41-10-30
Section 41-10-30 Pledge and appropriation of certain tax receipts for sinking fund for payment
of principal and interest on bonds. For the purpose of providing funds to enable the authority
to pay, at their respective maturities, the principal of and interest on any bonds issued
by it under the provisions of this article and to accomplish the objects of this article,
there is hereby irrevocably pledged to such purpose and there is hereby appropriated so much
as may be necessary for such purpose of the receipts from the tax levied by Sections 40-25-2
and 40-25-41 and distributed in accordance with subparagraph (1) b. 1. i. of Section 40-25-23.
All moneys hereby appropriated and pledged shall constitute a sinking fund for the purpose
of paying the principal of and the interest on the bonds authorized by this article. (Acts
1965, No. 662, p. 1187, §11.)...
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33-16-12
Section 33-16-12 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $10,000,000.00. The bonds hereby authorized shall
be general obligations of the state, and the full faith and credit of the state are hereby
irrevocably pledged for the prompt and faithful payment of the principal of and the interest
on the bonds. The bonds may be sold from time to time as the board of directors may deem advantageous;
provided, that no bonds (other than refunding bonds) may be sold or issued unless the Governor
shall have first determined that the issuance of the bonds proposed to be issued will be necessary
to enable the authority to fulfill the requirements of local contribution, participation and
cooperation established by the United States in connection with the waterway project. Except
as hereinafter limited, the bonds may be executed and delivered at any time and from time
to time, may be in such forms, denominations, series...
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33-17-12
Section 33-17-12 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $10,000,000.00. The bonds hereby authorized shall
be general obligations of the state, and the full faith and credit of the state are hereby
irrevocably pledged for the prompt and faithful payment of the principal of and the interest
on the bonds. The bonds may be sold from time to time as the board of directors may deem advantageous;
provided, that no bonds (other than refunding bonds) may be sold or issued unless the Governor
shall have first determined that the issuance of the bonds proposed to be issued will be necessary
to enable the authority to fulfill the requirements of local contribution, participation and
cooperation established by the United States in connection with the waterway and the flood
control project. Except as hereinafter limited, the bonds may be executed and delivered at
any time and from time to time, may be in such forms,...
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41-10-64
Section 41-10-64 Special and continuing trust fund for payment of principal and interest on
bonds of authority and maintenance, etc., of facilities thereof. For the purpose of providing
funds for the payment of the costs and expenses necessary to accomplish the purpose of this
authority and for the payment of the principal of and interest on any bonds issued by the
authority under the provisions of this article, there is hereby created and irrevocably pledged
to the payment of such obligations a special and continuing trust fund which shall consist
of all revenues, receipts and income from rents contracted for and received by the authority
and all revenues, receipts and income received by the authority from any other source whatsoever.
There shall be created within said special and continuing trust fund a reserve fund account
of said authority in the State Treasury, in which shall be placed as a trust fund and held
separate and apart from all other moneys of the state or of the...
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41-10-516
Section 41-10-516 Special funds. For the purpose of providing funds for the payment of the
principal of and interest on the bonds issued by the authority under the provisions of this
article, there is hereby created and irrevocably pledged to the payment of such obligations
a special and continuing trust fund which shall consist of all receipts and income from rents
contracted for and received by the authority under leases of the facility or facilities constructed
with the proceeds from the sale of the bonds. There shall be created within said special and
continuing trust fund a reserve fund account of said authority in the State Treasury in which
shall be placed as trust fund and held separate and apart from all other moneys of the state
or of the authority, (1) any moneys left after the completion of the facility and the payment
of all costs in connection therewith and in connection with the issuance of the bonds, and,
(2) all excess rentals and other surplus income from the facility...
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41-10-365
Section 41-10-365 Sinking fund for payment of principal and interest on bonds of authority.
For the purpose of providing funds to enable the authority to pay at their respective maturities
the principal of and interest on any bonds issued by it under the provisions of this article
and to accomplish the objects of this article, there are hereby irrevocably pledged to such
purpose and there are hereby appropriated so much as may be necessary for such purpose of
(a) the receipts from the tax levied by Sections 40-25-2 and 40-25-41 and required to be distributed
to the authority in accordance with the provisions of Section 40-25-23 and, (b) to the extent
that the receipts from said tax shall be insufficient for such purpose, the receipts from
the tax levied by Acts 1988, 1st Ex. Sess., No. 88-869, that are required to be distributed
to the authority pursuant to the provisions of Acts 1988, 1st Ex. Sess., No. 88-869. All moneys
hereby appropriated and pledged shall constitute a sinking fund...
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23-1-314
Section 23-1-314 Bonds and notes - Payment generally. (a) For the purpose of providing funds
to enable the authority to pay at their respective maturities and due dates the principal
of and interest on the obligations that may be issued by it under this article at any time
after March 1, 2014, there hereby is irrevocably pledged and appropriated so much as shall
be necessary for the purpose of the state's share of net gasoline tax proceeds. (b) In addition,
for the purpose of providing funds to enable the authority to pay at their respective maturities
and due dates the principal of and interest on the obligations that may be issued by it under
this article, there hereby is irrevocably pledged and appropriated each year all federal aid
funds for federal aid projects to be received by the State Department of Transportation from
the United States government to the extent that such funds may be required to pay the principal
of and interest on such obligations. All federal aid funds for...
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41-10-655
Section 41-10-655 Debt service. There is hereby irrevocably pledged and appropriated such amount
of pledged revenues deposited in the special fund, and earnings thereon, as may be necessary
to pay and to redeem prior to their respective maturities the principal, interest and premium,
if any, on the bonds; provided, however that the bonds may not be issued in principal amounts
and maturities such that the debt service payable on such bonds may ever be greater than the
amounts permitted by Division 1. (Act 99-391, p. 641, §6.)...
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41-10-675
Section 41-10-675 Pledge and appropriation of pledged revenues. There is hereby irrevocably
pledged and appropriated such amount of pledged revenues deposited in the special fund, and
earnings thereon, as may be necessary to pay and to redeem prior to their respective maturities
the principal, interest, and premium, if any, on the bonds; provided, however that the bonds
may not be issued in principal amounts and maturities such that the debt service payable on
such bonds may ever be greater than the amounts permitted by the Enabling Act. (Act 2001-691,
p. 1430, §6.)...
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33-13-9
Section 33-13-9 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying costs
of the development, construction, improvements, expansion and modernization (or any of them)
of the State Docks Department at the Port of Mobile. The bonds hereby authorized shall be
general obligations of the state, and the full faith, credit and taxing powers of the state
are hereby irrevocably pledged for the prompt and faithful payment of the principal thereof
and the interest thereon. The bonds may be sold from time to time as the board of directors
may deem advantageous; provided, that no bonds (other than refunding bonds) may be sold or
issued unless the Governor shall have first determined that the issuance of the bonds proposed
to be issued will be necessary to enable the authority to promote, develop, construct, improve,
expand and modernize the state docks facilities. Except as hereinafter...
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