41-10-676
Section 41-10-676 Use of bond proceeds. (a) The proceeds derived from the sale of the
bonds shall be deposited in the State Treasury and shall be carried in a separate fund therein
for the account of the authority. The proceeds from the sale of the bonds remaining after
payment of the expenses of issuance thereof shall be retained in such fund and, until they
are paid out, shall be invested by the State Treasurer at the direction of the authority,
in investments that constitute permitted investments, as defined in the Enabling Act. Monies
in such fund, whether original proceeds from the sale of the bonds or earnings on such proceeds,
shall be paid out from time to time in orders or warrants issued by or on the direction of
the authority for any one or more of the purposes specified in Section 41-10-674 that
may be deemed by the authority to be necessary to comply with any and all commitments made
by the state to any company. (b) Notwithstanding subsection (a), the authority may use...

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41-10-593
Section 41-10-593 Use of bond proceeds. The proceeds derived from the sale of bonds
issued by the authority to finance Y2K expenditures shall be deposited in the State Treasury
and shall be carried in a separate fund therein for the account of the authority, which shall
pay therefrom the expenses of issuance thereof. The proceeds from the sale of bonds remaining
after payment of the expenses of issuance thereof shall be retained in the fund and, until
they are paid out, shall be invested by the State Treasurer at the direction of the authority
in eligible investments which mature at such time or times as the state Finance Director shall
direct. Monies in the fund, whether original proceeds from the sale of bonds or the proceeds
of or earnings on the eligible investments, shall be paid out from time to time for the purposes
of this division in orders or warrants issued by or on the direction of the state Finance
Director. After the Finance Director has certified to the State Treasurer...
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41-10-656
Section 41-10-656 Use of bond proceeds. (a) The proceeds derived from the sale of the
bonds shall be deposited in the State Treasury and shall be carried in a separate fund therein
for the account of the authority. The proceeds from the sale of the bonds remaining after
payment of the expenses of issuance thereof shall be retained in such fund and, until they
are paid out, shall be invested by the State Treasurer at the direction of the authority,
in investments that constitute permitted investments, as defined in Division 1. Monies in
such fund, whether original proceeds from the sale of the bonds or principal proceeds of matured
investments, shall be paid out from time to time in orders or warrants issued by or on the
direction of the authority for any one or more of the purposes specified in Section
41-10-654 that may be deemed by the authority to be necessary to comply with any and all commitments
made by the state to the company. (b) Notwithstanding subsection (a), the authority...
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16-16-14
Section 16-16-14 Use of bond proceeds for loans to local boards of education. The proceeds
derived from the sale of any bonds issued pursuant to subsection (b) of Section 3 of
Act 98-373 shall be deposited in the State Treasury and shall be carried in a separate fund
therein for the account of the authority, which shall pay therefrom the expenses of issuance
thereof. The proceeds from the sale of the bonds remaining after payment of the expenses of
issuance thereof shall be retained in such fund and, until they are paid out, shall be invested
by the State Treasurer at the direction of the authority in permitted investments which mature
at such time or times as the authority shall direct. Monies in the fund (whether original
proceeds from the sale of the bonds or principal proceeds of matured permitted investments)
shall be available for loan by the authority. The authority is hereby authorized to loan,
and each local board of education is hereby authorized to borrow, such monies under...
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16-16A-9
Section 16-16A-9 Disposition of funds. (a) The proceeds derived from each sale of the
Bonds issued pursuant to this chapter shall be deposited in the State Treasury and shall be
carried in a separate fund therein for the account of the Authority, which shall pay the expenses
of issuance therefrom. The expenses of issuance of the Bonds shall be prorated among the recipients
of the proceeds from the sale of the Bonds in proportions they receive allocations of the
proceeds thereunder. The proceeds from the sale of the Bonds remaining after payment of the
expenses of issuance thereof shall be retained in said fund and, until they are paid out,
shall be invested by the State Treasurer at the direction of the Authority in Permitted Investments
maturing at such time or times as the Authority shall direct. (b) Proceeds from the sale of
the Bonds and the earnings thereon shall be paid out from time to time on orders or warrants
issued by or at the direction of the Authority for any one or more...
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16-16B-9
Section 16-16B-9 (Implementation Conditioned on Separate Legislative Enactment.) Use
of bond proceeds. (a) The proceeds derived from each sale of the Bonds issued pursuant to
this chapter shall be deposited in the State Treasury and shall be carried in a separate fund
therein for the account of the Authority, which shall pay the expenses of issuance therefrom.
The expenses of issuance of the Bonds shall be prorated among the recipients of the proceeds
from the sale of the Bonds in proportions they receive allocations of the proceeds thereunder.
The proceeds from the sale of the Bonds remaining after payment of the expenses of issuance
thereof shall be retained in said fund and, until they are paid out, shall be invested by
the State Treasurer at the direction of the Authority in Permitted Investments maturing at
such time or times as the Authority shall direct. (b) Proceeds from the sale of the Bonds
and the earnings thereon shall be paid out from time to time on orders or warrants...
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33-16-13
Section 33-16-13 Bonds - Disposition of proceeds; investments. The authority shall pay
out of the proceeds from the sale of any of the bonds all expenses which the board of directors
may deem necessary or advantageous in connection with the sale and issuance of the bonds.
The proceeds from the sale of all bonds, other than refunding bonds, remaining after paying
the expenses of their sale and issuance shall be turned in to the State Treasury, shall be
carried in a special fund to be designated the Coosa Valley Development Authority fund, and
shall be subject to be drawn on by the authority, upon approval by the Governor, but solely
for the purpose of discharging the duties and obligations undertaken by the authority in connection
with the waterway project. The proceeds from the sale of any refunding bonds remaining after
the expense of their issuance shall be used only for the purpose of refunding the principal
of outstanding bonds issued hereunder and of paying any premium that may be...
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33-17-13
Section 33-17-13 Bonds - Disposition of proceeds; investments. The authority shall pay
out of the proceeds from the sale of any of the bonds all expenses which the board of directors
may deem necessary or advantageous in connection with the sale and issuance of the bonds.
The proceeds from the sale of all bonds, other than refunding bonds, remaining after paying
the expenses of their sale and issuance shall be turned in to the state treasury, shall be
carried in a special fund to be designated the Tombigbee Valley Development Authority Fund,
and shall be subject to be drawn on by the authority, upon approval by the Governor, but solely
for the purpose of discharging the duties and obligations undertaken by the authority in connection
with the waterway and the flood control project. The proceeds from the sale of any refunding
bonds remaining after the expense of their issuance shall be used only for the purpose of
refunding the principal of outstanding bonds issued hereunder and of...
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41-10-60
Section 41-10-60 Disposition of proceeds from sale of bonds and refunding bonds. (a)
The authority shall pay out of the proceeds from the sale of any of the bonds all expenses,
including fees of agents and attorneys and other charges, which said board of directors may
deem necessary or advantageous in connection with the issuance of the bonds. The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their issuance
shall be turned over to the State Treasurer and 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 acquiring real estate suitable for the purpose of the authority in Jefferson
County, Alabama, including all expenses reasonably necessary in connection with such acquisition,
and erecting, constructing and equipping on such real estate exhibition halls, buildings,
warehouses, storage facilities, parking areas and other structures and...
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41-10-469
Section 41-10-469 Use of proceeds of refunding bonds. The proceeds of refunding bonds
shall be applied, together with any other moneys legally available therefor, 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 thereby
and, if so required by resolution of the authority, shall be deposited in the State Treasury
in an interest account to pay interest on refunding bonds, and in the State Treasury in a
reserve account to further secure the payment of the principal of, premium, if any, and interest
on any refunding bonds. The expenses authorized by this article shall include, in addition
to expenses authorized by other sections hereof, all expenses that the board of directors
may deem necessary or advantageous in connection with the sale and issuance of such refunding
bonds, including without limitation, the expenses of selling and issuing such...
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