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14-2-19
Section 14-2-19 Bonds - Disposition of proceeds. (a) All proceeds derived from the sale
of any bonds, except refunding bonds, sold by the authority, remaining after payment of the
expenses of issuance thereof, shall be turned over to the State Treasurer, shall be carried
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: (1) Acquiring land for and constructing, reconstructing
and equipping thereon one or more facilities; (2) Constructing additional improvements on
property currently owned by the Department of Corrections or the authority in order to provide
for additional bedspace; (3) Paying all reasonable and necessary expenses incidental thereto,
including filing, recording, surveying, legal and engineering fees and expenses; (4) Paying
the interest which will accrue on the said bonds during the period required for the construction
and equipment of the said facilities and for a period not exceeding...
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41-10-516
Section 41-10-516 Special funds. For the purpose of providing funds for the payment
of the principal of and interest on the bonds issued by the authority under the provisions
of this article, there is hereby created and irrevocably pledged to the payment of such obligations
a special and continuing trust fund which shall consist of all receipts and income from rents
contracted for and received by the authority under leases of the facility or facilities constructed
with the proceeds from the sale of the bonds. There shall be created within said special and
continuing trust fund a reserve fund account of said authority in the State Treasury in which
shall be placed as trust fund and held separate and apart from all other moneys of the state
or of the authority, (1) any moneys left after the completion of the facility and the payment
of all costs in connection therewith and in connection with the issuance of the bonds, and,
(2) all excess rentals and other surplus income from the facility...
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41-10-36
Section 41-10-36 Definitions. Unless the context requires otherwise, the terms defined
in this section shall have the following meanings for purposes of this division: (1)
AFFECTED BOND. Any obligation or portion thereof which is required under the terms of the
code to receive an allocation of the state ceiling as a condition for the exclusion of interest
on such obligation from the gross income of the recipient thereof for federal income tax purposes.
(2) ALLOCATION. An allocation of a portion of the state ceiling issued by the authority pursuant
to the provisions of this division. (3) APPLICATION. An application for an allocation, submitted
by an issuer under the provisions of this division. (4) APPLICATION FOR CARRYFORWARD ALLOCATION.
Any application filed with the authority seeking an elective carryforward of unused limitation
for a "carryforward purpose" as defined in Section 146(f)(5) of the code.
(5) AUTHORITY. The State Industrial Development Authority, a public corporation of...
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22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this
chapter, shall have the following respective meanings unless the context clearly indicates
otherwise: AUTHORITY. The corporation organized pursuant to the provisions of this chapter
as a public corporation, agency and instrumentality of the state and known as the "Alabama
Drinking Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other
proceedings adopted by the board of directors of the authority authorizing the issuance of
bonds, agreements and related matters. BOARD OF DIRECTORS. The board of directors of the authority.
BOND PROCEEDS. The net proceeds of sale of bonds or notes, and the income derived from the
investment of such proceeds. BONDS. The bonds, notes or obligations or other evidences of
indebtedness issued by the authority under the provisions of this chapter. DEPARTMENT. The
Alabama Department of Environmental Management or any successor. FEDERAL ACT. The Act of...
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22-3A-19
Section 22-3A-19 Certain public health facilities as primary obligation of authority;
reimbursement to counties; refinancing or refunding of obligations. (a) As its primary obligation
under this chapter, the authority shall, subject to the provisions of subsection (c) of this
section, expend the net proceeds derived from the sale of the bonds herein provided
(other than refunding bonds), together with the income from the investment of such proceeds,
for the purpose of paying the costs of acquiring, constructing, improving and equipping public
health facilities in the following locations and in the following amounts: County Municipality
or Locality Total Autauga Prattville $8,318 Baldwin Bay Minette 556,649 Baldwin Fairhope 619,694
Baldwin Foley 542,375 Barbour Clayton 122,267 Barbour Eufaula 559,930 Bibb Centreville 739,481
Blount Oneonta 383,936 Bullock Union Springs 549,960 Butler Greenville 683,291 Calhoun Anniston
2,000,000 Chambers LaFayette 531,844 Chambers Valley 170,723...
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45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other
powers now or hereafter granted by law, the authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by
the Jackson County Commission which are required by law to be deposited to the credit of the
Jackson County Water Authority. c. The revenues derived from any water, sewer, or garbage
system or facility of the authority. (2) To pledge for payment of any bonds issued...
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22-27-22
Section 22-27-22 Authority of counties to issue and sell warrants; full faith and credit
of county pledged to payment; restrictions on use of proceeds. Each county shall have the
power from time to time to sell and issue interest-bearing warrants of such county for the
purpose of paying costs to that county of acquiring and providing solid wastes collection
and disposal facilities. Such warrants may be in such denomination or denominations, may have
such maturity or maturities not exceeding 30 years from their date, may bear interest from
their date at such rate or rates payable at such times, may be payable at such place or places
within or without the state, may be sold at such time or times and in such manner, whether
publicly or privately, may be executed in such manner and may contain such terms not in conflict
with the provisions of this article, all as the county commission of such county may provide
in the proceedings wherein the warrants are authorized to be issued. All such...
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24-1A-2
Section 24-1A-2 Definitions. The following words and phrases used in this chapter, and
others evidently intended as the equivalent thereof, shall, in the absence of clear implication
otherwise, have the following respective meanings: (1) AUTHORITY. The public corporation and
instrumentality of the state organized pursuant to the provisions of this chapter. (2) AUTHORIZED
INVESTMENTS. Bonds or other obligations of, or guaranteed by, the United States of America
or the state; interest bearing bank and savings and loan association deposits; obligations
of any agency of the United States of America; any obligations in which a state chartered
savings and loan association may invest its funds; any agreement to repurchase any of the
foregoing; or any combination thereof. (3) BOARD OF DIRECTORS. The board of directors of the
authority. (4) BONDS. Bonds or other securities representing an obligation to pay money. (5)
ELIGIBLE HOUSING UNIT. Real and personal properties located in the state...
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24-1-6
Section 24-1-6 Establishment of rentals and tenant selection in low rent housing projects.
(a) It is declared to be the policy of this state that each housing authority shall manage
and operate its low rent housing projects in an efficient manner so as to enable it to fix
the rentals for dwelling accommodations at the lowest possible rates consistent with its providing
decent, safe, and sanitary dwelling accommodations for persons of low income, and that no
housing authority shall construct or operate any such project for profit, or as a source of
revenue of the city or town. To this end a housing authority shall fix the rentals for such
dwellings in its low rent housing projects at no higher rates than it shall find to be necessary
in order to produce revenues which, together with all other available moneys, revenues, income,
and receipts of such authority from whatever sources derived, including federal financial
assistance necessary to maintain the low rent character of the...
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41-10-456
Section 41-10-456 Powers of authority. The authority shall have the following powers
among others specified in this article: (1) to have succession by its corporate name until
dissolved as provided in this article; (2) to sue and be sued and to prosecute and defend,
at law or in equity, in any court having jurisdiction of the subject matter and of the parties
thereto; (3) to have and to use a corporate seal and to alter the same at pleasure; (4) to
make and alter all needful bylaws, rules and regulations for the transaction of the authority's
business and the control of its property and affairs; (5) to establish a fiscal year; (6)
to provide for the construction, renovation, reconstruction, improvement, alteration, addition,
demolition, equipment, operation and maintenance of public office building facilities (including
the State Capitol), surfacing and resurfacing of land for parking and other uses to produce
revenue and for the procurement of sites and equipment for such facilities;...
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