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2-6-118
Section 2-6-118 Trust fund. For the purpose of providing funds for the payment of the principal
of and interest on the bonds issued by the corporation under this article, there is created
and irrevocably pledged to the payment of such obligations a special and continuing trust
fund which shall consist of all receipts, revenues, and income that are derived or received
by the corporation from the leasing or operation of the project and that remain after payment
of the costs of maintaining and insuring the project. All such moneys shall be deposited into
the fund upon receipt, and held until applied for the payment of bonds of the corporation.
(Act 2011-575, p. 1231, §20.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-118.htm - 985 bytes - Match Info - Similar pages
45-6-242
Section 45-6-242 Levy of taxes; exemptions; payment of taxes; reports by taxpayers; applicability
of state sales tax statutes; disposition of funds. (a) The following words, terms, and phrases
where used in this section shall have the following respective meanings except where the context
clearly indicates a different meaning: (1) "County" means Bullock County in the
State of Alabama. (2) "Commissioner" means the Commissioner of Revenue of the state.
(3) "State Department of Revenue" means the Department of Revenue of the state.
(4) "State" means the State of Alabama. (5) "State sales tax statutes"
means Division 1 of Article 1 of Chapter 23 of Title 40, as amended, including all other statutes
of the state which expressly set forth any exemptions from the computation of the taxes levied
in Division 1 and all other statutes which expressly apply to, or purport to affect, the administration
of Division 1 and the incidence and collection of the taxes imposed therein. (6) "State
sales...
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29-2-202
Section 29-2-202 Calculation and payment of principal and interest on bonds attributable to
the Alabama State House. The ABRFA shall annually calculate that portion of the amount necessary
to pay the principal and interest on any bonds issued by the ABRFA that would have been paid
from charges for space in the Alabama State House but for the enactment of this article and
certify that amount to the state Comptroller. The amount so certified is appropriated from
the General Fund to the ABRFA. The state Comptroller shall issue a warrant in that amount
to the ABRFA. The payment of the amount shall be used exclusively to satisfy that portion
of the payment of the principal and interest on bonds issued by the ABRFA that is attributable
to the Alabama State House. The state Comptroller may disburse this amount in 12 equal monthly
payments. (Act 2007-487, p. 1035, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/29-2-202.htm - 1K - Match Info - Similar pages
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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41-10-570
Section 41-10-570 Pledge and appropriation of state revenues from TVA payments to pay and redeem
bonds prior to maturity. There is hereby irrevocably pledged and appropriated such amounts
as may be necessary to pay and to redeem prior to their respective maturities the principal
of and the interest on any issue of bonds or to pay the principal of and the interest on any
refunding bonds issued to refund any revenue bonds that shall be issued by the Alabama Incentives
Finance Authority from the revenues retained by the State of Alabama from the in-lieu-of-taxes
payments made by the Tennessee Valley Authority (which are herein called the "TVA payments")
following the distribution of a portion of such TVA payments to certain counties in the State
of Alabama as provided in Section 40-28-2, and following the pledge and appropriation of TVA
payments pursuant to Section 41-9-783, for the Tennessee Valley Exhibit Commission Bonds outstanding
on July 20, 1995. (Acts 1995, No. 95-372, p. 746,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-570.htm - 1K - Match Info - Similar pages
11-85-110
Section 11-85-110 Duties of State Treasurer. Out of the revenues appropriated and pledged in
Section 11-85-108, the State Treasurer is hereby authorized and directed to pay the principal
of and the interest on the bonds issued by the authority under this article, as the principal
and interest shall respectively mature, and the State Treasurer is further authorized and
directed to set up and maintain appropriate records pertaining thereto. (Act 98-195, p. 338,
§12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-85-110.htm - 777 bytes - Match Info - Similar pages
16-60-95
Section 16-60-95 Disbursement of funds. Out of the revenues appropriated and pledged in Section
16-60-94, the State Treasurer is hereby authorized and directed to pay the principal of and
interest on the bonds issued by the authority under the provisions of this article, as such
principal and interest shall respectively mature, and the State Treasurer is further authorized
and directed to set up and maintain appropriate records pertaining thereto. (Acts 1963, 2nd
Ex. Sess., No. 93, p. 259, §15.)...
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41-29-507
Section 41-29-507 Disbursements of funds. Out of the revenues appropriated and pledged in Section
41-29-506, the state treasurer is hereby authorized and directed to pay the principal of and
interest on the bonds issued by the authority under the provisions of this article, as the
said principal and interest shall respectively mature, and the state treasurer is further
authorized and directed to set up and maintain appropriate records pertaining thereto. (Act
2018-541, §4.)...
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9-9-40
Section 9-9-40 Bonds - Remedies and proceedings upon default. (a) If any installment of principal
and interest evidenced by any bonds issued under the provisions of this article shall not
be paid at the time and in the manner when the same shall become due and payable, the same
shall bear interest at the rate of eight percent per annum until paid, and if such default
shall continue for a period of 60 days, the holder or holders of such bond or bonds upon which
default has been made may have a right of action against said water management district wherein
the court may issue a writ of mandamus against the officers of said district, including the
tax collector, directing the levying of a sufficient tax as provided in this article and the
collection of same in such sum as may be necessary to meet any unpaid installments of principal
and interest and costs of suit and such other remedies are hereby vested in the holder or
holders of such bond or bonds in default as may be authorized by...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-9-40.htm - 9K - Match Info - Similar pages
23-1-159
Section 23-1-159 Bonds - Payments by State Treasurer. Out of the revenues appropriated and
pledged for such purpose, the State Treasurer is authorized and directed to pay the principal
of and interest on the bonds issued by the corporation under the provisions of this article,
as such principal and interest shall respectively mature, and he is further authorized and
directed to set up and maintain appropriate records pertaining thereto. (Acts 1955, 1st Ex.
Sess., No. 43, p. 66, §10.)...
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