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41-10-656
Section 41-10-656 Use of bond proceeds. (a) The proceeds derived from the sale of the bonds
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the authority. The proceeds from the sale of the bonds remaining after payment
of the expenses of issuance thereof shall be retained in such fund and, until they are paid
out, shall be invested by the State Treasurer at the direction of the authority, in investments
that constitute permitted investments, as defined in Division 1. Monies in such fund, whether
original proceeds from the sale of the bonds or principal proceeds of matured investments,
shall be paid out from time to time in orders or warrants issued by or on the direction of
the authority for any one or more of the purposes specified in Section 41-10-654 that may
be deemed by the authority to be necessary to comply with any and all commitments made by
the state to the company. (b) Notwithstanding subsection (a), the authority...
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41-10-676
Section 41-10-676 Use of bond proceeds. (a) The proceeds derived from the sale of the bonds
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the authority. The proceeds from the sale of the bonds remaining after payment
of the expenses of issuance thereof shall be retained in such fund and, until they are paid
out, shall be invested by the State Treasurer at the direction of the authority, in investments
that constitute permitted investments, as defined in the Enabling Act. Monies in such fund,
whether original proceeds from the sale of the bonds or earnings on such proceeds, shall be
paid out from time to time in orders or warrants issued by or on the direction of the authority
for any one or more of the purposes specified in Section 41-10-674 that may be deemed by the
authority to be necessary to comply with any and all commitments made by the state to any
company. (b) Notwithstanding subsection (a), the authority may use...
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23-1-178
Section 23-1-178 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 deposited in the State Treasury and credited to the Road and Bridge Fund, and shall
be subject to be drawn on by the corporation, upon the approval of the State Department of
Transportation, but solely for the purpose of constructing, reconstructing , or relocating
public roads and bridges, or work incidental or related thereto, including the acquisition
of property necessary therefor, in the State of Alabama; provided, that such funds may be
used only for payment of the state's share or the costs thereof to be paid by any county or
municipality within the state, of the cost of constructing, reconstructing, or relocating
public roads and bridges, or work incidental or related thereto, which have been or will be
constructed, reconstructed, or relocated under programs financed jointly by the...
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16-16A-9
Section 16-16A-9 Disposition of funds. (a) The proceeds derived from each sale of the Bonds
issued pursuant to this chapter shall be deposited in the State Treasury and shall be carried
in a separate fund therein for the account of the Authority, which shall pay the expenses
of issuance therefrom. The expenses of issuance of the Bonds shall be prorated among the recipients
of the proceeds from the sale of the Bonds in proportions they receive allocations of the
proceeds thereunder. The proceeds from the sale of the Bonds remaining after payment of the
expenses of issuance thereof shall be retained in said fund and, until they are paid out,
shall be invested by the State Treasurer at the direction of the Authority in Permitted Investments
maturing at such time or times as the Authority shall direct. (b) Proceeds from the sale of
the Bonds and the earnings thereon shall be paid out from time to time on orders or warrants
issued by or at the direction of the Authority for any one or more...
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16-16B-9
Section 16-16B-9 (Implementation Conditioned on Separate Legislative Enactment.) Use of bond
proceeds. (a) The proceeds derived from each sale of the Bonds issued pursuant to this chapter
shall be deposited in the State Treasury and shall be carried in a separate fund therein for
the account of the Authority, which shall pay the expenses of issuance therefrom. The expenses
of issuance of the Bonds shall be prorated among the recipients of the proceeds from the sale
of the Bonds in proportions they receive allocations of the proceeds thereunder. The proceeds
from the sale of the Bonds remaining after payment of the expenses of issuance thereof shall
be retained in said fund and, until they are paid out, shall be invested by the State Treasurer
at the direction of the Authority in Permitted Investments maturing at such time or times
as the Authority shall direct. (b) Proceeds from the sale of the Bonds and the earnings thereon
shall be paid out from time to time on orders or warrants...
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41-10-404
any unencumbered funds appropriated to the Department of Finance, Division of Data Systems
Management, for capital outlay and operation and maintenance of the supercomputer system,
are hereby transferred to the Supercomputer System Fund to be expended in accordance with
the provisions of this article. Upon issuance of the certificate of incorporation and pursuant
to a written transfer, assignment or conveyance by the State of Alabama to the authority,
all contracts, leases, management agreements, real or personal property acquired by
the State of Alabama and utilized in the operation of a supercomputer center and system by
the Alabama Department of Finance, shall be transferred, assigned or conveyed to the authority
without payment or other consideration. Upon such assignment, transfer or conveyance, the
State of Alabama shall have no further obligations or rights to or under the items or subject
matters so assigned, transferred or conveyed. (Acts 1989, No. 89-704, p. 1402, ยง15.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-10-404.htm - 1K - Match Info - Similar pages
2-3A-34
Section 2-3A-34 Expenses; disposition of proceeds. Upon order of the board of directors of
said authority, all expenses incurred in connection with the authorization, preparation, sale,
and issuance of bonds authorized herein and by Amendment 618 shall be paid out of the proceeds
thereof. The proceeds thereof remaining after payment of such expenses, together with the
income derived from the investment and reinvestment of such proceeds (including income derived
from the investment and reinvestment of previously derived income) shall be disbursed from
time to time on the order of said authority for payment of costs incurred in carrying out
the purposes authorized in said amendment, as follows: (1) the sum of $13,000,000 shall be
used for providing and improving animal diagnostic laboratories in the state in order to provide
improved animal health testing for livestock and poultry producers, veterinarians, animal
owners and animal-related businesses generally; (2) the sum of $18,200,000...
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33-16-13
Section 33-16-13 Bonds - Disposition of proceeds; investments. The authority shall pay out
of the proceeds from the sale of any of the bonds all expenses which the board of directors
may deem necessary or advantageous in connection with the sale and issuance of the bonds.
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 State Treasury, shall be
carried in a special fund to be designated the Coosa Valley Development Authority fund, and
shall be subject to be drawn on by the authority, upon approval by the Governor, but solely
for the purpose of discharging the duties and obligations undertaken by the authority in connection
with the waterway project. The proceeds from the sale of any refunding bonds remaining after
the expense of their issuance shall be used only for the purpose of refunding the principal
of outstanding bonds issued hereunder and of paying any premium that may be...
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33-17-13
Section 33-17-13 Bonds - Disposition of proceeds; investments. The authority shall pay out
of the proceeds from the sale of any of the bonds all expenses which the board of directors
may deem necessary or advantageous in connection with the sale and issuance of the bonds.
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 state treasury, shall be
carried in a special fund to be designated the Tombigbee Valley Development Authority Fund,
and shall be subject to be drawn on by the authority, upon approval by the Governor, but solely
for the purpose of discharging the duties and obligations undertaken by the authority in connection
with the waterway and the flood control project. The proceeds from the sale of any refunding
bonds remaining after the expense of their issuance shall be used only for the purpose of
refunding the principal of outstanding bonds issued hereunder and of...
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16-54-18
Section 16-54-18 Fund previously generated by proceeds from lands dedicated to university to
be deposited in Restricted Endowment Fund; provisions for payment of remaining principal over
five-year-period; interest to be paid. On May 19, 1980, the Treasurer of the state shall pay
to the Treasurer of the University of Montevallo the whole amount of the fund in the Treasury
generated by proceeds from both federally granted and other lands dedicated to the benefit
of the University of Montevallo. These funds shall be deposited into the University of Montevallo
Restricted Endowment Fund. On October 1, 1996, and on October 1 of each of the next four fiscal
years, the State Treasurer shall pay to the Treasurer of the University of Montevallo one-fifth
of the remaining principal sum of proceeds not heretofore transferred, which were derived
and generated from the sales of federal lands granted by the United States Congress to the
State of Alabama for the express support of the University of...
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