22-23A-4
Section 22-23A-4 Water Supply Assistance Fund established; deposits; expenditures; investments.
There is hereby established a special fund within the State Treasury to be known as the "Water
Supply Assistance Fund." Proceeds from the sale of bonds issued by the authority shall
be deposited in this special "Water Supply Assistance Fund." Money in such fund
shall be expended in accordance with adopted regulations and policies of the authority and
may be used to provide a loan or loans for community water system supply projects or to refinance
debt of community water systems or to secure principal and interest on bonds issued by the
authority. Money not currently needed for the operation of the Water Supply Assistance Fund
may be invested, from time to time, by the board and all interest earned on such investments
shall be credited to the Water Supply Assistance Fund. (Acts 1988, 1st Ex. Sess., No. 88-857,
p. 338, §4.)...
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41-10-364
Section 41-10-364 Proceeds of bonds, other than refunding bonds; special fund to pay costs
of acquisition, construction, etc., of mental health facilities; such work supervised by Building
Commission; such work subject to competitive bidding; disposition of moneys remaining. The
proceeds of the bonds, other than refunding bonds, remaining after paying the expenses of
their sale and issuance shall be turned into the State Treasury, shall be carried in a special
fund to be designated the Mental Health Facilities Building Fund, and shall be subject to
be drawn on by the authority for the purpose of paying costs of acquisition, construction,
improvement and equipping of mental health facilities in the state. For the purposes of this
article, the improvement of a facility shall be deemed to include the renovation, modernization,
remodeling, and equipment thereof and the construction of additions thereof, and the construction
of a facility shall be deemed to include the acquisition of real...
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41-10-628
Section 41-10-628 Disposition of proceeds of bonds. (a) The authority is authorized and empowered
to apply the proceeds of any bonds for any of the following purposes or uses: (1) For the
purposes for which the bonds were authorized to be issued. (2) To fund any reserve fund established
in connection with an authorized issue if the authority deems the establishment of such reserve
fund to be necessary and desirable. (3) To pay for the cost of obtaining credit enhancement
for the bonds. (4) To pay capitalized interest on the bonds. (5) To pay the costs of issuing
the bonds. (6) If refunding bonds are issued pursuant to this division, to pay debt service
on and the redemption price of any bonds to be refunded. (b) Pending the application of the
proceeds of bonds of the authority to the purpose or purposes for which the bonds were issued,
the proceeds and any monies held in funds created as security for the bonds may be invested
by the authority in permitted investments, as the authority...
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11-54-91
Section 11-54-91 Borrowing of money for temporary use and issuance of temporary revenue bonds
as evidence thereof. (a) Any industrial development board organized under the provisions of
this division, as amended, may, in addition to the other powers granted in the other provisions
of this division, borrow money for temporary use for any of its corporate purposes and, in
evidence of such borrowing, issue from time to time revenue bonds or notes maturing not later
than 18 months from the date of issuance. (b) Any such temporary borrowing may be made in
anticipation of the sale and issuance of long-term revenue bonds; and, in such event, the
principal proceeds from the sale of such long-term revenue bonds shall, to the extent necessary,
be used for payment of the principal of and the interest on the temporary revenue bonds or
notes issued in anticipation of the sale and issuance of such long-term revenue bonds. (c)
Any such temporary borrowing may also be made with respect to a project...
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11-86A-16
Section 11-86A-16 Application of proceeds from the sale of bonds; source of payment; pledge
of county's or municipality's credit; negotiability; exemption from taxation; pledge as security
for funds belonging to a public person; investment in bonds by fiduciaries; no public hearing
required; investment in bonds by Teachers' Retirement System of Alabama, the Employees' Retirement
System of Alabama, and the State Insurance Fund; investment in bonds by public persons. (a)
The proceeds from the sale of any bonds shall be applied as provided in the proceedings in
which the bonds are authorized to be issued, including, without limitation, the payment of
all legal, fiscal, and recording fees and expenses incurred in connection with the authorization,
sale, and issuance of the bonds and, if provided in the proceedings authorizing their issuance,
interest on the bonds (or if only a part of any issue of bonds is issued for acquisition purposes,
interest on that portion of the bonds of that issue...
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2-5A-37
Section 2-5A-37 Investment of proceeds from bond sales. Prior to the completion of farmers'
market facilities to be financed with proceeds of bonds, any portion of the principal proceeds
derived from the sale of the bonds which the commissioner may determine is not then needed
for any of the purposes for which the bonds are authorized to be issued shall be invested
by the State Treasurer in permitted investments which mature at such time or times as the
department shall direct. At any time, and from time to time on order of the commissioner,
any such investments may be sold or otherwise converted by the State Treasurer into cash.
(Act 2013-286, p. 981,§1.)...
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23-2-147
Section 23-2-147 Bonds; issuance; forms; procedures, etc. (a) The authority is hereby authorized
to provide by resolution for the issuance of bonds of the authority for any of its corporate
purposes, including the refunding of its bonds. The principal of and the interest on any issue
of such bonds shall be payable solely from, and be secured by a pledge of, tolls and other
revenues of all or any part of the toll road, bridge, or tunnel project financed in whole
or in part with the proceeds of such issue or with the proceeds of bonds refunded or to be
refunded by such issue. The proceeds of any such bonds may be used or pledged for the payment
or security of the principal or of the interest on bonds, and for the establishment of any
or all reserves for such payment or security, or for other corporate purposes as the authority
may authorize in the resolution authorizing the issuance of bonds or in the trust agreement
securing the same. (b) The bonds of each issue shall be dated; shall...
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33-2-131
Section 33-2-131 Refunding bonds and investments. The state 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 unmatured bonds of the state then outstanding which were theretofore issued under any
one or more of this article, or the 1957 Docks Act, the 1959 Docks Act, the 1961 Docks Act,
or the 1963 Docks Act. The proceeds from the sale of such refunding bonds shall be paid to
the State Treasurer and disbursed on order or resolution of the department solely to refund
and retire those bonds for the refunding of which such refunding bonds are authorized to be
issued, and to pay the expenses incurred in such refunding; provided, that pending the time
such refunding can be consummated, such proceeds may be invested as herein authorized. All
provisions of this article pertaining to bonds issued under this article that are not inconsistent
with the provisions of this section shall, to the extent applicable, also...
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33-2-161
Section 33-2-161 Refunding bonds and investments. The state 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 unmatured bonds of the state then outstanding which were theretofore issued under any
one or more of this article, or the 1957 Docks Act, the 1959 Docks Act, the 1961 Docks Act,
the 1963 Docks Act, or the 1967 Docks Act. The proceeds from the sale of such refunding bonds
shall be paid to the State Treasurer and disbursed on order or resolution of the department
solely to refund and retire those bonds for the refunding of which such refunding bonds are
authorized to be issued, and to pay the expenses incurred in such refunding; provided, that
pending the time such refunding can be consummated such proceeds may be invested as herein
authorized. All provisions of this article pertaining to bonds issued under this article that
are not inconsistent with the provisions of this section shall, to the...
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33-2-72
Section 33-2-72 Refunding bonds. The state 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 matured or unmatured
bonds of the state then outstanding which were theretofore issued under any one or more of
this article, or the 1957 Docks Act, or the 1959 Docks Act. The proceeds derived from the
sale of such refunding bonds shall be paid to the State Treasurer and disbursed on order or
resolution of the department solely to refund and retire those bonds for the refunding of
which such refunding bonds are authorized to be issued, and to pay the expenses incurred in
such refunding; provided, that pending the time such refunding can be consummated such proceeds
may be invested as herein authorized. All provisions of this article pertaining to bonds issued
under this article that are not inconsistent with the provisions of this section shall, to
the extent applicable, also apply to the refunding bonds issued...
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