11-61A-13
Section 11-61A-13 Bonds. (a) The authority may issue and sell its interest-bearing revenue
bonds for any corporate purpose at any time or times. The principal of and the interest on
the bonds shall be payable solely from, and may be secured by a pledge of, the revenues derived
by the authority from the operation of any or all of its parking facilities and other property,
or by mortgage of any property of the authority. The bonds issued or contracts entered by
the authority shall not constitute or create an obligation, debt, or charge against the credit
or taxing power of the state, any county, or municipality within the state. (b) The board
may provide for each of the following regarding the bonds: (1) Issuance time or times. (2)
Form and denominations. (3) Tenor. (4) Payment installments, which shall be at a time or times
not exceeding 40 years from their date. (5) Place or places of payment, whether within or
without the state. (6) Interest rate or rates payable and evidenced in a...
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11-81-51
Section 11-81-51 Purposes for which bonds may be issued. All municipalities shall have
full and continuing power and authority within the limits of the Constitution now in effect
or that may be hereafter provided to issue and sell bonds (when such issue is authorized by
an election as provided in this article if such election is required by the Constitution,
but without an election if an election is not so required) for the following named purposes:
(1) For the purpose of constructing, reconstructing, enlarging or extending public buildings,
sewers, streets, alleys, bridges and public schoolhouses and buildings and of constructing
or acquiring by purchase or otherwise water, electric light, electric power and gas plants
and systems or any two or more such plants or systems combined, including transmission and
distribution systems, and of constructing enlargements and extensions to any such plants or
systems; (2) For the purchase of real estate necessary for any improvement authorized...
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16-16-8
Section 16-16-8 Authority empowered to sell and issue bonds for construction, etc.,
of facilities for public educational purposes; procedure for letting contracts. (a) The authority
is hereby authorized from time to time to sell and issue its bonds, not exceeding $116,000,000.00
in aggregate principal amount, for the purpose of providing funds for construction, reconstruction,
alteration and improvement of buildings and other facilities for public educational purposes
in the state, including the procurement of sites and equipment therefor, and for payment of
obligations incurred for any such purpose. The cost of construction, reconstruction, alteration
and improvement of any such buildings or other facilities shall be deemed to include fees
for services rendered by architects and building inspectors in connection therewith. (b) All
contracts involving the expenditure of any funds derived by a county or city board of education
under this chapter shall be let on competitive bids in the...
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37-5-3
Section 37-5-3 Purpose and general powers. A district shall be created for the purpose
of conducting and operating a utility and, to carry out such purpose, shall have power and
authority to acquire, construct, reconstruct, operate, maintain, extend or improve any utility
within or without the district and to furnish, deliver and sell to the public and to any municipality
and to the state and any public institution heat, light and power service and any other service,
commodity or facility which may be produced or furnished in connection therewith. For said
purposes the district is granted and shall have and exercise the right freely to use and occupy
any public highway, street, way or place reasonably necessary to be used or occupied for the
maintenance and operation of such utility or any part thereof, subject to such local regulations
as may be imposed in connection therewith by any regulations of the governing body of the
municipality in which such highway, street, way or place is...
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41-10-626
Section 41-10-626 Bonds of the authority. (a) General. The authority is authorized from
time to time to sell and issue its bonds in limited amounts and for the purpose of promoting
economic development and industrial recruitment as specified by the Legislature from time
to time by separate act, provided that refunding bonds may be issued by the authority pursuant
to Section 41-10-627 without first obtaining separate authorization from the Legislature.
(b) Sources of payment. Bonds issued by the authority shall be solely and exclusively an obligation
of the authority and shall not create an obligation or debt of the state. Such bonds shall
not be general obligations of the authority but shall be payable solely from one or more of
the following sources: (1) Appropriated funds. (2) The income or proceeds realized by the
authority under any mortgage or security granted to the authority. (3) Amounts derived from
any letter of credit, insurance policy, or other form of credit enhancement...
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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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16-16-9
Section 16-16-9 Execution, form, terms and conditions of bonds; sale; refunding bonds;
bonds to be limited obligations; security for payment; bonds as negotiable instruments; exemption
from taxation; bonds as security for deposits and for investment of fiduciary funds. (a) The
bonds of the authority shall be signed by its president and attested by its secretary, and
the seal of the authority shall be affixed thereto, and any interest coupons applicable to
such bonds shall be signed by the president; provided, that a facsimile of the signature of
one, but not both, of the said officers may be printed or otherwise reproduced on any such
bonds in lieu of his manually signing the same, a facsimile of the seal of the authority may
be printed or otherwise reproduced on any such bonds in lieu of being manually affixed thereto
and a facsimile of the president's signature may be printed or otherwise reproduced on any
such interest coupons in lieu of his manually signing the same. (b) Any bonds...
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41-4-400
Section 41-4-400 Division created; powers and duties; director. (a) There shall be established
within the Department of Finance the Division of Construction Management. The division shall
have full power and authority for, and on behalf of, the State of Alabama to do any or all
of the following: (1) To acquire lands by purchase, condemnation, or otherwise. (2) To plan
for the construction, repair, remodeling, enlargement, renovation, furnishing, refurnishing,
improvement, or relocation of buildings, structures, and facilities for state departments,
boards, bureaus, commissions, agencies, and offices. (3) To set policies, procedures, and
guidelines for the design, construction, renovation, equipment, furnishing, maintenance, and
improvement of all property now owned or hereafter acquired by the state or any institution
or agency thereof. (4) To construct, repair, equip, remodel, enlarge, renovate, furnish, refurnish,
improve, and locate buildings, structures, and facilities for the use...
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14-2-12
Section 14-2-12 Bonds - Authorization. (a) For the purpose of providing funds for the
acquisition of sites, for the construction, reconstruction, alteration and improvement of
facilities, for the procurement and installation of equipment therefor and for payment of
obligations incurred and the principal of and interest on any temporary loans made for any
of the said purposes, the authority is hereby authorized, from time to time, to sell and issue,
in addition to all bonds heretofore authorized to be issued by the authority, its bonds in
such aggregate principal amounts as may be determined by the corporation to be necessary for
the said purposes but not to exceed $25,000,000, plus an additional seven million five hundred
thousand dollars ($7,500,000) pursuant to Act 97-950, in aggregate principal amount. (b) In
addition to the authorization provided in subsection (a), the authority is hereby authorized,
from time to time, to sell and issue its bonds in amounts determined by the...
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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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