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33-2-8
Section 33-2-8 General provisions relative to inland waterways improvement bonds and temporary
loans. In order to provide funds for the purposes herein authorized, the Governor is hereby
empowered to execute, with the concurrence of the director of state docks, and to sell the
state's bonds in such amounts, not exceeding in the aggregate the sum of $3,000,000.00 as
may be necessary for said purposes, all under and subject to the following provisions: Said
bonds shall be appropriately designated as inland waterways improvement bonds of the state.
The bonds may be issued from time to time in one or more series and the bonds of each series
shall be payable in substantially equal annual installments of principal and interest at such
times as may be designated by the State Docks Department with approval of the Governor; provided,
that the first installment of principal of the bonds of each series must mature not later
than 10 years from the date of such series and the last installment of...
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33-2-201
Section 33-2-201 Special purpose obligations. (a) The department, from time to time, may issue
special purpose obligations, which shall be limited obligations of the department payable
from and secured solely by a pledge of private facility payments made by or on behalf of one
or more commercial enterprises for the right to use the private facilities financed thereby
and shall not be payable from docks facilities revenues or otherwise give rise to any liability
on the part of the department other than the private facility payments pledged as security
therefor. No special purpose obligation shall give rise to any liability or constitute a debt
or obligation of the state or a charge against its credit or taxing powers. (b) Any special
purpose obligations shall be issued pursuant to a resolution of the board of directors of
the department. As security for the payment of any special purpose obligations, the department
is authorized to pledge for the payment of the obligations any private...
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23-7-2
Section 23-7-2 Definitions. For the purposes of this chapter, the following words shall have
the following meanings: (1) BANK. The Alabama Transportation Infrastructure Bank. (2) BOARD.
The board of directors of the bank. (3) BONDS. Includes bonds, notes, or other evidence of
indebtedness except as otherwise provided in this chapter. (4) DEPARTMENT or DEPARTMENT OF
TRANSPORTATION. The Alabama Department of Transportation. (5) ELIGIBLE COST. As applied to
a qualified project to be financed from the federal highway account, the costs that are permitted
under applicable federal laws, requirements, procedures, and guidelines in regard to establishing,
operating, and providing assistance from the bank. As applied to a qualified project to be
financed from the state highway account, these costs include the costs of preliminary engineering,
traffic, and revenue studies; environmental studies; right-of-way acquisition; legal and financial
services associated with the development of the...
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23-2-144
Section 23-2-144 Powers of the authority. (a) The authority shall have the following powers:
(1) To adopt bylaws for the regulation of its affairs and the conduct of its business. (2)
To adopt an official seal and alter the same at pleasure. (3) To maintain a principal office
and branch offices at the place or places within the state as it may designate. (4) To sue
and be sued in its own name, including suits in tort. (5) With the consent and approval of
the department, to acquire and construct toll road, bridge, or tunnel projects at locations
as the authority may determine to be desirable, practicable, and economically feasible and
to maintain, repair, and operate the projects. (6) To issue toll road, bridge, or tunnel revenue
bonds of the authority for any of its corporate purposes, payable solely from its tolls, other
revenues, and proceeds of the bonds, and to refund its bonds, all as provided in this article.
No bonds issued under the provisions of this article shall constitute a...
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33-2-103
Section 33-2-103 Separate records as to each unit of development. The department shall establish
and maintain a separate record with respect to each unit of development that may have been
or may be acquired, constructed or operated in whole or in part under the provisions of this
article, or the 1957 Docks Act, the 1959 Docks Act, or the 1961 Docks Act. Each such separate
record shall show: (1) The total amount of the capital investment in each such unit of development,
including the amount of such capital investment derived from the proceeds of the bonds issued
hereunder or under the 1957 Docks Act, the 1959 Docks Act, or the 1961 Docks Act; and the
amount, if any, of the said capital investment derived from any other source; (2) the expenses
of operating each such unit of development; and (3) the gross revenues derived from the operation
of each such unit of development. In the event any proceeds from bonds issued either under
this article or under the 1957 Docks Act, the 1959 Docks...
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33-2-132
Section 33-2-132 Separate records as to each unit of development. The department shall establish
and maintain a separate record with respect to each unit of development that may have been
or may be acquired, constructed or operated in whole or in part under the provisions of this
article, or under the 1957 Docks Act, the 1959 Docks Act, the 1961 Docks Act, or the 1963
Docks Act. Each such separate record shall show: (1) the total amount of the capital investment
in each such unit of development, including the amount of such capital investment derived
from the proceeds of the bonds issued hereunder, or under the 1957 Docks Act, the 1959 Docks
Act, the 1961 Docks Act, or the 1963 Docks Act; and the amount, if any, of the said capital
investment derived from any other source; (2) the expenses of operating each such unit of
development; and (3) the gross revenues derived from the operation of each such unit of development.
In the event any proceeds from bonds issued either under this...
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33-2-162
Section 33-2-162 Separate records as to each unit of development. The department shall establish
and maintain a separate record with respect to each unit of development that may have been
or may be acquired, constructed or operated in whole or in part under the provisions of this
article, or under the 1957 Docks Act, the 1959 Docks Act, the 1961 Docks Act, the 1963 Docks
Act or the 1967 Docks Act. Each such separate record shall show: (1) The total amount of the
capital investment in each such unit of development, including the amount of such capital
investment derived from the proceeds of the bonds issued hereunder, or under the 1957 Docks
Act, the 1959 Docks Act, the 1961 Docks Act, the 1963 Docks Act or the 1967 Docks Act; and
the amount, if any, of the said capital investment derived from any other source; (2) the
expense of operating each such unit of development; and (3) the gross revenues derived from
the operation of each such unit of development. In the event any proceeds from...
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33-2-41
Section 33-2-41 Separate records as to each unit of development. The department shall establish
and maintain a separate record with respect to each unit of development that may have been
or may be acquired, constructed or operated in whole or in part under the provisions of this
article or the 1957 Docks Act. Each such separate record shall show: (1) The total amount
of the capital investment in each such unit of development, including the amount of such capital
investment derived from the proceeds of the bonds issued hereunder or under the 1957 Docks
Act, and the amount, if any, of the said capital investment derived from any other source;
(2) the expenses of operating each such unit of development; and (3) the gross revenues derived
from the operation of each such unit of development. In the event any proceeds from bonds
issued either under this article or the 1957 Docks Act shall be used to pay any of the operating
expenses of any unit of development, the amount of bond proceeds so...
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33-2-73
Section 33-2-73 Separate records as to each unit of development. The department shall establish
and maintain a separate record with respect to each unit of development that may have been
or may be acquired, constructed or operated in whole or in part under the provisions of this
article, or the 1957 Docks Act, or the 1959 Docks Act. Each such separate record shall show:
(1) The total amount of the capital investment in each such unit of development, including
the amount of such capital investment derived from the proceeds of the bonds issued hereunder
or under the 1957 Docks Act or the 1959 Docks Act, and the amount, if any, of the said capital
investment derived from any other source; (2) the expenses of operating each such unit of
development; and (3) the gross revenues derived from the operation of each such unit of development.
In the event any proceeds from bonds issued either under this article or the 1957 Docks Act
or the 1959 Docks Act shall be used to pay any of the operating...
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33-2-200
Section 33-2-200 Definitions. The words and terms used in this division shall have the same
definitions as provided in Section 33-2-180. In addition, the following words and terms shall
be given the following respective meanings: (1) INDENTURE. Any mortgage, indenture of mortgage,
deed of trust, trust agreement, or trust indenture executed by the department as security
for its special purpose obligations. (2) PRIVATE FACILITIES. Any and all kinds of buildings,
improvements, equipment, or other facilities for the use and benefit of one or more commercial
enterprises engaged in the manufacturing, processing, assembling, storing, warehousing, distributing,
or selling of any products of agriculture, mining, or industry, or other commercial activity
or research in connection therewith which is determined by the department's board of directors,
in its discretion, to aid commerce and use of the waterways of the state. (3) PRIVATE FACILITY
PAYMENTS. Rentals or other payments made to the...
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