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16-16-14.1
Section 16-16-14.1 Sale of bonds and other details of bonds. From and after August 14,
2009, bonds issued by the authority under subsection (b) of Section 3 of Act 98-373
may be sold by negotiated sale or by competitive bid at such price or prices and at such time
or times as the authority may consider advantageous. In addition, bonds hereafter issued by
the authority under subsection (b) of Section 3 of Act 98-373 may bear such maturities,
may be subject to redemption, or may not be subject to redemption, all on such terms as the
authority may consider advantageous. Notwithstanding any other provision of law, bonds, notes,
or other debt obligations issued under the provisions of the American Recovery and Reinvestment
Act of 2009 or other governmental program providing cost-savings or conditions acceptable
to the authority may be issued by the authority after review by the Alabama Public School
and College Education Incentive Fund Council created in Section 16-16-15. The council
shall...
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39-7-22
Section 39-7-22 Powers generally; consent of Department of Finance required for issuance
or sale of bonds or other evidence of indebtedness by authority. (a) Subject only to the Constitution
of the State of Alabama, each authority incorporated under this chapter shall have power:
(1) To sue and be sued; (2) To have a seal and alter the same at pleasure; (3) To acquire,
by purchase, gift, devise, lease or exercise of the power of eminent domain or other mode
of acquisition, hold and dispose of property real and personal, tangible and intangible, and
interests therein in its own name, subject to mortgages or other liens or otherwise, and to
pay therefor in cash or on credit and to secure and procure payment of all or any part of
the purchase price thereof on such terms and conditions as it shall determine; (4) To make
and enter into contracts, indentures of trust, leases and bonds; (5) To borrow money and to
issue negotiable bonds and provide for the rights of the holders thereof; (6) 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, ยง5.)...
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22-34-1
Section 22-34-1 Definitions. The following words and phrases, whenever used in this
chapter, shall have the following respective meanings unless the context clearly indicates
otherwise: (1) AUTHORITY. The corporation organized pursuant to the provisions of this chapter
as a public corporation, agency and instrumentality of the state and known as the "Alabama
Water Pollution Control Authority." (2) AUTHORIZING RESOLUTION. A resolution or order
adopted by the board of directors of the authority authorizing the issuance of bonds by the
authority pursuant to this chapter or by a public body. (3) BOARD OF DIRECTORS. The board
of directors of the Alabama Water Pollution Control Authority. (4) BONDS. The "Water
Pollution Control Bonds," notes or obligations or other evidence of indebtedness issued
by the authority under the provisions of this chapter. (5) BOND PROCEEDS. The direct proceeds
of sale of bonds or notes, and the income derived from the investment of such proceeds. (6)
DEPARTMENT....
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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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41-10-458.1
Section 41-10-458.1 Definitions; additional authorization. (a) Definitions. The following
terms, whenever used in Act 98-245, shall have the following respective meanings unless the
context clearly indicates otherwise: (1) "Authority" means Alabama Building Renovation
Finance Authority established pursuant to the 1990 Act. (2) "Bonds" (except where
that word is used with reference to bonds issued under another act) means those bonds authorized
to be issued pursuant to the authorization contained in Act 98-245. (3) "1990 Act"
means Act No. 90-602 enacted at the 1990 Regular Session of the Legislature of Alabama, codified
as Article 14 of Chapter 10 of Title 41. (b) In addition to those bonds authorized to be issued
by the authority pursuant to the 1990 Act, the authority is hereby authorized to sell and
issue its bonds in the aggregate principal amount of twelve million dollars ($12,000,000)
for the purpose of constructing and equipping a new west wing for the Alabama Memorial Building,...
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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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-301.htm - 4K - Match Info - Similar pages
41-10-550
Section 41-10-550 Appropriation and pledge of funds for authority obligations. (a) For
the purpose of providing funds to enable the authority to pay debt service referable to any
bonds issued by it, amounts due on any authority guaranties entered into by it under this
division and other obligations incurred by the authority pursuant to this division, and to
pay the costs of acquiring, operating, and maintaining any project or other property the authority
may own, acquire, or operate and to pay any other costs, expenses, or obligations of the authority,
there is irrevocably pledged to such purpose and is appropriated to the authority so much
as may be necessary therefor of the appropriated funds. All moneys hereby appropriated and
pledged shall be deposited in a special fund maintained by the State Treasurer separate and
apart from all other funds under his or her supervision, and the State Treasurer is hereby
directed to cause moneys in the special fund to be disbursed solely for the...
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41-10-654
Section 41-10-654 Bonds of the authority. (a) General authorization to issue bonds.
The authority is authorized from time to time to sell and issue the bonds in one or more series
in an aggregate principal amount of up to fifty million dollars ($50,000,000) in order to
provide the funds to pay project costs, ancillary costs, and training costs. (b) Source of
payment. The bonds authorized herein 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 the pledged revenues.
(c) Security for the bonds. The principal of and interest on the bonds shall be secured by
a pledge of the pledged revenues and, if necessary and desirable in the authority's sole discretion,
a mortgage on any part of the project. The resolution under which the bonds are authorized
by the authority to be issued and any trust indenture or mortgage may contain any...
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16-13-4
Section 16-13-4 Diversion of funds; payment of debt obligations. (a) It shall be unlawful
for any official in the State of Alabama having the custody of, or in any manner connected
with the handling or having the authority to direct the use of any of the public school funds
arising under the provisions of Sections 257, 258, 259 and 260 of the Constitution of Alabama
to knowingly or intentionally divert or permit to be diverted or to use or permit the use
of these funds or any part thereof for any purpose whatsoever except for the uses and purposes
as set out in these sections of the constitution, and such official violating this section
shall be guilty of a misdemeanor and, upon conviction, shall be fined not less than five hundred
dollars ($500) nor more than one thousand dollars ($1,000), and the Attorney General may also
institute impeachment proceedings against such official. (b) Nothing contained in this section
shall be so construed as to affect any appropriation heretofore made...
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