16-16-10
Section 16-16-10 Disposition of proceeds of bonds. (a) 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. Said expenses shall be deducted from that portion of the said proceeds
allocated in subsection (o) of this section. Such remaining funds shall be subject
to be drawn upon by the authority with the approval of the secretary of the authority and
the Governor, but any funds so withdrawn shall be used solely for the purpose of financing
the construction, reconstruction, alteration, improvement and equipment of buildings and other
facilities for public educational purposes, including the cost of architectural services therefor
and services rendered by building inspectors for periodic and final inspections thereof, and
for acquiring sites therefor, in accordance with the provisions of this...
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16-65-7
Section 16-65-7 Proceeds from the sale of bonds, revenues, and other funds. (a) After
making adequate provision for the payment of the expenses of issuance, the authority is authorized
and empowered to use the proceeds of any bonds, together with any other available funds (1)
to finance equipment costs through equipment loans to educational institutions as herein authorized;
(2) to fund such reserves as the authority deems necessary and desirable; and (3) to the extent
not needed for the foregoing uses, to pay or redeem such bonds. (b) Pending the application
of the proceeds of bonds to the purpose or purposes of which such bonds were issued, such
proceeds may be invested by the authority in such manner consistent with the resolution pursuant
to which such bonds are issued, as the board of directors may deem advisable. (c) Any and
all revenues, receipts, investment earnings, and other funds paid to, or otherwise coming
into the possession of, the authority as the result of financings...
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37-13-14
Section 37-13-14 Bonds of authority - Disposition of proceeds from sale of bonds. The
proceeds derived from the sale of any bonds (other than refunding bonds) may be used only
to pay the costs of acquiring, constructing, improving, enlarging and equipping the railroad
properties and facilities, or other property with respect to which they were issued, as may
be specified in the proceedings in which the bonds are authorized to be issued. Such costs
shall be deemed to include the following: the costs of any land or easements forming a part
of such railroad properties and facilities or other property; the cost of labor, material
and supplies used in any such construction, improvement or enlargement, including architects'
and engineers' fees, and the cost of preparing contract documents and advertising for bids;
the purchase price of, and the cost of installing equipment for use in connection with, such
railroad properties and facilities or other property; the cost of constructing and...
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2-3A-34
Section 2-3A-34 Expenses; disposition of proceeds. Upon order of the board of directors
of said authority, all expenses incurred in connection with the authorization, preparation,
sale, and issuance of bonds authorized herein and by Amendment 618 shall be paid out of the
proceeds thereof. The proceeds thereof remaining after payment of such expenses, together
with the income derived from the investment and reinvestment of such proceeds (including income
derived from the investment and reinvestment of previously derived income) shall be disbursed
from time to time on the order of said authority for payment of costs incurred in carrying
out the purposes authorized in said amendment, as follows: (1) the sum of $13,000,000 shall
be used for providing and improving animal diagnostic laboratories in the state in order to
provide improved animal health testing for livestock and poultry producers, veterinarians,
animal owners and animal-related businesses generally; (2) the sum of $18,200,000...
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11-94-13
Section 11-94-13 Bonds of authority - Application of proceeds. The proceeds derived
from the sale of any bonds shall be applied as provided in the proceedings in which the bonds
are authorized to be issued, including without limitation, the payment of all legal, fiscal
and recording fees and expenses incurred in connection with the authorization, sale and issuance
of the bonds and if so provided in the proceedings authorizing their issuance, interest on
said bonds (or, if a part only of any issue of bonds is issued for acquisition purposes, interest
on that portion of the bonds of that issue that is issued to pay acquisition costs) for a
reasonable period prior to and during the time required for the acquisition, construction
and equipping of the project and for a period not exceeding 18 months after the completion
thereof. An authority may provide in the proceedings authorizing the issuance of bonds for
the capitalization of a debt service reserve and/or a replacement and extension...
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2-3A-54
Section 2-3A-54 Expenses; disposition of proceeds. Upon order of the board of directors
of said authority, all expenses incurred in connection with the authorization, preparation,
sale, and issuance of bonds authorized herein and by Amendment 619 shall be paid out of the
proceeds thereof. The proceeds thereof remaining after payment of such expenses, together
with the income derived from the investment and reinvestment of such proceeds (including income
derived from the investment and reinvestment of previously derived income) shall be disbursed
from time to time on the order of said authority for payment of costs incurred in carrying
out the purposes authorized in said amendment, as follows: The sum of five million seven hundred
thousand dollars ($5,700,000) shall be used for the purpose of providing and the equipping
of a center for cotton, cotton products technology, and for its use as an educational, applied
research, and promotional facility in the field of textile and apparel...
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41-10-313
Section 41-10-313 Price of bonds; competitive bidding; notice of sale; expenses of sale.
Bonds of the authority may be sold at such price or prices and at such time or times as the
board of directors of the authority may consider advantageous, at public or private sale.
If bonds are to be sold by competitive bid on sealed bids or at public auction, the bonds
may be sold only to the bidder whose bid reflects the lowest effective borrowing cost to the
authority for the bonds being sold; provided, that if no bid acceptable to the authority is
received, it may reject all bids. Notice of each such sale by competitive bids shall be given
by publication in either a financial journal or a financial newspaper published in the City
of New York, New York, and also by publication in a newspaper published in the State of Alabama,
each of which notices must be published at least one time not less than 10 days before the
date fixed for such sale. The board of directors may fix the terms and...
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41-10-364
Section 41-10-364 Proceeds of bonds, other than refunding bonds; special fund to pay
costs of acquisition, construction, etc., of mental health facilities; such work supervised
by Building Commission; such work subject to competitive bidding; disposition of moneys remaining.
The proceeds of the bonds, other than refunding bonds, remaining after paying the expenses
of their sale and issuance shall be turned into the State Treasury, shall be carried in a
special fund to be designated the Mental Health Facilities Building Fund, and shall be subject
to be drawn on by the authority for the purpose of paying costs of acquisition, construction,
improvement and equipping of mental health facilities in the state. For the purposes of this
article, the improvement of a facility shall be deemed to include the renovation, modernization,
remodeling, and equipment thereof and the construction of additions thereof, and the construction
of a facility shall be deemed to include the acquisition of real...
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41-29-505
Section 41-29-505 Deposit and investment of and disbursements from bond proceeds. (a)
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 or accounts. Such funds shall be subject
to be drawn upon by 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. (b) The state treasurer,
with the approval of the secretary of the authority, shall invest funds not needed by the
authority within the ensuing thirty 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 state
treasurer and the authority may apply so much as may be necessary from the earnings on said
investments toward satisfaction of the arbitrage rebate requirements...
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2-3A-33
Section 2-3A-33 Alabama Agricultural, Forestry, and Veterinary Medicine Facilities Improvement
Fund. The proceeds derived from the sale of each series of the bonds issued pursuant to Section
2-3A-30 shall be paid into the State Treasury upon receipt thereof, and the State Treasurer
shall keep such proceeds, as well as all income received from the investment and reinvestment
of such proceeds (including income derived from the investment and reinvestment of previously
derived income), in a special fund in the State Treasury, designated "The Alabama Agricultural,
Forestry, and Veterinary Medicine Facilities Improvement Fund," pending the expenditure
of such proceeds and income for the purposes hereinafter authorized and as required by Amendment
618. All proceeds so deposited in the State Treasury shall be continuously invested by the
State Treasurer in investments of the same kind as those in which the State Treasurer is at
the time legally authorized to invest moneys held in the General...
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