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33-17-14
Section 33-17-14 Bonds - State Treasurer to pay principal and interest of bonds; records. Out
of any funds in the State Treasury that may be available for such purpose, the State Treasurer
is authorized and directed to pay the principal of and interest on the bonds at the respective
maturities of the said principal and interest, and he is further authorized and directed to
set up and maintain appropriate records pertaining thereto. (Acts 1967, No. 264, p. 746, §14.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-17-14.htm - 777 bytes - Match Info - Similar pages
23-1-316
Section 23-1-316 Payment by State Treasurer of principal and interest on bonds and notes; maintenance
of records pertaining thereto. Out of the revenues appropriated and pledged and the sinking
fund provided pursuant to Sections 23-1-314 and 23-1-315, the State Treasurer is authorized
and directed to pay the principal of and interest on the obligations issued by the authority
under this article at the respective maturities or due dates of said principal or interest,
and he is further authorized and directed to set up and maintain appropriate records pertaining
thereto. (Acts 1976, No. 565, p. 764, §18.)...
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41-10-370
Section 41-10-370 Payment of principal and interest on bonds and maintenance of records pertaining
thereto by State Treasurer. Out of the revenues appropriated and pledged in Section 41-10-365
of this article, the State Treasurer is authorized and directed to pay the principal of and
interest on the bonds at the respective maturities of the said principal and interest, and
he is further authorized and directed to set up and maintain appropriate records pertaining
thereto. In the event that the State Treasurer designates any bank as the paying agent with
respect to any bonds, the State Treasurer shall make available to such bank, not later than
one business day prior to the date on which any principal of or interest on such bonds is
due and payable, funds sufficient to pay such principal and interest due on such date. (Acts
1988, No. 88-475, p. 739, §21.)...
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22-3A-22
Section 22-3A-22 Payment by State Treasurer authorized; records. Out of the revenues appropriated
and pledged in or pursuant to Section 22-3A-16, the State Treasurer is authorized and directed
to pay the principal of and the interest and premium (if any) on the bonds on the respective
due dates of such principal, interest and premium (if any), and he is further authorized and
directed to set up and maintain appropriate records pertaining thereto. (Acts 1990, No. 90-598,
§22.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-22.htm - 788 bytes - Match Info - Similar pages
16-16B-6
Section 16-16B-6 (Implementation Conditioned on Separate Legislative Enactment.) Appropriation
of revenues to the authority; pledge thereof for. For the purpose of providing for payment
of the principal, premium (if any), and interest on the Bonds, and to accomplish the objectives
of this chapter, there is hereby irrevocably pledged to those purposes, and hereby appropriated,
such amount as may be necessary therefor from the following sources: (a) The residue of the
receipts from the excise tax ("the utility gross receipts tax") levied by Title
40, Chapter 21, Article 3, as amended ("Article 3"), remaining after payment of
the expenses of administration and enforcement of Article 3, being that portion of the tax
that is required by Article 3 to be deposited in the State Treasury to the credit of the Trust
Fund, after there shall have been taken from the residue the amount necessary to pay at their
respective maturities the principal of and interest on those bonds issued by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16B-6.htm - 5K - Match Info - Similar pages
16-16A-7
Section 16-16A-7 Additional findings; bonds authorized; procedures. (a) The Legislature finds
that the number of students attending the several school systems located in those areas of
North Alabama that will be directly impacted by the 2005 BRAC and Subsequent BRAC Actions
will collectively increase by an estimated 9,000 students. As a result, there will be a need
for the construction of additional school facilities as well as the renovation of existing
school facilities. The Legislature also finds that the 2005 BRAC and Subsequent BRAC Actions
will have a positive impact on future receipts to the Education Trust Fund, as the significant
population growth in North Alabama will increase sales, income, and other tax collections.
Thus, it is an efficient use of state funds to allow such revenue growth to help pay for capital
improvement costs associated with BRAC-related school construction. (b) The Alabama Public
School and College Authority is hereby authorized to sell and issue its...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-16A-7.htm - 24K - Match Info - Similar pages
33-2-8
Section 33-2-8 General provisions relative to inland waterways improvement bonds and temporary
loans. In order to provide funds for the purposes herein authorized, the Governor is hereby
empowered to execute, with the concurrence of the director of state docks, and to sell the
state's bonds in such amounts, not exceeding in the aggregate the sum of $3,000,000.00 as
may be necessary for said purposes, all under and subject to the following provisions: Said
bonds shall be appropriately designated as inland waterways improvement bonds of the state.
The bonds may be issued from time to time in one or more series and the bonds of each series
shall be payable in substantially equal annual installments of principal and interest at such
times as may be designated by the State Docks Department with approval of the Governor; provided,
that the first installment of principal of the bonds of each series must mature not later
than 10 years from the date of such series and the last installment of...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages
23-7-20
Section 23-7-20 Securing of bonds - Trust indenture. (a) Bonds may be secured by a trust indenture
between the bank and a corporate trustee, which may be the State Treasurer or any bank having
trust powers or any trust company doing business in this state. A trust indenture may contain
provisions for protecting and enforcing the rights and remedies of the bondholders which are
reasonable and proper, including covenants setting forth the duties of the bank in relation
to the exercise of its powers and the custody, safekeeping, and application of its money.
The bank may provide by the trust indenture for the payment of the proceeds of the bonds and
all or any part of the revenues of the bank to the trustee under the trust indenture or to
some other depository, and for the method of its disbursement with safeguards and restrictions
prescribed by it. All expenses incurred in performing the obligations of the bank under the
trust indenture may be treated as part of its operating expenses....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-7-20.htm - 3K - 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...
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