16-16-10
Section 16-16-10 Disposition of proceeds of bonds. (a) 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. Said expenses shall be deducted from that portion of the said proceeds
allocated in subsection (o) of this section. Such remaining funds shall be subject to be drawn
upon by the authority with the approval of the secretary of the authority and the Governor,
but any funds so withdrawn shall be used solely for the purpose of financing the construction,
reconstruction, alteration, improvement and equipment of buildings and other facilities for
public educational purposes, including the cost of architectural services therefor and services
rendered by building inspectors for periodic and final inspections thereof, and for acquiring
sites therefor, in accordance with the provisions of this...
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16-60-93
Section 16-60-93 Deposit of and disbursements from proceeds of 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
and shall be used solely for the purposes for which the bonds were issued as authorized in
this article. (Acts 1963, 2nd Ex. Sess., No. 93, p. 259, §13.)...
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41-10-270
Section 41-10-270 Use of proceeds from sale of bonds. All proceeds derived from the sale of
any bonds (except refunding bonds) by the authority remaining after payment of the expenses
of issuance thereof shall be turned over to the State Treasurer, shall be carried in a special
account of the State Treasury to the credit of the authority, and shall be subject to be drawn
on by the authority solely for the purposes of funding any required reserve fund, acquiring,
constructing, installing and equipping judicial facilities and paying all reasonable and necessary
expenses incidental thereto, including interest which shall accrue on said bonds during the
construction of said judicial facilities. Any balance of said proceeds thereafter remaining
shall, upon completion of said judicial facilities and the payment of all costs in connection
therewith, be used for the redemption of bonds of the authority at the earliest permissible
date. (Acts 1986, No. 86-420, p. 627, §11.)...
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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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41-10-468
Section 41-10-468 Use of proceeds from sale of bonds. All proceeds derived from the sale of
any bonds (except refunding bonds) sold by the authority remaining after payment of the expenses
of issuance thereof and the funding of any required reserve or replacement fund shall be turned
over to the State Treasurer, shall be carried by the State Treasurer in a special account
to the credit of the authority, and shall be subject to be drawn on by the authority solely
for the purposes of constructing, renovating, reconstructing, improving, altering, adding
to, demolishing, and equipping one or more public office buildings (including the State Capitol),
surfacing and resurfacing of land for parking and other uses to produce revenue, and all reasonable
and necessary expenses incidental thereto, including interest which shall accrue on said bonds
during the construction, renovation, reconstruction, improvement, alteration, addition, demolition,
and equipping of said buildings, surfacing and...
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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...
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33-13-12
Section 33-13-12 Bonds - Disposition of proceeds; investments. The authority shall pay out
of the proceeds from the sale of any of the bonds (other than refunding bonds) those expenses
which the board of directors may deem necessary or advantageous in connection with the sale
or issuance thereof. The proceeds from the sale of all bonds, other than refunding bonds,
remaining after paying the expenses of their sale and issuance shall be turned in to the treasury
of the State Docks Department, shall be carried in a special fund therein and shall be subject
to be drawn on by the State Docks Department, upon the approval of the authority, but solely
for the respective purposes for which they were authorized to be issued, viz., payment of
costs incurred in the development, construction, improvement, expansion and modernization
(or any of them) of the state docks facilities at the Port of Mobile, as the state facilities
may from time to time exist. The proceeds from the sale of any refunding...
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11-85-107
Section 11-85-107 Bonds - Authentication; redemption; sale; refunding; use of proceeds; security;
investment of funds. The bonds of the authority shall be signed by its president and attested
by its secretary and the seal of the authority shall be affixed thereto or a facsimile of
such seal shall be printed or otherwise reproduced thereon; provided, that a facsimile of
the signature of one, but not both, of said officers may be printed or otherwise reproduced
on any such bonds in lieu of being manually subscribed thereon and a facsimile of the signatures
of both of the officers may be printed or otherwise reproduced on such bonds in lieu of being
manually affixed thereof if the authority, in its proceedings with respect to issuance of
the bonds, provides for manual authentication of such bonds. The State Treasurer shall be
registrar, transfer agent, and paying agent for the bonds. The State Treasurer may designate
named individuals who are employees of the state and who are assigned to...
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23-1-313
Section 23-1-313 Bonds and notes - Disposition of proceeds from sale. The authority shall pay
out of the proceeds from the sale of the obligations authorized by this article all expenses
that the board of directors may deem necessary and advantageous in connection with the sale
and issuance thereof. The proceeds from the issue of any obligations authorized by this article,
(i) except the proceeds of bonds which were issued to pay principal and interest of temporary
bonds or notes and in anticipation of which such temporary bonds or notes shall have been
issued, and (ii) except the proceeds of refunding bonds issued to refund any outstanding obligation,
remaining after paying the expenses of their sale and issuance, shall be deposited in the
State Treasury, shall be credited to the Road and Bridge Fund and shall be subject to be withdrawn
by the authority, upon the approval of the State Department of Transportation and the Governor,
but only for the purpose of paying the federal share...
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16-16B-8
Section 16-16B-8 (Implementation Conditioned on Separate Legislative Enactment.) Refunding
bonds. For the purpose of refunding any Bonds or Refunding Bonds of the Authority issued under
the provisions of this chapter, the 1965 Act, the 1971 Acts, the 1973 Act, the 1978 Act, the
1985 Act, the 1990 Act, the 1995 Act, the 1998 Act, the 1999 Act, the 2001 Act, the 2002 Act,
the 2003 Act, the 2007 Act or any other act previously enacted, or any combination thereof,
whether such refunding shall occur before, at or after the maturity of the Bonds refunded
and for the purpose of paying all premiums and expenses of such refunding (including, but
not limited to, attorneys' fees, costs of printing the Refunding Bonds, fiscal agents' fees,
and accountants' fees), the Authority is hereby authorized to sell and issue its Refunding
Bonds. Such Refunding Bonds may be sold and issued from time to time, at public sale, on sealed
bids and on such other terms and conditions as the Authority shall...
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