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33-13-12
Section 33-13-12 Bonds - Disposition of proceeds; investments. The authority shall pay
out of the proceeds from the sale of any of the bonds (other than refunding bonds) those expenses
which the board of directors may deem necessary or advantageous in connection with the sale
or issuance thereof. 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 treasury
of the State Docks Department, shall be carried in a special fund therein and shall be subject
to be drawn on by the State Docks Department, upon the approval of the authority, but solely
for the respective purposes for which they were authorized to be issued, viz., payment of
costs incurred in the development, construction, improvement, expansion and modernization
(or any of them) of the state docks facilities at the Port of Mobile, as the state facilities
may from time to time exist. The proceeds from the sale of any refunding...
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41-10-44.6
Section 41-10-44.6 Project obligations generally. (a) Issuance of project obligations.
The authority is authorized and empowered to issue its project obligations from time to time
for the purpose of financing one or more projects in such aggregate principal amount as the
board of directors shall determine to be necessary to provide for all or a portion of the
project costs of the project or projects being financed and to pay the expenses of issuing
the project obligations. (b) Source of payment. All project obligations issued by the authority
shall be limited obligations of the authority payable solely from any combination of the following:
(1) The revenues and receipts of the authority derived from the financing agreement or agreements
entered into by the authority with respect to the project or projects financed by such project
obligations; (2) the income or proceeds realized by the authority under any mortgage or other
security granted to the authority; (3) amounts derived from any...
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9-7A-2
Section 9-7A-2 Definitions. The following terms, whenever used in this chapter, shall
have the following respective meanings unless the context clearly indicates otherwise: (1)
COMMISSIONER. The Commissioner of the Department of Conservation and Natural Resources. (2)
ADMINISTRATOR. The director of the plans and programs of the Department of Conservation and
Natural Resources. (3) FUND. The Alabama Recreation Capital Development Assistance Fund. (4)
APPLICANT. Any county, or municipality; or state, county or municipal agency having legal
authority to hold title to real property, or any combination of the above named entities.
(5) RECREATIONAL LAND. Land and appurtenances thereto used for, or susceptible to recreational
use. (6) RECREATIONAL USE. Participation in or observation of outdoor activities by the general
public including, but not limited to, hunting, fishing, water sports, aerial sports, hiking,
camping, winter sports, animal or vehicular riding and any related activity. (7)...
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16-18B-6
Section 16-18B-6 Powers of authority. The corporation shall have the following powers:
(1) To have succession by its corporate name without time limit; (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; (3) To have and to use a corporate seal and to alter the same at
pleasure; (4) To acquire, provide, construct, improve, renovate, equip, and maintain, or transfer
to public institutions in the state, forensic sciences laboratories and educational facilities
for the provision of instruction and research in the field of forensic sciences; (5) To receive,
take and hold by sale, gift, lease, devise or otherwise, real and personal estate of every
description, and to manage the same; (6) To acquire by purchase, gift, or the exercise of
the power of eminent domain, or any other lawful means, and to transfer, convey or cause to
be conveyed to the state, any real, personal or mixed property necessary...
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16-60-197
Section 16-60-197 Additional vocational trade schools authorized. The State Board of
Education is hereby authorized, empowered and directed to establish and provide for the construction
of three new vocational trade schools in this state in addition to the trade schools heretofore
provided by law, to be located at such places as will make such schools conveniently accessible
to all areas of Alabama. The cost of constructing such schools shall be paid out of the proceeds
realized from any bonds issued and sold by the State Board of Education or any other authority
of this state for the purpose of financing the construction of public school buildings or
from any other funds made available for the construction of trade schools. The first $750,000.00
made available for expenditure on trade schools through the issuance and sale of bonds shall
be allocated to the State Board of Education for the purpose of acquiring land, constructing
buildings, reconstructing, altering and improving...
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11-89B-1
Section 11-89B-1 Public corporation given power to sell and issue bonds, to pledge for
payment proceeds, revenues, etc., and to issue bonds or notes for temporary borrowing. In
addition to all other powers now or hereafter granted by law, each public corporation organized
under the laws of the State of Alabama which is authorized by law (i) to operate a water system
consisting of land, plants, systems, facilities, buildings and other property, or any combination
of any thereof, which are used or useful or capable of future use in providing, furnishing,
supplying or distributing water and (ii) to borrow money for use for one or more of its corporate
purposes 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 such public corporation
in order to provide funds for any corporate function, use or purpose for which such public
corporation is otherwise authorized by law to borrow...
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16-65-6
Section 16-65-6 Bonds generally. (a) Issuance of bonds. The authority is authorized
and empowered to issue its bonds from time to time for the purpose of making equipment loans
to finance equipment costs incurred or to be incurred by educational institutions. Such bonds
may be in such aggregate principal amount as the board of directors shall determine to be
necessary to pay the equipment costs included in such financing. The authority may pay from
the proceeds of the sale of its bonds all expenses, including publication and printing charges,
attorneys' fees, financial advisory fees, and other expenses which the board of directors
may deem necessary or advantageous in connection with the authorization, advertisement, sale,
execution, and issuance of its bonds or the making of equipment loans from the proceeds thereof.
(b) Source of payment. All bonds issued by the authority shall be limited obligations of the
authority payable solely from any combination of the following: (1) The...
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22-21-333
Section 22-21-333 Exemptions from taxation. All properties of an authority, whether
real, personal or mixed, and the income therefrom, all securities issued by an authority and
the coupons applicable thereto and the income therefrom, and all indentures and other instruments
executed as security therefor, all leases made pursuant to the provisions of this article
and all revenues derived from any such leases, and all deeds and other documents executed
by or delivered to an authority shall be exempt from any and all taxation by the state, or
by any county, municipality or other political subdivision of the state, including, but without
limitation to, license and excise taxes imposed in respect of the privilege of engaging in
any of the activities in which an authority may engage. An authority shall not be obligated
to pay or allow any fees, taxes or costs to the judge of probate of any county in respect
of its incorporation, the amendment of its certificate of incorporation or the...
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22-23A-1
Section 22-23A-1 Definitions. The following words and phrases, whenever used in this
chapter, shall have the following respective meanings unless the context clearly indicates
otherwise: (1) 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
Water System Assistance Authority." (2) AUTHORIZING RESOLUTION. A resolution or order
adopted by the board of directors of the authority authorizing the issuance of bonds by the
authority pursuant to this chapter. (3) BOARD OF DIRECTORS. The board of directors of the
Alabama Water System Assistance Authority. (4) BONDS. The "Water System Assistance Bonds,"
notes or obligations or other evidences of indebtedness issued by the authority under the
provisions of this chapter. (5) BOND PROCEEDS. The direct proceeds of sale of bonds or notes,
and the income derived from the investment of such proceeds. (6) COMMUNITY WATER SYSTEM. A...
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23-2-153
Section 23-2-153 Exemptions from levy, charge, assessment, collection, etc., of certain
taxes; certificate of exemption. (a) The exercise of the powers granted by this article shall
be in all respects for the benefit of the people of the state, for the increase of their commerce
and prosperity, and for the improvement of their health and living conditions. Since the ownership,
operation, and maintenance of toll road, bridge, or tunnel projects by the authority will
constitute the performance of essential functions, the authority, department, and any concessionaire,
or any contractor, subcontractor, or agent thereof, shall not be required to pay the taxes
or assessments as specifically authorized in this section upon any toll road, bridge,
or tunnel project or any property acquired or used by the authority, department, or any concessionaire
under this article. (b) An income, excise, or license tax or assessment may not be levied
upon or collected in the state with respect to any...
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