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11-88-104
Section 11-88-104 Consolidation of outstanding bond issues for refunding; disposition of assessments
collected for improvements financed by said outstanding issues generally. In exercising the
powers conferred by Sections 11-88-102 and 11-88-103, it shall not be necessary to make a
separate issue of refunding bonds with respect to each outstanding issue, but two or more
of such outstanding issues or portions thereof may be grouped together in a single refunding
issue, in which event all assessments thereafter collected with respect to any of the improvements
financed by the separate issues or the proper proportionate part thereof shall be applicable
to the payment of such refunding bonds. (Acts 1973, No. 826, p. 1293, §64.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-104.htm - 1K - Match Info - Similar pages
11-81-121
Section 11-81-121 Consolidation of separate outstanding issues for issuance of refunding bonds.
In exercising the powers conferred by Sections 11-81-119 and 11-81-120, it shall not be necessary
to make a separate issue of refunding bonds with respect to each outstanding issue, but two
or more of such outstanding issues or portions thereof may be grouped together in a single
refunding issue, in which event all assessments thereafter collected with respect to any of
the improvements financed by the separate issues or the proper proportionate part thereof
shall be applicable to the payment of such refunding bonds. (Acts 1935, No. 296, p. 719; Code
1940, T. 37, §297.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-121.htm - 981 bytes - Match Info - Similar pages
11-81-122
Section 11-81-122 Maintenance and disposition of sinking fund accounts for refunding bond issues.
A separate sinking fund account shall be provided and kept for each refunding bond issue authorized
under the provisions of Sections 11-81-119 through 11-81-121 to which shall be credited all
collections made on assessments levied with respect to the improvements financed by the original
issues of bonds or the proper proportionate part thereof, and such sinking fund shall be used
only for the purpose of paying interest and principal on such bonds in that particular group
or series as they mature. (Acts 1935, No. 296, p. 719; Code 1940, T. 37, §298.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-122.htm - 962 bytes - Match Info - Similar pages
11-88-105
Section 11-88-105 Separate sinking fund accounts to be maintained for refunding bond issues;
disposition of same. A separate sinking fund account shall be provided and kept for each refunding
bond issue authorized under the provisions of Sections 11-88-102, 11-88-103, and 11-88-104
to which shall be credited all collections made on assessments levied with respect to the
improvements financed by the original issues of bonds or the proper proportionate part thereof,
and such sinking fund shall be used only for the purpose of paying interest and principal
on such bonds in that particular group or series as they mature. (Acts 1973, No. 826, p. 1293,
§65.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-105.htm - 967 bytes - Match Info - Similar pages
11-88-106
Section 11-88-106 Maintenance of sinking fund accounts by official charged with duty of collecting
assessments; institution of mandamus proceedings against officer failing to maintain separate
sinking fund accounts, pay bonds or interest thereon, etc. The official charged with the duty
of collecting assessments shall keep all sinking funds in some bank or banks paying interest
on time deposits to be designated by the board, and shall provide and keep a separate sinking
fund account for each bond issued. If the said officer shall fail to provide and keep the
said separate sinking fund account for each such bond issue in the said bank or banks or shall
divert any of such funds to other uses or shall fail to pay any bond or bonds or the interest
thereon properly payable from the said funds when available, any user of the improvements
financed thereby or any holder of bonds of the series affected by such diversion or failure
shall have the right to apply to any court of competent...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-106.htm - 1K - Match Info - Similar pages
11-99A-41
Section 11-99A-41 Use of improvements by persons not assessed. (a) For use of improvements
constructed, acquired, or installed by the district with proceeds of assessments, the board
may require the payment of a connection, tap fee, or increased tap fee by persons owning property
not assessed to pay for improvements, even though the utilities may be provided by some public
person or utility other than the board. The tap fee shall be reasonable and may not exceed
150 percent of the assessment that otherwise would have been paid by the person. (b) If the
owner of any property that fronts on any street built with proceeds of an assessment, whether
or not within the district, wishes to connect a driveway or street or otherwise to have access
to the street, the owner shall obtain consent of the board to connect to the street, to any
cut in the curb, to the establishment of any cut in the median, if any, and otherwise to ingress
and egress on the street. The board shall exercise its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99A-41.htm - 2K - Match Info - Similar pages
11-22-9
Section 11-22-9 Bond issues - Funds for payment; execution; form; redemption; sale; refunding;
negotiable instruments. (a) All bonds issued by the corporation shall be payable solely out
of the revenues and receipts derived from the operation, leasing or sale by the corporation
of its projects or of any thereof as may be designated in the proceedings of the board of
directors under which the bonds shall be authorized to be issued. (b) Such bonds may be executed
and delivered by the corporation at any time and from time to time, may be in such form and
denominations and of such tenor and maturities, may be in registered or bearer form either
as to principal or interest or both, may be payable at such time or times not exceeding 40
years from the date thereof, may be payable at such place or places whether within or without
the State of Alabama, may bear interest at such rate or rates payable at such time or times
and at such place or places and evidenced in such manner, may be executed...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-22-9.htm - 4K - Match Info - Similar pages
40-2B-2
Section 40-2B-2 Alabama Tax Tribunal. (a) Statement of Purpose. To increase public confidence
in the fairness of the state tax system, the state shall provide an independent agency with
tax expertise to resolve disputes between the Department of Revenue and taxpayers, prior to
requiring the payment of the amounts in issue or the posting of a bond, but after the taxpayer
has had a full opportunity to attempt settlement with the Department of Revenue based, among
other things, on the hazards of litigation. By establishing an independent Alabama Tax Tribunal
within the executive branch of government, this chapter provides taxpayers with a means of
resolving controversies that insures both the appearance and the reality of due process and
fundamental fairness. The tax tribunal shall provide hearings in all tax matters, except those
specified by statute, and render decisions and orders relating thereto. A tax tribunal hearing
shall be commenced by the filing of a notice of appeal protesting...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-2B-2.htm - 39K - Match Info - Similar pages
11-81-114
Section 11-81-114 Maintenance and disposition of sinking fund account for bond issues; enforcement
of maintenance of accounts, payment of bonds, etc.; disposition of assessments securing bonds
in certain cities. (a) The official charged with the duty of collecting assessments shall
keep all sinking funds in some bank or banks paying interest on time deposits to be designated
by the governing body of said municipality and shall provide and keep a separate sinking fund
account for each bond issue. If said officer shall fail to provide and keep said separate
sinking fund account for each such bond issue in said bank or banks or shall divert any of
such funds to other uses or shall fail to pay any bond or bonds or the interest thereon properly
payable from said funds when available, any taxpayer of the issuing municipality or any holder
of bonds of the series affected by such diversion or failure, whether of bonds heretofore
issued or to be hereafter issued, shall have the right to apply...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-114.htm - 2K - Match Info - Similar pages
11-99A-19
Section 11-99A-19 Excess funds. Following the completion of the acquisition, construction,
or installation of the improvements, if there are excess funds, either from bond proceeds
or from assessments, after fully funding all reserves, contingency funds, or the like, the
excess funds, either from bond proceeds or from assessments, shall be used to prepay the bonds
at the earliest date on which the bonds may be prepaid or redeemed at a penalty or premium
of two percent or less, and the amount of the outstanding assessments may be proportionately
reduced to reflect prepayment of principal. Upon payment of the bonds in full, other than
by refunding, all unpaid assessments may be terminated and cancelled or may be continued,
as determined by the board. Any proceeds of assessments remaining or received after payment
of the bonds in full shall be disposed of or used to construct, install, or acquire additional
improvements, to refund assessments in a manner determined equitable by the board,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99A-19.htm - 1K - Match Info - Similar pages
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