41-10-757
Section 41-10-757 Disposition of proceeds of bonds. (a) The authority is authorized and empowered
to apply the proceeds of any bonds and any other funds belonging to the authority for any
of the following purposes or uses: (1) For the purposes for which the bonds were authorized
to be issued, in the following order: a. To repay the General Fund Rainy Day Account for the
$161,565,874 transferred to the State General Fund in fiscal year 2010 pursuant to Amendment
803 to the Constitution of Alabama of 1901. b. To repay a total of $238,434,126 to the Alabama
Trust Fund for amounts transferred to the State General Fund in fiscal years 2013, 2014, and
2015 pursuant to Section 4 of Amendment 856 to the Constitution of Alabama of 1901. c. To
provide one hundred twenty million dollars ($120,000,000) to the Alabama Medicaid Agency to
be distributed fifteen million dollars ($15,000,000) in fiscal year 2017 and one hundred five
million dollars ($105,000,000) in fiscal year 2018. The Alabama...
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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...
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16-18B-13
Section 16-18B-13 Refunding bonds. Pursuant to the provisions of the aforesaid amendment and
this article, the corporation may, at any time and from time to time, issue for the state
refunding bonds of the state for the purpose of refunding any or all of the bonds authorized
by the amendment then outstanding (including any refunding bonds that may have been previously
issued), whether such refunding shall occur before, at or after the maturity of the bonds
to be refunded. In the discretion of the corporation, refunding bonds may be issued in exchange
for such outstanding bonds or they may be sold and the proceeds thereof applied to the purchase,
redemption or payment of outstanding bonds. Refunding bonds to be sold pursuant hereto may
be issued in such principal amount or amounts as shall be determined by the corporation. Pending
the application of the proceeds of refunding bonds issued in accordance with this section,
such proceeds, together with investment income therefrom, 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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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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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...
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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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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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16-16B-8
Section 16-16B-8 (Implementation Conditioned on Separate Legislative Enactment.) Refunding
bonds. For the purpose of refunding any Bonds or Refunding Bonds of the Authority issued under
the provisions of this chapter, the 1965 Act, the 1971 Acts, the 1973 Act, the 1978 Act, the
1985 Act, the 1990 Act, the 1995 Act, the 1998 Act, the 1999 Act, the 2001 Act, the 2002 Act,
the 2003 Act, the 2007 Act or any other act previously enacted, or any combination thereof,
whether such refunding shall occur before, at or after the maturity of the Bonds refunded
and for the purpose of paying all premiums and expenses of such refunding (including, but
not limited to, attorneys' fees, costs of printing the Refunding Bonds, fiscal agents' fees,
and accountants' fees), the Authority is hereby authorized to sell and issue its Refunding
Bonds. Such Refunding Bonds may be sold and issued from time to time, at public sale, on sealed
bids and on such other terms and conditions as the Authority shall...
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23-6-9
Section 23-6-9 Disposition of bond proceeds; industrial access road and bridge construction
account; refunding bonds; contracts for construction, etc., of roads and bridges; performance
of work done without contract; property acquired by corporation; roads and bridges constructed
to be part of public highway system; appropriation for road and bridge construction. The proceeds
of all bonds, other than refunding bonds, issued by the corporation, remaining after paying
the expenses of their issuance, shall be turned into the treasury, shall be carried in a special
industrial access road and bridge construction account, and shall be available to be drawn
upon by the corporation, upon the approval of the State Department of Transportation and the
Governor, but solely for the purpose of constructing, reconstructing, and relocating industrial
access roads and bridges and work incidental or related thereto, including the acquisition
of property necessary therefor. Moneys on deposit in the...
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