11-61A-17
Section 11-61A-17 Refunding bonds. The authority may at any time and from time to time issue
refunding bonds for the purpose of refunding the principal of and the interest on any bonds
of the authority issued under this chapter and then outstanding. The refunding bonds may be
issued regardless if the principal and interest have matured at the time of the refunding.
The refunding bonds may be issued for the payment of any expenses incurred in connection with
the refunding and any premium necessary to be paid in order to redeem, retire, or purchase
for retirement the bonds to be refunded. The proceeds derived from the sale of any refunding
bonds shall be used only for the purposes for which the refunding bonds were issued. Any refunding
may be effected either by sale of the refunding bonds and the application of the proceeds,
or by exchange of the refunding bonds for the bonds or interest coupons to be refunded. The
holders of any bonds or coupons to be refunded shall not be compelled to...
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4-5-4
Section 4-5-4 Refunding warrants and certificates. Each such county may in like manner from
time to time issue refunding warrants and certificates, either by sale or by exchange, for
the purpose of refunding a like or greater principal amount of warrants and certificates then
outstanding, which were issued under the provisions of this chapter and the interest thereon,
and paying any premium necessary to be paid to retire the outstanding warrants and certificates
refunded thereby. The provisions of this chapter applicable to the warrants and certificates
so refunded shall likewise be applicable to such refunding warrants and certificates. (Acts
1955, No. 363, p. 881, §4.)...
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41-10-471
Section 41-10-471 Creation of fund for benefit of bonds. For the purpose of providing funds
for the payment of the principal of and interest on the bonds issued by the authority under
the provisions of this article, there is hereby created and irrevocably pledged to the payment
of such obligations a special and continuing trust fund which shall consist of all receipts
and income from rents contracted for and received by the authority under leases of the building
or buildings constructed or renovated with the proceeds from sale of the bonds and any other
income of the authority. (Acts 1990, No. 90-602, p. 1079, §22.)...
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41-10-64
Section 41-10-64 Special and continuing trust fund for payment of principal and interest on
bonds of authority and maintenance, etc., of facilities thereof. For the purpose of providing
funds for the payment of the costs and expenses necessary to accomplish the purpose of this
authority and for the payment of the principal of and interest on any bonds issued by the
authority under the provisions of this article, there is hereby created and irrevocably pledged
to the payment of such obligations a special and continuing trust fund which shall consist
of all revenues, receipts and income from rents contracted for and received by the authority
and all revenues, receipts and income received by the authority from any other source whatsoever.
There shall be created within said special and continuing trust fund a reserve fund account
of said authority in the State Treasury, in which shall be placed as a trust fund and held
separate and apart from all other moneys of the state or of the...
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41-10-759
Section 41-10-759 Pledge and appropriation of BP settlement revenue to pay bonds. There is
hereby irrevocably pledged and appropriated such amounts of the BP settlement revenues retained
in the special fund, and earnings thereon, as shall be necessary to pay the principal, interest,
and premium, if any, on the authority's bonds, to redeem such bonds prior to maturity if called
for redemption by the authority, and to pay the principal of, the interest, and premium, if
any, on any refunding bonds issued to refund such bonds. (Act 2016-469, 1st Sp Sess., §10.)...

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11-11A-3
Section 11-11A-3 Issuance of refunding warrants. Any county in the state of Alabama may from
time to time authorize, sell and issue refunding warrants for the purpose of refunding any
outstanding warrants theretofore issued under the provisions of this chapter (whether or not
the principal of the outstanding warrants to be refunded shall have matured at the time of
the issuance of the refunding warrants). Refunding warrants may not, however, be issued in
a principal amount that will result in the principal proceeds to be derived by the issuing
county therefrom exceeding the sum of (a) the outstanding principal of the warrants being
refunded, (b) the interest thereon accrued to the date of issuance of such refunding warrants,
(c) the interest to accrue on such outstanding warrants to their respective maturities or
to the earliest date on which they may, under their terms, be redeemed (whichever is earlier),
(d) any premium necessary to redeem or retire the outstanding warrants being...
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11-58-8
Section 11-58-8 Bonds - Security for payment of principal and interest; remedies upon default.
The principal of and interest on any bonds issued by a corporation organized under the authority
of this chapter shall be secured by a pledge of the rentals and other receipts of all or any
part of the medical clinic and its facilities financed in whole or in part with the proceeds
of such bond issue or with the proceeds of bonds refunded or to be refunded by such issue,
may be secured by a mortgage covering all or any part of the clinic from which the revenues
so pledged may be derived and may be secured by a pledge of the lease of such clinic. The
proceedings under which such bonds are authorized to be issued or any such mortgage may contain
any agreements and provisions customarily contained in instruments securing bonds, including,
without limiting the generality of the foregoing, provisions respecting the fixing and collection
of rents for any clinic or clinical facilities covered by...
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11-94-15
Section 11-94-15 Liability of authorizing subdivisions upon bonds, obligations and agreements
of authority; other actions by authorizing subdivisions to attain objectives of chapter. (a)
Neither of the authorizing subdivisions of an authority shall in any event be liable for the
payment of the principal of, interest and premium, if any, on any bonds of an authority or
for the performance of any pledge, assignment, indenture, obligation or agreement of any kind
whatsoever which may be undertaken by an authority and none of the bonds of an authority or
any of its agreements or obligations shall be construed to constitute an indebtedness of any
authorizing subdivision within the meaning of any constitutional or statutory provision whatsoever.
(b) For the purpose of attaining the objectives of this chapter, either of the authorizing
subdivisions, any other county or municipality of the state, and any other political subdivision,
public corporation, agency or instrumentality of the state or...
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23-1-311
Section 23-1-311 Bonds and notes - Source of funds; pledge of funds for payment of principal
and interest thereon; negotiability. (a) The obligations authorized by this article shall
not be general obligations of the authority, but shall be payable solely out of the funds
appropriated and pledged in or permitted to be pledged pursuant to Sections 23-1-314 and 23-1-315.
(b) As security for the payment of the principal of and interest on the obligations issued
by it under this article, the authority is hereby authorized and empowered to pledge for payment
of the principal and interest the funds that are appropriated and pledged in or permitted
to be pledged pursuant to Sections 23-1-314 and 23-1-315 for payment of principal and interest,
and to pledge all of such funds or only certain of such funds for payment of principal and
interest, all within the discretion of the authority. (c) Any notes or temporary bonds issued
under this article shall also be payable from the proceeds of any...
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41-10-655
Section 41-10-655 Debt service. There is hereby irrevocably pledged and appropriated such amount
of pledged revenues deposited in the special fund, and earnings thereon, as may be necessary
to pay and to redeem prior to their respective maturities the principal, interest and premium,
if any, on the bonds; provided, however that the bonds may not be issued in principal amounts
and maturities such that the debt service payable on such bonds may ever be greater than the
amounts permitted by Division 1. (Act 99-391, p. 641, §6.)...
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