the account of the Authority, which shall pay the expenses
of issuance therefrom. The expenses of issuance of the Bonds shall be prorated among the recipients
of the proceeds from the sale of the Bonds in proportions they receive allocations of the
proceeds thereunder. The proceeds from the sale of the Bonds remaining after payment of the
expenses of issuance thereof shall be retained in said fund and, until they are paid out,
shall be invested by the State Treasurer at the direction of the Authority in Permitted Investments
maturing at such time or times as the Authority shall direct. (b) Proceeds from the sale of
the Bonds and the earnings thereon shall be paid out from time to time on orders or warrants
issued by or at the direction of the Authority for any one or more...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16A-9.htm - 1K - Match Info - Similar pages

45-41A-10.10
Section 45-41A-10.10 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, but without limitation to, the use of bond proceeds to
establish reserve funds as security for the payment of the principal of (and premium, if any)
and interest on the bonds, and any costs and expenses incidental thereto. Such costs and expense
may include, but shall not be limited to, the fiscal, engineering, legal, and other expenses
incurred in connection with the issuance of the bonds, and except in the case of refunding
bonds, interest to accrue on such bonds for a period ending not later than two years from
their date. (Act 85-185, p. 40, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-10.10.htm - 1K - Match Info - Similar pages

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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-11.htm - 1K - Match Info - Similar pages

41-10-593
Section 41-10-593 Use of bond proceeds. The proceeds derived from the sale of bonds
issued by the authority to finance Y2K expenditures shall be deposited in the State Treasury
and shall be carried in a separate fund therein for the account of the authority, which shall
pay therefrom the expenses of issuance thereof. The proceeds from the sale of bonds remaining
after payment of the expenses of issuance thereof shall be retained in the fund and, until
they are paid out, shall be invested by the State Treasurer at the direction of the authority
in eligible investments which mature at such time or times as the state Finance Director shall
direct. Monies in the fund, whether original proceeds from the sale of bonds or the proceeds
of or earnings on the eligible investments, shall be paid out from time to time for the purposes
of this division in orders or warrants issued by or on the direction of the state Finance
Director. After the Finance Director has certified to the State Treasurer...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-593.htm - 1K - Match Info - Similar pages

45-23A-91.10
Section 45-23A-91.10 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, including, but without limitation to, the use of bond proceeds
to establish reserve funds as security for the payment of the principal of, and premium, if
any, and interest on the bonds, and any costs and expenses incidental thereto. Such costs
and expenses may include but shall not be limited to the fiscal, engineering, legal, and other
expenses incurred in connection with the issuance of the bonds, and except in the case of
refunding bonds, interest to accrue on such bonds for a period ending not later than two years
from their date. (Act 84-395, p. 904, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-23A-91.10.htm - 1K - Match Info - Similar pages

45-27A-31.10
Section 45-27A-31.10 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, including, but without limitation to, the use of bond proceeds
to establish reserve funds as security for the payment of the principal of, and premium, if
any, and interest on the bonds, 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 the bonds, and (2) except in the
case of refunding bonds, interest to accrue on such bonds for a period ending not later than
two years from their date. (Act 82-740, p. 196, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-27A-31.10.htm - 1K - Match Info - Similar pages