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withdrawn solely for the purposes and in the amounts set out below: (1) No more than 60 percent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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