16-18B-13
Section 16-18B-13 Refunding bonds. Pursuant to the provisions of the aforesaid amendment
and this article, the corporation may, at any time and from time to time, issue for the state
refunding bonds of the state for the purpose of refunding any or all of the bonds authorized
by the amendment then outstanding (including any refunding bonds that may have been previously
issued), whether such refunding shall occur before, at or after the maturity of the bonds
to be refunded. In the discretion of the corporation, refunding bonds may be issued in exchange
for such outstanding bonds or they may be sold and the proceeds thereof applied to the purchase,
redemption or payment of outstanding bonds. Refunding bonds to be sold pursuant hereto may
be issued in such principal amount or amounts as shall be determined by the corporation. Pending
the application of the proceeds of refunding bonds issued in accordance with this section,
such proceeds, together with investment income therefrom, and...
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2-3A-55
Section 2-3A-55 Refunding bonds. Pursuant to the provisions of Amendment 619 and this
article, the authority may, at any time and from time to time, issue for the state refunding
bonds of the state for the purpose of refunding any or all of the bonds authorized by the
aforesaid amendment then outstanding (including any refunding bonds that may have been previously
issued), whether such refunding shall occur before, at or after the maturity of the bonds
to be refunded. In the discretion of the authority, refunding bonds may be issued in exchange
for such outstanding bonds or they may be sold and the proceeds thereof applied to the purchase,
redemption or payment of such outstanding bonds. Refunding bonds to be issued in exchange
for such outstanding bonds shall not be issued in a principal amount greater than the principal
amount of the bonds to be refunded. Refunding bonds to be sold pursuant hereto may be issued
in such principal amount or amounts as shall be determined by said...
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41-10-29
Section 41-10-29 Disposition of proceeds from sale of bonds and refunding bonds. The
proceeds of all bonds, other than refunding bonds, issued by the authority remaining after
paying expenses of their issuance shall be deposited in the State Treasury and shall be carried
in the State Treasury in a special or separate account. Such funds shall be subject to be
drawn upon by the authority with the approval of the president of the authority, but any funds
so withdrawn shall be used solely for the purposes for which the bonds were issued as authorized
in this article. The State Treasurer, with the approval of the president of the authority,
shall invest funds not needed immediately or within the ensuing 30 days for any purpose for
which they are held, which investments shall be made in the manner authorized and provided
for in Section 36-17-18. The proceeds from the sale of any refunding bonds issued under
this article remaining after paying the expenses of their issuance shall be used...
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2-3A-35
Section 2-3A-35 Refunding bonds. Pursuant to the provisions of Amendment 618 and this
article, the authority may, at any time and from time to time, issue for the state refunding
bonds of the state for the purpose of refunding any or all of the bonds authorized by Amendment
618 then outstanding (including any refunding bonds that may have been previously issued),
whether such refunding shall occur before, at or after the maturity of the bonds to be refunded.
In the discretion of the authority, refunding bonds may be issued in exchange for such outstanding
bonds or they may be sold and the proceeds thereof applied to the purchase, redemption or
payment of such outstanding bonds. Refunding bonds to be issued in exchange for such outstanding
bonds shall not be issued in a principal amount greater than the principal amount of the bonds
to be refunded. Refunding bonds to be sold pursuant hereto may be issued in such principal
amount or amounts as shall be determined by said authority....
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2-6-117
Section 2-6-117 Disposition of refunding bond proceeds. (a) The proceeds of refunding
bonds shall be applied, together with any other moneys legally available, to the payment of
the expenses authorized by this article and to the payment of the principal of, premium, if
any, and interest due and to become due on any outstanding bonds to be refunded. The expenses
authorized by this article shall include, in addition to other expenses authorized by this
article, all expenses that the board of directors may deem necessary or advantageous in connection
with the sale and issuance of refunding bonds, including, without limitation, the expenses
of selling and issuing such refunding bonds, including any discount reflected in the purchase
price paid to the corporation, fees and disbursements of attorneys, accountants, fiscal agents,
financial advisors, and other consultants, fees and disbursements of trustees, escrow agents,
registrars, paying agents, transfer agents, depositories for...
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23-1-178
Section 23-1-178 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other
than refunding bonds, issued by the corporation remaining after paying the expenses of their
issuance shall be deposited in the State Treasury and credited to the Road and Bridge Fund,
and shall be subject to be drawn on by the corporation, upon the approval of the State Department
of Transportation, but solely for the purpose of constructing, reconstructing , or relocating
public roads and bridges, or work incidental or related thereto, including the acquisition
of property necessary therefor, in the State of Alabama; provided, that such funds may be
used only for payment of the state's share or the costs thereof to be paid by any county or
municipality within the state, of the cost of constructing, reconstructing, or relocating
public roads and bridges, or work incidental or related thereto, which have been or will be
constructed, reconstructed, or relocated under programs financed jointly by the...
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23-6-9
Section 23-6-9 Disposition of bond proceeds; industrial access road and bridge construction
account; refunding bonds; contracts for construction, etc., of roads and bridges; performance
of work done without contract; property acquired by corporation; roads and bridges constructed
to be part of public highway system; appropriation for road and bridge construction. The proceeds
of all bonds, other than refunding bonds, issued by the corporation, remaining after paying
the expenses of their issuance, shall be turned into the treasury, shall be carried in a special
industrial access road and bridge construction account, and shall be available to be drawn
upon by the corporation, upon the approval of the State Department of Transportation and the
Governor, but solely for the purpose of constructing, reconstructing, and relocating industrial
access roads and bridges and work incidental or related thereto, including the acquisition
of property necessary therefor. Moneys on deposit in the...
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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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9-14A-16
Section 9-14A-16 Refunding bonds. Pursuant to the provisions of the aforesaid amendment
and this chapter, the corporations may, at any time and from time to time, issue for the state
refunding bonds of the state for the purpose of refunding any or all of the bonds authorized
by the aforesaid amendment then outstanding, including any refunding bonds that may have been
previously issued, whether such refunding shall occur before, at or after the maturity of
the bonds to be refunded. In the discretion of the corporations, refunding bonds may be issued
in exchange for such outstanding bonds or they may be sold and the proceeds thereof applied
to the purchase, redemption or payment of such outstanding bonds. Refunding bonds to be issued
in exchange for such outstanding bonds shall not be issued in a principal amount greater than
the principal amount of the bonds to be refunded. Refunding bonds to be sold pursuant hereto
may be issued in such principal amount or amounts as shall be...
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