23-2-147
Section 23-2-147 Bonds; issuance; forms; procedures, etc. (a) The authority is hereby authorized
to provide by resolution for the issuance of bonds of the authority 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 be secured by a pledge of, tolls and other
revenues of all or any part of the toll road, bridge, or tunnel project financed in whole
or in part with the proceeds of such 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 the authority
may authorize in the resolution authorizing the issuance of bonds or in the trust agreement
securing the same. (b) The bonds of each issue shall be dated; shall...
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23-6-8
Section 23-6-8 Bonds of corporation; annual appropriation from state Public Road and Bridge
Fund. (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 a facsimile thereof
printed or otherwise reproduced thereon. The signatures of both the president and the secretary
on any bonds may be facsimile signatures if the board of directors, in its proceedings with
respect to issuance of the bonds, provides for manual authentication thereof, or manual execution
of certificates of registration thereon, by a trustee, registrar, or paying agent or by named
individuals who are employees of the state assigned to the Finance Department or the State
Treasurer's office. Any bonds of the corporation may be executed and delivered by it at any
time and shall be in the form and denominations and of the tenor and maturities, shall bear
the rate or rates of interest payable and evidenced in such manner, may...
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24-1A-7
Section 24-1A-7 Proceeds from sale of bonds; use; issuance procedures; distribution percentages;
allocation of proceeds available for single family mortgage loans. (a) All moneys derived
from the sale of any bonds issued by the authority shall be used solely for the purpose or
purposes for which the same are authorized, including costs and expenses of issue. Such costs
and expenses may include but shall not be limited to: (1) The fiscal, legal and other expenses
incurred in connection with the issuance of the bonds; and (2) Except in the case of refunding
bonds, interest to accrue on such bonds for a period ending not later than two years from
their date. (b) Bonds shall be issued in series, each of which shall be separately designated
in the proceedings authorizing their issuance. The board of directors in the proceedings authorizing
a series of bonds (other than refunding bonds) shall specify the purposes for which the proceeds
of such series shall be used. The proceeds of a series...
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40-23-174
Section 40-23-174 Distribution of proceeds. (a) Should the enactment of a national agreement
for the collection of sales and use taxes from remote sellers establish a single national
tax rate on such remote sales or should the agreement provide for the State of Alabama to
establish a single statewide rate on such remote sales, the proceeds shall be distributed
as follows: (1) One-half of such proceeds shall be distributed to the State of Alabama of
which 75% shall be deposited into the General Fund, and 25% shall be deposited into the Education
Trust Fund. (2) One-quarter shall be distributed to the governing body of the municipality
in which the delivery is made, if the delivery is made into a municipality. (3) The remainder
shall be distributed to the county governing body in the county in which the delivery is made.
(b) The tax proceeds distributed to a municipality or county shall be expended by the governing
body of the municipality or county as required and provided by law for...
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40-29B-9
Section 40-29B-9 Distribution of proceeds. (a) The department shall retain an amount not to
exceed two hundred fifty thousand dollars ($250,000) for advertising, programming, and other
amnesty related expenses from monies collected from taxes paid pursuant to this chapter. The
amount is hereby appropriated to the department and shall be in addition to any and all other
funds appropriated for the fiscal year beginning October 1, 2017. (b) After satisfaction of
the requirements of subsection (a), all remaining monies collected pursuant to this chapter
shall be paid into the State Treasury and placed in the appropriate state funds for the specific
tax collected pursuant to state law. (Act 2018-153, §9.)...
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41-10-300
Section 41-10-300 Definitions. For the purposes of this article, the following terms shall
have the meanings respectively ascribed to them by this section: (1) AUTHORITY. The public
corporation organized pursuant to the provisions of this article. (2) COMMISSION. The Alabama
Space Science Exhibit Commission established pursuant to and under the provisions of Article
15 of Chapter 9 of this title, and its successors as the state agency established for the
purposes set out in said Article 15. (3) CODE. The Code of Alabama, 1975, as amended. (4)
REFUNDING BONDS. Those refunding bonds issued under the provisions of Section 41-10-312. (5)
STATE. The State of Alabama. (6) BONDS. Those bonds, including without limitation refunding
bonds, issued under the provisions of this article. (7) FACILITIES. Includes exhibit facilities,
educational facilities and any other facilities or lands necessary or useful in connection
with exhibit facilities or educational facilities, including, without limiting...
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41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds in limited amounts and for the purpose of promoting economic
development and industrial recruitment as specified by the Legislature from time to time by
separate act, provided that refunding bonds may be issued by the authority pursuant to Section
41-10-627 without first obtaining separate authorization from the Legislature. (b) Sources
of payment. Bonds issued by the authority 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 one or more of the
following sources: (1) Appropriated funds. (2) The income or proceeds realized by the authority
under any mortgage or security granted to the authority. (3) Amounts derived from any letter
of credit, insurance policy, or other form of credit enhancement...
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41-10-755
Section 41-10-755 Bonds of the authority. (a) General. The authority is authorized from time
to time to sell and issue its bonds for the purpose of providing funds to be transferred to
and deposited in the Alabama Trust Fund and the Rainy Day Account, to provide additional funds
to the Alabama Medicaid Agency, for paying the costs of transportation projects, and for the
purpose of refunding any or all of the authority's outstanding bonds. (b) Sources of payment.
Bonds issued by the authority 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 one or more of the following sources: (1)
Appropriated funds. (2) The income or proceeds realized by the authority under any mortgage
or security granted to the authority. (3) Amounts derived from any letter of credit, insurance
policy, or other form of credit enhancement applicable to...
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45-18-90.04
Section 45-18-90.04 Powers and obligations of board. The board may provide for constructive
notice of any statutory mortgage lien, authorize and make provisions respecting the assumption
by the authority of obligations respecting facilities and other property acquired by the authority;
provide for the use of the proceeds of bonds and notes issued by the authority; provide for
the refunding by the issuance of bonds and notes of the authority of bonds and notes theretofore
issued or obligations theretofore assumed by it. Bonds and notes issued and contracts entered
into by the authority pursuant to this article shall not constitute or create a debt of the
state or of any county, municipality, or other political subdivision of the state. (Act 2005-118,
p. 196, §5.)...
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45-28-91.02
Section 45-28-91.02 Applicability and disposition of lodging tax. (1) Beginning October 1,
2016, the first four hundred ninety-one thousand dollars ($491,000) of the annual proceeds
of any lodging tax due Etowah County pursuant to Section 45-28-243, Section 45-28-243.01,
or any other lodging tax payable to the county shall be paid into the county treasury to be
distributed to the Etowah County Tourism Board established by this part to be used to carry
out the purposes of this part. The remaining portion of the proceeds shall be distributed
to the Etowah County Mega Sports Complex Authority. (2) Notwithstanding any provision of Section
45-28-243 or Section 45-28-243.01, the lodging taxes levied by Section 45-28-243 and Section
45-28-243.01 shall not apply to rooms, lodgings, or accommodations supplied for a period of
30 continuous days or more in any place. (Act 2009-497, p. 917, §3; Act 2016-370, §1.)...

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