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23-1-307
Section 23-1-307 Bonds and notes - Authorization for issuance. The authority shall have the
power and is hereby authorized and empowered to sell and issue its bonds in order to provide
as soon as practicable the federal share of the cost of constructing federal aid projects
in anticipation of the receipt by the state of such federal portions as they become available
either during, upon or after completion of such construction. The authority shall have the
power, in addition to any other powers granted in this article, to borrow money for temporary
use for any of the purposes for which it is authorized by this article to issue bonds and,
in evidence of such borrowing, to issue from time to time temporary bonds or notes. Any such
temporary borrowing may be made in anticipation of the sale and issuance of bonds and in such
event the principal proceeds from the sale of such bonds shall, to the extent necessary, be
used for payment of the principal of and interest on the temporary bonds or...
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41-10-514
Section 41-10-514 Leasing to state agencies. (a) The authority is hereby authorized to enter
into one or more leases of all or any part or portion of the facilities constructed, acquired,
reconstructed, renovated or improved by the authority under the provisions of this article,
to any agency of the state. Any agency of the state and each of them is hereby authorized
to lease any such facilities from the authority. No such lease shall, however, be for a term
longer than the then current fiscal year of the state, but any such lease may contain a grant
to any state agency of successive options of renewing said lease on the terms specified therein
for any subsequent fiscal year or years of the state; provided, that liability for the payment
of rent shall never be for a term longer than one fiscal year. (b) Rent payments by the state,
or any of its agencies shall be due and payable at such time or times as shall be specified
in the lease respecting the facilities leased and shall, upon...
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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 ยง219.02 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...
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11-92C-23
Section 11-92C-23 Loans, sales, grants, guarantees, and contractual or lease obligations of
money or property. (a) For the purpose of securing services of or the right to use or the
use by its citizens or customers of one or more projects of an authority, a cooperative district
of which the authority is a member, or any private user, or aiding or cooperating with the
authority, a cooperative district of which the authority is a member, or any private user
in the planning, development, undertaking, acquisition, construction, extension, improvement,
financing, operation, or protection of a project, any county, municipality, or other political
subdivision, public corporation, agency, or instrumentality of this state, upon such terms
and with or without consideration, as it determines, may do all of the following: (1) Lend
or donate money to, guarantee all or any part of the indebtedness or operating expense of,
or perform services for the benefit of, the authority, a cooperative district...
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16-17-7
of Section 16-17-19) specified in its certificate of incorporation; (2) To sue and be sued
in its own name in civil actions and to defend actions against it; (3) To adopt and make use
of a corporate seal and to alter the same at pleasure; (4) To adopt and alter bylaws for the
regulation and conduct of its affairs and business; (5) To acquire, hold, receive and take
by purchase, gift, lease, devise or otherwise, and to sell, transfer and convey, property
of every description, real, personal or mixed, wherever the same might be located;
(6) To make, enter into and execute such contracts, agreements, leases and other instruments
and to take such other actions as may be necessary or convenient to accomplish any purpose
for which the authority was organized or to exercise any power expressly granted hereunder;
(7) To plan, establish, develop, acquire, purchase, lease, construct, reconstruct, improve,
maintain and operate ancillary improvements in connection with educational...
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16-18-7
perpetuity, subject to the provisions of Section 16-18-21 specified in its certificate of incorporation;
(2) To sue and be sued in its own name in civil actions and to defend actions against it;
(3) To adopt and make use of a corporate seal and to alter the same at pleasure; (4) To adopt
and alter bylaws for the regulation and conduct of its affairs and business; (5) To acquire,
receive and take by purchase, gift, lease, devise or otherwise, and to hold property of every
description, real, personal or mixed, wherever the same might be located; (6) To make,
enter into and execute such contracts, agreements, leases and other instruments and to take
such other actions as may be necessary or convenient to accomplish any purpose for which the
authority was organized or to exercise any power expressly granted hereunder; (7) To plan,
establish, develop, acquire, purchase, lease, construct, reconstruct, improve, maintain and
operate ancillary improvements in connection with educational...
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41-10-458.1
Section 41-10-458.1 Definitions; additional authorization. (a) Definitions. The following terms,
whenever used in Act 98-245, shall have the following respective meanings unless the context
clearly indicates otherwise: (1) "Authority" means Alabama Building Renovation Finance
Authority established pursuant to the 1990 Act. (2) "Bonds" (except where that word
is used with reference to bonds issued under another act) means those bonds authorized to
be issued pursuant to the authorization contained in Act 98-245. (3) "1990 Act"
means Act No. 90-602 enacted at the 1990 Regular Session of the Legislature of Alabama, codified
as Article 14 of Chapter 10 of Title 41. (b) In addition to those bonds authorized to be issued
by the authority pursuant to the 1990 Act, the authority is hereby authorized to sell and
issue its bonds in the aggregate principal amount of twelve million dollars ($12,000,000)
for the purpose of constructing and equipping a new west wing for the Alabama Memorial Building,...
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41-10-60
Section 41-10-60 Disposition of proceeds from sale of bonds and refunding bonds. (a) The authority
shall pay out of the proceeds from the sale of any of the bonds all expenses, including fees
of agents and attorneys and other charges, which said board of directors may deem necessary
or advantageous in connection with the issuance of the bonds. The proceeds of the bonds, other
than refunding bonds, remaining after paying the expenses of their issuance shall be turned
over to the State Treasurer and 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 acquiring real estate suitable for the purpose of the authority in Jefferson County, Alabama,
including all expenses reasonably necessary in connection with such acquisition, and erecting,
constructing and equipping on such real estate exhibition halls, buildings, warehouses, storage
facilities, parking areas and other structures and...
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11-50-351
Section 11-50-351 Establishment, collection, etc., of rates, fees, and charges for services
furnished. (a) The board is hereby authorized to fix and revise from time to time rates, fees,
and other charges for the use of and for the services furnished or to be furnished by any
water system, sewer system, or sewage disposal system or parts thereof owned, operated, or
maintained by the board. Such rates, fees and charges shall be so fixed and revised as to
provide funds sufficient at all times: (1) To pay the cost of maintaining, repairing, and
operating such system or systems or parts thereof; (2) To pay the principal of and the interest
on all bonds and obligations assumed by the board, including any bonds issued to refund the
same, as the same shall become due and payable; (3) To pay the principal of and the interest
on all revenue bonds issued by the board under the provisions of this article as the same
shall become due and payable; (4) To create and maintain such reserves for the...
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11-56-8
Section 11-56-8 Powers generally. The corporation shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To have succession by its corporate name until dissolved as provided in this chapter;
(2) To sue and be sued and to prosecute and defend civil actions in any court having jurisdiction
of the subject matter and of the parties; (3) To make use of a corporate seal and to alter
the same at pleasure; (4) To adopt and alter bylaws for the regulation and conduct of its
affairs and business; (5) To acquire, whether by purchase, gift, lease, devise, or otherwise
property of every description which the board may deem necessary to the acquisition, construction,
improvement, enlargement, operation, or maintenance of a project and to hold title thereto;
(6) To construct, enlarge, equip, improve, maintain, and operate one or more projects; (7)
To borrow money for any of its corporate purposes and to sell and issue...
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