16-3-28
Section 16-3-28 Authority of board and trustees of institutions to borrow from federal agencies
or others; issuance of bonds, notes and other securities. (a) The State Board of Education,
acting for the respective educational institutions under its supervision, and each public
corporation that conducts one or more state educational institutions under its supervision,
acting through its board of trustees or other governing body, are hereby separately authorized
to exercise and perform any or all of the following powers: (1) To borrow money from the United
States of America or any department or agency thereof, or from any person, firm, corporation
or other lending agency for the purchase, construction, enlargement or alteration of any buildings
or other improvements, including dormitories, dining halls, classrooms, laboratories, libraries,
stadiums, administration buildings and any other buildings and appurtenances thereto suitable
for use by the institution with respect to which the...
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2-6-78
Section 2-6-78 Disposition of proceeds from sale of securities. All proceeds derived from the
sale of any securities of the corporation, other than refunding securities, shall be deposited
in the State Treasury and carried in a special account or accounts, and may be withdrawn solely
for the purposes and in the amounts set out below: (1) No more than 60 percent of the said
proceeds shall be used for the acquisition, construction and installation of a market facility
by the Board of Agriculture and Industries. Withdrawals for such purpose shall be upon requisition
by or pursuant to authority of the Board of Agriculture and Industries addressed and presented
to the State Comptroller and paid out by the warrant of the Comptroller upon the State Treasury,
to be used only to pay the following: a. The cost of materials, supplies and labor used in
the construction of the market facility; b. The cost of acquisition and installation of equipment
for the market facility; c. The cost of acquiring...
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23-1-177
Section 23-1-177 Bonds - Generally. (a) The bonds of the corporation shall be signed by its
president and attested by its secretary, and the seal of the corporation shall be affixed
thereto or printed or otherwise reproduced thereon; provided, that a facsimile of the signature
of one, but not both, of the officers may be printed or otherwise reproduced on any such bonds
in lieu of his or her signing the same. (b) Any bonds of the corporation may be executed and
delivered by it at any time and from time to time, shall be in such form and denominations
and of such tenor and maturities, shall bear such rate or rates of interest payable and evidenced
in such manner, may contain provisions for redemption prior to maturity, and may contain such
other provisions not inconsistent with this article, all as may be provided by the resolution
of the board of directors under which such bonds are authorized to be issued; provided, that
no bond of the corporation shall have a specified maturity date...
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41-10-268.1
Section 41-10-268.1 Issuance of bonds - 2007 authorization. (a) As used in this section, the
following terms shall have the following respective meanings: (1) "Authority" means
the Alabama Judicial Building Authority organized pursuant to the 1986 Act. (2) "1986
Act" means Act No. 86-420, enacted at the 1986 Regular Session of the Legislature of
Alabama and codified in this chapter (3) "Series 1996 Bonds" means the Alabama Judicial
Building Authority Revenue Refunding Bonds, Series 1996. (b) In addition to those bonds authorized
to be issued or refunded by the authority pursuant to the 1986 Act, the authority is hereby
authorized to sell and issue additional revenue bonds not to exceed an aggregate principal
amount of $10,000,000 for the purposes of providing funds for capital expenditures and for
the repair of the roof and other structural damage to the judicial building; provided, however,
that the additional bonds may only be issued if the authority refunds its Series 1996 Bonds
and...
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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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22-3A-19
Section 22-3A-19 Certain public health facilities as primary obligation of authority; reimbursement
to counties; refinancing or refunding of obligations. (a) As its primary obligation under
this chapter, the authority shall, subject to the provisions of subsection (c) of this section,
expend the net proceeds derived from the sale of the bonds herein provided (other than refunding
bonds), together with the income from the investment of such proceeds, for the purpose of
paying the costs of acquiring, constructing, improving and equipping public health facilities
in the following locations and in the following amounts: County Municipality or Locality Total
Autauga Prattville $8,318 Baldwin Bay Minette 556,649 Baldwin Fairhope 619,694 Baldwin Foley
542,375 Barbour Clayton 122,267 Barbour Eufaula 559,930 Bibb Centreville 739,481 Blount Oneonta
383,936 Bullock Union Springs 549,960 Butler Greenville 683,291 Calhoun Anniston 2,000,000
Chambers LaFayette 531,844 Chambers Valley 170,723...
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45-28-20
Section 45-28-20 Beer tax distribution. Notwithstanding any other provision of law, in Etowah
County, the beer taxes imposed pursuant to Section 28-3-190 shall be collected by the county
judge of probate and distributed as follows: The entire amount of tax shall be paid to the
Etowah County Commission and the net revenue, after reimbursing the county general fund for
all expenses incurred in the administration and enforcement of the tax, shall be distributed,
as follows: a. For beer delivered for retail sale within the corporate limits of a municipality
having a board of education, all such proceeds shall be distributed according to the following
percentages: 20.83 1/3 percent to the Etowah County General Fund; 20.83 1/3 percent to the
local boards of education of Etowah County, to be divided pro rata among them in accordance
with the most recent average daily membership figures, to be used for capital outlay purposes,
renovation and repairs and to preserve teacher units under the...
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9-10-36
Section 9-10-36 Issuance of bonds; issuance of notes and renewal notes; redemption of notes
or bonds; liability on notes or bonds; disposition of proceeds from sale of bonds; issuance
of interim receipts, etc. (a) Any such corporation is hereby authorized to provide by resolution
for the issuance of bonds of the corporation for any of its corporate purposes, including
the refunding of its bonds. The principal of and the interest on any issue of such bonds shall
be payable solely from, and may be secured by a pledge of, tolls, rentals, sales receipts
and other revenues of all or any part of the project or projects financed in whole or in part
with the proceeds of such bond issue or with the proceeds of bonds refunded or to be refunded
by such issue. The proceeds of any such bonds may be used or pledged for the payment or security
of the principal or of the interest on bonds and for the establishment of any or all reserves
for such payment or security or for other corporate purposes as...
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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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23-1-301
Section 23-1-301 Definitions. When used in this article, the following words and phrases shall
have the following respective meanings unless the context clearly indicates otherwise: (1)
AUTHORITY. The Alabama Federal Aid Highway Finance Authority, a public corporation and instrumentality
of the state authorized to be organized under the provisions of this article. (2) BOARD OF
DIRECTORS. The board of directors of the authority. (3) BONDS. The bonds, including refunding
bonds issued to refund outstanding obligations, that in this article are authorized to be
sold and issued by the authority. (4) CORPORATION. The authority. (5) HIGHWAY GASOLINE TAX.
The excise tax levied under subdivision (1) of subsection (a) of Section 40-17-325, with the
exception of those portions of the tax levied on aviation fuel and marine gasoline. (6) LEGISLATURE.
The Legislature of Alabama. (7) NET GASOLINE TAX PROCEEDS. The entire proceeds from the highway
gasoline tax less the cost of collection and less any...
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