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41-10-750
Section 41-10-750 Legislative Findings and Purpose. (a) The Legislature finds and declares
the following: (1) In recent years, withdrawals have been made from the Alabama Trust Fund
and the General Fund Rainy Day Account of the Alabama Trust Fund for current budgetary purposes.
The Constitution and laws of the State of Alabama require repayment of the withdrawals and
the Legislature recognizes the need to restore those funds to their prescribed levels. (2)
It is desirable and in the public interest to establish a public corporation of the State
of Alabama with the power to issue bonds for the purpose of making transfers to and deposits
in the Alabama Trust Fund and the General Fund Rainy Day Account of the Alabama Trust Fund,
to provide additional funds to the Alabama Medicaid Agency, and for paying the costs of transportation
projects, and to appropriate and pledge a portion of the revenues to be received by the state
from the settlement of certain claims against BP Exploration and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-750.htm - 2K - Match Info - Similar pages
45-41A-10.09
Section 45-41A-10.09 Boards of the authority. (a) All bonds issued by the authority shall be
payable solely out of the revenues and receipts derived from the leasing or sale by the board
of its projects or of any thereof as may be designated in the proceedings of the board under
which the bonds shall be authorized to be issued. (b)(1) The principal of and interest on
any bonds issued by the authority shall be secured by a pledge of the revenues and receipts
out of which the same may be payable and may be secured by a mortgage and deed of trust or
trust indenture conveying as security for such bonds all or any part of the property of the
authority from which the revenues or receipts so pledged may be derived. (2) The resolution
under which the bonds are authorized to be issued and any such mortgage and deed of trust
or trust indenture may contain any agreements and provisions respecting the operation, maintenance,
and insurance of the property covered by the mortgage and deed of trust...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-41A-10.09.htm - 5K - Match Info - Similar pages
11-54-181
Section 11-54-181 Refunding bonds. Any bonds issued by an authority may from time to time be
refunded by the issuance, by sale or exchange, of refunding bonds payable from the same or
different sources for the purpose of paying all or any part of the principal of the bonds
to be refunded, any redemption premium required to be paid as a condition to the redemption
prior to maturity of any such bonds that are to be so redeemed in connection with such refunding,
any accrued and unpaid interest on the bonds to be refunded, any interest to accrue on each
bond to be refunded to the date on which it is to be paid, whether at maturity or by redemption
prior to maturity, and the expenses incurred in connection with refunding; provided, that
unless duly called for redemption pursuant to provisions contained therein, the holders of
any such bonds then outstanding and proposed to be refunded shall not be compelled without
their consent to surrender their outstanding bonds for such refunding. Any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-181.htm - 2K - Match Info - Similar pages
11-54A-12
Section 11-54A-12 Refunding bonds. Any bonds issued by the authority may from time to time
be refunded by the issuance, by sale or exchange, of refunding bonds payable from the same
or different sources for the purpose of paying all or any part of the principal of the bonds
to be refunded, any redemption premium required to be paid as a condition to the redemption
prior to maturity of any such bonds that are to be so redeemed in connection with such refunding,
any accrued and unpaid interest on the bonds to be refunded, any interest to accrue on each
bond to be refunded to the date on which it is to be paid, whether at maturity or by redemption
prior to maturity, and the expenses incurred in connection with refunding; provided, that
unless duly called for redemption pursuant to provisions contained therein; the holders of
any such bonds then outstanding and proposed to be refunded shall not be compelled without
their consent to surrender their outstanding bonds for such refunding. Any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-12.htm - 2K - Match Info - Similar pages
11-81-166
Section 11-81-166 Revenue bonds - Authority for issuance; authorization proceedings generally;
form, terms, denominations, etc.; execution and delivery generally; maturity and sale; payment
generally; trust indentures. (a) Any borrower may issue its revenue bonds for the purpose
of: (1) Financing the acquisition, improvement, enlargement, extension and repair, or any
of them, of a system or systems; (2) Refunding the principal of and the interest on any bonds
of such borrower theretofore issued under this article and then outstanding, whether or not
such principal and interest shall have matured at the time of such refunding; or (3) Financing
any such acquisition, improvement, enlargement, extension and repair, or any of them, and
refunding any such principal and interest. (b) Any bonds issued under this article shall be
made payable solely out of the revenues from the operation of a system or systems of the borrower
and may be made payable from any such revenues without regard to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-166.htm - 5K - Match Info - Similar pages
11-89A-12
Section 11-89A-12 Refunding bonds. Any bonds issued or assumed by an authority may from time
to time be refunded by the issuance, by sale or exchange, of refunding bonds payable from
the same or different sources for the purpose of paying all or any part of the principal of
the bonds to be refunded, any redemption premium required to be paid as a condition to the
redemption prior to maturity of any such bonds that are to be so redeemed in connection with
such refunding, any accrued and unpaid interest on the bonds to be refunded, any interest
to accrue on each bond to be refunded to the date on which it is to be paid, whether at maturity
or by redemption prior to maturity, and the expenses incurred in connection with such refunding;
provided, that unless duly called for redemption pursuant to provisions contained therein,
the holders of any such bonds then outstanding and proposed to be refunded shall not be compelled
without their consent to surrender their outstanding bonds for such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-12.htm - 2K - Match Info - Similar pages
11-99-8
Section 11-99-8 Financing of project costs. (a) Payment of project costs may be made by any
of the following methods or any combination thereof: (1) Payment from the tax increment fund
of the tax increment district if the purpose of the payment is one provided for in Section
11-99-6 hereof; (2) Payment out of the general funds of the public entity, such payments being
used either directly by the public entity to pay such costs or used by a third party recipient
of such funds to pay such costs if within a Major 21st Century Manufacturing Zone; (3) Payment
out of the proceeds of the sale of warrants, bonds or notes (whether public improvement bonds
or notes, mortgage bonds, notes or certificates, revenue bonds or notes, or otherwise) issued
by the public entity, such payments being used either directly by the public entity to pay
such costs or used by a third party recipient of such funds to pay such costs if within a
Major 21st Century Manufacturing Zone; (4) Payment out of the proceeds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-99-8.htm - 4K - Match Info - Similar pages
16-17A-12
Section 16-17A-12 Obligations of authority. (a) All agreements and covenants undertaken, and
all indebtedness issued, by an authority shall be solely and exclusively an obligation of
the authority and, except as otherwise provided in a written agreement in accordance with
Section 16-17A-17, shall not create an obligation or debt of the state, any university, or
any other governmental entity or public corporation within the meaning of any constitutional
or statutory provision. (b) Neither the directors nor any officer of an authority executing
indebtedness issued pursuant to this chapter shall be personally liable for such indebtedness
by reason of the execution or issuance thereof. (c) The state and the sponsoring university
do hereby pledge to and agree with the holders of any indebtedness issued under this chapter
that neither the state nor the sponsoring university will limit or alter the rights hereby
vested in the authority to fulfill the terms of any indebtedness or related...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-17A-12.htm - 1K - Match Info - Similar pages
16-65-9
Section 16-65-9 Refunding bonds. Any bonds issued by the authority may from time to time be
refunded by the issuance, by sale or exchange, of refunding bonds or obligations payable from
the same or different sources for the purpose of paying all or any part of the principal of
the bonds to be refunded, any redemption premium required to be paid as a condition to the
redemption prior to maturity of any such bonds that are to be so redeemed in connection with
such refunding, any accrued and unpaid interest on the bonds to be refunded, any interest
to accrue on each revenue bond to be refunded to the date on which it is to be paid, whether
at maturity or by redemption prior to maturity, and the expenses incurred in connection with
the refunding; provided, that unless duly called for redemption pursuant to provisions contained
therein, the holders of any such bonds then outstanding and proposed to be refunded shall
not be compelled without their consent to surrender their outstanding bonds...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-65-9.htm - 2K - Match Info - Similar pages
24-1A-8
Section 24-1A-8 Refunding bonds. (a) Any bonds issued by the authority may from time to time
be refunded by the issuance, by sale or exchange, of refunding bonds payable from the same
or different sources for the purpose of paying: (1) All or any part of the principal of the
bonds to be refunded; (2) Any redemption premium required to be paid as a condition to the
redemption prior to maturity of any such bonds that are to be so redeemed in connection with
such refunding; (3) Any accrued and unpaid interest on the bonds to be refunded; (4) Any interest
to accrue on each bond to be refunded to the date on which it is to be paid, whether at maturity
or by redemption prior to maturity; and (5) The expenses incurred in connection with the refunding;
provided, however, that unless duly called for redemption pursuant to provisions contained
therein, the holders of any such bonds then outstanding and proposed to be refunded shall
not be compelled without their consent to surrender their...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-8.htm - 2K - Match Info - Similar pages
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