Code of Alabama

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16-18A-8
Section 16-18A-8 Use of proceeds from sale. 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. Such costs and expenses may include, but shall
not be limited to: (1) The fiscal, engineering, legal and other expenses incurred in connection
with the issuance and sale of the bonds; (2) In the case of bonds issued to pay costs of the
authority, interest on such bonds (or, if a part only of bonds of any series is issued for
construction purposes, interest on that portion of the bonds of that series that is issued
to pay construction costs) prior to and during such construction; and (3) In the case of bonds
issued for the purpose of refunding principal and interest or either with respect to bonds
issued or obligations assumed by the authority, any premium that it may be necessary to pay
in order to redeem or retire the bonds or other obligations...
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41-10-145
Section 41-10-145 Bonds - Use of proceeds from sale. 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 and any costs and expenses incidental thereto. Such costs and expenses
may include, but shall not be limited to: (1) The fiscal, engineering, architectural, legal
and other expenses incurred in connection with the issuance and sale of the bonds; (2) In
the case of bonds issued to pay costs of construction, building, acquisition, restoration,
renovation or improvement of property of the authority, interest on such bonds (or, if a part
only of bonds of any series is issued for such purposes, interest on that portion of the bonds
of that series that is issued to pay such costs) prior to and during such construction, building,
acquisition, restoration, renovation or improvement of property of the authority; and (3)
In the case of bonds issued for the purpose of refunding principal and...
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11-32-12
Section 11-32-12 Use of bond proceeds. All moneys derived from the sale of any bonds issued
by the authority shall be used solely for the purposes for which the moneys are authorized
and any costs and expenses incidental thereto. The costs and expenses may include, but shall
not be limited to, 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 a transit system interest on the 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 that series that is issued to pay the acquisition
or construction costs prior to and during the acquisition or construction and not exceeding
one year after completion of the acquisition or construction. (3) In the case of refunding
bonds, any premium that it may be necessary to pay in order to redeem or retire...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-32-12.htm - 1K - Match Info - Similar pages

11-49A-13
Section 11-49A-13 Use of bond proceeds. 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. Such costs and expenses may include but shall
not be limited to: (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 a transit system 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 that series that is issued to pay such acquisition or construction
costs) prior to and during such acquisition or construction and for not exceeding one year
after completion of such acquisition or construction; and (3) In the case of bonds issued
for the purpose of refunding principal and interest, or either, with...
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16-17-13
Section 16-17-13 Proceeds from 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. Such costs and expenses may
include but shall not be limited to: (1) The engineering, legal, architectural, fiscal and
other expenses incurred in connection with the issuance of the bonds; (2) In the case of bonds
issued to pay costs of construction, interest on such bonds (or, if a part only of any series
of bonds is issued for construction purposes, interest on that portion of the bonds of that
series that is issued to pay construction costs) prior to and during such construction and
for not exceeding one year after completion of such construction; and (3) In the case of bonds
issued for the purpose of refunding principal and interest, or either, with respect to bonds
issued or obligations assumed by the authority, any premium that it may be...
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16-18-14
Section 16-18-14 Proceeds from 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. Such costs and expenses may
include but shall not be limited to: (1) The engineering, legal, architectural, fiscal and
other expenses incurred in connection with the issuance of the bonds; (2) In the case of bonds
issued to pay costs of construction, interest on such bonds (or, if a part only of any series
of bonds is issued for construction purposes, interest on that portion of the bonds of that
series that is issued to pay construction costs) prior to and during such construction and
for not exceeding one year after completion of such construction; and (3) In the case of bonds
issued for the purpose of refunding principal and interest, or either, with respect to bonds
issued or obligations assumed by the authority, any premium that it may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-18-14.htm - 1K - Match Info - Similar pages

16-65-7
Section 16-65-7 Proceeds from the sale of bonds, revenues, and other funds. (a) After making
adequate provision for the payment of the expenses of issuance, the authority is authorized
and empowered to use the proceeds of any bonds, together with any other available funds (1)
to finance equipment costs through equipment loans to educational institutions as herein authorized;
(2) to fund such reserves as the authority deems necessary and desirable; and (3) to the extent
not needed for the foregoing uses, to pay or redeem such bonds. (b) Pending the application
of the proceeds of bonds to the purpose or purposes of which such bonds were issued, such
proceeds may be invested by the authority in such manner consistent with the resolution pursuant
to which such bonds are issued, as the board of directors may deem advisable. (c) Any and
all revenues, receipts, investment earnings, and other funds paid to, or otherwise coming
into the possession of, the authority as the result of financings...
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22-3A-15
Section 22-3A-15 Disposition of proceeds of bonds; Public Health Facilities Building Fund;
powers of authority; improvement and construction defined; supervision; bidding. (a) The proceeds
of the bonds, other than refunding bonds, remaining after paying the expenses of their sale
and issuance shall be turned in to the State Treasury and all income derived from the investment
of said proceeds (including income from the investment of proceeds held in the Debt Service
Reserve Fund to the extent provided in the resolution, trust indenture or other documents
pursuant to which the bonds shall be issued) shall be carried in a special fund to be designated
the Public Health Facilities Building Fund, and shall be subject to be drawn on by the authority
for the purpose of paying the costs of acquiring, constructing, improving and equipping such
public health facilities in the state as shall be determined by the authority. Subject to
the provisions of Section 22-3A-19, the authority shall have...
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45-49A-64.12
Section 45-49A-64.12 Proceeds from 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. 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 a transit system
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 that series that is issued
to pay such acquisition or construction costs) prior to and during such acquisition or construction
and for not exceeding one year after completion of such acquisition or construction. (3) In
the case of bonds issued for the purpose of refunding principal...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-49A-64.12.htm - 1K - Match Info - Similar pages

9-6-12
Section 9-6-12 Bonds - Use of proceeds from sale. 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. Such costs and expenses may
include, but shall not be limited to: (1) The fiscal, engineering, legal and other expenses
incurred in connection with the issuance and sale of the bonds; (2) In the case of bonds issued
to pay costs of construction, interest on such bonds (or, if a part only of bonds of any series
is issued for construction purposes, interest on that portion of the bonds of that series
that is issued to pay construction costs) prior to and during such construction; and (3) In
the case of bonds issued for the purpose of refunding principal and interest or either with
respect to bonds issued or obligations assumed by the authority, any premium that it may be
necessary to pay in order to redeem or retire the bonds or other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-6-12.htm - 1K - Match Info - Similar pages

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