22-23A-8
Section 22-23A-8 Bonds - Procedure for sale. The bonds and other evidences of indebtedness
of the authority may be sold at such time or times as the board of directors may deem advantageous.
The bonds shall be sold by competitive sale unless because of market conditions and/or credit
structures such a sale would be disadvantageous to the state. In the event such a determination
is made by the board of directors, the bonds shall be sold through a negotiated sale and the
managing underwriter(s) shall be selected based on criteria, which shall include but not be
limited to, experience, ability, responsiveness, and fee structure. Said criteria shall be
established by the board of directors and shall be included in a request for proposals for
the managing underwriter(s). Bonds sold at public sale shall be awarded to the bidder whose
bid reflects the lowest true interest cost to the authority for the bonds being sold, computed
to their respective absolute maturities; provided, that if no bid...
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33-16-12
Section 33-16-12 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $10,000,000.00. The bonds hereby authorized shall
be general obligations of the state, and the full faith and credit of the state are hereby
irrevocably pledged for the prompt and faithful payment of the principal of and the interest
on the bonds. The bonds may be sold from time to time as the board of directors may deem advantageous;
provided, that no bonds (other than refunding bonds) may be sold or issued unless the Governor
shall have first determined that the issuance of the bonds proposed to be issued will be necessary
to enable the authority to fulfill the requirements of local contribution, participation and
cooperation established by the United States in connection with the waterway project. Except
as hereinafter limited, the bonds may be executed and delivered at any time and from time
to time, may be in such forms, denominations, series...
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33-17-12
Section 33-17-12 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $10,000,000.00. The bonds hereby authorized shall
be general obligations of the state, and the full faith and credit of the state are hereby
irrevocably pledged for the prompt and faithful payment of the principal of and the interest
on the bonds. The bonds may be sold from time to time as the board of directors may deem advantageous;
provided, that no bonds (other than refunding bonds) may be sold or issued unless the Governor
shall have first determined that the issuance of the bonds proposed to be issued will be necessary
to enable the authority to fulfill the requirements of local contribution, participation and
cooperation established by the United States in connection with the waterway and the flood
control project. Except as hereinafter limited, the bonds may be executed and delivered at
any time and from time to time, may be in such forms,...
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33-12-5
Section 33-12-5 Powers, duties and functions. The powers, duties and functions of the agency
shall be as follows: (1) GENERALLY. The agency a. Shall have perpetual succession in its corporate
name. b. May sue and be sued in its corporate name. c. May adopt, use and alter a corporate
seal, which shall be judicially noticed. d. May enter into such contracts and cooperative
agreements with the federal, state and local governments, with agencies of such governments,
with private individuals, corporations, associations, trusts and other organizations as the
board may deem necessary or convenient to enable it to carry out the purposes of this chapter,
including the planned, orderly residential development of the area. e. May adopt, amend and
repeal bylaws. f. May appoint such managers, officers, employees, attorneys and agents as
the board deems necessary for the transaction of its business, fix their compensation, define
their duties, require bonds of such of them as the board may...
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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...
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22-29-9
Section 22-29-9 Bonds - Procedure for sale. The bonds of the authority may be sold at such
time or times as the board of directors may deem advantageous; but unless sold to a local
public body or to the United States of America or an agency of the United States of America,
such bonds shall be sold at public sale, either on sealed bids or at public auction, to the
bidder whose bid reflects the lowest net interest cost to the authority for the bonds being
sold, computed to their respective absolute maturities; provided, that if no bid acceptable
to the authority is received, it may reject all bids and readvertise; provided further, that
if no bid shall be received, the authority may negotiate for a private sale of the bonds.
Notice of any public sale shall be given by such publication or by such distribution of notices
of sale, or both, as the board of directors may determine. The authority may pay from the
proceeds of the sale of its bonds all expenses, including publication and...
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14-2-16
Section 14-2-16 Bonds - Sale. Bonds of the authority may be sold at such price or prices and
at such time or times as the board of directors of the authority may consider advantageous,
either at public sale or private sale. Bonds of the authority sold by competitive bid must
be sold, whether on sealed bids or at public auction, to the bidder whose bid reflects the
lowest effective borrowing cost to the authority for the bonds being sold; provided, that
if no bid acceptable to the authority is received, it may reject all bids. Notice of each
such sale by competitive bids shall be given by publication in either a financial journal
or a financial newspaper published in the City of New York, New York, and also by publication
in a newspaper published in the State of Alabama, each of which notices must be published
at least one time not less than 10 days before the date for the sale. The board of directors
may fix the terms and conditions under which such sale may be held; provided, that...
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22-34-8
Section 22-34-8 Sale of bonds. The bonds and other evidences of indebtedness of the authority
may be sold at such time or times as the board of directors may deem advantageous. The bonds
may be sold at private or public sale. Bonds sold at public sale shall be awarded to the bidder
whose bid reflects the lowest net interest cost to the authority for the bonds being sold,
computed to their respective absolute maturities; provided, that if no bid acceptable to the
authority is received, it may reject all bids and readvertise. Notice of any public sale shall
be given by such publication or by such distribution of notices of sale or both, as the board
of directors may determine subject to state law. The authority may pay from the proceeds of
the sale of its bonds all expenses, including publication and printing charges, attorney's
fees, financial advisory fees, and other expenses which the board of directors may deem necessary
or advantageous in connection with the authorization,...
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41-10-503
Section 41-10-503 Sale of bonds. Bonds of the authority may be sold at such price or prices
and at such time or times as the board of directors of the authority may consider advantageous,
at public or private sale. If bonds are to be sold by competitive bid on sealed bids or at
public auction, the bonds may be sold only to the bidder whose bid reflects the lowest effective
borrowing cost to the authority for the bonds being sold; provided, that if no bid acceptable
to the authority is received, it may reject all bids. Notice of each such sale by competitive
bids shall be given by publication in either a financial journal or a financial newspaper
published in the City of New York, New York, and also by publication in a newspaper published
in the State of Alabama, each of which notices must be published at least one time not less
than 10 days before the date fixed for such sale. The board of directors may fix the terms
and conditions under which such sale by competitive bids may be held;...
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41-10-313
Section 41-10-313 Price of bonds; competitive bidding; notice of sale; expenses of sale. Bonds
of the authority may be sold at such price or prices and at such time or times as the board
of directors of the authority may consider advantageous, at public or private sale. If bonds
are to be sold by competitive bid on sealed bids or at public auction, the bonds may be sold
only to the bidder whose bid reflects the lowest effective borrowing cost to the authority
for the bonds being sold; provided, that if no bid acceptable to the authority is received,
it may reject all bids. Notice of each such sale by competitive bids shall be given by publication
in either a financial journal or a financial newspaper published in the City of New York,
New York, and also by publication in a newspaper published in the State of Alabama, each of
which notices must be published at least one time not less than 10 days before the date fixed
for such sale. The board of directors may fix the terms and...
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