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40-12-270
Section 40-12-270 Disbursement of net proceeds from license taxes and registration fees; Secondary
Road Committee created. (a) The moneys collected each month by the judge of probate from motor
vehicle license taxes and registration fees, after deducting therefrom the amounts referred
to in subdivisions (1) and (2) of subsection (a) of Section 40-12-269, the moneys remaining
after making the said deductions being referred to in this section as "the net proceeds,"
shall be disbursed by the judge of probate as follows: (1) That portion of the net proceeds
that consists of additional amounts paid under the schedule of additional amounts set forth
in subsection (b) of Section 40-12-248 shall be remitted by the judge of probate to the State
Treasurer who shall distribute said amounts as follows: a. 64.75 percent of said amounts shall
be distributed by the State Treasurer to the State of Alabama; b. 35.25 percent of said amounts
shall be apportioned and distributed by the State Treasurer...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-12-270.htm - 12K - Match Info - Similar pages
39-2-12
Section 39-2-12 Partial and final payments of contractors by awarding authorities. (a) As used
in this section the following words shall have the meanings ascribed to them as follows: (1)
CONTRACTOR. Any natural person, partnership, company, firm, corporation, association, limited
liability company, cooperative, or other legal entity licensed by the Alabama State Licensing
Board for General Contractors. (2) NONRESIDENT CONTRACTOR. A contractor which is neither a.
organized and existing under the laws of the State of Alabama, nor b. maintains its principal
place of business in the State of Alabama. A nonresident contractor which has maintained a
permanent branch office within the State of Alabama for at least five continuous years shall
not thereafter be deemed to be a nonresident contractor so long as the contractor continues
to maintain a branch office within Alabama. (3) RETAINAGE. That money belonging to the contractor
which has been retained by the awarding authority conditioned on...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-2-12.htm - 18K - Match Info - Similar pages
11-47-222
Section 11-47-222 Bonds of an authority - Sale and issuance of refunding bonds; maturity; limitation
on principal amount; use of proceeds; effectuation of refunding by sale or exchange of bonds.
(a) An authority may at any time and from time to time sell and issue its refunding bonds
for the purpose of refunding the principal of and interest on any then outstanding bonds of
the authority, whether or not the bonds shall have matured or be redeemable at the option
of the authority at the time of the refunding, and for the payment of any expenses incurred
in connection with the refunding and any premium or other sum necessary to be paid to redeem
or retire the bonds to be refunded. No refunding bonds shall be issued unless the present
value of all debt service on the refunding bonds (computed with a discount rate equal to the
true interest rate of the refunding bonds and taking into account all underwriting discount
and other issuance expenses) shall not be greater than 95 percent of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-222.htm - 5K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-7.htm - 5K - Match Info - Similar pages
14-2-19
Section 14-2-19 Bonds - Disposition of proceeds. (a) All proceeds derived from the sale of
any bonds, except refunding bonds, sold by the authority, remaining after payment of the expenses
of issuance thereof, shall be turned over to the State Treasurer, shall be carried in a special
account to the credit of the authority, and shall be subject to be drawn on by the authority
solely for the purposes of: (1) Acquiring land for and constructing, reconstructing and equipping
thereon one or more facilities; (2) Constructing additional improvements on property currently
owned by the Department of Corrections or the authority in order to provide for additional
bedspace; (3) Paying all reasonable and necessary expenses incidental thereto, including filing,
recording, surveying, legal and engineering fees and expenses; (4) Paying the interest which
will accrue on the said bonds during the period required for the construction and equipment
of the said facilities and for a period not exceeding...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/14-2-19.htm - 2K - Match Info - Similar pages
41-10-506
Section 41-10-506 Disposition of proceeds of bonds. (a) All proceeds derived from the sale
of any bonds, except refunding bonds, sold by the authority, remaining after payment of the
expenses of issuance thereof, shall be turned over to the State Treasurer, shall be carried
by him in a special account to the credit of the authority, and shall be subject to be drawn
on by the authority solely for the purposes of: (1) Acquiring land for and constructing, reconstructing
and equipping thereon one or more facilities; (2) Paying all reasonable and necessary expenses
incidental thereto, including filing, recording, surveying, legal and engineering fees and
expenses; (3) Paying the interest which will accrue on the said bonds during the period required
for the construction and equipment of the said facilities and for a period not exceeding six
months after the completion thereof; and (4) Paying the principal of and interest on all then
outstanding notes theretofore issued by the authority...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-506.htm - 2K - Match Info - Similar pages
41-10-268
Section 41-10-268 Authorization, issuance and sale of bonds. The authority is hereby authorized
from time to time to sell and issue its interest-bearing or noninterest-bearing bonds, in
one or more series, not to exceed an aggregate principal amount of $40,000,000.00, excluding
refunding bonds described in Section 41-10-277, for the purpose of providing funds for the
acquisition, construction, installation and equipping of judicial facilities, and for payment
of obligations incurred for any of said purposes. Bonds of the authority may be in such form
and denominations, may be of such tenor, may be payable in such installments and at such time
or times not exceeding 30 years from their date, may be payable at such place or places, may
be redeemable at such times and under such conditions, may bear interest at such rate or rates
payable and evidenced in such manner or may be structured to bear no interest or to reflect
compound interest and may be secured in such manner, all as shall not...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-268.htm - 2K - Match Info - Similar pages
22-3A-15
Section 22-3A-15 Disposition of proceeds of bonds; Public Health Facilities Building Fund;
powers of authority; improvement and construction defined; supervision; bidding. (a) The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their sale
and issuance shall be turned in to the State Treasury and all income derived from the investment
of said proceeds (including income from the investment of proceeds held in the Debt Service
Reserve Fund to the extent provided in the resolution, trust indenture or other documents
pursuant to which the bonds shall be issued) shall be carried in a special fund to be designated
the Public Health Facilities Building Fund, and shall be subject to be drawn on by the authority
for the purpose of paying the costs of acquiring, constructing, improving and equipping such
public health facilities in the state as shall be determined by the authority. Subject to
the provisions of Section 22-3A-19, the authority shall have...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-15.htm - 3K - Match Info - Similar pages
11-88-11
Section 11-88-11 Bonds of authority - Disposition of proceeds from sale of bonds. 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 the funding of all or part of any
reserve funds which may be required for debt service, replacement and extension or capital
improvements, and any costs and expenses incidental thereto. Such costs and expenses may include
but shall not be limited to: (1) The fiscal, engineering, legal and other expenses incurred
in connection with the issuance of and security for the bonds, including, without limitation,
the charges, premiums or fees in connection with any debt service insurance or letter of credit
or other additional security given with respect to its bonds, whether such amounts are to
be paid in a lump sum or over a period of time; (2) Interest on bonds in the case of bonds
issued to pay costs of construction or, if a part only of any series...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-11.htm - 1K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-29.htm - 1K - Match Info - Similar pages
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