41-10-506
Section 41-10-506 Disposition of proceeds of bonds. (a) 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, shall be turned over to the State Treasurer, shall be carried
by him 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: (1) Acquiring land for and constructing, reconstructing
and equipping thereon one or more facilities; (2) Paying all reasonable and necessary expenses
incidental thereto, including filing, recording, surveying, legal and engineering fees and
expenses; (3) Paying the interest which will accrue on the said bonds during the period required
for the construction and equipment of the said facilities and for a period not exceeding six
months after the completion thereof; and (4) Paying the principal of and interest on all then
outstanding notes theretofore issued by the authority...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-506.htm - 2K - Match Info - Similar pages

11-81-170
Section 11-81-170 Revenue bonds - Disposition of proceeds from sale - Proceeds to be used only
for purposes for which bonds authorized; excess proceeds. All moneys derived from the sale
of any revenue bonds issued under the provision of this article shall be used solely for the
purpose or purposes for which the same are authorized, including any engineering, legal and
other expenses incident thereto, and, in the case of bonds issued in whole or in part for
construction, interest on such bonds or such part prior to and during construction and for
one year after completion of construction and, in the case of bonds issued for the purpose
of refunding outstanding revenue bonds, any premium which it may be necessary to pay to redeem
or retire such bonds. If the proceeds of the bonds of any issue shall exceed the amount required
for the purpose or purposes for which the same are issued, the surplus shall be paid into
the fund provided in Section 11-81-181 for the payment of the principal of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81-170.htm - 1K - Match Info - Similar pages

33-13-9
Section 33-13-9 Bonds - Generally. There are hereby authorized to be issued bonds of the state
in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying costs
of the development, construction, improvements, expansion and modernization (or any of them)
of the State Docks Department at the Port of Mobile. The bonds hereby authorized shall be
general obligations of the state, and the full faith, credit and taxing powers of the state
are hereby irrevocably pledged for the prompt and faithful payment of the principal thereof
and the interest thereon. The bonds may be sold from time to time as the board of directors
may deem advantageous; provided, that no bonds (other than refunding bonds) may be sold or
issued unless the Governor shall have first determined that the issuance of the bonds proposed
to be issued will be necessary to enable the authority to promote, develop, construct, improve,
expand and modernize the state docks facilities. Except as hereinafter...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-13-9.htm - 7K - Match Info - Similar pages

41-10-300
Section 41-10-300 Definitions. For the purposes of this article, the following terms shall
have the meanings respectively ascribed to them by this section: (1) AUTHORITY. The public
corporation organized pursuant to the provisions of this article. (2) COMMISSION. The Alabama
Space Science Exhibit Commission established pursuant to and under the provisions of Article
15 of Chapter 9 of this title, and its successors as the state agency established for the
purposes set out in said Article 15. (3) CODE. The Code of Alabama, 1975, as amended. (4)
REFUNDING BONDS. Those refunding bonds issued under the provisions of Section 41-10-312. (5)
STATE. The State of Alabama. (6) BONDS. Those bonds, including without limitation refunding
bonds, issued under the provisions of this article. (7) FACILITIES. Includes exhibit facilities,
educational facilities and any other facilities or lands necessary or useful in connection
with exhibit facilities or educational facilities, including, without limiting...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-300.htm - 2K - 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

2-6-110
Section 2-6-110 Bonds. The corporation is authorized to sell and issue its bonds, not exceeding
one hundred million dollars ($100,000,000), exclusive of refunding bonds, in aggregate principal
amount, and in any additional aggregate principal amounts as authorized by other acts of the
Legislature, for the purpose of providing funds for the project work and for payment of obligations
incurred for such purpose, as well as the payment of issuance expenses and the establishment
of a debt service reserve fund. (Act 2011-575, p. 1231, §12.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-110.htm - 847 bytes - Match Info - Similar pages

22-3A-1
Section 22-3A-1 Legislative findings and declarations. 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 public health purposes. It is the intention of the Legislature
by the passage of this chapter to authorize the formation of a public corporation for the
purposes of providing for the acquisition, construction, improvement and equipment of public
health facilities and to improve such existing facilities for use by the State Board of Health
and county board(s) of health throughout this state in carrying out the duties and powers
imposed upon or vested in them; to authorize the said corporation to provide for payment of
the costs of the said facilities by the issuance of bonds of the corporation; and to pledge
the proceeds of such bonds and other revenues that may be available to it for payment of the
debt service on said bonds. (Acts 1990, No. 90-598, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-3A-1.htm - 1K - Match Info - Similar pages

41-10-359
Section 41-10-359 Execution and delivery of bonds; designation of bonds for community facilities.
The bonds shall be signed by the president of the authority and attested by its secretary;
provided, that a facsimile of the signatures of both of said officers may be printed or otherwise
reproduced on any of the bonds in lieu of their being manually signed if the proceedings under
which the bonds are issued provide for the manual authentication of such bonds by officers
or employees of the state designated by the authority. The seal of the authority shall be
impressed on the bonds; provided, that a facsimile of said seal may be printed or otherwise
reproduced on any of the bonds in lieu of being manually impressed thereon. Delivery of bonds
so executed shall be valid notwithstanding any changes in officers subsequent to the signing
of such bonds. Fifty percent of the bonds issued under the provisions of this article shall
be designated for community mental illness, mental retardation,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-359.htm - 1K - Match Info - Similar pages

41-10-45.1
Section 41-10-45.1 Definitions. The following words and phrases shall have the following meanings
when used in this article: (a) AUTHORITY. The State Industrial Development Authority, a public
corporation of the state, organized and existing under Articles 2, 2A, and 2B of this Chapter.
(b) DEPARTMENT. The Alabama Department of Commerce. (c) ELIGIBLE BORROWER. A municipality,
county, industrial development authority organized under Chapter 92A of Title 11, industrial
development board organized under Article 4, Chapter 54 of Title 11, or nonprofit organization
organized to foster economic development and described in Section 501(c) of the Internal Revenue
Code of 1986, as in effect from time to time. (d) ELIGIBLE EXPENSES. Expenses relating to
land acquisition, site preparation or development, building improvements, building construction,
building renovations, infrastructure, and any other real or personal property deemed necessary
or useful in connection therewith. (e) ELIGIBLE...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-45.1.htm - 2K - Match Info - Similar pages

41-10-751
Section 41-10-751 Definitions. When used in this article, the following terms shall have the
following meanings, unless the context clearly indicates otherwise: (1) ALABAMA TRUST FUND.
The trust fund of the state created under Amendment 450 to the Constitution of Alabama of
1901, and appearing as §219.02 of the Official Recompilation of the Constitution of Alabama
1901, as amended. (2) APPROPRIATED FUNDS. The BP settlement revenues deposited in the special
fund to the extent such revenues are appropriated to the authority pursuant to Section 41-10-759.
(3) AUTHORITY. The Alabama Economic Settlement Authority authorized to be established pursuant
to Section 41-10-752. (4) BONDS. Those bonds, including refunding bonds, issued pursuant to
this article. (5) BP SETTLEMENT REVENUES. Revenues received by the state in settlement of
economic damages claims of the state against BP Exploration and Production, Inc. and any of
its corporate affiliates arising out of the Deepwater Horizon oil spill...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-751.htm - 6K - Match Info - Similar pages