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22-21-149
Section 22-21-149 Bonds - Use of proceeds. (a) The proceeds derived from the sale of
any bonds sold by the authority, other than refunding bonds, shall be used only to pay the
cost of acquiring, constructing, improving, enlarging and equipping one or more projects,
as may be provided in the proceedings in which the bonds are authorized to be issued. Such
cost shall be deemed to include the following: (1) The cost of any land forming a part of
such project or projects; (2) The cost of the labor, materials and supplies used in any such
construction, improvement or enlargement, including architect's and engineer's fees and the
cost of preparing contract documents and advertising for bids; (3) The purchase price of,
and the cost of, installing equipment for such project or projects; (4) The cost of landscaping
the lands forming a part of such project or projects and of constructing and installing roads,
sidewalks, curbs, gutters, utilities and parking places in connection therewith; (5)...
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16-13-304
Section 16-13-304 Terms and conditions; sale; use of proceeds. (a)(1) Warrants issued
pursuant to this article may be in the denomination or denominations; shall have a maturity
or maturities not exceeding 30 years from their date; may bear interest from their date at
the rate or rates payable in the manner and at the times; may be payable at the place or places
within or without the State of Alabama; may be sold for such price and in the manner as provided
in this article; and may contain the terms not in conflict with the provisions of this article;
all as the board may provide in the proceedings pursuant to which the warrants are authorized
to be issued. (2)(i) The board may provide that the warrants shall bear interest at a rate
or rates fixed at the time of the issuance thereof. (ii) With the prior, specific approval
of the State Superintendent, given as provided in this article, the board may provide that
the warrants shall bear interest at rates which may be changed from time to...
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16-60-197
Section 16-60-197 Additional vocational trade schools authorized. The State Board of
Education is hereby authorized, empowered and directed to establish and provide for the construction
of three new vocational trade schools in this state in addition to the trade schools heretofore
provided by law, to be located at such places as will make such schools conveniently accessible
to all areas of Alabama. The cost of constructing such schools shall be paid out of the proceeds
realized from any bonds issued and sold by the State Board of Education or any other authority
of this state for the purpose of financing the construction of public school buildings or
from any other funds made available for the construction of trade schools. The first $750,000.00
made available for expenditure on trade schools through the issuance and sale of bonds shall
be allocated to the State Board of Education for the purpose of acquiring land, constructing
buildings, reconstructing, altering and improving...
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22-21-324
Section 22-21-324 Use of proceeds. (a) The principal proceeds derived from any borrowing
made by an authority shall be used solely for the purpose or purposes for which such borrowing
was authorized to be made. If any securities are issued for the purpose of financing costs
of acquiring, constructing, improving, enlarging and equipping health care facilities, such
costs shall be deemed to include the following: (1) The cost of any land forming a part of
such health care facilities; (2) The cost of the labor, materials and supplies used in any
such construction, improvement or enlargement, including architectural and engineering fees
and the cost of preparing contract documents advertising for bids; (3) The purchase price
of, and the cost of installing, equipment for such health care facilities; (4) The cost of
landscaping the lands forming a part of such health care facilities and of constructing and
installing roads, sidewalks, curbs, gutters, utilities and parking places in...
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33-2-180
Section 33-2-180 Definitions. Where used in this article the following words and terms
shall be given the following respective meanings unless the context hereof clearly indicates
otherwise: (1) CODE. The Code of Alabama 1975, as amended. (2) DEPARTMENT. Alabama State Docks
Department created in Chapter 1 of Title 33. (3) DIRECTOR. The Director of State Docks provided
for in Section 33-1-3. (4) DOCKS FACILITIES. Docks and all kinds of docks facilities,
including elevators, compresses, conveyors, warehouses, water and rail terminals, bulk handling
facilities, coal handling facilities, grain elevator facilities, wharves, piles, quays, cold
storage facilities, loading and unloading facilities, and other related structures, facilities,
equipment, property and improvements of every kind needful for the convenient use of same,
in aid of commerce and use of the waterways of the state, now or hereafter existing, that
are now or hereafter owned or held, are or are to be under the management and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-180.htm - 4K - Match Info - Similar pages
41-10-142
Section 41-10-142 Bonds - Issuance; form, terms, denominations, etc.; sale; refunding
bonds; negotiable; security for payment. All bonds issued by an authority may be executed
by such officers of the authority and in such manner as shall be provided in the proceedings
of the board whereunder the bonds shall be authorized to be issued. Any such bonds may be
executed and delivered by an authority at any time and from time to time, shall be in such
form and denominations and of such tenor and maturities, shall contain such provisions not
inconsistent with the provisions of this article and shall bear such rate or rates of interest,
payable and evidenced in such manner as may be provided by resolution of its board. Bonds
of an authority may be sold at either public or private sale in such manner and at such price
or prices and at such time or times as may be determined by the board to be most advantageous.
The principal of or interest on any bonds issued or obligations assumed by an...
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45-37A-56.30
Section 45-37A-56.30 Operation or leasing of parking facilities. (a) As used in this
section, the word person means a natural person, a corporation, a partnership, or unincorporated
association. (b) It is hereby declared to be the public policy of this state, with respect
to each parking facility, that upon an authority's acquiring a parking facility the authority
shall carefully consider and decide, whether it is in the public interest that the authority
itself operate such facility, enter into a contract with some person to operate such facility
for the authority, or lease such facility. Among the factors the authority shall consider
in making such decision are the following: (1) The relative efficiency of the alternate operations.
(2) The relative economy of the three alternate operations. (3) The overall advantage and
benefit to the authority and the public of the alternate operations. (c) In order to make
the foregoing determination the authority shall ascertain the following: The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37A-56.30.htm - 2K - Match Info - Similar pages
11-89A-10
Section 11-89A-10 Security for payment of bonds; contracts and agreements to secure.
(a) Any bonds issued by the authority shall be revenue bonds and shall be payable solely out
of such revenues of the authority as may be designated in the proceedings of the board under
which they shall be authorized to be issued. Any such proceedings may provide that the bonds
therein authorized shall be payable solely out of the revenues derived from the operation
of any facility or facilities owned by the authority, regardless of the fact that those bonds
may have been issued with respect to or for the benefit of a certain facility or facilities
of the authority. (b) As security for payment of the principal and interest on any bonds issued
or assumed by it, any authority may enter into a contract or contracts, and adopt resolutions
or other proceedings containing provisions constituting a part of the contract or contracts
with the holders of such bonds, pertaining to, among other things, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-89A-10.htm - 5K - Match Info - Similar pages
22-3A-1
Section 22-3A-1 Legislative findings and declarations. The Legislature hereby finds
and declares that it is necessary, desirable and in the public interest that additional facilities
be made available in this state for public health purposes. It is the intention of the Legislature
by the passage of this chapter to authorize the formation of a public corporation for the
purposes of providing for the acquisition, construction, improvement and equipment of public
health facilities and to improve such existing facilities for use by the State Board of Health
and county board(s) of health throughout this state in carrying out the duties and powers
imposed upon or vested in them; to authorize the said corporation to provide for payment of
the costs of the said facilities by the issuance of bonds of the corporation; and to pledge
the proceeds of such bonds and other revenues that may be available to it for payment of the
debt service on said bonds. (Acts 1990, No. 90-598, ยง1.)...
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11-32-8
Section 11-32-8 Rates and charges. (a) Rates, fees, and charges for public transportation
service rendered by the authority from any of its transit systems shall be so fixed and from
time to time revised as at all times to provide funds that, when added to all other revenues
including tax proceeds anticipated to be received by the authority shall be at least sufficient
to do all of the following: (1) Pay the cost of operating, maintaining, repairing, replacing,
extending, and improving the systems from which such services are rendered. (2) Pay the principal
of and the interest on all bonds issued and obligations assumed by the authority that are
payable out of the revenues derived from operation of those systems, as the principal and
interest become due and payable. (3) Create and maintain reserves for the foregoing purposes
or any of them as may be provided in any mortgage, deed of trust, or trust indenture executed
by the authority or in any resolutions of the board authorizing the...
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