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22-23B-2
Section 22-23B-2 Definitions. The following words and phrases, whenever used in this chapter,
shall have the following respective meanings unless the context clearly indicates otherwise:
AUTHORITY. The corporation organized pursuant to the provisions of this chapter as a public
corporation, agency and instrumentality of the state and known as the "Alabama Drinking
Water Finance Authority." AUTHORIZING RESOLUTION. A resolution, order or other proceedings
adopted by the board of directors of the authority authorizing the issuance of bonds, agreements
and related matters. BOARD OF DIRECTORS. The board of directors of the authority. BOND PROCEEDS.
The net proceeds of sale of bonds or notes, and the income derived from the investment of
such proceeds. BONDS. The bonds, notes or obligations or other evidences of indebtedness issued
by the authority under the provisions of this chapter. DEPARTMENT. The Alabama Department
of Environmental Management or any successor. FEDERAL ACT. The Act of...
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23-7-29
Section 23-7-29 Other financial assistance authorized. (a) The granting of other financial
assistance by the bank shall be authorized by a resolution of the bank. (b) The bank may execute
instruments and enter into financing agreements, including, without limitation, a trust indenture
between the bank and a corporate trustee, which may be the State Treasurer or any bank having
trust powers or any trust company doing business in this state, containing the terms and conditions
as the bank shall determine in connection with the provision of other financial assistance
and securing its obligations with respect to other financial assistance. (c) The bank may
pledge any of its revenues or funds to the payment of other financial assistance provided
by the bank, subject to any prior pledges for outstanding bonds or other financial assistance
of the bank and, in the case of those revenues described in subdivisions (1) and (2) of subsection
(a) and subsection (b) of Section 23-7-6, the pledges by...
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41-10-758
Section 41-10-758 Creation of special fund. For the benefit of the State of Alabama and the
citizens thereof, there is hereby created a special fund named the BP Settlement Fund which
shall be funded with BP settlement revenues and administered in accordance with this article.
All BP settlement revenues received after September 30, 2017, shall be deposited in the special
fund upon receipt and shall be used first to pay principal, interest, and premium, if any,
and any other amounts due on or with respect to the bonds of the authority. Any BP settlement
revenues determined by the directors of the authority to be in excess of the amounts needed
for the payment of all amounts due with respect to the bonds, may be withdrawn from the special
fund and used to pay costs and expenses incident to the issuance of the bonds, including costs
and expenses incurred by the Department of Finance in the administration of the bonds, may
be transferred to and deposited in the Alabama Trust Fund or the...
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11-71-2
Section 11-71-2 Short title; definitions. (a) This chapter shall be known as and may be cited
as "The Neighborhood Infrastructure Incentive Plan Act of 2011." (b) For purposes
of this chapter, the following terms shall have the following meanings: (1) ASSESSMENTS. Voluntary
assessments paid by property owners in an authority created pursuant to this chapter. (2)
AUTHORITY. A Local Neighborhood Infrastructure Authority formed by homeowners or business
owners pursuant to this chapter, exercising the powers granted in this chapter. (3) BOARD.
The board of directors of an authority. (4) MUNICIPALITY. The municipality within which homeowners
or business owners form an authority, and which must give approval for the formation of an
authority and appoint a board of trustees to administer the authority. (5) INFRASTRUCTURE
PROJECT or PROJECT. An infrastructure project that would allow homeowners and business owners
located in an authority to make certain improvements, additions, and upgrades to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-71-2.htm - 1K - Match Info - Similar pages
10A-20-7.10
Section 10A-20-7.10 Rights to shares, bonds, securities, or other evidences of corporate indebtedness.
(a) Notwithstanding any rule at common law, any provision of any general or special law or
any provision in their respective charters, agreements of association, certificate of formation,
or trust indentures: (1) Any person, including all domestic corporations organized for the
purpose of carrying on business within this state, and further including, without implied
limitation, public utility companies, insurance companies, foreign corporations licensed to
do business within this state, all financial institutions, as defined in Section 10A-20-7.01,
and all trusts, are hereby authorized to acquire, purchase, hold, sell, assign, transfer,
mortgage, pledge, or otherwise dispose of any bonds, securities, or other evidences of indebtedness
created by, or the shares of the capital stock of, the corporation and, while owners of the
stock, to exercise all the rights, powers, and privileges of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-7.10.htm - 2K - Match Info - Similar pages
11-92A-16
Section 11-92A-16 Use of bonds, proceeds, etc. (a) The proceeds from the sale of any bonds
shall be applied as provided in the proceedings in which the bonds are authorized to be issued,
including without limitation, the payment of all legal, fiscal, and recording fees and expenses
incurred in connection with the authorization, sale, and issuance of the bonds and, if so
provided in the proceedings authorizing their issuance, interest on said bonds (or if only
a part of any issue of bonds is issued for acquisition purposes, interest on that portion
of the bonds of that issue that is issued to pay acquisition costs) for a reasonable period
prior to and during the time required for the acquisition, construction, and equipping of
the project. An authority may provide in the proceedings authorizing the issuance of bonds
for the funding of a debt service reserve and/or a replacement and extension reserve from
the proceeds of its bonds. (b) All contracts made by an authority and all bonds...
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41-10-750
Section 41-10-750 Legislative Findings and Purpose. (a) The Legislature finds and declares
the following: (1) In recent years, withdrawals have been made from the Alabama Trust Fund
and the General Fund Rainy Day Account of the Alabama Trust Fund for current budgetary purposes.
The Constitution and laws of the State of Alabama require repayment of the withdrawals and
the Legislature recognizes the need to restore those funds to their prescribed levels. (2)
It is desirable and in the public interest to establish a public corporation of the State
of Alabama with the power to issue bonds for the purpose of making transfers to and deposits
in the Alabama Trust Fund and the General Fund Rainy Day Account of the Alabama Trust Fund,
to provide additional funds to the Alabama Medicaid Agency, and for paying the costs of transportation
projects, and to appropriate and pledge a portion of the revenues to be received by the state
from the settlement of certain claims against BP Exploration and...
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11-62-7
suits and actions and to defend suits against it; (3) To adopt and make use of a corporate
seal and to alter the same at pleasure; (4) To adopt, alter, and repeal bylaws, regulations,
and rules, not inconsistent with the provisions of this chapter, for the regulation and conduct
of its affairs and business; (5) To acquire, whether by gift, purchase, transfer, foreclosure,
lease, or otherwise, and to expand, improve, maintain, equip, and furnish one or more facilities,
including all real and personal properties that its board may deem necessary in connection
therewith, regardless of whether or not any such facility shall then be in existence and,
if in existence, regardless of whether or not any such facility is then owned or leased by
any user to which such facility may subsequently be sold or leased by such authority; (6)
To borrow money and to sell and issue bonds, notes, or other obligations as hereinafter provided
for any corporate use or purpose; (7) To lease to a user or users...
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11-98-4
Section 11-98-4 Board of commissioners. (a) When any district is created, the creating authority
may appoint a board of commissioners composed of seven members to govern its affairs, and
shall fix the domicile of the board of commissioners at any point within the district. In
the case of county districts, after the expiration of the terms of the members of the board
of commissioners holding office on May 23, 2000, there may be at least one member of the board
of commissioners from each county commission district if the number of the county commission
does not exceed seven, unless a resolution dated before January 1, 2000, was passed by a county
commission establishing an appointment process different from this section or as otherwise
provided by the enactment of a local act after May 23, 2000. The members of the board of commissioners
shall be qualified electors of the district, two of whom shall be appointed for terms of two
years, three for terms of three years, and two for terms of...
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24-1-66
in connection with a project; (10) To lease or rent any of the dwelling or other accommodations
or any of the lands, buildings, structures, or facilities embraced in any housing project
and to establish and revise the rents or charges therefor; (11) To enter upon any building
or property in order to conduct investigations or to make surveys or soundings; (12) To purchase,
lease, obtain options upon, acquire by eminent domain, gift, grant, bequest, devise, or otherwise,
any property, real or personal, or any interest therein from any person, firm, corporation,
city, county, or government; (13) To sell, exchange, transfer, assign or pledge any property,
real or personal, or any interest therein to any person, firm, corporation, city, county,
or government; (14) To own, hold, clear, and improve property; (15) To insure or provide for
the insurance of the property or operations of the authority against such risks as the authority
may deem advisable; (16) To procure insurance or guarantees...
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