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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14-2-20
Section 14-2-20 Bonds - Investment of proceeds. Any portion of the principal proceeds derived
from the sale of the bonds which the board of directors of the authority may determine is
not then needed for any of the purposes for which the bonds are authorized to be issued shall,
on order of the authority, be invested by the State Treasurer in any securities which are
direct and general obligations of the United States of America or the principal of and interest
on which are unconditionally and irrevocably guaranteed by the United States of America. Any
such securities may, at any time and from time to time on order of the authority, be sold
or otherwise converted by the State Treasurer into cash. The income derived from any such
investments shall be disbursed on order of the authority for any purpose for which it may
lawfully expend funds. (Acts 1965, No. 678, p. 1226, §15.)...
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16-65-4
Section 16-65-4 Creation of authority; members, organization, etc. There is hereby created
a public body corporate and politic to be known as Alabama Higher Education Equipment Loan
Authority. The authority shall not be a state institution nor a department or agency of the
state, but shall be an instrumentality of purely public charity performing an essential governmental
function, being a distinct corporate entity. The Governor shall be the president of the authority,
the State Treasurer shall be the vice president thereof, and the Director of Finance shall
be the secretary thereof. The State Treasurer shall be treasurer thereof, shall act as custodian
of its funds, and shall pay the principal of and interest on the bonds of the authority out
of the funds hereinafter provided for. The members of the authority shall constitute all the
members of the board of directors of the authority, and any two members of the board of directors
shall constitute a quorum for the transaction of...
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23-7-20
Section 23-7-20 Securing of bonds - Trust indenture. (a) Bonds may be secured by a trust indenture
between the bank and a corporate trustee, which may be the State Treasurer or any bank having
trust powers or any trust company doing business in this state. A trust indenture may contain
provisions for protecting and enforcing the rights and remedies of the bondholders which are
reasonable and proper, including covenants setting forth the duties of the bank in relation
to the exercise of its powers and the custody, safekeeping, and application of its money.
The bank may provide by the trust indenture for the payment of the proceeds of the bonds and
all or any part of the revenues of the bank to the trustee under the trust indenture or to
some other depository, and for the method of its disbursement with safeguards and restrictions
prescribed by it. All expenses incurred in performing the obligations of the bank under the
trust indenture may be treated as part of its operating expenses....
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26-16-30
Section 26-16-30 Creation of fund; purpose; investment; disposition. (a) The Children's Trust
Fund is created as a separate fund in the State Treasury. The function of the Children's Trust
Fund shall be to serve as a permanent trust pursuant to Section 26-16-8, and as an investment
account for the earnings and funds received by the Child Abuse and Neglect Prevention Board
pursuant to Sections 26-16-8, 26-16-31, and 26-16-30(e). (b) The State Treasurer shall credit
to the trust fund all amounts appropriated for this purpose under this article and any amounts
received under Section 26-16-8. (c) The State Treasurer shall invest trust fund money in the
same manner as funds are invested pursuant to Section 16-33C-6. Earnings shall be credited
to the trust fund. (d) A separate revenue trust account in the State Treasury is created to
be known as the Child Abuse and Neglect Prevention Board Operations Fund which shall serve
as the administrative fund for the Children's Trust Fund and the...
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33-2-11
Section 33-2-11 Faith and credit of state pledged to payment of bonds. For the payment of both
the principal and interest of all bonds issued under the authority of this article according
to their tenor, the full faith and credit of the State of Alabama is hereby pledged. If the
funds supplied by the Alabama State Docks Department to the State Treasurer from the sources
prescribed by this article are insufficient to fully pay at maturity any installment of interest
on said bonds or to pay at maturity the principal of said bonds, then the deficiency shall
be paid by the State Treasurer from any funds in the state treasury not otherwise appropriated.
(Acts 1957, No. 311, p. 408, §11.)...
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36-18-7
Section 36-18-7 Alabama Forensic Services Trust Fund - Additional fee for persons convicted
of drug possession, sale, trafficking; proceeds and earnings credited to fund. (a) Beginning
October 1, 1995, in addition to all fines, fees, costs, and punishments prescribed by law,
there shall be imposed or assessed an additional fee of one hundred dollars ($100) on any
conviction in any court of the state for drug possession, drug sale, drug trafficking, and
drug paraphernalia offense as defined in Sections 13A-12-211 to 13A-12-260, inclusive. (b)
No later than 30 days after collection, proceeds from the additional fines collected pursuant
to this section shall be forwarded by the officer of the court that collects the fines to
the State Treasurer after one percent of the fine is deducted for administrative costs. All
amounts received by the State Treasurer shall be credited to the Alabama Forensic Services
Trust Fund. The State Treasurer shall invest money in the fund as provided by law,...
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41-10-276
Section 41-10-276 Investment of proceeds from sale of bonds; disposition of investment income.
Any portion of the principal proceeds derived from the sale of the bonds which the board of
directors may determine is not then needed for any of the purposes for which the bonds are
authorized to be issued shall, on order of the authority, be invested by the State Treasurer
in permitted investments which mature at such time or times as the authority shall direct.
Any such investments may, at any time and from time to time on order of the authority, be
sold or otherwise converted by the State Treasurer into cash. The income derived from any
such investments shall be disbursed on order of the authority for any purpose for which it
may lawfully expend funds. (Acts 1986, No. 86-420, p. 627, §17.)...
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41-10-31
Section 41-10-31 Payment of principal and interest on bonds and maintenance of records pertaining
thereto by State Treasurer. Out of the revenues appropriated and pledged in Section 41-10-30,
the State Treasurer is hereby authorized and directed to pay the principal of and interest
on the bonds issued by the authority under the provisions of this article, as said principal
and interest shall respectively mature, and the State Treasurer is further authorized and
directed to set up and maintain appropriate records pertaining thereto. (Acts 1965, No. 662,
p. 1187, §12.)...
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41-10-463
Section 41-10-463 Investment of proceeds from sale of bonds. Any portion of the principal proceeds
derived from the sale of the bonds which the board of directors of the authority may determine
is not then needed for any of the purposes for which the bonds are authorized to be issued
shall, on order of the authority, be invested by the State Treasurer in permitted investments.
Any such securities may, at any time and from time to time on order of the authority, be sold
or otherwise converted by the State Treasurer into cash. The income derived from any such
investments shall be disbursed on order of the authority for any purpose for which the authority
may lawfully expend funds. (Acts 1990, No. 90-602, p. 1079, §14.)...
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