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11-50A-9
Section 11-50A-9 Issuance of bonds; prerequisites; procedure; provisions; execution;
bond resolution covenants. (a) The authority shall, prior to the adoption by the board of
a resolution authorizing the issuance of any bonds, enter into one or more contracts with
two or more municipalities which are authorized to contract with the authority pursuant to
Section 11-50A-17. Any resolution of the board authorizing the issuance of bonds may
authorize those bonds to be issued in more than one series, and the issuance of each series
of bonds so authorized by that resolution need not be preceded by the entering into by the
authority of additional contracts pursuant to Section 11-50A-17. (b) The board may
by resolution or resolutions authorize the issuance of bonds. Unless otherwise provided therein,
the resolution or resolutions shall take effect immediately and need not be published or posted.
The board may authorize such types of bonds as it may determine, subject only to any agreement
with...
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11-97-9
Section 11-97-9 Bonds of corporation generally. (a) Any corporation shall have the power
to issue, sell and deliver at any time and from time to time its bonds in such principal amount
or amounts as its board shall determine to be necessary to provide sufficient funds for achieving
any of its corporate purposes, including the payment of interest on any of its bonds, the
establishment of reserves to secure any such bonds and all other expenditures of such corporation
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
corporation shall also have the power to issue from time to time bonds to renew bonds and
bonds to pay bonds, including interest thereon and, whenever it deems refunding expedient,
to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or
have not matured, and to issue bonds partly to refund bonds then outstanding and partly for
any other of its corporate purposes. (b) The bonds issued by any...
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22-3A-2
Section 22-3A-2 Definitions. The following words and phrases used in this chapter, unless
the context clearly indicates otherwise, shall have the following respective meanings: (1)
AUTHORITY. The public corporation organized pursuant to the provisions of this chapter. (2)
BONDS. The bonds issued under the provisions of this chapter. (3) COUNTY BOARD(S) OF HEALTH.
County board(s) of health provided for in Chapter 3 of Subtitle 1 of Title 22. (4) DIRECTORS.
The board of directors of the authority. (5) GOVERNMENT SECURITIES. Any bonds or other obligations
which as to principal and interest constitute direct obligations of, or are unconditionally
guaranteed by, the United States of America, including obligations of any federal agency to
the extent such obligations are unconditionally guaranteed by the United States of America
and any certificates or any other evidences of an ownership interest in such obligation of,
or unconditionally guaranteed by, the United States of America or in...
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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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8-6-110
Section 8-6-110 Definitions. The following words and phrases, as used in this article,
shall have the following meanings: (1) AUTHORIZING ACT. Any of the following statutes or acts:
a. Any of the following sections, as amended: Section 11-20-1 et seq., relating to
industrial revenue bonds to be issued by counties; Section 11-54-20 et seq., relating
to industrial revenue bonds to be issued by municipalities; Section 11-54-80 et seq.,
relating to industrial revenue bonds to be issued by municipal industrial development boards;
Section 11-58-1 et seq., relating to industrial revenue bonds to be issued by municipal
medical clinic boards, Section 22-21-170 et seq., relating to industrial revenue bonds
to be issued by county and municipal hospital authorities; and Section 11-20-30 et
seq., relating to industrial revenue bonds to be issued by county industrial development boards.
b. The following acts of the Alabama Legislature: Act No. 4, enacted at the 1956 Second Special
Session of 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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11-62-1
Section 11-62-1 Definitions. (a) The following words and phrases used in this chapter,
and others evidently intended as the equivalent thereof, shall, in the absence of clear implication
herein otherwise, be given the following respective interpretations herein: (1) AUTHORITY.
Any public corporation organized pursuant to this chapter. (2) AUTHORIZED PURPOSE OBLIGATION.
The term includes either of the following: a. Any lease, note, installment sale contract,
or any other obligation of a user, whether general or special, which was entered into, made,
assumed, or otherwise incurred by the user, in whole or in part, for the purpose of financing
the acquisition or ownership of one or more facilities, for the purpose of obtaining funds
with which to operate one or more facilities or for any combination of those purposes. b.
Any obligation of any kind which was entered into, made, assumed, or otherwise incurred by
the United States of America or any department, agency, or instrumentality...
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11-47-210.1
Section 11-47-210.1 Legislative findings and declarations. The Legislature finds and
declares all of the following: (1) Through this article, the Legislature has (i) granted to
each municipality in the state, acting either individually or in cooperation with one or more
other municipalities, the power to acquire, operate, manage, and control parks, playgrounds,
and other recreational or athletic facilities and to authorize the organization of an authority,
as a public corporation, to act on behalf of the municipality or municipalities in providing
for the ownership and management of parks, playgrounds, and other recreational or athletic
facilities, (ii) provided for the organization of the authorities, and (iii) specified certain
powers to be enjoyed by such an authority. (2) In order to facilitate the accomplishment of
the legislative objectives reflected in this article and to provide for a greater degree of
mutual cooperation among separate political subdivisions, it is necessary,...
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41-10-275
Section 41-10-275 Terms and conditions of leasing by authority. The authority, as lessor,
and the Unified Judicial System, as lessee (acting by and through the Chief Justice or his
designee) are hereby authorized to enter into a lease or leases for the use and occupancy
of the judicial facilities constructed by the authority under the provisions of this article
by the Unified Judicial System, including the Supreme Court, the Court of Criminal Appeals,
the Court of Civil Appeals, the State Law Library and the Administrative Office of Courts.
Such lease or leases may commence, at the discretion of the authority and the lessee, at such
time as the judicial facilities are completed and available for occupancy or at such time
as the site for such judicial facilities is made available for construction of the judicial
facilities. The responsibilities for control, management and maintenance of the judicial facilities
shall be, and any lease entered by the authority, as lessor, shall provide...
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16-18A-2
Section 16-18A-2 Definitions. As used in this chapter, the following words and terms
shall have the following meanings unless the context clearly indicates otherwise: (1) AUTHORITY.
The Private Colleges and Universities Facilities Authority created by this chapter and any
successor or successors thereto. Any change in name or composition of the authority shall
in no way affect the vested rights of any person under the provisions of this chapter. (2)
PROJECT. A structure or structures available for use as a dormitory or other student housing
facility, a dining hall, student union, administration building, academic building, library,
laboratory, research facility, classroom, athletic facility, health care facility, maintenance,
storage or utility facility and other structures or facilities related thereto or required
or useful for the instruction of students or the conducting of research or the operation of
an institution of higher education, whether proposed, under construction or...
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