41-29-505
Section 41-29-505 Deposit and investment of and disbursements from bond proceeds. (a)
The proceeds of all bonds, other than refunding bonds, issued by the authority remaining after
paying expenses of their issuance, shall be deposited in the state treasury and shall be carried
in the state treasury in a special or separate account or accounts. Such funds shall be subject
to be drawn upon by the authority, but any funds so withdrawn shall be used solely for the
purposes for which the bonds were issued as authorized in this article. (b) The state treasurer,
with the approval of the secretary of the authority, shall invest funds not needed by the
authority within the ensuing thirty days for any purpose for which they are held, which investments
shall be made in the manner authorized and provided for in Section 36-17-18. The state
treasurer and the authority may apply so much as may be necessary from the earnings on said
investments toward satisfaction of the arbitrage rebate requirements...
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16-16-10
Section 16-16-10 Disposition of proceeds of bonds. (a) The proceeds of all bonds, other
than refunding bonds, issued by the authority remaining after paying expenses of their issuance
shall be deposited in the State Treasury and shall be carried in the State Treasury in a special
or separate account. Said expenses shall be deducted from that portion of the said proceeds
allocated in subsection (o) of this section. Such remaining funds shall be subject
to be drawn upon by the authority with the approval of the secretary of the authority and
the Governor, but any funds so withdrawn shall be used solely for the purpose of financing
the construction, reconstruction, alteration, improvement and equipment of buildings and other
facilities for public educational purposes, including the cost of architectural services therefor
and services rendered by building inspectors for periodic and final inspections thereof, and
for acquiring sites therefor, in accordance with the provisions of this...
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16-60-93
Section 16-60-93 Deposit of and disbursements from proceeds of bonds. The proceeds of
all bonds, other than refunding bonds, issued by the authority remaining after paying expenses
of their issuance shall be deposited in the State Treasury and shall be carried in the State
Treasury in a special or separate account. Such funds shall be subject to be drawn upon by
the authority and shall be used solely for the purposes for which the bonds were issued as
authorized in this article. (Acts 1963, 2nd Ex. Sess., No. 93, p. 259, §13.)...
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16-18B-13
Section 16-18B-13 Refunding bonds. Pursuant to the provisions of the aforesaid amendment
and this article, the corporation may, at any time and from time to time, issue for the state
refunding bonds of the state for the purpose of refunding any or all of the bonds authorized
by the amendment then outstanding (including any refunding bonds that may have been previously
issued), whether such refunding shall occur before, at or after the maturity of the bonds
to be refunded. In the discretion of the corporation, refunding bonds may be issued in exchange
for such outstanding bonds or they may be sold and the proceeds thereof applied to the purchase,
redemption or payment of outstanding bonds. Refunding bonds to be sold pursuant hereto may
be issued in such principal amount or amounts as shall be determined by the corporation. Pending
the application of the proceeds of refunding bonds issued in accordance with this section,
such proceeds, together with investment income therefrom, and...
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2-5A-35
Section 2-5A-35 Refunding bonds. (a) Any bonds issued by the Department of Agriculture
and Industries pursuant to this article may from time to time thereafter be refunded by the
issuance of refunding bonds of the Department of Agriculture and Industries; provided, however,
that no refunding bonds shall be issued unless the present value of all debt service on the
refunding bonds, computed with a discount rate equal to the true interest rate of the refunding
bonds and taking into account all underwriting discount and issuance expenses, shall not be
greater than 97 percent of the present value of all debt service on the bonds to be refunded,
computed using the same discount rate and taking into account the underwriting discount and
other issuance expenses originally applicable to such bonds, determined as if such bonds to
be refunded were paid and retired in accordance with the schedule of maturities, considering
mandatory redemption as a scheduled maturity, provided at the time of...
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41-10-506
Section 41-10-506 Disposition of proceeds of bonds. (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 by him 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) Paying all reasonable and
necessary expenses incidental thereto, including filing, recording, surveying, legal and engineering
fees and expenses; (3) 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 six months after the completion thereof; and (4) Paying the principal of and
interest on all then outstanding notes theretofore issued by the authority...
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41-10-270
Section 41-10-270 Use of proceeds from sale of bonds. All proceeds derived from the
sale of any bonds (except refunding bonds) 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 of the State Treasury to the credit of the authority, and shall be subject
to be drawn on by the authority solely for the purposes of funding any required reserve fund,
acquiring, constructing, installing and equipping judicial facilities and paying all reasonable
and necessary expenses incidental thereto, including interest which shall accrue on said bonds
during the construction of said judicial facilities. Any balance of said proceeds thereafter
remaining shall, upon completion of said judicial facilities and the payment of all costs
in connection therewith, be used for the redemption of bonds of the authority at the earliest
permissible date. (Acts 1986, No. 86-420, p. 627, §11.)...
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41-10-364
Section 41-10-364 Proceeds of bonds, other than refunding bonds; special fund to pay
costs of acquisition, construction, etc., of mental health facilities; such work supervised
by Building Commission; such work subject to competitive bidding; disposition of moneys remaining.
The proceeds of the bonds, other than refunding bonds, remaining after paying the expenses
of their sale and issuance shall be turned into the State Treasury, shall be carried in a
special fund to be designated the Mental Health Facilities Building Fund, and shall be subject
to be drawn on by the authority for the purpose of paying costs of acquisition, construction,
improvement and equipping of mental health facilities in the state. For the purposes of this
article, the improvement of a facility shall be deemed to include the renovation, modernization,
remodeling, and equipment thereof and the construction of additions thereof, and the construction
of a facility shall be deemed to include the acquisition of real...
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41-10-468
Section 41-10-468 Use of proceeds from sale of bonds. 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 and the funding of any required reserve or replacement fund
shall be turned over to the State Treasurer, shall be carried by the State Treasurer 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 constructing, renovating, reconstructing, improving,
altering, adding to, demolishing, and equipping one or more public office buildings (including
the State Capitol), surfacing and resurfacing of land for parking and other uses to produce
revenue, and all reasonable and necessary expenses incidental thereto, including interest
which shall accrue on said bonds during the construction, renovation, reconstruction, improvement,
alteration, addition, demolition, and equipping of said buildings, surfacing and...
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33-16-13
Section 33-16-13 Bonds - Disposition of proceeds; investments. The authority shall pay
out of the proceeds from the sale of any of the bonds all expenses which the board of directors
may deem necessary or advantageous in connection with the sale and issuance of the bonds.
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 State Treasury, shall be
carried in a special fund to be designated the Coosa Valley Development Authority fund, and
shall be subject to be drawn on by the authority, upon approval by the Governor, but solely
for the purpose of discharging the duties and obligations undertaken by the authority in connection
with the waterway project. The proceeds from the sale of any refunding bonds remaining after
the expense of their issuance shall be used only for the purpose of refunding the principal
of outstanding bonds issued hereunder and of paying any premium that may be...
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