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

11-20-7
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-20-7.htm - 1K - Match Info - Similar pages

41-10-593
Section 41-10-593 Use of bond proceeds. The proceeds derived from the sale of bonds issued
by the authority to finance Y2K expenditures shall be deposited in the State Treasury and
shall be carried in a separate fund therein for the account of the authority, which shall
pay therefrom the expenses of issuance thereof. The proceeds from the sale of bonds remaining
after payment of the expenses of issuance thereof shall be retained in the fund and, until
they are paid out, shall be invested by the State Treasurer at the direction of the authority
in eligible investments which mature at such time or times as the state Finance Director shall
direct. Monies in the fund, whether original proceeds from the sale of bonds or the proceeds
of or earnings on the eligible investments, shall be paid out from time to time for the purposes
of this division in orders or warrants issued by or on the direction of the state Finance
Director. After the Finance Director has certified to the State Treasurer...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-593.htm - 1K - 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

11-54-180
Section 11-54-180 Proceeds from 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 without limitation to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal of (and premium, if any) and interest
on the bonds, and any costs and expenses incidental thereto. Such costs and expenses may include
but shall not be limited to the fiscal, engineering, legal and other expenses incurred in
connection with the issuance of the bonds, and 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. (Acts
1980, No. 80-648, p. 1235, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-180.htm - 1K - Match Info - Similar pages

11-54-26
Section 11-54-26 Bonds - Disposition of proceeds from sale. (a) 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; 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. (b) The cost of acquiring any project, which shall be paid from the proceeds derived
from the sale of bonds, shall be deemed to include the following: (1) The actual cost of the
construction of any part of a project which may be constructed, including architect's and
engineer's fees; (2) The purchase price of any part of a project that may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54-26.htm - 1K - Match Info - Similar pages

11-54A-11
Section 11-54A-11 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, including, but without limitation to, the use of bond proceeds to establish
reserve funds as security for the payment of the principal of (and premium, if any) and interest
on the bonds, 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, 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.
(Acts 1985, No. 85-683, p. 1080, §11.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54A-11.htm - 1K - Match Info - Similar pages

11-55-5
Section 11-55-5 Bonds - Disposition of proceeds from sale. (a) The proceeds from the sale of
any bonds issued under authority of this chapter 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; 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.
(b) The cost of acquiring any project, which shall be paid from the proceeds derived from
the sale of bonds, shall be deemed to include the following: (1) The actual cost of the construction
of any part of a project which may be constructed, including architect's and engineer's fees;
(2) The purchase price of any part of a project that may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-55-5.htm - 1K - 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

2-3A-9
Section 2-3A-9 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,
including, but without limitation to, the establishment of reserve funds as security for the
payment of the principal of (and premium, if any) and interest on the bonds, and any costs
and expenses incidental thereto. Such costs and expenses may include but shall not be limited
to (i) the fiscal, consulting, legal and other expenses incurred in connection with the issuance
of the bonds, and (ii) 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. (Acts 1980, No. 80-586, p. 913,
§9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-3A-9.htm - 1K - Match Info - Similar pages