14-2-24
Section 14-2-24 Obligations, bonds and notes not debt of state. All obligations incurred
by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation
of the authority, payable solely from the revenues and income which may under the provisions
of this chapter be pledged to the payment thereof. No obligation incurred by the authority
and no bond or note issued by it shall create an obligation or debt of the state. (Acts 1965,
No. 678, p. 1226, §18; Acts 1967, Ex. Sess., No. 103, p. 131.)...
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41-10-511
Section 41-10-511 Obligations, bonds and notes not debt of state. All obligations incurred
by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation
of the authority, payable solely from the sources which may under the provisions of this article
be pledged to the payment thereof. No obligation incurred by the authority and no bond or
note issued by it shall create an obligation or debt of the state. (Acts 1990, No. 90-603,
p. 1094, §22.)...
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41-10-321
Section 41-10-321 Obligations, bonds and notes not debts of state. All obligations incurred
by the authority and all bonds and notes issued by it shall be solely and exclusively an obligation
of the authority, payable solely from the sources which may under the provisions of this article
be pledged to the payment thereof. No obligation incurred by the authority and no bond or
note issued by it shall create an obligation or debt of the state or of the commission. (Acts
1986, No. 86-546, p. 1093, §22.)...
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11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution,
sale, delivery, redemption, etc.; security for payment of principal or interest; remedies
upon default; liability of municipalities, board, etc., thereupon. (a) Any authority shall
have power to issue from time to time its bonds and notes in such principal amount as its
board shall determine to be necessary to provide sufficient funds for achieving any of its
corporate purposes, including the payment of interest on any of its notes and bonds, the establishment
of reserves to secure any such notes and bonds and all other expenditures of such authority
incident to and necessary or convenient to carry out its corporate purposes and powers. Any
authority shall also have the power to issue from time to time notes to renew notes and bonds
to pay notes, including interest thereon and, whenever it deems refunding expedient, to refund
any bonds by the issuance of new bonds, whether the bonds to be refunded...
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45-36-252.06
Section 45-36-252.06 Bonds of the authority; obligations. (a) In addition to all other
powers now or hereafter granted by law, the authority shall have the following powers, together
with all powers incidental thereto or necessary to the discharge thereof in corporate form:
(1) To sell and issue bonds of the authority in order to provide funds for any corporate function,
use, or purpose, any such bonds to be payable solely out of one or more of the following:
a. Any or all proceeds or receipts from the privilege, license, or excise tax levied on the
sale, distribution, storage, use, or consumption of tobacco and certain tobacco products in
Jackson County by Section 45-36-247. b. Any or all proceeds from any tax received by
the Jackson County Commission which are required by law to be deposited to the credit of the
Jackson County Water Authority. c. The revenues derived from any water, sewer, or garbage
system or facility of the authority. (2) To pledge for payment of any bonds issued...
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22-29-15
Section 22-29-15 Bonds, notes and certificates not debt of state. All bonds, notes and
certificates issued by the authority shall be solely and exclusively obligations of the authority,
payable solely from the revenues, income, fees, charges or rent, which may, pursuant to the
provisions of this chapter, be pledged to the payment thereof, and no such bonds, notes or
certificates shall create an obligation or debt of the state; provided, that an agreement
by the authority to make a grant to a local public body for a project shall impose an obligation
on the state to make such grant from any funds which are then or may thereafter become available
regardless of the funding of the grant by the local public body and subject only to any terms
and conditions set forth in such agreement. (Acts 1971, No. 42, p. 279, §21.)...
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22-23A-17
Section 22-23A-17 Bonds, notes and certificates not debt of state. All bonds, notes
and certificates issued by the authority shall be solely and exclusively obligations of the
authority, payable solely from the revenues, income, fees or charges which may pursuant to
the provisions of this chapter, be pledged to the payment thereof, and no such bonds, notes
or certificates shall create an obligation or debt of the state. (Acts 1988, 1st Ex. Sess.,
No. 88-857, p. 338, §17.)...
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22-34-17
Section 22-34-17 Obligations solely of authority. All bonds, notes and certificates
issued by the authority shall be solely and exclusively obligations of the authority, payable
solely from the revenues, income, fees or charges which may pursuant to the provisions of
this chapter, be pledged to the payment thereof, and no such bonds, notes or certificates
shall create an obligation or debt of the state. Provided, however, that an agreement by the
authority to make a loan to a public body for a project shall impose an obligation on the
state to make such loan from any funds which are then or may thereafter become available regardless
of the funding of the loan by the public body and subject only to any terms and conditions
set forth in such agreement. (Acts 1987, No. 87-226, p. 317, §19.)...
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41-10-466
Section 41-10-466 Obligations not debt of state. All obligations incurred by the authority
and all bonds issued by it shall be solely and exclusively an obligation of the authority
and shall not create an obligation or debt of the State of Alabama. (Acts 1990, No. 90-602,
p. 1079, §17.)...
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22-21-151
Section 22-21-151 Obligations not debt of state or municipality. All obligations incurred
by the authority and all bonds issued by it shall be solely and exclusively an obligation
of the authority and shall not create an obligation or debt of the State of Alabama or of
the municipality. (Acts 1961, No. 109, p. 134, §20.)...
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