41-10-654
Section 41-10-654 Bonds of the authority. (a) General authorization to issue bonds. The authority
is authorized from time to time to sell and issue the bonds in one or more series in an aggregate
principal amount of up to fifty million dollars ($50,000,000) in order to provide the funds
to pay project costs, ancillary costs, and training costs. (b) Source of payment. The bonds
authorized herein shall be solely and exclusively an obligation of the authority and shall
not create an obligation or debt of the state. Such bonds shall not be general obligations
of the authority but shall be payable solely from the pledged revenues. (c) Security for the
bonds. The principal of and interest on the bonds shall be secured by a pledge of the pledged
revenues and, if necessary and desirable in the authority's sole discretion, a mortgage on
any part of the project. The resolution under which the bonds are authorized by the authority
to be issued and any trust indenture or mortgage may contain any...
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33-2-131
Section 33-2-131 Refunding bonds and investments. The state may at any time, and from time
to time, issue refunding bonds for the purpose of refunding the principal of and the interest
on any unmatured bonds of the state then outstanding which were theretofore issued under any
one or more of this article, or the 1957 Docks Act, the 1959 Docks Act, the 1961 Docks Act,
or the 1963 Docks Act. The proceeds from the sale of such refunding bonds shall be paid to
the State Treasurer and disbursed on order or resolution of the department solely to refund
and retire those bonds for the refunding of which such refunding bonds are authorized to be
issued, and to pay the expenses incurred in such refunding; provided, that pending the time
such refunding can be consummated, such proceeds may be invested as herein authorized. All
provisions of this article pertaining to bonds issued under this article that are not inconsistent
with the provisions of this section shall, to the extent applicable, also...
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33-2-161
Section 33-2-161 Refunding bonds and investments. The state may at any time, and from time
to time, issue refunding bonds for the purpose of refunding the principal of and the interest
on any unmatured bonds of the state then outstanding which were theretofore issued under any
one or more of this article, or the 1957 Docks Act, the 1959 Docks Act, the 1961 Docks Act,
the 1963 Docks Act, or the 1967 Docks Act. The proceeds from the sale of such refunding bonds
shall be paid to the State Treasurer and disbursed on order or resolution of the department
solely to refund and retire those bonds for the refunding of which such refunding bonds are
authorized to be issued, and to pay the expenses incurred in such refunding; provided, that
pending the time such refunding can be consummated such proceeds may be invested as herein
authorized. All provisions of this article pertaining to bonds issued under this article that
are not inconsistent with the provisions of this section shall, to the...
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41-10-674
Section 41-10-674 Authorization to issue bonds. (a) General. The authority is authorized from
time to time to sell and issue the bonds in one or more series in an aggregate principal amount
of up to one hundred three million seven hundred sixty thousand dollars ($103,760,000) in
order to provide the funds to pay project costs, ancillary costs and training costs. In addition,
proceeds of the bonds in an amount up to four million six hundred fifty-five thousand dollars
($4,655,000) shall be used to pay the cost of reconstructing and improving the flood levee
located in Elba, Alabama and proceeds in an amount up to five million eight hundred ten thousand
dollars ($5,810,000) shall be used to pay the cost of reconstructing and improving the flood
levee located in Geneva, Alabama. Of the proceeds of the bonds an amount up to seven hundred
sixty thousand dollars ($760,000) shall be allocated for the acquisition of high technology
and audio-visual equipment for an advanced aerospace training...
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41-10-676
Section 41-10-676 Use of bond proceeds. (a) The proceeds derived from the sale of the bonds
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the authority. The proceeds from the sale of the bonds remaining after payment
of the expenses of issuance thereof shall be retained in such fund and, until they are paid
out, shall be invested by the State Treasurer at the direction of the authority, in investments
that constitute permitted investments, as defined in the Enabling Act. Monies in such fund,
whether original proceeds from the sale of the bonds or earnings on such proceeds, shall be
paid out from time to time in orders or warrants issued by or on the direction of the authority
for any one or more of the purposes specified in Section 41-10-674 that may be deemed by the
authority to be necessary to comply with any and all commitments made by the state to any
company. (b) Notwithstanding subsection (a), the authority may use...
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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...
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16-16B-9
Section 16-16B-9 (Implementation Conditioned on Separate Legislative Enactment.) Use of bond
proceeds. (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...
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16-65-6
Section 16-65-6 Bonds generally. (a) Issuance of bonds. The authority is authorized and empowered
to issue its bonds from time to time for the purpose of making equipment loans to finance
equipment costs incurred or to be incurred by educational institutions. Such bonds may be
in such aggregate principal amount as the board of directors shall determine to be necessary
to pay the equipment costs included in such financing. The authority may pay from the proceeds
of the sale of its bonds all expenses, including publication and printing charges, attorneys'
fees, financial advisory fees, and other expenses which the board of directors may deem necessary
or advantageous in connection with the authorization, advertisement, sale, execution, and
issuance of its bonds or the making of equipment loans from the proceeds thereof. (b) Source
of payment. All bonds issued by the authority shall be limited obligations of the authority
payable solely from any combination of the following: (1) The...
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41-10-506
Section 41-10-506 Disposition of proceeds of bonds. (a) All proceeds derived from the sale
of any bonds, except refunding bonds, sold by the authority, remaining after payment of the
expenses of issuance thereof, shall be turned over to the State Treasurer, shall be carried
by him in a special account to the credit of the authority, and shall be subject to be drawn
on by the authority solely for the purposes of: (1) Acquiring land for and constructing, reconstructing
and equipping thereon one or more facilities; (2) Paying all reasonable and necessary expenses
incidental thereto, including filing, recording, surveying, legal and engineering fees and
expenses; (3) Paying the interest which will accrue on the said bonds during the period required
for the construction and equipment of the said facilities and for a period not exceeding six
months after the completion thereof; and (4) Paying the principal of and interest on all then
outstanding notes theretofore issued by the authority...
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11-54-143
Section 11-54-143 Bonds issued to finance projects. All bonds issued by a municipality under
authority of this article shall be limited obligations of the municipality the principal of
and interest on which shall be payable solely out of the revenues derived from the leasing
of the project to finance which the bonds are issued. Bonds and interest coupons issued under
authority of this article shall never constitute an indebtedness of the municipality within
the meaning of any state constitutional provision or statutory limitation, and shall never
constitute nor give rise to a pecuniary liability of the municipality or a charge against
its general credit or taxing powers, and such fact shall be plainly stated in the face of
each such bond. Such bonds may be executed and delivered at any time and from time to time,
may be in such form and denominations, may be of such tenor, may be in registered or bearer
form either as to principal or interest or both, may be payable in such...
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