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41-10-350
Section 41-10-350 Legislative findings and purpose. 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 mental health purposes. It is the intention of the Legislature
by the passage of this article to authorize the formation of a public corporation for the
purpose of providing for the acquisition, construction, improvement and equipment of the mental
health facilities (including improvements to existing facilities), and to authorize the said
corporation, in order to provide for payment of the costs of the said facilities, to anticipate
the proceeds of that portion of a special state tax (originally levied by Act No. 275, adopted
at the 1967 Regular Session of the Legislature of Alabama), that was levied for mental health
purposes by the issuance of the bonds of the said corporation payable solely from the proceeds
of the said tax. (Acts 1988, No. 88-475, p. 739, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-350.htm - 1K - Match Info - Similar pages
41-10-427
Section 41-10-427 Authority authorized to sell, rent, etc., set charges or rents or make rent
adjustments necessary to meet obligations. For the purpose of providing funds for the acquisition
and preparation of sites, for the construction, reconstruction, alteration and improvement
of facilities, for the procurement and installation of equipment therefor and for payment
of obligations incurred and the principal of and interest on any temporary loans made for
any of the said purposes, the authority is hereby authorized, from time to time, to sell,
rent, lease, leaseback, set charges or rents and to make rent adjustments necessary to meet
such obligations and to use other revenues from any sources or income from said property.
At no time shall any indebtedness or obligations or liabilities be that of the State of Alabama.
(Acts 1990, No. 90-293, p. 396, §8.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-427.htm - 1K - Match Info - Similar pages
44-1-91
Section 44-1-91 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER. THIS SECTION HAS NOT BEEN
CODIFIED BY THE LEGISLATURE. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. As used in this article,
the following terms shall have the following meanings: (1) CAPITAL OUTLAY PROJECTS or CAPITAL
IMPROVEMENT PURPOSES. The planning, construction, reconstruction, enlargement, improvement,
repair, or renovation of Department of Youth Services facilities; the acquisition or purchase
of facilities for use of the Department of Youth Services; the acquisition or purchase of
land for Department of Youth Services facilities; and the acquisition or purchase of equipment.
(2) DEPARTMENT. The Alabama Department of Youth Services or any other department or agency
of the state that, by law, shall succeed to its functions and responsibilities. (3) FUND.
The Department of Youth Services Capital Improvement Trust Fund. (4) LAND or LANDS. Real property
and any interests therein. (5) STATE. The State of Alabama. (6)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/44-1-91.htm - 1K - Match Info - Similar pages
11-20-7
Section 11-20-7 Bonds - Disposition of proceeds from sale. The proceeds from the sale of any
bonds issued under authority of this article shall be applied only for the purpose for which
the bonds were issued; provided, however, that any accrued interest and premium received in
any such sale shall be applied to the payment of the principal of or the interest on the bonds
sold; and provided further, that if for any reason any portion of such proceeds shall not
be needed for the purpose for which the bonds were issued, then such unneeded portion of said
proceeds shall be applied to the payment of the principal of or the interest on said bonds.
The cost of acquiring any project shall be deemed to include the following: the actual cost
of the construction of any part of a project which may be constructed, including architect's
and engineer's fees; the purchase price of any part of a project that may be acquired by purchase;
all expenses in connection with the authorization, sale and...
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11-50-526
Section 11-50-526 Bonds - Sale or issuance generally. The corporation may issue bonds at any
time and from time to time as the board may determine to be most advantageous for the purpose
of paying the purchase price of and all expenses incurred in connection with the acquisition
of any properties or other assets of the corporation and for the purpose of furnishing adequate
working capital for the corporation. Such bonds shall be revenue bonds payable solely out
of the revenues derived from the operation of all or any part of any utility owned by the
corporation as may be provided at the time of the authorization of such bonds. All bonds shall
be signed by such officer or officers as the board may direct, but the facsimile of any signature
may be impressed on any interest coupons in lieu of the original signature. The bonds shall
be in such form, whether registered or bearer, shall be in such denominations, shall bear
such dates and have such maturities not exceeding 40 years from their...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-526.htm - 2K - Match Info - Similar pages
11-54-147
Section 11-54-147 Use of proceeds from sale of bonds; cost of acquiring project. The proceeds
from the sale of any bonds issued under authority of this article shall be applied only for
the purpose for which the bonds were issued; provided, however, that any accrued interest
and premium received in any such sale shall be applied to the payment of the principal of
or the interest on the bonds sold; and provided, further, that if for any reason any portion
of such proceeds shall not be needed for the purpose for which the bonds were issued, then
such unneeded portion of said proceeds shall be applied to the payment of the principal of
or the interest on said bonds. The cost of acquiring any project shall be deemed to include
the following: The actual cost of the construction of any part of a project which may be constructed,
including architect's and engineer's fees; the purchase price of any part of a project that
may be acquired by purchase; all expenses in connection with the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-147.htm - 1K - Match Info - Similar pages
11-57-16
Section 11-57-16 Bonds - Disposition of proceeds from sale. (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. (b)
Such cost, which shall be paid from the proceeds derived from the sale of bonds, shall be
deemed to include the following: (1) The cost of acquiring any land forming a part of the
project; (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 the project; (4) The cost of landscaping the lands forming a part of the project
and of constructing and installing roads, sidewalks, curbs, gutters,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-57-16.htm - 2K - Match Info - Similar pages
33-13-2
Section 33-13-2 Legislative intent; construction of chapter. It is the intention of the Legislature
by the passage of this chapter to implement Constitutional Amendment No. 338 by: (1) Authorizing
the issuance of the interest-bearing general obligation bonds of the state provided for in
the said constitutional amendment; (2) Providing for the incorporation of a public corporation
to act as the agency of the state in the authorization, sale, issuance and approval of disbursement
of proceeds of the said bonds and to perform the other functions hereinafter specified; and
(3) Providing for the expenditure of the proceeds from the said bonds. It is also the intention
of the Legislature that, to the extent deemed feasible, in the sole discretion of the Alabama
State Docks Department with the approval of the Alabama Port Authority, the proceeds from
the said bonds will be used in preparation for and in anticipation of the demands that will
be made upon and the opportunities that will be...
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33-2-121
Section 33-2-121 Facilities at additional cost of $2,000,000.00 authorized. In addition to
the authority granted to the state by the provisions of any other law, the state is hereby
expressly authorized and empowered, at an additional cost to the state of not exceeding $2,000,000.00,
in promoting and aiding the commercial flow of agricultural products within the state or in
aid of commerce and use of the waterways of the state, to engage in works of internal improvement
by promoting, developing, constructing, maintaining and operating within the state or along
navigable streams and waterways now or hereafter existing within the state all manner of facilities,
all pursuant to the provisions of the 1967 Docks Amendment. All such works, improvements and
facilities shall always be and remain under the management and control of the department.
The department shall be the agency of the state by which the state shall accomplish the acquisition,
construction, maintenance and operation of...
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33-2-151
Section 33-2-151 Facilities at additional cost of $10,000,000.00 authorized. In addition to
the authority granted to the state by the provisions of any other law, the state is hereby
expressly authorized and empowered, at an additional cost to the state of not exceeding $10,000,000.00,
in promoting and aiding the commercial flow of agricultural products within the state or in
aid of commerce and use of the waterways of the state, to engage in works of internal improvement
by promoting, developing, constructing, maintaining and operating within the state or along
navigable streams and waterways now or hereafter existing within the state, all manner of
facilities, all pursuant to the provisions of the 1969 Docks Amendment. All such works, improvements
and facilities shall always be and remain under the management and control of the department.
The department shall be the agency of the state by which the state shall accomplish the acquisition,
construction, maintenance and operation of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-2-151.htm - 1K - Match Info - Similar pages
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