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16-16-11
Section 16-16-11 Pledge of revenues for payment of bonds. (a) For the purpose of providing
funds to enable the authority to pay at their respective maturities the principal of and interest
on any bonds issued by it under the provisions of this chapter and to accomplish the objects
of this chapter, there is hereby irrevocably pledged to such purpose and hereby appropriated
such amount of money as may be necessary for such purpose out of the residue of the receipts
from the excise tax known as the sales tax levied by Sections 40-23-1 through 40-23-38, after
there shall have been taken therefrom the amounts appropriated for other than educational
purposes in Section 40-23-35 (which said residue constitutes that portion of the receipts
from the said sales tax that is now required by law to be paid into the Education Trust Fund),
and after taking from the said residue amounts sufficient to meet all prior charges on the
said residue including: (1) Such amounts as may be necessary to pay the...
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16-60-94
Section 16-60-94 Revenues of authority. For the purpose of providing funds to enable the authority
to pay at their respective maturities the principal of and interest on all bonds issued by
it under the provisions of this article, and to accomplish the objects of its creation, there
is hereby irrevocably pledged to such purpose and hereby appropriated such amount of money
as may be necessary for said purpose out of the residue of the receipts from the privilege
or excise tax levied by Section 28-3-181, after there shall have been taken from said receipts
the amounts necessary to meet all prior charges thereon, including the amounts specified in
subdivisions (1) and (2) of subsection (c) of Section 28-3-181, said residue constituting
that portion of the receipts from the said tax that is now required by law to be paid into
the Education Trust Fund. The moneys hereby appropriated and pledged shall constitute a sinking
fund for the purpose of paying the principal of and the interest on...
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23-6-10
Section 23-6-10 Revenues of corporation. For the purpose of providing funds to enable the corporation
to pay the principal of, premium, if any, and interest on any bonds issued by it under the
provisions of this chapter, and to accomplish the purposes and objects of its creation, there
hereby are irrevocably pledged to such purpose and appropriated so much as may be necessary
for such purpose of the following: The State Department of Transportation's portion of the
four cent per gallon excise tax levied on gasoline, motor fuel, and lubricating oil under
the provisions of Title 40, Chapter 17, Article 6. All moneys hereby appropriated and pledged
shall constitute a sinking fund for the purpose of paying the principal of, premium, if any,
and the interest on bonds of the corporation. (Acts 1985, No. 85-549, p. 833, ยง10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-6-10.htm - 1K - Match Info - Similar pages
41-29-506
Section 41-29-506 Revenues of the authority. For the purpose of providing funds to enable the
authority to pay at their respective maturities the principal of and interest on any bonds
issued by it under the provisions of this article and to accomplish the objects of this article,
there are hereby irrevocably pledged to such purpose and there are hereby appropriated so
much as may be necessary for such purpose of: (a) the residue of the receipts from the tax
levied by Sections 40-25-2 and 40-25-41 after there shall have been taken therefrom the amount
necessary for the purposes specified in Section 40-25-23(1)b.1., as in existence prior to
the effective date of Act 91-635; and (b) any other revenues or receipts dedicated to the
payment of bonds of the authority, issued by it under the provisions of Act 91-635 or any
subsequent authorizing legislation. All moneys hereby appropriated and pledged shall constitute
a sinking fund for the purpose of paying the principal of and the interest...
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11-50A-17
Section 11-50A-17 Contracts for use of projects; purchase of electric power; payment of charges;
indemnity; enforcement of performance. (a) Any municipality, if authorized by resolution or
ordinance of its governing body, may contract with the authority for the payment of any rates,
tolls, fees, and other charges prescribed in this section and Section 11-50A-18 by the authority
for the output, capacity, use or service by the municipality of any projects or other resources
of the authority or any of its facilities or undertakings. The obligations to pay the amounts
contracted to be paid by the municipality to the authority under the contract or contracts
entered into pursuant to the provisions of this section shall be treated as expenses of operating
the electric distribution system of the municipality for the payment of which the revenues
of the municipality derived from the operation of its electric distribution system (together
with any other revenues that may be lawfully pledged...
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27-41-11
Section 27-41-11 Particular investments - Bonds, etc., of local public housing authorities.
An insurer may invest in bonds, debentures, or other evidences of indebtedness of local public
housing authorities existing under the laws of the United States or of any state if such obligations
are: (1) Secured by a pledge of annual contributions unconditionally payable under the annual
contributions contract between the Department of Housing and Urban Development and the local
agencies issuing the bonds; (2) Unconditionally guaranteed by the state, municipality, or
political subdivision creating the authority, if the tax supported obligations of such state,
municipality, or political subdivision so guaranteeing would be eligible for investment under
this chapter; or (3) Secured by payments to be made sufficient to pay principal and interest
on the bonds under an "assistance contract" between the local authority and the
state, municipality, or other political subdivision creating the...
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22-3A-16
Section 22-3A-16 Appropriation made; Debt Service Reserve Fund established. (a) For the purpose
of providing funds to enable the authority to pay on their respective due dates the principal
of and the interest and premium (if any) on any bonds issued by it under the provisions of
this chapter and to accomplish the objects of this chapter, there is hereby irrevocably pledged
to such purpose and there is hereby appropriated so much as may be necessary for such purpose
of the receipts from the incremental and additional excise taxes or fees levied on the disposal
of hazardous waste or hazardous substances by the provisions of (i) the act resulting from
the enactment of House Bill 310 introduced at the 1990 Regular Session of the Alabama Legislature
(whether such bill is enacted before or after this chapter) or (ii) any other statute, now
or hereafter enacted, which appropriates or pledges such a tax or fee for the payment of the
principal of and the interest and premium (if any) on bonds...
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45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other powers
now or hereafter granted by law, the authority shall have the following powers, together with
all powers incidental thereto or necessary to the discharge thereof in corporate form: (1)
To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by the Jackson
County Commission which are required by law to be deposited to the credit of the Jackson County
Water Authority. c. The revenues derived from any water, sewer, or garbage system or facility
of the authority. (2) To pledge for payment of any bonds issued...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36-252.06.htm - 13K - Match Info - Similar pages
11-100-4
Section 11-100-4 State assistance payments; application; procedures; determination of base
number of convention delegates; appropriations; quarterly requests; amount of payments. (a)
Any city, county, or entities or authorities thereof may apply to the State Director of Finance
for state assistance payments for any eligible facilities. The city, county, or entities or
authorities thereof shall file an initial application with the Director of Finance, which
shall be in writing and shall describe: (i) the eligible facilities; (ii) the need for said
facilities or the benefit therefrom; and (iii) the financing thereof, including the principal
and interest payments for the bonds. (b) The Director of Finance shall promptly review such
initial application and shall notify the applicant of any additional information that may
be necessary. (c) After reviewing the initial application and upon reasonable notice to the
applicant, the Director of Finance shall hold a public hearing on the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-100-4.htm - 7K - Match Info - Similar pages
40-17-371
Section 40-17-371 Cost of collection; distribution of tax proceeds. (a) The Alabama Department
of Revenue shall retain one-quarter of one percent (0.25%) of the tax proceeds, less any refunds,
from this additional excise tax on gasoline and diesel fuel for its cost of collection. The
department may adopt rules and such forms as may be necessary for the administration of the
excise tax provided for in this article. (b) Each month, prior to the remaining payments provided
in this article, up to $750,000 of the tax proceeds from the additional excise tax on gasoline
and up to $230,000 of the tax proceeds from the additional excise tax on diesel fuel shall
be distributed first to the Alabama Highway Finance Corporation for the payment of the principal
of and interest on bonds to be issued by it to finance improvements to the ship channel providing
access to the facilities of the Alabama State Docks, to the extent necessary for such purpose.
The amount distributed pursuant to this section...
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