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23-1-178
Section 23-1-178 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the corporation remaining after paying the expenses of their issuance
shall be deposited in the State Treasury and credited to the Road and Bridge Fund, and shall
be subject to be drawn on by the corporation, upon the approval of the State Department of
Transportation, but solely for the purpose of constructing, reconstructing , or relocating
public roads and bridges, or work incidental or related thereto, including the acquisition
of property necessary therefor, in the State of Alabama; provided, that such funds may be
used only for payment of the state's share or the costs thereof to be paid by any county or
municipality within the state, of the cost of constructing, reconstructing, or relocating
public roads and bridges, or work incidental or related thereto, which have been or will be
constructed, reconstructed, or relocated under programs financed jointly by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-178.htm - 5K - Match Info - Similar pages
23-1-158
Section 23-1-158 Bonds - Disposition of proceeds. (a) The proceeds of all bonds, other than
refunding bonds, issued by the corporation, remaining after paying the expenses of their issuance,
shall be turned in to the Treasury or shall be deposited into such account or accounts as
specified in the resolution of the board of directors whereunder such bonds are authorized
to be issued, and shall be subject to be drawn on upon the approval of the Department of Transportation
solely for the purpose of constructing, reconstructing, and relocating public roads, bridges
and approaches thereto, tunnels, other public roadway improvements, or work incidental or
related thereto, in the State of Alabama, including the acquisition of property necessary
for such construction, reconstruction, and relocation and incidental and related work. If
action is necessary in order to comply with any federal legislation relating to federal aid
in construction of roads, the corporation may authorize the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/23-1-158.htm - 5K - Match Info - Similar pages
11-50-318
Section 11-50-318 Disposition of proceeds from sale of bonds. All moneys derived from the sale
of any bonds issued by any corporation organized under this article or the articles of incorporation
of which are amended under this article shall be used solely for the purpose or purposes for
which the same are authorized, including any engineering, legal, and other expenses incidental
thereto and, in the case of bonds issued in whole or in part for construction of a system
or any part thereof, interest on such bonds or, if a part only of the bonds are issued for
the purpose of such construction, on the part of such bonds issued for that purpose, prior
to and during such construction and for not exceeding one year after completion of such construction
and, in the case of bonds issued by such corporation for the purpose of refunding outstanding
bonds of such corporation, any premium which it may be necessary to pay in order to redeem
or retire the bonds to be refunded. (Acts 1951, No. 175,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-318.htm - 1K - Match Info - Similar pages
11-50-406
Section 11-50-406 Bonds - Disposition of proceeds from sale. All moneys derived from the sale
of any bonds issued by any district incorporated under this article shall be used solely for
the purpose or purposes for which the same are authorized, including any engineering, legal
or other expenses incident thereto and, in the case of bonds issued in whole or in part for
the construction of a gas system or systems or any part thereof, interest on such bonds (or,
if a part only of the bonds are issued for the purpose of such construction, on the part of
such bonds issued for that purpose) prior to and during such construction and, in the case
of bonds issued by a district for the purpose of refunding outstanding bonds of such district,
any premium which it may deem necessary to pay in order to redeem or retire the bonds to be
refunded and any interest (accrued and to accrue) on the bonds to be so refunded. The treasurer
or other officer designated by the board of directors shall give a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-406.htm - 1K - Match Info - Similar pages
24-1A-7
Section 24-1A-7 Proceeds from sale of bonds; use; issuance procedures; distribution percentages;
allocation of proceeds available for single family mortgage loans. (a) All moneys derived
from the sale of any bonds issued by the authority shall be used solely for the purpose or
purposes for which the same are authorized, including costs and expenses of issue. Such costs
and expenses may include but shall not be limited to: (1) The fiscal, legal and other expenses
incurred in connection with the issuance of the bonds; and (2) Except in the case of refunding
bonds, interest to accrue on such bonds for a period ending not later than two years from
their date. (b) Bonds shall be issued in series, each of which shall be separately designated
in the proceedings authorizing their issuance. The board of directors in the proceedings authorizing
a series of bonds (other than refunding bonds) shall specify the purposes for which the proceeds
of such series shall be used. The proceeds of a series...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/24-1A-7.htm - 5K - Match Info - Similar pages
11-92C-10
Section 11-92C-10 Proceeds from the sale of bonds. All moneys derived from the sale of any
bonds issued by an authority shall be used solely for the purpose or purposes for which the
same are authorized, including, but not limited to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal, premium, as applicable, and interest
on the bonds, and any costs and expenses incidental thereto. The costs and expenses may include,
but shall not be limited to the following: (1) The underwriting, fiscal, engineering, legal,
and other expenses incurred in connection with the issuance of the bonds. (2) Except in the
case of refunding bonds, interest to accrue on the bonds for a period ending not later than
two years from their date. (Act 2020-72, §10.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-92C-10.htm - 1K - Match Info - Similar pages
41-10-29
Section 41-10-29 Disposition of proceeds from sale of bonds and refunding 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 with the approval of the president of 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. The State Treasurer, with the approval of the president of the authority, shall invest
funds not needed immediately or within the ensuing 30 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 proceeds from the sale of any refunding bonds issued under this article remaining
after paying the expenses of their issuance shall be used...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-29.htm - 1K - Match Info - Similar pages
41-10-357
Section 41-10-357 Authorization to issue bonds; limitation on use of proceeds. For the purpose
of acquiring, constructing, installing and equipping mental health facilities, the authority
is hereby authorized to issue and sell from time to time its bonds, which bonds may be in
the form of interest-bearing bonds or noninterest-bearing bonds. The aggregate principal amount
of bonds issued under this article shall (other than refunding bonds) not exceed $100,000,000.00.
Provided, however, that the proceeds from the bonds issued under the provisions of this article
shall not be utilized for the construction, installing or equipping of community crisis stabilization
units unless there is no available existing hospital beds that can be leased for said purposes
within the community where such facility is to be operated. (Acts 1988, No. 88-475, p. 739,
§8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-357.htm - 1K - Match Info - Similar pages
41-10-99
Section 41-10-99 Refunding bonds. The corporation may at any time and from time to time issue
refunding bonds for the purpose of refunding the principal of and interest on any bonds of
the corporation theretofore issued under this article and then outstanding, whether or not
such principal and interest shall have matured at the time of such refunding, and for the
payment of any expenses incurred in connection with such refunding and such premium as is
necessary to be paid in order to redeem or retire 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 authorized to be issued. Any such refunding may be effected either by sale of the
refunding bonds, in the manner provided for in this article with respect to bonds, the application
of the proceeds thereof or by exchange of the refunding bonds for the bonds or interest coupons
to be refunded thereby; provided, that the holders of any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-99.htm - 1K - Match Info - Similar pages
45-46-90.11
Section 45-46-90.11 Proceeds from the sale of bonds. All moneys derived from the sale of any
bonds issued by the authority shall be used solely for the purpose or purposes for which the
same are authorized and any costs and expenses incidental thereto; provided, however, site
preparation grants for industrial development shall not be included as a part of such costs
and expenses. Such costs and expenses may include, but shall not be limited to, all of the
following: (1) The fiscal, engineering, legal, and other expenses incurred in connection with
the issuance of the bonds. (2) In the case of bonds issued to pay costs of acquiring or constructing
all or any part of any facility, interest on such bonds (or if a part only of any series of
bonds is issued for acquisition or construction purposes, interest on that portion of the
bonds of the series that is issued to pay such acquisition or construction costs) prior to
and during such acquisition or construction and for not exceeding one...
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